Intraosseous Infusion Devices Market to Grow by 7.6% CAGR as Governments Worldwide Prioritize High Standards in Emergency Healthcare

According to a recent study by Future Market Insights (FMI), the global intraosseous (IO) infusion devices is expected to witness high growth during the forecast period. The market is expected to grow from US$ 3.5 Bn in 2020 to over US$ 7.9 Bn by 2031. It will therefore register CAGR of around 7.6% over the forecast period (2021-2031).

Download a PDF Sample of the Report – https://www.futuremarketinsights.com/reports/sample/rep-gb-1569

The increasing number of emergency cases has been propelling the market growth. These cases include strokes, seizures, burns, sudden breathing difficulty, and other health concerns where the use of intraosseous infusion devices is of immense need. Intraosseous infusion devices come into practice when intravenous entry points are unavailable and so treatment is provided through an entry point on the bone marrow.

Intravenous fluid and drug administration is a prime choice in the normal medical procedure as they are comparatively economic and less painful than intraosseous infusion. However, demand for intraosseous infusion is expected to increase on the back of the rise in the need for rapid and high volume infusions during an emergency.

The recent articles posted by CDC in September 2021, states that heart diseases are the leading cause of death which means 659,000 people in the United States die due to heart diseases. This is due to lifestyle changes, cardiac arrest and cardiovascular surgery which are getting common globally with an incidence rate of around 0.7 to 2.9%.

Defibrillation is the primary resort for cardiac arrest for resuscitation on the failure of which titrated adrenaline is administered through the sternum using an intraosseous infusion device. The rising prevalence of cardiovascular disorder is expected to fuel the demand for IO infusion device market

Healthcare companies are constantly collaborating with healthcare professionals, healthcare service providers, and hospitals to improve quality care for the patients.  Thus, delivering high quality care together with advanced technologies, which will further drive the overall market in the forecast period.

June 1, 2020, Becton, Dickinson and Company, acquired acquisition of Straub Medical AG which develops and sells medical atherectomy and thrombectomy devices that treat peripheral arterial disease (PAD) and venous disease. This helped BD explore advancing technologies driving the market.

Currently, the COVID-19 pandemic has changed the opinions and many companies and Governments are indulging themselves in investing in the intraosseous infusion market. This change has driven the market to the next level. In addition, COVID-19 has been a great aperture in exploring one’s business into healthcare. Government is funding companies in improving healthcare infrastructure.

To increase revenue share, the hospitals are focusing on increasing investment in research and development. It is thus, expected for market players to enjoy the lucrative growth of the investing in intraosseous infusion market in the forecast period.

Such developments not only strengthen the company’s existing portfolio but also help to increase their presence at the regional as well as global level, and help companies to sustain the increasing competitive pressure.

Get Customized Report as per your Requirement – https://www.futuremarketinsights.com/customization-available/rep-gb-1569

Key Takeaways from Intraosseous Infusion Devices Market Study

• By product, EZ-IO holds the maximum share of 21.4% in the market in 2021, expanding at 7.6% CAGR during the forecast period.
• By route of administration, the sternum segment will account for 30.8% of the market share in 2021, indicating the highest demand.
• By technology, the automatic segment will account for more than 50% of the market share in 2021.
• By end user, EMS centers and Hospitals together account for more than 60% of the market share in 2021.
• By region, North America holds the largest share of 26.6% of the global intraosseous infusion devices market in 2021.

“Increasing demand in improving standards of pre-hospital emergency care settings will boost the intraosseous infusion devices market over the decade. Growth will continue as market players focus on automation to improve the overall quality of devices,” says a FMI Analyst

Who is Winning?

Some of the leading companies operating in the intraosseous infusion device market are focusing on product launch, collaboration, and partnership strategies.

