Impact Analysis of Covid-19
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The Global Veterinary Infusion Pump Market, by Product Type (Syringe Infusion Pump and Large-volume Infusion Pump), By End User (Veterinary Hospitals and Veterinary Clinics), and by Region (North America, Europe, Latin America, Middle East, Asia Pacific, and Africa) is estimated to be valued at US$ 76.89 million in 2017 and is estimated to exhibit a CAGR of 5.6% over the forecast period (2017-2025).
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The increasing technological advancements by market players, coupled with rising awareness about pet care, among populations are the major factors that are expected to drive growth of the global veterinary infusion pump market over the forecast period. Moreover, veterinary infusion pump delivers controlled amount of fluid and medications into the bloodstream over a period of time. Furthermore, rising prevalence of cancer coupled with rising relapsed cancer rates results in increasing adoption of approved novel and effective immunotherapies and targeted therapies for the treatment of cancers in pets, which is further expected to drive the veterinary infusion pump market growth. Thus, manufacturers are engaged in launching innovative products in the market. For instance, Vet Pro SP 3000 was launched by Caesarea Medical Electronics for vet, which provide accurate small dose and linear infusions. Furthermore, the device has a special feature of drug volume detection, which makes it easy and quick to set up an infusion for any animal. Additionally, increasing number of manufactures in the market are focusing on offering veterinary pumps and are engaged in developing innovative devices. For instance, BodyGuard 121 Twins for vet developed by Caesarea Medical Electronics allows user to set up fast high volume rapid infusions by mixing two different infusion solutions for an animal or by infusing to two different animals from one device.
Browse 23 Market Data Tables and 24 Figures spread through 142 Pages and in-depth TOC on “Veterinary Infusion Pump Market”, by Product Type (Syringe Infusion Pump and Large-Volume Infusion Pump), By End User (Veterinary Hospitals and Veterinary Clinics), and by Region (North America, Europe, Latin America, Middle East, Asia Pacific, and Africa)- Global Forecast to 2025”
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Moreover, increasing number of hospital admissions, owing to obesity in animals is expected to drive demand for veterinary infusion pumps market. For instance, in 2016, according to the Association for Pet Obesity Prevention (APOP), in the U.S. 54% dogs and 59% of cats were overweight or obese and the number increased to 56% dogs and 60% cats in 2017. Furthermore, manufacturers are focused on the development of infusion pumps especially for veterinary clinics, which is expected to boost demand for veterinary infusion pump from clinics across the globe. For instance, Heska developed HESKA VET/IV 2.2 Infusion Pump for clinical use, whose calibration is available for Abbott Series A and B, Baxter ACT 5435s Henry Schein UniverSet. Its low weight (2.6 pounds) and compact structure makes it easy to carry and requires less space.
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Key takeaways of the Veterinary Infusion Pump Market:
- The global veterinary infusion pump market is expected to exhibit a CAGR of 5.6% during the forecast period (2017-2025), owing to increasing prevalence of disability among geriatric population
- Among product type, large volume infusion pump segment is expected to account for a major market share over the forecast period, attributed to technological advancements and innovations in veterinary infusion pumps by the manufacturers.
- Furthermore, the manufacturers are involved in innovation with the products such as HESKA VET/IV 2.2, and Vet Pro SP 3000 to make them more user friendly and cost effective. The cost effective nature of this product is expected to boost market revenue over the forecast period.
- Key players operating in global veterinary infusion pump market include B. Braun Melsungen AG, Heska Corporation, Q Core Medical Ltd., Burtons Medical Equipment Ltd., DRE Medical, Inc., Grady Medical, Promed Group Co., Ltd., and SAI Infusion Technologies
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