According to FutureWise analysis the market for Veterinary Infusion Pumps in 2023 is US$ 82.23 billion, and is expected to reach US$ 112.72 billion by 2031 at a CAGR of 4.00%.
A veterinary infusion pump delivers nutrient solutions over a prolonged period to seriously ill pets in a dosed manner. Veterinary infusion pumps are essential for monitoring and analyzing fluids in animals with a variety of clinical problems. Veterinary infusion pumps are medical devices used to administer fluids, nutrients, or medications to animals when oral administration of drugs is not possible. Devices like these can be used both in outpatient settings and at home. Pet and animal intravenous medication administration has been revolutionized by these pumps due to their advanced features, including bolus dosing, intermittent, pre-programming, and standby modes. A growing number of pet adoptions and rising remission rates across the globe are expected to drive growth in the veterinary infusion pumps market during the forecast period. In addition, the shift in lifestyles in emerging economies will create significant growth opportunities for the pet market. The devices are used across a variety of healthcare settings, such as inpatient, outpatient, and private clinics, as well as at home. Veterinary infusion pumps have revolutionized the administration of intravenous medications with features such as intermittent and preprogrammed dosing, bolus dosing, and standby mode. It is expected that the veterinary infusion pump market will grow as a result of the increasing prevalence of cancer and a rise in relapsed cancer rates among animals, as well as the increasing demand for approved novel immunotherapies and targeted therapies, which have been proven to be highly effective for treating pet cancer. A business Insider report found that almost half of the deaths of dogs every year were caused by disease. Proper medical equipment and devices could have prevented almost half of these deaths. Market growth is expected to be driven by this significant number. Many types of infusion pumps exist, such as large volume pumps, patient-controlled analgesia (PCA) pumps, elastomeric pumps, syringe pumps, enteral pumps, and insulin pumps. There are some devices that are designed primarily to be used at the bedside of a patient. Infusion pumps designed for wearables or portables are called ambulatory infusion pumps.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Veterinary Infusion Pumps Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Veterinary Infusion Pumps Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.