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According to the analgesic infusion pump industry analysis, research analysts at Technavio predict that the global analgesic infusion pumps market will grow steadily at a CAGR of 4% by 2021. This market research analysis identifies the rising incidence of SCI and cerebral palsy as one of the primary growth factors for this market. Spinal cord injury (SCI) occurs due to several factors such as road traffic, falls, crashes, and violence. This consequently results in temporary or permanent sensation less of autonomic nervous system and muscle function. Surgery is recommended in severe conditions and the patient must bear insufferable post-operative pain. The analgesic infusion pump is used to deal with both pre- and post-operative conditions. Cerebral palsy is the most common motor disability in children and it is caused due to injuries to the development of the brain during antenatal, perinatal, or postnatal period, which affects the intellectual ability of the child. Children affected by cerebral palsy face severe muscular pain that can be controlled using an analgesic pump.
Home healthcare includes providing various pain management therapies such as acupuncture, physiotherapy, medication therapy, and sleep management to aid the speedy recovery of individuals from injury, illness, and post-operative pain. Governments are spreading awareness regarding the usage of analgesic infusion pumps to reduce the escalating amount of hospital admissions. Additionally, governments are also supporting the usage of analgesic infusion devices with safety settings in home healthcare setting which can be administered by individuals themselves with set dose prescribed by the physicians. According to this market research report, this focus of the government towards encouraging home healthcare therapies will be one of the key trends behind the growth of the analgesic infusion pumps market.
The market is intensely competitive and fragmented due to the presence of both global and local players. To expand their product portfolio, the market players are increasingly collaborating and forming strategic alliances with the other vendors and this in turn, intensifies the level of competition among the market players. Additionally, to gain a competitive advantage over their competitors, vendors in the analgesic infusion pumps market are also making huge investments towards R&D to launch innovative products and to update their existing product.
The leading vendors in the market are -
The other prominent vendors in the market are Animas Corporation (a subsidiary of Johnson & Johnson), Codman & Shurtleff (a subsidiary of Johnson & Johnson), Flowonix Medical, Fresenius Kabi (a subsidiary of the Fresenius), Hospira (a subsidiary of Pfizer), I-Flow Corporation (a subsidiary of Kimberly-Clark Corporation), Micrel Medical Devices, Mindray, Sorenson Medical, Stryker, and Terumo Medical Corporation.
PCA pumps are primarily used by the individuals themselves to self-administer prescribed drugs with pre-determined dosage and time interval. The usage of PCA pumps makes the individual self-dependent, reduces anxiety, and promotes fast recovery. PCA pumps are primarily used in healthcare settings such as hospitals to reduce the increasing burden of individuals by reducing their length of stay.
Hospitals will be the major end user to the analgesic infusion pumps market and this will mainly attribute to the rising preference towards hospitals for the treatment, diagnosis, and surgical interventions for critical medical conditions and severe pain. The availability of skilled professionals with knowledge and expertise in treating and diagnosing such conditions increases the patients’ preference towards hospitals.
Market Research Report, Industry Growth And Trends – Technavio
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by products
PART 07: Market segmentation by application
PART 08: Market segmentation by condition
PART 09: Market segmentation by end-users
PART 10: Geographical segmentation
PART 11: Decision framework
PART 12: Drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
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