Seattle, WA -- (SBWIRE) -- 10/11/2019 -- The leading research firm Coherent Market Insights published a research report on "Veterinary Infusion Pump Market Size, Share Analysis and Forecast 2025" which serves with all-inclusive, highly-effective, and thoroughly analyzed information in a well-organized manner, based on actual facts, about the Veterinary Infusion Pump Market. The whole information from scratch to the financial and management level of the established industries associated with the Veterinary Infusion Pump Market at the global level is initially acquired by the dedicated team. The gathered data involves the information about the industry's establishment, market Size, Share, type and the form of products it manufactures, annual sales and revenue generation, the demand of the manufactured product in the market, marketing trends followed by the industry, and a lot more important information.
Veterinary infusion pump delivers medications and nutrients to patients who cannot administer the drugs orally. These devices has wide application in hospitals to administer drugs in a controlled rate as programmed by the healthcare professional. These pumps offer various advantages over manual administration of medications or any other fluids such as automated delivery of fluids in smaller volumes at preset intervals. High-risk medications for cancer can thus be safely delivered using veterinary infusion pumps. There are two types of veterinary infusion pumps are available in the market including volumetric pumps, and syringe pumps.
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The global veterinary infusion market is projected to witness significant growth over the forecast period, owing increased initiatives for prevention and control of pet cancer. For instance, Veterinary Cancer Society organizes one of the largest veterinary oncology meetings in the world, with the goal of bringing together veterinary oncology specialists from around the world to share new information that is obtained through research. Furthermore, Petco Foundation invests in adoption and medical care programs, spay and neuter services, pet cancer research and other initiatives. Petco and Blue Buffalo Foundations supported Penn Vet Cancer Care initiative, Shelter Canine Mammary Tumor Program, for shelter dogs.
Moreover, in January, 2018, Arizona State University was awarded a multi-year grant of US$ 6.4 Mn for Open the Philanthropy Project, as a support to canine clinical trial assessing the effectiveness of a multivalent, preventative cancer vaccine. The trial is expected to test the cancer-prevention efficacy of a Multi-Valent Frameshift Peptide (FSP) vaccine.
The pump failures can have high implications on vet's safety, as these are used for delivering high-risk medications. Thus, the lack of accuracy in delivering the correct volume and dose of fluid can hinder growth of the market. The software problems, alarm errors, and inappropriate user interface design can result in entering inappropriate data whose output leads to incorrect administration of active ingredient in to the vet leading to serious medical issues. Several such existing reported cases are expected to hinder the growth of global veterinary infusion pumps market.
Increasing incidence and remission rates of pet cancers is expected to foster growth of the veterinary infusion pump market
Increasing prevalence of cancer along with rise in relapsed cancer rates among animals, increasing demand for approved novel immunotherapies and targeted therapies, which are proved to be highly effective for the treatment of cancers in pets are some of the factors augmenting growth of the veterinary infusion pump market. According to the study by Fetch a Cure, 2015, dogs and cats have a higher incidence of tumors than humans, where dogs are 35 times more likely to develop skin cancer, four times more likely to develop breast tumors and eight times more likely to develop bone cancer than humans. According to the study by Animal Cancer Foundation, 2017, around 25% of all dogs are projected develop a tumor at some point in their life, which supports the increasing demand for veterinary infusion pumps in the near future.
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Consistent technological development also supports the growth of veterinary infusion pump market in the near future
Consistent development in the technology pertaining to veterinary infusion pumps are encountered for several times in the evolution of veterinary infusion. This has led to development of devices with extremely sophisticated and hassle-free drug delivery capabilities in terms of drug transfusion as well as control and monitoring the delivery of fluids in to the patients. In order to improve the performance and reliability, companies are focused towards the development of advanced infusion pumps that facilitates user friendly and portable devices to ease the utility and functioning associated with these pumps.
Moreover, the companies are now focusing towards developing pumps that are more efficient and accurate as compared to the existing pumps by indulging into research and development associated with smart infusion pumps as well enhancing the wireless connectivity with respect to operation of these pumps. For instance, BodyGuard 121 Twins for Vet consists of two independent channels that extend the therapeutic range of option. As the device allows user to set up fast high volume rapid infusions by mixing two different infusion solutions for an animal or by infusing to two different animals from one device.
Key players operating in veterinary infusion pumps market include B. Braun Melsungen AG, Heska Corporation, Q Core Medical Ltd., Burtons Medical Equipment Ltd., DRE Medical, Inc., Grady Medical, Promed Group Co., Ltd., and SAI Infusion Technologies.
Some Important TOC:
- Market Overview
- Global Veterinary Infusion Pump Market Landscape by Player
- Players Profiles
- Global Production, Revenue (Value), Price Trend by Type
- Market Analysis by Application
- Global Veterinary Infusion Pump Production, Consumption, Export, Import by Region (2012-2017)
- Production, Revenue (Value) by Region (2012-2017)
- Veterinary Infusion Pump Manufacturing Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Market Dynamics
- Global Veterinary Infusion Pump Market Forecast (2017-2025)
- Research Findings and Conclusion
Reasons to Buy:
- Establish comprehensive understanding of the pipeline activity across this Veterinary Infusion Pump to formulate effective R&D strategies
- Gather information of the emerging competitors having potentially lucrative portfolio in this space and create effective counter strategies to gain competitive advantage
- Plot corrective measures for pipeline projects by understanding the pipeline depth and focus of Veterinary Infusion Pump therapeutics
- Devise in licensing and out licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and scope
- Modify the therapeutic portfolio by identifying inactive projects and understanding the factors that might have halted their progress
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