Veterinary infusion pump market analysis

1. Coherent market insightsMarket Research and Business Consulting Services VETERINARY INFUSION PUMP MARKET ANALYSIS • https://www.coherentmarketinsights.com/market-insight/veterinary-infusion-pump-market-1689

2. Market Overview • Controlled analgesia veterinary infusion pumps are commonly used in healthcare settings and are widely used to transfer medications, nutrients, and fluids inside the patient body at regular intervals in accurate dosages. The infusion of medication into the veterinaries plays a vital role in current therapeutic regimens. They are used across the healthcare settings right from inpatient, outpatient, and private clinics to at-home settings. Veterinary infusion pumps have revolutionized the administration of intravenous medications with programmed features such as intermittent and preprogramming, bolus dosing, and standby mode.

3. The Global Veterinary Infusion Pump Market, by Product Type (Syringe Infusion Pump and Large-Volume Infusion Pump), by End User (Veterinary Hospitals and Veterinary Clinics) was valued US$ 76.89 million in 2017 and is projected to exhibit a CAGR of 5.6% over the forecast period (2017 - 2025).

4. Global Veterinary Infusion Pumps Market Value (US$ Mn) Comparison, By Pump Type

5. Increasing incidence and remission rates of pet cancers is expected to foster growth of the veterinary infusion pump market • Increasing prevalence of cancer along with rise in relapsed cancer rates among animals, increasing demand for approved novel immunotherapies and targeted therapies, which are proved to be highly effective for the treatment of cancers in pets are some of the factors augmenting growth of the veterinary infusion pump market. According to the study by Fetch a Cure, 2015, dogs and cats have a higher incidence of tumors than humans, where dogs are 35 times more likely to develop skin cancer, four times more likely to develop breast tumors and eight times more likely to develop bone cancer than humans. According to the study by Animal Cancer Foundation, 2017, around 25% of all dogs are projected develop a tumor at some point in their life, which supports the increasing demand for veterinary infusion pumps in the near future.

6. According to the study by PetMD, LLC. 2015, around 95% of dogs were treated for lymphoma with chemotherapy protocols and conventional treatments are expected to experience disease relapse or remission. The duration of remission is less than 15 months in 50% of dog species. In spite of the relapse rate associated with these medicines, veterinarians recommend other approved therapeutics for the cancer treatment of pets that is expected to additionally generate the revenue for the market players. For instance, in 2017, a novel chemotherapy drug named Tanovea-CA1 (rabacfosadine for injection), manufactured by VedDC, Inc. was conditionally approved by the Food and Drug Administration (FDA), as a first line treatment for dogs to treat relapsed/refractory lymphoma and canine lymphoma, which can be administered through the veterinary infusion pump.

7. Consistent development in the technology pertaining to veterinary infusion pumps are encountered for several times in the evolution of veterinary infusion. This has led to development of devices with extremely sophisticated and hassle-free drug delivery capabilities in terms of drug transfusion as well as control and monitoring the delivery of fluids in to the patients. In order to improve the performance and reliability, companies are focused towards the development of advanced infusion pumps that facilitates user friendly and portable devices to ease the utility and functioning associated with these pumps.

8. Moreover, the companies are now focusing towards developing pumps that are more efficient and accurate as compared to the existing pumps by indulging into research and development associated with smart infusion pumps as well enhancing the wireless connectivity with respect to operation of these pumps. For instance, BodyGuard 121 Twins for Vet consists of two independent channels that extend the therapeutic range of option. As the device allows user to set up fast high volume rapid infusions by mixing two different infusion solutions for an animal or by infusing to two different animals from one device.

9. Although technological advancements are encountered on a consistent basis in the veterinary infusion pump technology, the high costs incurred with these devices makes the unaffordable to a large vet pool that belongs to low and moderate economies. Thus, the price point associated with automatic and smart infusion pumps are also expected to create a barrier in the global veterinary infusion pumps market growth.

10. Key players operating in veterinary infusion pumps market include B. Braun Melsungen AG, Heska Corporation, Q Core Medical Ltd., Burtons Medical Equipment Ltd., DRE Medical, Inc., Grady Medical, Promed Group Co., Ltd., and SAI Infusion Technologies.

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