Veterinary Infusion Pumps Market Industry Through 2031
A veterinary infusion pumps is a system that can administer the drugs in several ways by bolus, drip, and volume. These pumps are the preferable method for controlling CRF administration, particularly when medicines with potent therapeutic effects or undesirable side effects are infused intravenously. It is used for intravenous drug infusion as well as for epidural, subcutaneous, enteral, and other access methods. These infusion pumps are useful for little puppies and kittens to administer the medications and fluids. Veterinary infusion pump also refers to an external medical device that is used for delivering fluids into an animal’s body in a controlled manner. It has a secure syringe change system, automatically locks the syringe, and determines its volume to provide a constant solution. The veterinary infusion pumps are available in large volume infusion pump and syringe infusion pump. Large volume infusion pump delivers large volume of fluid and medication to animals.
Factors that drive the veterinary infusion pumps market growth include an increase in demand for veterinary infusion pumps owing to surge in adoption of companion animals, and rise in animal health awareness. For instance, according to North American Pet Health Insurance Association, 67% of U.S. families owned a pet in 2019. In addition, rise in prevalence of animal diseases such as cancer, kidney related issues and others which requires prolonged hospitalization, in turn, increases the demand for veterinary infusion pumps in veterinary hospitals and clinics. Furthermore, rise in expenditure on pet is one of the prominent veterinary infusion pumps market trends. For instance, according to North American Pet Health Insurance Association, in 2021, basic annual expenditure for dogs and cats includes $458 for dog and $ 201 for cats in U.S. Additionally, according to the Insurance Information Institute, states that the total premium volume for pet insurance in the U.S. was nearly $2.6 billion in 2021. Thus, rise in pet insurance which increases the demand for veterinary infusion pumps, further boosts the market growth.
Access Full Summary https://www.alliedmarketresearch.com/veterinary-infusion-pumps-market-A14901
The veterinary infusion pumps market is driven by number of pets experiencing cancer which requires novel treatment and increases the demand for veterinary infusion pumps. In addition, major players are investing in development and commercialization of veterinary infusion pumps to decrease incidences of animal disorders fuel the growth of market. Moreover, it is anticipated that there will be a rise in innovations in veterinary infusion pumps. In contrast, lack of awareness regrading animal health among emerging regions may restrain the market growth.
The COVID-19 outbreak is anticipated to have a negative impact on growth of the veterinary infusion pumps industry. The lockdown led to disruption of manufacturing and transportation of essentials which are required for animals. Moreover, other factors responsible for the impact on the market include limited availability of medical care, shortage of animals care staff, and increase in burden of COVID-19 related hospitalization negatively impacted on market growth. In addition, less focus on animal health during pandemic which further decreases the demand for veterinary infusion pumps this has led to restrain the market growth.