Intraosseous Devices Market - Know the Latest Profit Sources of the Industry

Intraosseous Devices Market Outlook 2031

The global intraosseous devices market was valued at US$ 448.7 Mn in 2021

The global market is projected to grow at a CAGR of 5.6% from 2022 to 2031

The global intraosseous devices market is anticipated to reach more than US$ 778.9 Mn by the end of 2031

Intraosseous Devices Market Introduction

Medical professionals and trained staff are required to use intraosseous devices as a reliable backup when intravenous access is not possible. Intravenous access in children is challenging and slow. Hence, intraosseous route has emerged as the preferred route in pediatric resuscitation. The device is easily inserted into the medullary space of bone, and the flow of intravenous fluid into the device indicates accurate positioning. Manual needles were the first intraosseous devices to be introduced, which are still extensively used by several practitioners.

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Several different manual intraosseous needles are commercially available in the market. Recent developments in the intraosseous devices market suggest that manufacturers are investing significantly in research and development activities in order to introduce effective products that increase the efficiency of the therapeutic process. The global intraosseous devices market is driven by improvements in needle tips, new needle assembly, and catheter improvements. Cutting-edge designs and usage of premium materials are also propelling the global intraosseous devices market.

Value-added Features Fueling Global Intraosseous Devices Market

Value-added features offered by intraosseous devices in order to provide effective and efficient vascular access, resulting in positive outcomes and medical aid and care, are expected to drive the global intraosseous device market size in the near future. Intraosseous devices are used to provide effective and quick treatment in different medical situations, particularly emergencies. Medical professionals and trained personnel must use intraosseous devices as an effective alternative when intravenous access is not possible. Companies are strengthening their research & developmental activities and expanding their product lines in order to offer value-added features for the future market demand for intraosseous devices.

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Increase in Number of Trauma Cases, Emergency Resuscitation, and Cardiac Arrests

Rise in prevalence of trauma cases, emergency resuscitation, and cardiac arrests has increased the patient pool requiring intraosseous access across the world, resulting in high demand for intraosseous devices. According to Heart Disease and Stroke Statistics - 2017 Update by American Heart Association, more than 350,000 out-of-hospital cardiac arrests (OHCA) are reported in the U.S. annually; around 90% of these result in death. Furthermore, in 2015, the annual incidence of EMS-assessed non-traumatic OHCA stood at around 356,500. Moreover, 7,037 children suffer OHCA each year.

User-friendly and Quicker & Easier Vascular Access Bolstering Semi-automatic Intraosseous Devices Segment

In terms of type, the global intraosseous devices market has been classified into manual, semi-automatic, and automatic. Semi-automatic intraosseous devices are more user-friendly than manual devices, and also provide quicker and easier vascular access. Penetration of semi-automatic devices is higher than automatic intraosseous devices. Semi-automatic intraosseous devices provide a wider range of products as compared to manual and automatic intraosseous devices. Demand for semi-automatic devices has increased owing to the availability of more options in the market.

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Rise in Emergency Medical Situations Driving Emergency Medical Services Segment

Based on end-user, the global intraosseous market has been classified into hospitals, emergency medical services, and military. The emergency medical services (EMS) segment held the largest share of the global intraosseous devices market in 2021. The segment is expected to grow at a rapid pace during the forecast period. Rise in number of road accidents, trauma cases, cardiac arrests, and other disorders is projected to increase the number of emergency medical situations. This, in turn, is anticipated to augment the EMS segment. High prevalence of diseases, particularly pediatric diseases, and surge in the patient population undergoing emergency situations lead to an increase in the usage of intraosseous devices to provide emergency medical services (EMS).

Regional Outlook of Global Intraosseous Devices Market

North America was a highly attractive market for intraosseous devices in 2021. The market in the region is projected to grow at a high CAGR during the forecast period. Highest incidence and prevalence of emergency medical cases and presence of key players in the U.S. are the major factors propelling the intraosseous devices market in the region.

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The intraosseous devices market in Europe is expected to grow at a moderate pace during the forecast period. The market in the region is driven by rise in incidence of medical emergency cases and increase in geriatric population. The European Resuscitation Council (ERC) recommends intraosseous access devices during CPR if peripheral vein access is not immediately available. Intraosseous access is a widely accepted method of gaining venous access during a critically ill child's cardiopulmonary resuscitation (CPR).

The market in Asia Pacific is expected to experience notable growth during the forecast period. Increase in access to health care services through non-profit organizations in collaboration with governments, rapid introduction of advanced technological systems in developing countries, and rise in frequency of emergency medical situations are driving the intraosseous devices market in the region. Growth in prevalence of traffic accidents, trauma cases, and other medical emergencies is propelling the intraosseous devices market in Latin America.

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Analysis of Key Players in Global Intraosseous Devices Market

The global intraosseous devices market is fragmented, with the presence of many large-scale players. Key players operating in the global intraosseous devices market are Aero Healthcare AU Pty Ltd., Becton, Dickinson and Company (BD), Biopsybell, Cook, PAVmed, Inc., PERSYS MEDICAL, and Teleflex Incorporated. These players are adopting growth strategies such as new product development, product launches, product approval, agreement, partnerships, and mergers.

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