With 14.1% CAGR Asia-Pacific Veterinary Infusion Pumps Market was valued at USD 97.59 million from 2021 to 2028
Market Analysis and Insights: Asia-Pacific Veterinary Infusion Pumps Market
The Asia-Pacific veterinary infusion pumps market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 14.1% in the forecast period of 2021 to 2028 and is expected to reach USD 97.59 million by 2028. Rising prevalence of animal diseases and disorders has improved the demand for infusion pumps which can be used for medical fluids infusions in veterinary care, thus acts as driver for the veterinary infusion pumps market growth.
A veterinary infusion pumps are pump-based medical devices used to administer various kinds of medical solutions in particular doses for the long term. Any medical solution or nutrients and fluids are provided mostly intravenous route of administration but occasionally epidural, subcutaneous, enteral, and other routes are also implemented. Infusions pumps like perfusion pumps and syringe pumps has the ability in maintaining the medicines flow at certain speed, time and volume. Recent advanced infusion pumps in veterinary application further allows the practitioners to calculate the rate of administration of drug depending on factors like concentration of medication, dosage of drug, weight of animals, sex of animal and their age.
Rising prevalence of animal diseases and disorders, increasing number of animal accidents with rising animal populations and significant surge in pet acts as driver for the veterinary infusion pumps market. The growing number of veterinary hospital and clinics implementation, with significant rise in veterinary practitioners are further boosting the market growth. The lack of animal health awareness in underdeveloped areas, side effects associated with infusion pumps and high animal healthcare cost is restraining the veterinary infusion pumps market growth. Increasing animal healthcare expenditure, increasing research and developments, with strategic initiatives by market players and huge market potential acts as an opportunity for the veterinary infusion pumps market. Fluctuations in the price of raw materials, stringent rules and rising competition between key player’s acts as challenge for the veterinary infusion pumps market growth.
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Veterinary infusion pumps Market Scope and Market Size
Asia-Pacific veterinary infusion pumps market is categorized into nine notable segments based on the type, infusion type, model type, mobility, infusion mode, channel type, animal, end user, and distribution channel.
- On the basis of type, the Asia-Pacific veterinary infusion pumps market is segmented into device and administration sets and pump accessories. In 2021, the device segment is dominating the veterinary infusion pumps market as there are high animal accidents.
- On the basis of infusion type, the Asia-Pacific veterinary infusion pumps market is segmented into continuous and intermittent. In 2021, the continuous segment is dominating the market as the veterinary practitioners prefer continuous flow of infusion for emergency treatments.
- On the basis of model type, the Asia-Pacific veterinary infusion pumps market is segmented into power cord and battery operated. In 2021, battery operated segment is dominating the market as they can provide uninterrupted infusion with constant stored battery packages.
- On the basis of mobility, the Asia-Pacific veterinary infusion pumps market is segmented into stationary and portable. In 2021,portablesegment is dominating the market as portable infusion pumps used for veterinary cares at hospitals provide usage multiple times by convenient shifting.
- On the basis of infusion mode, the Asia-Pacific veterinary infusion pumps market is segmented into rate mode, time mode, dose mode and others. In 2021, rate mode segment is dominating the market for maintaining rate flow of drugs to prevent drug flow errors.
- On the basis of channel type, the Asia-Pacific veterinary infusion pumps market is segmented into single channel and multi-channel. In 2021, single channel segment is dominating the market because they provide specific drug delivery.
Competitive Landscape and Veterinary infusion pumps Market Share Analysis
Veterinary infusion pumps market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to veterinary infusion pumps market.
The major companies which are dealing in the veterinary infusion pumps are Shenzhen Mindray Bio-Medical Electronics Co., Ltd, New Gen Medical., Shenzhen ENMIND Technology Co., Ltd., Shenzhen MedRena Biotech Co., Ltd., ivetmedical, Instech Laboratories, Inc, B. Braun Melsungen AG, Heska Corporation, Avante Health Solutions, Jorgensen Labs ., Mediaid, Inc., Promed Group Co., Ltd., Guangdong Baolight Medical Technology Co., Ltd. , DURECT CORPORATION, Shenzhen Biocare Bio-Medical Equipment Co., Ltd., Primetech Corporation, Beijing KellyMed Co., Ltd., and among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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