Global Intraosseous Infusion Devices Market: Overview
Intraosseous infusion refers to a very easy-to-learn, effective, and quick skill that helps in providing rapid vascular access for patients needing medications and fluids under certain circumstances. This process involves directly injecting into the bone marrow. Through the hard cortex of bones and into the interior of marrow, a needle is injected. Intraosseous infusion devices find use in emergency medical situations and are considered as emergency medical products that are meant to manage various life threatening conditions. These devices are usually utilized when there is no access to veins for making required infusion. With the rise in the number of emergency cases and increased need for urgent vascular access, the global intraosseous infusion devices market is likely to observe growth over the period of assessment.
In addition, these devices find increasing use in military medical facilities and medical emergencies arising thereof. Augmented demand for critical and emergency procedures coupled with an increasing rate of admission under critical and emergency unit is likely to work in favor of the global intraosseous infusion devices market in the years to come.
Product type, technology, route of administration, end user, and region are the five important market parameters based on which classification of the global intraosseous infusion devices market has been done. Such dissection of the market comes with the purpose to offer stakeholders with a detailed and clear analysis of the global intraosseous infusion devices market.
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Global Intraosseous Infusion Devices Market: Notable Developments
One of the developments that offer a glimpse of the market dynamics about the global intraosseous infusion devices market is mentioned below:
- In December 2017, US-based prominent medical technology company, Becton, Dickinson and Company, made an acquisition of C. R. Bard, Inc. The latter has been a specialist in the designing, developing, and marketing of medical technologies used in oncology, urology, surgical, and vascular fields. Post acquisition, the combined company is positioned well enough to better processes of care for the providers of healthcare services and also to offer improved treatment to the patients.
Some of the prominent organizations in the global intraosseous infusion devices market include the below-mentioned:
- Aero Healthcare
- Cook Medical Incorporated
- Becton Dickinson and Co.
- Pyng Medical Corp.
- Teleflex, Inc.
- PerSys Medical Company
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Global Intraosseous Infusion Devices Market: Key Trends
The global intraosseous infusion devices market is characterized by the presence of the following restraints, drivers, and opportunities.
Rise in Military Medical Emergencies to Widen Scope of Use of these Devices
The process of intraosseous infusion is recommended at the time of failure of peripheral venous access and for the purpose of cardiopulmonary resuscitation. This factor is expected to support growth of the global intraosseous infusion devices market over the period of assessment. In addition, growing concern for air medical emergency services and military medics by the medical device industry is likely to open up growth opportunities for the global intraosseous infusion devices market over the period of assessment.
Increased prevalence of cardiovascular diseases and increasing number of traumatic surgeries across various hospital settings is anticipated to trigger growth of the global intraosseous infusion devices market in the years to come. In military medical care facilities, Pyng Medical’s FAST1 Intraosseous infusion system is extensively utilized in cases of personal combat and military emergencies. This system is quite simple and is easy to use.
Global Intraosseous Infusion Devices Market: Geographical Analysis
In terms of geography, major shares of the global intraosseous infusion devices market are likely to be held by North America. High prevalence rate of cardiovascular diseases, various chronic diseases, emergency medical cases, and obesity contribute considerably toward the growth of the regional market. In addition, presence of several prominent market players together with their network in the region is likely to foster growth of the market in North America.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.