Intraosseous Devices Market 2020-2026 | Global Industry Analysis By Business Insights
Intraosseous Devices Market 2020 Global Industry Analysis to 2026 is latest report on "Global Intraosseous Devices Market", published by Fortune Business Insights. According to report Intraosseous Devices Market to rise at healthy CAGR and Reach remarkable value by 2026. Report segments market for Intraosseous Devices by Device Type(Manual Semi-automated, Automated), By Location (Sternum, Distal Femur, Distal & Proximal Tibia, Calcaneus, Head of Humerus, Non-viral vectors), By Age Group (Adults, Pediatrics), By End User(Hospital, Emergency Medicine, Ambulatory Surgical Centers, Specialty Clinics, Trauma Centers Geography Forecast till 2026
Some of the major companies that are present in the global intraosseous devices market are PerSys Medical, Cook, Pyng Medical, Teleflex Incorporated, Aero Healthcare AU Pty Ltd., Becton, Dickinson and Company, PAVmed Inc., and other players
Global Intraosseous Devices Market Highlights:
The acceptance of intraosseous infusion devices among patients and medical practitioners, owing to numerous benefits during emergencies is predicted to drive the intraosseous devices market. In addition, rising per capita income and growing inclination towards spending on advanced treatment is likely to fuel demand for intraosseous infusion devices in the forthcoming year.
The intraosseous infusion devices are utilized at the time of venous access failure for cardiopulmonary resuscitation. The rising incidence of life-threatening diseases and traumatic injuries and subsequently rising demand for immediate fluid resuscitation are some of the factors that are expected to favor the growth of the global intraosseous infusion market over the forecast period. The use of FASTTactical, a new device launched specially for military and hospital critical care teams, is likely to support the global introsseous market. The escalating number of traumatic surgeries in medical centers and rising prevalence of cardiovascular disorders are predicted to further boost the market growth.
Nevertheless, the complexity associated with the use of intraosseous devices such as extravasation of fluids and medications into the soft tissue and fractures may lead to osteomyelitis, which is predicted to inhibit the growth in intraosseous devices market.
Intraosseous Devices Market Segment Analysis:
Intraosseous Devices Market Size, Share and Global Trend by Technology (Mobile Health Technology, Health Information Technology, Wearables Technology, Telehealth Technology), By Deployment Mode (Software, Service, Hardware), By Modality (Wired, Wireless) By End User (Clinics, Hospitals, Ambulatory Surgery Centres, Home Care Settings), and Regional Forecast till 2026.
Intraosseous Devices Market Regional Insights:
The global intraosseous devices market can be segmented into Latin America, Europe, North America, Asia Pacific, and the Middle East & Africa in terms of region. North America is likely to dominate the global intraosseous devices market during the projected period owing to the stringent guidelines implemented by American Heart Association (AHA) and other organizations, besides product launch. For instance, in 2019, PAVmed Inc. announced that PortIO Intraosseous Infusion System, an implantable intraosseous device under investigation, achieved maintenance-free successful implant period of around 60 days in pre-clinical animal testing. The expected marketing clearance of the product by the FDA is anticipated to accelerate growth rate of the global intraosseous devices market in North America. In Europe and the Asia Pacific, the intraosseous devices market is estimated to expand in the forecast duration owing to the rising number of cardiac diseases and emergency visits to hospitals.
Intraosseous Devices Market Growth And Restraints Analysis:
Tactical Combat Casualty Care (TCCC) Will Exhibit The Highest Demand For Intraosseous Devices
Primarily, intraosseous devices were used in pediatric emergencies needing urgent vascular access. In 2005, the American Heart Association (AHA) and the European Resuscitation Council (ERC) approved the use intraosseous infusion devices for the treatment of cardiac arrest in adults, and even during emergencies specially when there is no availability of IV access. United States of America Army committee along with Tactical Combat Causality Care (TCCC) supports and recommends the use of intraosseous infusion devices in any resuscitation case in which IV access is not attainable. The use of manual needles introduced the first intraosseous infusion device, which is still comprehensively employed by several medical practitioners. The intraosseous needles are commercially available with several different manuals. Rapid incidence of various diseases and emergency cases, such as trauma, cardiac arrest, and rising military activities have fueled the demand for intraosseous devices. These factors are likely to aid in the expansion of global intraosseous devices market in the forthcoming year. In addition, Investment in research and development by key companies is also predicted to drive the intraosseous device market.
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