The global rapid infuser market is slated to expand at a CAGR of 4.6% amid 2020 to 2030. As demand for effective treatment options for hypothermia and excessive blood loss in operative settings and trauma grows, implementation of novel techniques, comprising rapid infusers is foreseeing growth.
"Increasing number of surgical procedures and increased risk of hypovolemia and hypothermia is fueling the global rapid infusers market. These are widely reflected as vital intervention in life-threatening ailments for instance sepsis, thus are gaining traction amid the forecast period." says an FMI analyst.
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Key Highlights
- North America to remain dominant in the global market as the region is home to leading market players.
- Trolley mounted devices is anticipated to witness increased demand, capturing 70% of the overall market.
- Reusable rapid infusers will be foreseeing high demand due to cost benefits to healthcare facilities.
- Hospitals to account for more than 60% of the overall market throughout the forecast period.
Drivers
- Growing use of hypothermia in cases of blood loss or trauma during surgery, is boosting demand for rapid infuser.
- Significant demand for blood, plasma, & crystalloid fluids, furthers massive transfusion application, thus paving way for market growth.
- Surge in ambulatory healthcare facilities is anticipated to generate prospects in the market
Restraints
- Higher cost associated with the conventional rapid infusion devices is a key concern hampering the adoption.
- Slow implementation of rapid infusion devices in hospitals, particularly in emerging nations and rural areas due to poor awareness, impacts market prospects.
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COVID-19 Impact on the Market
The market demand for rapid infuser has been marginally impacted due to disruptions of component and raw material supplies caused by lockdown and trade restrictions. Nonetheless, the essential nature of the products, makes the sector chiefly exempted from government restrictions. Demand is unlikely to change considerably even in the post-pandemic duration since applications in ICUs, gynecology, and urology continues to remain unchanged.
Competitive Landscape
Key rapid infuser companies active in the moderately consolidated market are majorly engaged in research & development strategies to broaden their product portfolios. Companies are further seeking strategic acquisitions & mergers to bolster capacity expansion and geographic presence.
Key companies identified in the global market are GE Healthcare Inc., 3M, Stryker Corp., Smith's Group Plc, ZOLL Medical Corp., Teleflex Inc., Becton, Belmont Instrument Corporation, Dickinson and Company, 410 Medical, Soma Technology Inc., and Smisson-Catledge Biomedical.
The global rapid infusers market has relatively less impacted by the COVID-19 pandemic, with a new report by Future Market Insights (FMI) estimating market revenues to grow at 4.5% through 2030.
While growing focus on advanced and novel care is driving growth, high cost, combined with concerns about efficacy continue to limit adoption.Key TakeawaysMarket revenues will surpass USD 817 million, with anaesthesia, and emergency healthcare applications being the primary driving factorsHospitals will remain the leading end users, while ASCs are also likely to reflect steady growth on the back of growing adoption in outpatient medical procedures.Trolley mounted offerings continue to witness market preference, owing to portability and ease of use in hospital settings, accounting for ~70% of market share.North America followed by Europe, are leading regional markets for rapid infusers, supported by the massive investments into the healthcare sector, and easier access to new hospital and emergency care technologies.“The global market for rapid infusers is driven by growing number of surgical procedures and high risk of hypothermia and hypovolemia.
These issues are major influencers in terms of market development through the forecast period,” said a lead analyst from FMI.Get Report Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6716 Covid-19 Impact on Rapid Infusers MarketThe COVID-19 pandemic is expected to marginally impact the rapid infusers market.
The demand for reusable rapid infusers is likely to fall in favor of single-use alternatives, owing to concerns over viral transmission.Potential disruptions of raw material and component supplies due to lockdown and trade restrictions are concerns.
Demand is unlikely to change substantially even in the post-pandemic period as applications in urology, gynecology, and ICUs continue unabated.Who is Winning?In a new report, Future Market Insights has provided comprehensive details on essential business strategies that find roles in the rapid infusers market.
Market leaders in the industry have been emphasizing on the expansion of their portfolios with efforts on product research.
Tea Infuser Bottle allows the tea leaves to impart their flavor into the water.
These bottles comes in various size and styles and uses tea bags as a tool for infusion.
These are tends to be more convenient than efficient for brewing the best flavor.
These are easy-to-carry and provides good capacity to carry plenty of water with an infuser in it.
The growing preference for convenient beverage infusing solution will drive the market growth throughout the forecast period.
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