North America to Dominate Syringe Pump Market During Forecast Period
Growth in volume of surgical procedures
across the globe to drive the growth of global syringe pump market
According
to TechSci Research report, “Global
Syringe
Pump Market By Type (Infusion Pump v/s Withdrawal Pump), By Application
(ICU, Cardiac Surgery Units, Pediatric Units, Operating Theatres, Others), By
End User (Hospitals, Ambulatory Care Settings, Clinics, Others), By Region,
Forecast & Opportunities, 2025”, the global syringe pump market is expected to grow at a formidable
rate during the forecast period on account of the growing use of syringe pumps
in treatment, diagnosis and research activities. Additionally, increasing
awareness among the population pertaining to healthcare coupled with rapid
adoption of electronic health records and smart pumps is further expected to
create lucrative opportunities for the market growth during forecast period.
Furthermore, advantages such as ease of use & operation, reliability, rapid
start of infusion, wireless communication between pumps, rapid access to drug
libraries, among others associated with syringe pump are anticipated to
increase their demand over the next few years, thereby driving the market
growth. Besides, syringe pumps can operate without connection to the mains
since they are automatically supplied with batteries, which is very helpful
during mains failure. Also, they ensure continuous infusion of fluids to the
patient even during transportation. However, issues of electrical leakage to
the patient might hamper the growth of market over next few years.
Additionally, increasing adoption of refurbished syringe pumps is expected to
slow down the market growth. Furthermore, lack of skilled professionals
negatively impacts the market growth. Also, increasing cases of injuries to the
patient or sometimes death due to air bubbles or other hazards might further
restrict the market growth. Moreover, stringent regulatory process is further
anticipated to impede market growth during the next five years.
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The global syringe pump market is segmented based on type, application,
end user, company and region. Based on type, the market can be bifurcated into
infusion pump and withdrawal pump. The infusion pump segment is expected to
dominate the market owing to their widespread use for delivering small amount
of fluids to the patients at high but controlled pressure. The withdrawal pump
segment is also expected to witness significant growth over the next few years
on account of their increasing use to remove fluids for pharmaceutical and
other clinical testing applications. Based on application, the market can be
categorized into ICU, cardiac surgery units, pediatric units, operating
theatres and others. The ICU segment is expected to dominate the market during
forecast years. The relay mode of syringe pump plays a pivotal role in ICUs. Critical
patients in ICU often receive intravenous medications which cannot be
interrupted at any point of time as this could affect their health. The relay
mode feature allows two pumps with same medication to communicate with each
other in a way that if medication from one pump gets over, the other one takes
over. This allows uninterrupted administration of medicine and gives time to
the ICU staff to reload the pump which has no medicine. Additionally, it
prevents any chance of error in medication from both at the end of hospital
staff and patient. Also, during transportation of patient these pumps can be
carried along, thereby saving time and consumables.
Becton, Dickinson and Company, B. Braun Melsungen AG, Baxter
International Inc., Fresenius Kabi, ICU Medical, Inc., Medtronic plc, Moog
Inc., Smith’s Medical, Terumo Corporation, NIPRO Corporation, Avanos Medical,
Inc., Tandem Diabetes Care, Inc., JMS Co., Ltd., Insulet Corporation, Roche
Diagnostics, Zyno Medical, Teleflex, Inc., Mindray Medical International
Limited, Micrel Medical Devices SA, Ypsomed Holding AG and others are some of the
leading players operating in global syringe pump market. The companies operating
in the market are using organic strategies such as product launches, mergers
and collaborations to boost their share.
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“North America is expected to dominate the
syringe pump market during the forecast period, owing to the increasing use of
syringe pumps for treating various chronic diseases in the region. Additionally,
presence of large number of hospitals with commendable healthcare facilities is
further expected to propel the market. Furthermore, technological advancements
and innovations in the syringe pumps under the infusion pump segment,
especially in the United States, is further anticipated to positively impact
the growth of market through 2025. Besides, the presence of key market players
in the region is expected to create lucrative opportunities for the market
growth over next few years.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Syringe Pump Market By Type (Infusion Pump
v/s Withdrawal Pump), By Application (ICU, Cardiac Surgery Units, Pediatric
Units, Operating Theatres, Others), By End User (Hospitals, Ambulatory Care
Settings, Clinics, Others), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global syringe
pump market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global syringe pump market.
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