Patient-controlled analgesia pumps market growth, also referred to as PCA is one of the methods that is used to control the amount of analgesia (pain medicine) that patients receive. There are various number of patient -controlled analgesia systems. In patient-controlled analgesia, the patient can control their pain.
With the use of a patient-controlled analgesia pump, this was accomplished. A PCA pump is a computerised device that is directly attached to the patient’s IV (intravenous) line and includes a syringe filled with painkillers as prescribed by a doctor.
In these circumstances, the PCA pump produces a steady but modest infusion of painkillers. The patient may give themselves extra dosages as needed. Patients who have had surgery frequently have patient-controlled analgesia (PCA) pumps attached to them. Safety safeguards for PCA pumps are integrated right into the machine. A safe upper limit is established for how much analgesic (painkiller) a patient can self-administer.
In its most recent analysis, Future Market Insights’ research report covers the market environment for patient-controlled analgesia pumps. The analytical research study examines a number of variables, including growth drivers, trends, opportunities, and problems. The examination of these variables offers a comprehensive research resource that can be utilised to make future plans.
The research report emphasises that although the global market for patient-controlled analgesia pumps experienced a slow growth rate between 2012 and 2016, this pace is anticipated to go up during the projected period due to improvements in medical technology and healthcare infrastructure.
The market for patient-controlled analgesia pumps is anticipated to increase at a rapid CAGR, rising from a value of roughly US$ 330 million in 2017 to a valuation of slightly more than US$ 500 million by the end of the assessment year.
Application of Patient-Controlled Analgesia Pumps in Chemo Therapy/Oncology to Drive the Growth of the Global Market
The chemo therapy/oncology segment in the application category is expected to grow at a significant rate and likely to show higher market value by the end of the year of assessment. This segment, in 2017 dominated the global market in terms of market share and is expected to continue with the dominating trend in the coming years.
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The chemo therapy/oncology segment is projected to grow at a high CAGR to reach a valuation higher than US$ 120 Mn by the end of the forecasted year (2026). The diabetes segment has also shows high potential for growth and is projected to be the fastest growing with a stellar CAGR throughout the period of assessment.
North America to Highly Contribute to the Revenue Share of the Global Market During the Forecast Period
The global patient-controlled analgesia pumps market is expected to soar through the regions of North America, Europe, Asia Pacific, Middle East and Africa and rest of the world. The North America region is the largest in terms of high strength and valuation.
The patient-controlled analgesia market in North America is estimated to reflect a value of more than US$ 180 Mn by 2026 end, this leading the global market. The APEJ region projected to grow at a high 9.6% CAGR during the forecast period.
Competitive Assessment
The research report on global patient-controlled analgesia pumps market covers analysis on key companies such as Smiths Group plc., Fresenius Kabi Group, Hospira (Pfizer Inc.), Micrel Medical Devices, Ace Medical Co. Ltd., Terumo Corporation, B.Braun Melsungen AG, Baxter International and Becton Dickinson and Company.
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Market Segmentation
Region:
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Product Type:
- PCA Pumps
- Pump Accessories
End User:
- Hospitals
- Ambulatory Surgical Centers
- Home care Settings
- Clinics
- Others
Application:
- Chemo Therapy/Oncology
- Pediatrics/Neonatology
- Gastroentrology
- Hematology
- Diabetes
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