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07-Nov-2024

Global Intraosseous Infusion Devices Market Set to Projected to Reach USD 8.6 Billion by 2033, Driven by Rising Demand for Life-Saving Emergency Care Solutions | FMI

“The escalating demand for swift and reliable vascular access solutions is fueling the growth of the intraosseous infusion devices market, which is forecasted to achieve a CAGR of 6.9% over the next decade.”

The global intraosseous infusion devices market is on a remarkable growth trajectory, with market valuation expected to nearly double from USD 4.4 billion in 2023 to USD 8.6 billion by 2033. A Compound Annual Growth Rate (CAGR) of 6.9%, highlighting the crucial role these devices play in life-saving healthcare interventions worldwide, underpins this robust expansion.

Intraosseous infusion devices are becoming indispensable in emergency medical settings, offering rapid and effective vascular access, particularly when traditional intravenous access is challenging or time-consuming. This surge in adoption reflects the growing demand for advanced emergency medical technologies, as well as a heightened focus on delivering quick, reliable access to medications and fluids in critical scenarios.

Intraosseous infusion devices are revolutionizing emergency care by providing rapid vascular access during trauma, cardiac arrest, or severe dehydration cases—situations where seconds can make a difference between life and death, As healthcare systems worldwide prioritize improved emergency response and the frequency of medical emergencies increases, the demand for intraosseous infusion solutions is expected to accelerate.

The market’s expansion is driven by several key factors, including advancements in healthcare technology and the growing adoption of intraosseous infusion devices in critical medical situations. As global healthcare infrastructures improve, these devices are being integrated into emergency protocols, enhancing patient outcomes and streamlining emergency response processes.

Stakeholders are actively investing in research and development, spurring continuous innovation in intraosseous infusion technology. This ongoing development is expected to unlock new growth opportunities, solidifying the role of intraosseous infusion devices as a cornerstone in modern healthcare’s emergency response toolkit.

The intraosseous infusion devices market’s rapid evolution underscores the healthcare sector’s commitment to efficient, life-saving care in emergency settings. As these solutions gain prominence, their indispensable role in emergency response is set to grow, shaping a more resilient, responsive global healthcare system.

Key Takeaways from Intraosseous Infusion Devices Market Study:

  • By product, EZ-IO holds the maximum share of 20% in the market in 2021, expanding at 6.4% CAGR during the forecast period.
  • By route of administration, the sternum segment will account for 30.8% of the market share in 2021, indicating the highest demand.
  • By technology, the automatic segment will account for more than 50.8% of the market share in 2021.
  • By end user, EMS centers and Hospitals together account for more than 60% of the market share in 2021.

“Increasing demand in improving standards of pre-hospital emergency care settings will boost the intraosseous infusion devices market over the decade. Growth will continue as market players focus on automation to improve the overall quality of devices,” says a FMI Analyst

Accelerated Market Demand: Find Comprehensive Insights and Trends in Our Full Report!

Who is winning?

Some of the leading companies operating in the intraosseous infusion device market are focusing on product launch, collaboration, and partnership strategies.

  • Cook Medical: Every medical profession we offer has two common threads: patients who want to be healthy and clinicians who desire more user-friendly tools. As a result, we devote significant resources to designing, manufacturing, and delivering a differentiated range of minimally invasive medical devices to healthcare systems worldwide.
  • Becton Dickinson and Company: With a product line that fulfils the needs of patients, we want to increase physician satisfaction while also assisting hospitals and surgery centres in improving results and lowering expenses. BD has refined surgical instruments and led to improved results for more than a century. with a substantial portfolio and a track record of supplying high-quality items

The key market players covered by FMI include:

  • Pyng Medical Corp.
  • Biopsybell
  • Cook Medical Incorporated
  • PAVmed
  • PerSys Medical
  • Aero Healthcare
  • Teleflex, Inc.
  • Becton Dickinson and Company
  • SAM Medical
  • Cardinal Health, Inc

Intraosseous Infusion Devices – Market by Category:

Product:

  • B.I.G
  • FAST1
  • EZ-IO
  • FASTR
  • IO Needles
  • Others

By Route of Administration:

  • Sternum
  • Distal & Proximal Tibia
  • Distal Femur
  • Calcaneus
  • Head of Humerus

By Technology:

  • Manual
  • Automatic
    • Impact Driven
    • Power Drill

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Last Updated: 07-Nov-2024