LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global analgesic infusion pumps market is expected to grow at a CAGR of 4% during the forecast period.
This research report titled ‘Global Analgesic Infusion Pumps Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global analgesic infusion pumps market into three major product segments. They are:
- Volumetric analgesic infusion pumps
- Syringe analgesic infusion pumps
- Ambulatory analgesic infusion pumps
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Volumetric analgesic infusion pumps
Volumetric analgesic infusion pumps are used to infuse the analgesic anesthetic drug into the vascular system of the individual. These devices are usually accompanied by a microprocessor to control the rate of medication flow and are also capable of calculating the volume of fluid considering the size of the drop produced and diameter of the tubing.
These devices have monitoring sensors such as alarms designed to protect the individual from adverse events of a medication overdose. In addition to the existing features, the device has the capability to stop infusion if the actual drop rate differs from the set rate by more than 2% as a safety measure for individuals. The devices have become smaller and lighter with advanced technological features and lockout mechanism.
According to Neha Noopur, a lead analyst at Technavio for orthopedics and medical devices research, “The demand for volumetric analgesic infusion pumps has significantly increased and is expected to rise further, owing to its technological advancements. It is used in major areas of healthcare delivery treatments such as internal medicine, ICU, CCU, operating rooms, pediatrics, surgical, and other clinical infusion treatments to control infusion rate and volume.”
Syringe analgesic infusion pumps
Syringe analgesic infusion pumps are used to administer precise amount of analgesics at a controlled pressure that includes specifications such as discharge flow, syringe size, step rate, accuracy, reproducibility, and physical dimensions. The fluid delivery is controlled by a movable piston. The device is used for individuals having difficulty in swallowing oral medication post-operation or during any chronic illness and disability.
Frequent intake of injections to consume medications by the individuals makes them uncomfortable, and they usually experience pain. The use of syringe analgesic infusion pumps will avoid intake of frequent injections as the medications are transferred through the infusion pump into the individual's body.
Ambulatory analgesic infusion pumps
Ambulatory analgesic infusion pumps are portable devices that enable analgesic drugs to be self-administered by individuals. The flow of medication, timing, and alarm system activities are controlled by a microprocessor within these devices.
These devices significantly improve clinical outcomes, reduce the cost of treatment, and the length of hospital stay of individuals. The technology has evolved into smart pump technology with portable medication delivery, safety software, and wireless network access, resulting in real-time monitoring of infusions, and alarm systems. Ambulatory analgesic infusion pump has its application in hospitals and is slowly evolving in home infusion therapy.
“The growing number of cancer patients in outpatient departments is increasing the usage of ambulatory analgesic infusion pump devices. The market for these devices is expected to grow significantly during the forecast period due to increasing demand from the home care segment,” says Neha.
The top vendors highlighted by Technavio’s market research analysts in this report are:
- Baxter
- B. Braun
- BD
- Medtronic
- Smiths Medical
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