Rapid Infuser Market
Number of pages: 100 | Report Format: PDF | Published date: May 03, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
|
Report Attribute |
Details |
|
Market Size Value in 2022 |
US$ 1.02 billion |
|
Revenue Forecast in 2031 |
US$ 1.48 billion |
|
CAGR |
4.3% |
|
Base Year for Estimation |
2022 |
|
Forecast Period |
2023 to 2031 |
|
Historical Year |
2021 |
|
Segments Covered |
Product, Usability, End User, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global rapid infuser market was valued at US$ 1.02 billion in 2022 and is expected to register a revenue CAGR of 4.3% to reach US$ 1.48 billion by 2031.
Rapid Infuser Market Fundamentals
Rapid infusers are medical devices that deliver large volumes of fluids or blood products to patients quickly and efficiently. They are typically used in emergencies such as trauma, surgery, or critical care where the need to replace lost fluids or blood volume rapidly is needed. Rapid infusers use a combination of pressure and heat to warm and deliver fluids or blood products at a high flow rate, often in excess of 1 liter per minute. The warming component of rapid infusers is important because cold fluids can cause hypothermia, which can be dangerous to patients, especially those in critical condition.
The research study on the rapid infuser market overview thoroughly analyzes the market and the aspects that either help or hinder the market's growth, such as its drivers, challenges, and opportunities. The research also discusses the list of businesses that operate in this market and their efforts to establish themselves as major players through expansion plans and innovative ideas. It also emphasizes current events that support the market's revenue expansion. The research also analyses how the COVID-19 pandemic has affected society.
This report is an important tool for the industry stakeholders to gather all the information about the market, customers, and competition. The report also provides the readers with valuable insights on the segmentation, regions, market size & forecast, revenue CAGRs, and other valuable data to help make informed strategic decisions. The study compiles information gathered from industry participants and specialists across the industry value chain. The report also taps into the qualitative and quantitative assessments by industry analysts. Our reports use different methods for estimating the market size and forecast, including secondary research, surveys and interviews, and statistical modeling. With these steps, our reports provide the most accurate market data. These datasets will cumulatively provide in-depth rapid infuser market forecast to the industry stakeholders.
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Rapid Infuser Market Dynamics
The rise in trauma cases is significantly growing the demand for rapid infusion devices that can quickly deliver fluids or blood products to patients in critical condition. According to the WHO, approximately 1.3 million people die yearly due to road traffic accidents, and between 20 and 30 million people suffer from non-fatal injuries in road accidents worldwide yearly. There is a rise in the incorporation of advanced and sophisticated features in rapid infusion devices. Closed-loop control is one such feature that is gaining prominence, as it helps to deliver fluids to patients with high accuracy and precision. This technology ensures that the right amount of fluids is delivered to the patient at the right time, improving the effectiveness and safety of the treatment.
The number of surgical procedures performed globally continuously increases the demand for rapid infusers. Rapid infusers are used during surgeries to deliver fluids and blood products to patients quickly, efficiently, and safely. The growing trend towards minimally invasive surgeries requires rapid infusion devices to deliver fluids and medications to patients, further driving rapid infuser market growth. However, rapid infusion of fluids and blood products can lead to complications such as hypervolemia, pulmonary edema, and heart failure, restricting the rapid infuser market growth. Rapid infusers are medical devices subject to regulatory oversight, and obtaining regulatory approvals can be a time-consuming and expensive process, which is also expected to hinder the rapid infuser market growth.
Rapid Infuser Market Ecosystem
Rapid Infuser Market, by Product
Rapid Infuser Market, by Usability
Rapid Infuser Market, by End User
Rapid Infuser Market by Product
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Trolley mounted devices are portable and can be easily moved around the hospital or medical facility, making them a popular choice for emergency medical services and critical care units. Trolley mounted devices often incorporate advanced features such as closed-loop control and automatic air removal, improving fluid delivery accuracy and safety. Trolley mounted devices are user-friendly and can be easily operated by healthcare providers, making them an ideal choice for busy medical settings. Trolley mounted devices can deliver fluids and blood products at higher flow rates than other rapid infusers, making them an essential tool for treating patients in critical condition. Trolley mounted devices can be used for a wide range of medical applications, from emergency trauma care to surgical procedures, making them a versatile choice for healthcare providers.
Segmentation of the market refers to the division of the industry into subgroups based on factors such as product, usability, end user, and region. Market segmentation data helps businesses to understand the preferences and unique needs of different customer groups and develop targeted sales strategies. This information also helps in identifying potential rapid infuser market growth opportunities.
Rapid Infuser Market by Region
There is a rise in the demand for rapid infuser devices in North America due to the rise in emergency cases. Rapid infusers are essential for stabilizing patients in critical condition and delivering fluids and blood products quickly and efficiently. The North American rapid infuser market is characterized by a high degree of technological advancement. The development of advanced technologies, such as pressure-based rapid infusers, has driven the demand for rapid infusers in the region. The number of surgeries performed in North America is increasing, which has led to a higher demand for rapid infusers. Rapid infusers are used during surgeries to deliver fluids and blood products quickly and efficiently. The aging population in North America is driving the demand for medical devices, including rapid infusers. Older adults are more likely to require emergency medical services and surgeries, often requiring rapid infusers.
Based on the regions, the global rapid infuser market is segmented into:
Regional demarcation of the industry will provide information on geographic pockets regarding rapid infuser market outlook, size, share, and growth rate. This data helps businesses evaluate the expansion potential into new regional markets, understand the competitive threats across different regions, and develop localized sales and expansion strategies.
Key Components of the Report
Rapid Infuser Market Competitive Landscape
Belmont Medical Technologies, 3M Company, Stryker Corporation, Smiths Medical, Inc., BD (Becton, Dickinson and Company), ZOLL Medical Corporation, Smisson-Cartledge Biomedical, Keewell Medical Technology Co., Ltd., Teleflex Incorporated, Biegler GmbH, and others.
The market competitive landscape is performed by collecting and analyzing information about the key competitors, the present industry trends, and market dynamics. It includes information collection and analysis on factors such as products, pricing, geographic outreach, customer demographics, marketing strategies, and recent developments. Competitive landscape assessment will help businesses identify the current prevalent or potential opportunities and threats, keeping in mind the rapid infuser industry trends.
Rapid Infuser Market Strategic Developments
Key Strengths of Our Report
Target Audience to Benefit from this Report.
Reasons to Buy this Report
Rapid infusers are medical devices that deliver large volumes of fluids or blood products to patients quickly and efficiently. They are typically used in emergencies such as trauma, surgery, or critical care where the need to replace lost fluids or blood volume rapidly is needed.
The rapid infuser market was valued at US$ 1.02 billion in 2022.
North America has the largest market share in terms of revenue during the forecast period from 2023 to 2031.
The rapid infuser is expected to register a revenue CAGR of 4.3% during the forecast period from 2023 to 2031.
The estimated size of the global rapid infuser market in 2031 is US$ 1.48 billion.
The complications related to the rapid infuser and stringent regulatory requirements are some of the restricting factors of the market.
The rising prevalence of traumatic accidents and rising advancement in technology are the major driving factors of the market.
The prominent global rapid infuser market players are Belmont Medical Technologies, 3M Company, Stryker Corporation, Smiths Medical, Inc., and BD (Becton, Dickinson and Company).
The trolley mounted devices segment dominated the rapid infuser market.
*Insights on financial performance are subject to the availability of information in the public domain