Intraosseous Infusion Devices Market Trends Increases Steadily in Emerging Countries by - 2028 | PerSys Medical, Aero Healthcare AU Pty Ltd, Teleflex Incorporated, PAVmed Inc.

Intraosseous Infusion Devices Market Is Expanding As Demand For Emergency Healthcare Continues To Increase Worldwide

Overview:

An intraosseous infusion device is a surgical instrument used to deliver liquid into bone marrow. These devices comprise a base, an upper frame, and an elongated needle. The base generally has a tubular shape with a flared lower portion and a flat, outer annular surface. The lower portion may have suture hooks on its outer periphery. The upper portion has a cylindrical outer surface and a cam surface defining a pair of oppositely disposed cam slots. The needle guide traverses below these cam slots.

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Market Dynamics:

The demand for emergency healthcare is increasing, which in turn in expected to drive growth of the global intraosseous infusion devices market over the forecast period. IO devices help to increase safety, efficiency and reduce need for unnecessary services and treatment time. Thus, demand for these devices increases with growth emergency healthcare demand. For instance, in July 2021, World Food Program (WFP) and World Health Organization (WHO) launched INITIATE2 a joint project on emergency healthcare facilities to promote awareness sharing and skill transfer for enhanced emergency response to health crises.

However, major factors such as risk of compartment syndrome, limited use of these devices in patients suffering from hypovolemic conditions and osteoporosis as well as availability of various alternatives are likely to hamper growth of the global intraosseous infusion devices market over the forecast period.

Impact of COVID-19:

The global economy was severely affected by the COVID-19 pandemic. The COVID-19 virus outbreak was first reported in Wuhan, China and it further spread across more than 200 countries. Following the virus outbreak many countries implemented stringent regulations all over the nation and closed down their borders to control spread of the virus. This severely affected various market operations including manufacturing and demand of products, supply chains and distribution channels, further impacting economic sectors. However, lockdown situation going back to normal is expected to support market growth.

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Key Takeaways:

• The global intraosseous infusion devices market is estimated to grow, with a CAGR of 5.3% over the forecast period due to increasing prevalence of chronic diseases such as cardiovascular disease, traumatic injury and obesity among others. For instance, according to the World Health Organization (WHO), cardiovascular disease caused 17.9 million deaths in 2019 accounting for 32% of all the worldwide deaths.

• North America is anticipated to witness robust growth in the global intraosseous infusion devices market over the forecast period. This is due to rise in demand for IO devices in the U.S. owing to growing emergency medical cases focusing on delivering instant and high quality care to patients in the region.

• Key players functioning in the global intraosseous infusion devices market are Medax SRL unipersonle, PerSys Medical, StarFish Product Engineering Inc., Aero Healthcare AU Pty Ltd, Cardinal Health, Inc., Teleflex Incorporated, Argon Medical Devices, Inc., PAVmed Inc., SAM Medical, BIOPSYBELL S.R.L., Cook Group, and Becton Dickinson Company.

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This release was published on openPR.