• In January 2015, Teleflex, Inc. Company acquired all common stocks of Human Medics Co., Ltd., a South Korea-based distributor of surgical and respiratory products. – This is expected to favour the distribution network of the company in South Korean market
• In June 2015, Teleflex, Inc Company acquired certain assets of N. Stenning & Co. Pty. Ltd. – a medical device distributor and supplier based in Australia. – This is expected to support the distribution and penetration of the company’s products in Australia.

Ask from Market Research Expert – https://www.futuremarketinsights.com/ask-question/rep-gb-1569

The key market players covered by FMI include Pyng medical Corp., Cook Medical Incorporated, PerSys Medical, Aero Healthcare, Teleflex, Inc., and Becton Dickinson and Co…

About the Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

More from FMI’s Healthcare, Pharmaceuticals and Medical devices Intelligence:

• Dermatology Devices Market Segmentation By Product Type – Lasers, RF Devices and Microdermabrasion Devices, By Application – Vascular Lesions, Tattoo Removal, Hair Removal, Wrinkle Removal, Scar Removal and Acne Removal, By End User – Hospitals, Specialty Dermatology Clinics and Private Clinics
• Central Venous Catheter Market Segmentation By Product Type – Tunnelled Catheters and Non-Tunnelled Catheters, By Property – Antimicrobial Catheters and Non Antimicrobial Catheters, By Design – Single Lumen, Double Lumen and Multi Lumen, By Composition – Polyurethane, Polyurethane / Poly Carbonate and Silicone
• Intraosseous Infusion Devices Market Segmentation By Product Type – B.I.G (Bone Injection Gun), FAST1, EZ-IO, FAST Responder, Intraosseous Needles, Others; By Technology – Manual, Automatic; By End User – Emergency Medical Services, Hospitals, Ambulatory Surgical Centres, Cardiac Care Centres; By Route of Administration – Sternum, Distal & Proximal Tibia, Distal Femur, Calcaneus, Head of Humerus

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

Plot No: JLT-PH2-X2A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Website: https://www.futuremarketinsights.com/

Report: https://www.futuremarketinsights.com/reports/intraosseous-infusion-devices-market

Press Release Source: https://www.futuremarketinsights.com/press-release/intraosseous-infusion-devices-market

According to a recent study by Future Market Insights (FMI), the global intraosseous (IO) infusion devices is expected to witness high growth during the forecast period. The market is expected to grow from US$ 3.5 Bn in 2020 to over US$ 7.9 Bn by 2031. It will therefore register CAGR of around 7.6% over the forecast period (2021-2031).

Download a PDF Sample of the Report – https://www.futuremarketinsights.com/reports/sample/rep-gb-1569

The increasing number of emergency cases has been propelling the market growth. These cases include strokes, seizures, burns, sudden breathing difficulty, and other health concerns where the use of intraosseous infusion devices is of immense need. Intraosseous infusion devices come into practice when intravenous entry points are unavailable and so treatment is provided through an entry point on the bone marrow.

Intravenous fluid and drug administration is a prime choice in the normal medical procedure as they are comparatively economic and less painful than intraosseous infusion. However, demand for intraosseous infusion is expected to increase on the back of the rise in the need for rapid and high volume infusions during an emergency.

The recent articles posted by CDC in September 2021, states that heart diseases are the leading cause of death which means 659,000 people in the United States die due to heart diseases. This is due to lifestyle changes, cardiac arrest and cardiovascular surgery which are getting common globally with an incidence rate of around 0.7 to 2.9%.

Defibrillation is the primary resort for cardiac arrest for resuscitation on the failure of which titrated adrenaline is administered through the sternum using an intraosseous infusion device. The rising prevalence of cardiovascular disorder is expected to fuel the demand for IO infusion device market

Healthcare companies are constantly collaborating with healthcare professionals, healthcare service providers, and hospitals to improve quality care for the patients.  Thus, delivering high quality care together with advanced technologies, which will further drive the overall market in the forecast period.

June 1, 2020, Becton, Dickinson and Company, acquired acquisition of Straub Medical AG which develops and sells medical atherectomy and thrombectomy devices that treat peripheral arterial disease (PAD) and venous disease. This helped BD explore advancing technologies driving the market.

