Rising instances of chemotherapy for chronic disease treatment is driving the growth of United States Syringe Pumps Market, in the forecast period.
Moreover, the technological advancement in the syringe pumps that are utilized for the infusion of the medicines or withdrawal of the bodily fluids is anticipated to drive the market growth in the upcoming five years. Also, the instances of chronic diseases are increasing in the country. The rising number of instances are vastly affecting the geriatric population.
Also, these patients require in home setting for the post op procedures and a monitored administration of the medicines and drugs as a part of the treatment. These factors are majorly responsible for the growth of the United States syringe pumps market in the next five years.
Syringe pumps are the medical devices that utilize electronic energy to run a motor driven precision pump. These pumps are utilized to administer the appropriate and required amount of medicine to the patient. The syringe pumps are also used in vivo diagnosis, treatment, and research purposes.
The demand for early and efficient diagnosis, proper treatment, and extensive research are some of the major factors that are expected to drive the growth of the United States syringe pumps market in the upcoming five years.
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The United States syringe pumps market is segmented by type, application, end user, competitional landscape, and regional distribution. Based on application, the market is further bifurcated into ICU, cardiac surgery units, pediatric units, operating theatres, and others. ICU is anticipated to be the largest segment and assert its hold over the segment on the account of the rising number of the surgeries.
The intensive care unit requires syringe pumps to monitor the drug dosage and to regulate the anesthetic administration too. Cardiac surgery units are also expected to show the significant growth of the market due to rising number of cardiovascular diseases. The recent outbreak of COVID-19 is also responsible for the strengthening of the market growth in the future five years.
Based on type, the market is further divided between infusion pumps and withdrawal pumps. Infusion pumps are expected to hold the largest revenue shares of the market and assert its dominance over the market segment on the account of factors like surge in the number of patients requiring consistent monitored administration of the treatment drugs and medicines. Also, the increased instances of vaccination are a major driving factor for the market growth.
In the recent case of pandemic, COVID-19 vaccination was conducted and although many states in the country are vaccinated already, the procedure is still continuing and thereby anticipated to support the growth of the infusion syringe pumps in the future five years. Withdrawal pumps are expected to hold significant shares of the market on the grounds of surge in demand of diagnosis based on fluid withdrawal for certain diagnostic tests.
Due to rising number of chronic diseases and the failure to diagnose them at early stage, better diagnostic test kits are consistently prepared and thus the demand for the withdrawal pumps is increasing to withdraw bodily fluids like blood and plasma for the sample for the diagnostic tests and thus the growth in the market is expected in the upcoming five years.
A partial list of market player in the United States syringe pumps market includes, Medtronic USA, Inc., Becton, Dickinson and Company, B. Braun Medical, Inc., Baxter International, Inc., Nipro Medical Corporation, Terumo Americas Holding, Inc., Cardinal Health, Inc., Moog, Inc., ICU Medical, Inc., Fresenius Kabi USA, among others. These market players hold larger shares of the market than the new market players.
With the advancement of the technology, it is appropriate to say that the effective research and development of the technologically advanced medical devices would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide devices that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“United States supports the well-established healthcare industry that is involved with providing the best healthcare to the patients. Moreover, the presence of the multiple market players in the country is anticipated to aid the growth of the market. Market players are constantly researching and developing the technologically advanced syringe pumps to provide more efficient, cost-effective devices that give early diagnosing of the target and chronic diseases. Government support toward the research and development is also one of the major drivers of the market. New players can focus on the investments and on the market launches of the technologically advanced products,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Syringe Pumps Market By Type (Infusion Pumps v/s Withdrawal Pumps) By Application (ICU, Cardiac Surgery Units, Pediatric Units, Operating Theatres, Others) By End User (Hospitals & Clinics, Ambulatory Care Centers, Others) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of United States syringe pumps 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 United States syringe pumps market.
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