High Success Rate of Devices Drives Global Intraosseous (IO) Devices Market
Published On : Jan 23, 2019 | Category : Healthcare
Intraosseous (IO) access has emerged as a valuable alternative. Intraosseous devices are mainly being used to transfer medications and fluids in emergency situations, when venous access is either unavailable or cannot be established quickly. From 2005 onwards, the American Heart Association (AHA) guidelines for emergency cardiovascular care and CPR have recommended an intraosseous device as a safe and effective alternative to I.V. administration of both fluids and medications.
The biggest USP of intraosseous devices driving their uptake is the fact that they can be set up under 90 seconds and are successful 95.0% time. This makes them crucial devices for critical care. This is mainly driving sales in the global intraosseous devices market.
Thrust on Developing Better Products Boosts Global Intraosseous Device Market
Continued product innovation is providing the biggest boost to the global intraosseous device market. Players are expending a lot of money into research and development of better products. As a result, new products, with value added features, are hitting the market every day. Those provide efficient and effective vascular access, thereby upping the chances positive outcomes and medical aid and care. Key players in the global intraosseous device market are not just developing improvised and upgraded products but also proactively seeking government approvals for the same. To that end, they are devoting attention to the safety and efficiency of the products. Such products also help in reducing staff training time.
The global intraosseous device market has been mainly buoyed by the devices use in pediatric resuscitation for years. Those for adult use has been available in the market only in the last one decade.
Demand for Manual Intraosseous Devices Drives Revenue Generation
So far, manual intraosseous devices generated most of the sales and revenues in the global intraosseous device market. This is because they are reliable, smaller in size, and lightweight, and thus can find usage in treating young pediatric patients. However, continued evolution of technology has made it possible to use it in adults as well. For instance, the automatic intraosseous devices allow easy and quick vascular access. It has even received a nod from the U.S.-based FDA and a CE mark. Though the uptake of automatic intraosseous devices is relatively less now, rising awareness about their benefits will eventually push up their sales. At the moment, it’s the semi-automatic intraosseous devices which are seeing higher demand. This is mainly because they are more user friendly than the manual devices and offer quicker and easier vascular access. Besides, those have a wide array of products – much larger than automatic and manual intraosseous devices.
Emergency Medical Services Centers Create Maximum Demand
Mainly driving demand in the global intraosseous device market is the emergency medical services (EMS) centers. The alarming increase in cases of trauma, road accidents, cardiac arrests, and other diseases is mainly driving demand in the market. Apart from that, increasing instances of diseases, particularly pediatric diseases and growth in the number of patients undergoing emergency treatments has been filliping the market too.