Global Veterinary Infusion Pumps Market is expected to grow by USD 730.70 million during 2023-2030, accelerating at a CAGR of 12.3% during the forecast period
According to the North American Pet Health Insurance Association, the basic annual expenditure for dogs and cats in 2021 will be USD 458 for dogs and USD 201 for cats. Such high expenditure on a pet, combined with a growing emphasis on their health, will lead to the use of veterinary infusion pumps during surgeries. As a result, all of these factors have been discovered to create significant growth opportunities for infusion pumps in the North American region.
Data Bridge Market Research analyses that the veterinary infusion pumps market which was USD 288.87 million in 2022, is expected to reach USD 730.70 million by 2030, at a CAGR of 12.3% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
A veterinary infusion pump is a pump-based medical device used to administer various types of medical solutions in a specific dose over time. Any medical solution or nutrients and fluids are mostly administered intravenously but epidural, subcutaneous, enteral, and other routes are used on occasion. Infusion pumps, such as perfusion pumps and syringe pumps, can keep medicines flowing at a specific speed, time, and volume.
Governments around the world are developing plans and guidelines for animal welfare. For instance, the United Kingdom Government announced the first-ever action plan to improve animal welfare and conservation at home and abroad in May 2021. The action plans include programmes for animal improvement and welfare for all animals, such as incentivizing farmers to improve animal health and welfare through future farming policies. Such initiatives raise awareness about animal health and thus help the market grow.
The veterinary infusion pumps market is segmented on the basis of type, infusion type, model type, mobility, infusion mode, channel type, animal, end user, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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