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Ventricular Infusion Pump Market Size, Share and Trends Analysis to 2031

11-17-2023 02:47 PM CET | Health & Medicine

Press release from: InsightAce Analytic Pvt. Ltd

Ventricular Infusion Pump Market Size, Share and Trends

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Ventricular Infusion Pump Market Size, Share & Trends Analysis Report By Application (Percutaneous ventricular Restoration, Surica ventricular Restoration), By End-user (Specialty Clinics, Hospitals, Ambulatory Surgical centers)- Market Outlook And Industry Analysis 2031"

The global ventricular infusion pump market is estimated to exhibit a CAGR of 6.41% during the forecast period.

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Infusion pumps are single-use pumps used to give medication to patients in a controlled manner. Chemotherapy/oncology, diabetes, gastrointestinal, analgesia/pain management, pediatrics/neonatology, hematology, and other applications are employed by diverse end-users such as hospitals, home healthcare, and others. The aging population and the increasing prevalence of cardiovascular disorders have increased the demand for heart pump systems. Heart pump devices have grown in importance as they aid the cardiovascular system. Depending on the kind of cardiovascular disease, many types of heart pump devices are available on the market.
Heart Pump Devices market expansion has been fueled by a rise in the frequency of heart transplants and a scarcity of organ donors. The presence of major key players, innovative technical development, and the launch of new products are projected to drive growth in the Heart Pump Device market.

List of Prominent Players in the Ventricular Infusion Pump Market:
• Abbott
• Bioventrix Inc
• Xeltis AG
• Neochord Inc
• CryoLife Inc
• Edwards Lifesciences Corp.
• CardioKinetics Inc
• On-X Life Technologies Inc
• valtec
• Medtronic

Market Dynamics:
Drivers-
Infusion pumps provide several benefits over manual fluid administration, including the ability to infuse fluids in extremely tiny dosages and at exact programmed rates. In many cases, such as cancer and diabetic diseases, these pumps are used to administer medication in order to maintain a steady drug level in the circulation. Insulin pumps are increasingly being used to treat type 1 diabetes. These patients require user-friendly self-controlled pumps to enable continuous medication administration. These factors are propelling the infusion pump market in various areas.

Challenges:
Pump production and incorporation requirements are becoming increasingly severe, slowing the clearance procedure for new devices. This aspect is expected to restrict market expansion. Furthermore, increased product recalls due to manufacturing faults are limiting market growth. Fresenius Kabi, for example, withdrew the Vigilant Agilia drug library and Volumat MC Agilia infusion pump in August 2019 due to infusion alarm, low priority keep vein open (KVO), and several software issues.

Regional Trends:
The North America Ventricular Infusion Pump Market is expected to report a major market share in the near future. The region's market is distinguished by increased diabetes diagnosis and treatment rates, as well as the widespread use of ambulatory pumps and favorable reimbursement regulations. Medical device technological advancements in North America are driving the region's growth. An expansion in the prevalence of chronic diseases such as cancer and diabetes, growing healthcare infrastructure, rising GDP, where disposable income is redundant, and growing awareness about the availability of advanced therapies in the Asia Pacific region are some of the factors expected to drive market growth in this region in the coming years. The market in Latin America, the Middle East, and Africa is still in its early stages.

Curious about this latest version of the report? @ https://www.insightaceanalytic.com/report/ventricular-infusion-pump-market/1783

Recent Developments:
• In December 2022, In India, Abbott introduced a novel minimally invasive device for treating heart valve disorders. The newly released Navitor TAVI system is the most recent addition to the company's cardiac trans-catheter portfolio, which provides less invasive solutions for treating heart problems.

Segmentation of Ventricular Infusion Pump Market-
By Application-
• Percutaneous ventricular Restoration
• Surica ventricular Restoration

By End-User-
• Specialty Clinics
• Hospitals
• Ambulatory Surgical centers

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis of key market insights in a timely and cost-effective manner.

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