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Infusion pumps veterinary medicine
The global market for veterinary infusion pumps is expected to grow at a CAGR of 4.9% over the next five years. The market was valued at USD 85.9 million in 2017 and is projected to reach USD 141.5 million by 2022. Drivers of the market include increasing animal care expenses and pet insurance. However, rising healthcare costs are also hampering the growth of the market. To combat this challenge, manufacturers are launching new models and technologies.
Veterinary Infusion Pumps are designed to deliver a continuous flow of medicine to a patient. They are used during surgery, intensive care, and anaesthesia. They use highly sophisticated electronics to calculate the right dose of medicine and start the infusion at a specific rate and speed. During surgery or in the recovery room, the pump can be set to start multiple infusions at a time. Regardless of the complexity of the patient's condition, a veterinary infusion pump can provide reliable care at any time.
The market for veterinary infusion pumps is expected to grow at a faster rate than the overall market for medical devices. The technology used by veterinary infusion pumps is highly advanced and is increasingly becoming a standard in medical settings. It uses high-precision electronics to deliver medicines. It can also be programmed to deliver a specific dose of medicine at a specified speed. Furthermore, it can be programmed to deliver the right amount of fluid at a specified rate. Consequently, it is crucial for a veterinary infusion pump to perform properly.
As the demand for veterinary infusion pumps is soaring, there are many opportunities to increase supply and sales of these devices. The industry has experienced a significant disruption in the supply chain for these products due to the coronavirus pandemic. The result of this is that a few healthcare systems are capable of meeting the demand for veterinary infusion pumps. There is a limited number of suppliers for such products, but the benefits are worth the extra investment.
The global veterinary infusion pumps market is anticipated to grow at a CAGR of 5.8% over the next five years. The market is driven by factors such as growing pet insurance and increasing number of veterinary practitioners. The demand for veterinary infusion pumps is mainly driven by a growing trend in pharmacology. Some countries may also experience shortages in the veterinary infusion market, which could hinder the growth of the market.
The Veterinary Infusion Pumps market is dominated by major companies like B. Braun Melsungen AG, Burtons Medical Equipment Ltd, Digicare Biomedical Technology Inc, and Abbot. Among them, DRE Veterinary and Baxter offer several models of infusion pumps that are refurbished by a third party. Apart from these, the Abbot refurbished infusion pumps are suited for different veterinary practices.