Patient Controlled Analgesia Pumps Market is Estimated to Reach USD 370.96 Million by 2030: Cognitive Market Research

Patient Controlled Analgesia Pumps Market Overview:
Patient-controlled analgesia pumps are a type of medical device, which is used to deliver medications including pain relief into a patient's body at intervals in correct dosages. These pumps are attached to an intravenous line which is a flexible, small tube inserted into a vein. Patient-controlled analgesia pumps are administered when the button is pressed and deliver controlled amounts of medication into the patient's body. In addition, these pumps are a role in medical or therapeutic treatment and are used in healthcare such as private clinics, patients, at-home settings, and outpatients.

Summary:
• As per the study of CMR, The Global Patient Controlled Analgesia Pumps Market size was valued at USD 281.81 Million in 2022 and is expected to grow at a CAGR Of 3.57 % during the forecast period, reaching USD 370.96 Million by 2030.
• Based on type, the electronic and wireless segment has the largest revenue share in the patient-controlled analgesia pump market.
• Based on application, the oncology and hematology segment has the major revenue share in the patient-controlled analgesia pump market.
• Based on end-user, the other segment has the largest market share in the patient-controlled analgesia pump market.
• North America has the largest revenue share in the patient-controlled analgesia pump market.

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Market Dynamics:
Patient-Controlled Analgesia Pumps Market Drivers:
The growing number of surgeries, cases of chronic pain diseases, and advancements in analgesic pump technology are key factors expected to drive the growth of the patient-controlled analgesia pump market. In addition, the rising prevalence of chronic diseases, healthcare infrastructure, and unmet healthcare needs is expected to drive the growth of the patient-controlled analgesia pump market.

Patient-Controlled Analgesia Pumps Market Opportunities:
Increasing promotional activities by manufacturers and early diagnosis among the general population create growth opportunities for the global patient-controlled analgesia pump market. In addition, increasing advancements in technology in analgesic pumps such as increasing demand for infusion and wireless connectivity pumps for pain management projected to create growth opportunities for the target market in the forecast period.

Patient-Controlled Analgesia Pumps Market Restraints:
The absence of awareness about analgesia pumps and strict government regulations for medical devices are anticipated to hamper the growth of the patient-controlled analgesia pump market.

Market Segmentation:
Type:
• Mechanical
• Electronic and Wireless
Based on type, the electronic and wireless segment has the largest revenue share in the patient-controlled analgesia pump market. This is due to rising advanced features in the electronic patient-controlled analgesia pump projected to drive the growth of this segment.

Application:
• Oncology
• Gastroenterology
• Hematology
• Diabetes
• Others
Based on application, the oncology and hematology segment has the major revenue share in the patient-controlled analgesia pump market. This is owing to increasing research and development activities in hematology and oncology for analgesia pumps likely to boost the growth of this segment.

End-user:
• Ambulatory surgical centers
• Hospitals
• Others
Based on end-user, the other segment has the largest market share in the patient-controlled analgesia pump market. This is attributed to the increasing number of cancer treatment centers and home care situations. In addition, the available extensive range of choices of treatment in developing countries is expected to drive the growth of the patient-controlled analgesia pump market.

Competitive Analysis of Patient Controlled Analgesia Pumps Market: Smiths Group, Fresenius Kabi Group, Hospira Pfizer Inc., Micrel Medical Devices, Ace Medical Co. Ltd., Terumo Corporation, B.Braun Melsungen AG, Baxter International, Becton Dickinson and Company

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Regional Analysis:
North America accounted for the largest share of the patient-controlled analgesia pump market
North America has the largest revenue share in the patient-controlled analgesia pump market. This is owing to the presence of various key players and well-established healthcare infrastructure in the region. In addition, increasing purchasing power and advancement in manufacturing technology of patient-controlled analgesia pumps are anticipated to drive the growth of the patient-controlled analgesia pump market in the region.

Patient-Controlled Analgesia Pumps Market Industry News:
ICU Medical has completed the acquisition of Smiths Medical
In September 2021, ICU Medical has announced the acquisition of Smiths Medical to expand its product portfolio. The Smiths Medical business such as ambulatory infusion devices and syringes, vital care products, and vascular access.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Patient Controlled Analgesia Pumps Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Patient Controlled Analgesia Pumps Market Segmentation
1.5.1 Patient Controlled Analgesia Pumps Market Regional Fragmentation
1.5.1 Patient Controlled Analgesia Pumps Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Patient Controlled Analgesia Pumps Market
• 3.1 Global Patient Controlled Analgesia Pumps Market Size 2018 - 2030, (USD Million)
• 3.2 Global Patient Controlled Analgesia Pumps Value, Absolute & Opportunity Analysis
• 3.3 Global Patient Controlled Analgesia Pumps Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Patient Controlled Analgesia Pumps Market Statistics 2022: Snapshot
Chapter 4 Global Patient Controlled Analgesia Pumps Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Patient Controlled Analgesia Pumps Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Patient Controlled Analgesia Pumps Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Patient Controlled Analgesia Pumps Market by End-user Segmentation Analysis (2018-2030)
Chapter 12 Global Patient Controlled Analgesia Pumps Market Regional Analysis
Chapter 13 North America Patient Controlled Analgesia Pumps Market Outlook (2018 - 2030)
Chapter 14 Europe Patient Controlled Analgesia Pumps Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Patient Controlled Analgesia Pumps Market Outlook (2018 - 2030)
Chapter 16 Latin America Patient Controlled Analgesia Pumps Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Patient Controlled Analgesia Pumps Market Outlook (2018 - 2030)
Chapter 18 Research Findings
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Related Report:
• Analgesics Market- https://www.cognitivemarketresearch.com/analgesics-market-report
• Analgesics Infusion Pump Market- https://www.cognitivemarketresearch.com/analgesic-infusion-pumps-market-report
• Patient Apparel Market- https://www.cognitivemarketresearch.com/patient-apparel-market-report
• Patient Access Solutions Market- https://www.cognitivemarketresearch.com/patient-access-solutions-market-report

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