Currently, the COVID-19 pandemic has changed the opinions and many companies and Governments are indulging themselves in investing in the intraosseous infusion market. This change has driven the market to the next level. In addition, COVID-19 has been a great aperture in exploring one’s business into healthcare. Government is funding companies in improving healthcare infrastructure.

To increase revenue share, the hospitals are focusing on increasing investment in research and development. It is thus, expected for market players to enjoy the lucrative growth of the investing in intraosseous infusion market in the forecast period.

Such developments not only strengthen the company’s existing portfolio but also help to increase their presence at the regional as well as global level, and help companies to sustain the increasing competitive pressure.

Get Customized Report as per your Requirement – https://www.futuremarketinsights.com/customization-available/rep-gb-1569

Key Takeaways from Intraosseous Infusion Devices Market Study

• By product, EZ-IO holds the maximum share of 21.4% in the market in 2021, expanding at 7.6% CAGR during the forecast period.
• By route of administration, the sternum segment will account for 30.8% of the market share in 2021, indicating the highest demand.
• By technology, the automatic segment will account for more than 50% of the market share in 2021.
• By end user, EMS centers and Hospitals together account for more than 60% of the market share in 2021.
• By region, North America holds the largest share of 26.6% of the global intraosseous infusion devices market in 2021.

“Increasing demand in improving standards of pre-hospital emergency care settings will boost the intraosseous infusion devices market over the decade. Growth will continue as market players focus on automation to improve the overall quality of devices,” says a FMI Analyst

Who is Winning?

Some of the leading companies operating in the intraosseous infusion device market are focusing on product launch, collaboration, and partnership strategies.

• In January 2015, Teleflex, Inc. Company acquired all common stocks of Human Medics Co., Ltd., a South Korea-based distributor of surgical and respiratory products. – This is expected to favour the distribution network of the company in South Korean market
• In June 2015, Teleflex, Inc Company acquired certain assets of N. Stenning & Co. Pty. Ltd. – a medical device distributor and supplier based in Australia. – This is expected to support the distribution and penetration of the company’s products in Australia.

Ask from Market Research Expert – https://www.futuremarketinsights.com/ask-question/rep-gb-1569

The key market players covered by FMI include Pyng medical Corp., Cook Medical Incorporated, PerSys Medical, Aero Healthcare, Teleflex, Inc., and Becton Dickinson and Co…

About the Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here

More from FMI’s Healthcare, Pharmaceuticals and Medical devices Intelligence:

• Dermatology Devices Market Segmentation By Product Type – Lasers, RF Devices and Microdermabrasion Devices, By Application – Vascular Lesions, Tattoo Removal, Hair Removal, Wrinkle Removal, Scar Removal and Acne Removal, By End User – Hospitals, Specialty Dermatology Clinics and Private Clinics
• Central Venous Catheter Market Segmentation By Product Type – Tunnelled Catheters and Non-Tunnelled Catheters, By Property – Antimicrobial Catheters and Non Antimicrobial Catheters, By Design – Single Lumen, Double Lumen and Multi Lumen, By Composition – Polyurethane, Polyurethane / Poly Carbonate and Silicone
• Intraosseous Infusion Devices Market Segmentation By Product Type – B.I.G (Bone Injection Gun), FAST1, EZ-IO, FAST Responder, Intraosseous Needles, Others; By Technology – Manual, Automatic; By End User – Emergency Medical Services, Hospitals, Ambulatory Surgical Centres, Cardiac Care Centres; By Route of Administration – Sternum, Distal & Proximal Tibia, Distal Femur, Calcaneus, Head of Humerus

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

Plot No: JLT-PH2-X2A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Website: https://www.futuremarketinsights.com/

Report: https://www.futuremarketinsights.com/reports/intraosseous-infusion-devices-market

Press Release Source: https://www.futuremarketinsights.com/press-release/intraosseous-infusion-devices-market