OVERVIEW
Research by Global Market Studies has reported a CAGR of 10.27% for the U.S. Veterinary Infusion Pumps Market, expecting to expand to a value of USD 730.70 million by 2028.Â
Veterinary infusion pumps are medical devices designed to deliver fluids, medications, and nutrients to animals in a controlled and precise manner. These pumps are commonly used in veterinary clinics, hospitals, and research facilities to administer intravenous (IV) fluids, medications, blood products, and other therapeutic agents to animals, ensuring accurate dosing and patient comfort.
Infusion pumps are essential in veterinary medicine for fluid therapy, medication administration, blood transfusions, nutritional support, chemotherapy, critical care, research, anesthesia support, pediatric and neonatal care, and home care. They ensure precise delivery of medications, maintain hydration, electrolyte balance, and blood pressure, and provide accurate administration for various conditions.
Table of Content
Market Dynamics
Drivers:
Advancements in veterinary care are driven by the increasing pet ownership trend and the growing bond between pet owners and their animals. This has led to a need for advanced medical treatments and technologies, such as infusion pumps, to provide optimal care for animals. Specialized veterinary care, such as oncology, critical care, and surgery, requires advanced equipment like infusion pumps.Â
Research and development in veterinary medicine have led to the development of new treatment protocols and therapies, requiring accurate and controlled administration of fluids and medications through infusion pumps. Pet healthcare awareness is also increasing, leading to a higher demand for targeted and effective treatments. Emphasis on animal welfare and ethical treatment has led to greater investment in medical technologies to enhance animal care quality.
Opportunities:
Veterinary infusion pumps provide precise control over fluid and medication administration, reducing the risk of dosage errors and ensuring accurate treatment. They come with multiple modes of operation, such as continuous infusion, intermittent infusion, and bolus administration. Modern infusion pumps feature intuitive interfaces, allowing for easy operation, adjustment, and monitoring. Some infusion pumps allow for customizable treatment protocols for specific conditions and patient needs.
Portability and mobility are essential for certain veterinary settings, with some designed for lightweight and portable use. Advanced safety features, such as alarms for occlusions, air bubbles, and low battery, enhance the safety and reliability of infusion pump operation. Infusion pumps may be compatible with various IV sets and tubing, allowing veterinarians to choose the appropriate setup for their patients. Remote monitoring and battery backup options ensure treatments can continue even during power outages or mobility. Manufacturers often provide training and technical support to veterinary professionals using their infusion pumps, ensuring proper usage and effectiveness.
Restraints:
High-quality veterinary infusion pumps can be expensive and challenging to manufacture and purchase, potentially hindering adoption in small practices with limited resources. Proper maintenance and training are essential for safe use, but some practices struggle to allocate resources for these tasks. Regulatory compliance is complex, and technical issues like malfunctions, software glitches, or compatibility issues can cause treatment interruptions.Â
The competitive and fragmented market for veterinary medical equipment, including infusion pumps, can lead to challenges in differentiating products and reaching target audiences effectively. Additionally, some veterinary professionals may not be fully aware of the benefits of using infusion pumps or perceive them as unnecessary for certain treatments. Addressing these challenges is crucial for the successful use of veterinary infusion pumps in the healthcare industry.
Regional Information:
North America: The United States and Canada have well-established veterinary care systems and a strong pet ownership culture. These regions are likely to have higher adoption rates of advanced medical equipment like infusion pumps due to the demand for quality pet care.
Europe: Many European countries have a high level of pet ownership and prioritize pet healthcare. As a result, there is potential for significant adoption of veterinary infusion pumps in this region.
Asia-Pacific: The Asia-Pacific region, including countries like Japan, South Korea, China, and Australia, has seen a rising trend in pet ownership and an increasing focus on advanced veterinary care. However, adoption might vary based on economic conditions and cultural factors.
Recent Developments:
• December 2022: The government of India implemented the Livestock Health and Disease Control Programme (LHDCP) nationwide. The program aims to mitigate risks to animal health by implementing prophylactic vaccination against animal diseases, increasing the capacity of veterinary services, enhancing disease surveillance, and strengthening veterinary infrastructure, including the provision of essential veterinary healthcare equipment in hospitals.
• May 2022: Hawkmed, a medical equipment company, launched its latest product, the TOUCH-SCREEN Veterinary Infusion Pump-HK-T100VET. This new infusion pump is an upgrade from their HK-100VET veterinary pump, boasting a 3.5-inch TOUCH-SCREEN with an interactive user interface. This innovation provides an improved user experience for veterinary professionals administering infusion therapy to animals.
Key Players:
Burtons Medical Equipment Ltd, Avante Animal Health (DRE Veterinary), Digicare Biomedical (Digicare Animal Health) and Heska Corporation.
Frequently Asked Questions
1) What is the projected market value of the U.S. Veterinary Infusion Pumps Market?
– The U.S. Veterinary Infusion Pumps Market is expected to reach a value of USD 730.70 million by 2028.
2) What is the estimated CAGR of the U.S. Veterinary Infusion Pumps Market over the 2023 to 2028 forecast period?
– The U.S. Veterinary Infusion Pumps Market is expected to grow at a CAGR of approximately 7.4% from 2023 to 2028.
3) Who are the key players in the U.S. Veterinary Infusion Pumps Market?
– Burtons Medical Equipment Ltd, Avante Animal Health (DRE Veterinary), Digicare Biomedical (Digicare Animal Health) and Heska Corporation.Â
4) What are the drivers for the U.S. Veterinary Infusion Pumps Market?
– Pet ownership and bonding drive advancements in veterinary care, requiring advanced treatments and technologies like infusion pumps for optimal care in oncology, critical care, and surgery.
5) What are the restraints and challenges in the U.S. Veterinary Infusion Pumps Market?
– Veterinarian infusion pumps face challenges in manufacturing, purchasing, maintenance, regulatory compliance, and market competition, impacting adoption in small practices with limited resources.
6) What are the key applications and offerings of the U.S. Veterinary Infusion Pumps Market?
– Infusion pumps are essential in veterinary medicine for fluid therapy, medication administration, blood transfusions, nutritional support, chemotherapy, critical care, research, anesthesia support, pediatric and neonatal care, and home care.
7) Which region is expected to drive the market for the forecast period?
– Asia Pacific has the highest value share in the global market and is expected to dominate shares in forecast period.
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