North America to Dominate Syringe Pump Market During Forecast Period

Growth in volume of surgical procedures across the globe to drive the growth of global syringe pump market

According to TechSci Research report, “Global Syringe Pump Market By Type (Infusion Pump v/s Withdrawal Pump), By Application (ICU, Cardiac Surgery Units, Pediatric Units, Operating Theatres, Others), By End User (Hospitals, Ambulatory Care Settings, Clinics, Others), By Region, Forecast & Opportunities, 2025”, the global syringe pump market is expected to grow at a formidable rate during the forecast period on account of the growing use of syringe pumps in treatment, diagnosis and research activities. Additionally, increasing awareness among the population pertaining to healthcare coupled with rapid adoption of electronic health records and smart pumps is further expected to create lucrative opportunities for the market growth during forecast period. Furthermore, advantages such as ease of use & operation, reliability, rapid start of infusion, wireless communication between pumps, rapid access to drug libraries, among others associated with syringe pump are anticipated to increase their demand over the next few years, thereby driving the market growth. Besides, syringe pumps can operate without connection to the mains since they are automatically supplied with batteries, which is very helpful during mains failure. Also, they ensure continuous infusion of fluids to the patient even during transportation. However, issues of electrical leakage to the patient might hamper the growth of market over next few years. Additionally, increasing adoption of refurbished syringe pumps is expected to slow down the market growth. Furthermore, lack of skilled professionals negatively impacts the market growth. Also, increasing cases of injuries to the patient or sometimes death due to air bubbles or other hazards might further restrict the market growth. Moreover, stringent regulatory process is further anticipated to impede market growth during the next five years.

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The global syringe pump market is segmented based on type, application, end user, company and region. Based on type, the market can be bifurcated into infusion pump and withdrawal pump. The infusion pump segment is expected to dominate the market owing to their widespread use for delivering small amount of fluids to the patients at high but controlled pressure. The withdrawal pump segment is also expected to witness significant growth over the next few years on account of their increasing use to remove fluids for pharmaceutical and other clinical testing applications. Based on application, the market can be categorized into ICU, cardiac surgery units, pediatric units, operating theatres and others. The ICU segment is expected to dominate the market during forecast years. The relay mode of syringe pump plays a pivotal role in ICUs. Critical patients in ICU often receive intravenous medications which cannot be interrupted at any point of time as this could affect their health. The relay mode feature allows two pumps with same medication to communicate with each other in a way that if medication from one pump gets over, the other one takes over. This allows uninterrupted administration of medicine and gives time to the ICU staff to reload the pump which has no medicine. Additionally, it prevents any chance of error in medication from both at the end of hospital staff and patient. Also, during transportation of patient these pumps can be carried along, thereby saving time and consumables.

Becton, Dickinson and Company, B. Braun Melsungen AG, Baxter International Inc., Fresenius Kabi, ICU Medical, Inc., Medtronic plc, Moog Inc., Smith’s Medical, Terumo Corporation, NIPRO Corporation, Avanos Medical, Inc., Tandem Diabetes Care, Inc., JMS Co., Ltd., Insulet Corporation, Roche Diagnostics, Zyno Medical, Teleflex, Inc., Mindray Medical International Limited, Micrel Medical Devices SA, Ypsomed Holding AG and others are some of the leading players operating in global syringe pump market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“North America is expected to dominate the syringe pump market during the forecast period, owing to the increasing use of syringe pumps for treating various chronic diseases in the region. Additionally, presence of large number of hospitals with commendable healthcare facilities is further expected to propel the market. Furthermore, technological advancements and innovations in the syringe pumps under the infusion pump segment, especially in the United States, is further anticipated to positively impact the growth of market through 2025. Besides, the presence of key market players in the region is expected to create lucrative opportunities for the market growth over next few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Syringe Pump Market By Type (Infusion Pump v/s Withdrawal Pump), By Application (ICU, Cardiac Surgery Units, Pediatric Units, Operating Theatres, Others), By End User (Hospitals, Ambulatory Care Settings, Clinics, Others), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global syringe pump 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 global syringe pump market.

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