Introduction
The market for animal infusion pumps is anticipated to expand at a CAGR of 7.5% from 2018 to 2025. This expansion is mostly attributable to the rising demand for inventive and premium animal infusion pumps across a range of industries, including medicines, food, feed, and other industrial applications. Based on product type, application, and geography, the animal infusion pump market has been segmented in this report.
Animal Infusion Pump Industry Overview
This market is expanding as a result of the quick uptake of synthetic organs.
Siemens AG (Germany), Intuitive Surgical, Inc. (U.S.), Abbott Laboratories (U.S.), Medtronic plc (Ireland), and Johnson & Johnson (U.S.) are the major players in this market. These businesses are concentrating on creating cutting-edge products and diversifying their product lines across various geographies. To increase their market share, they are also concentrating on boosting their sales and marketing initiatives.
High cost of goods, insufficient reimbursement rates, and regulatory limits are some of the main difficulties that the participants encounter.
Animal Infusion Pump Market Competition by Players
The market for animal infusion pumps is anticipated to expand at a CAGR of 7.5% from 2019 to 2025. According to a recent GIR (Global Info Research) study, the market for animal infusion pumps is estimated to be worth USD XX million in 2019 and to increase to USD XX million by 2025. The need for healthcare-related goods and services is on the rise, and people are becoming more and more aware of the advantages of employing animal infusion pumps for therapies and treatments.
Medtronic, Olympus, Terumo, Siemens AG, and Intracorp S.A. are a few of the major players in the global animal infusion pump market. These businesses manufacture and market animal infusion pumps in many nations throughout the world.
The product type, technology type, geography, and player categories can be used to widely segment the competitive environment in the worldwide animal infusion pump market. Pumps used in medical procedures and therapies such angiography (to inspect blood arteries), surgery, dialysis, and hydration therapy dominate the product type segment. Peristaltic pumps, which use a peristaltic motion, are the dominant technology.
Animal Infusion Pump Regional Analysis
The market for animal infusion pumps is expanding quickly, and several businesses are competing for customers. The market for animal infusion pumps is outlined in this study, with a focus on the areas that are expanding the fastest. The competitive analysis of the top businesses in the sector is also included in the research.
Animal Infusion Pump Outlook (2018
From 2016 to 2024, the market for animal infusion pumps is anticipated to expand at a CAGR of 7.2 percent. This study analyzes the animal infusion pump market's expansion on a regional, product, and application level.
The market is segmented regionally into North America, Europe, Asia Pacific, and the Rest of the World. In 2016, the North American market is anticipated to have the largest portion of the global market. The Asian Pacific area is expected to experience the fastest growth during the projection period. This is mostly because modern medical technology is being adopted more frequently in this area.
The market is divided into single phase and three phase pumps in terms of products. Single phase pumps currently rule the North American market, and this is likely to continue during the forecast. During the forecast period, three phase pumps are expected to expand more quickly than single phase pumps. This is mostly caused by the growing use of three-phase pumps in industrial-scale agricultural applications.
Appendix
Due to the advantages it offers, the animal infusion pump sector is expanding and becoming more well-known. In this study, we go over the competitive environment, some of the major competitors, and the industry growth trend for animal infusion pumps. Animals can be given medication or other fluids using infusion pumps for animals. They are employed in a number of fields, including veterinary medicine, food processing, and agriculture. Through 2021, the market for animal infusion pumps is anticipated to expand at a rate of 6% annually. This expansion can be linked to elements like rising humane treatment demand and rising use of alternative veterinary therapies. Manual pumps and automatic pumps make up the two primary market segments. Although manual pumps are more expensive, they provide more flexibility when adjusting dosage. Although automatic pumps are more affordable, they are more difficult to operate. Baxter International Inc., BD, Inc., Medtronic PLC, Micro80 Inc., Novo Nordisk A/S, and Sorin Group Holding S.A. are some of the major companies in the animal infusion pump market.
