Overview
The global smart syringe pump market is projected to experience significant growth, with a high CAGR expected during the forecast period from 2024 to 2031.
Smart syringe pumps are utilized for administering intravenous treatments to patients. These devices are commonly used in hospitals to accurately control and deliver pharmaceutical doses.
Their ability to be programmed for automated operation reduces the need for constant monitoring, allowing healthcare professionals to administer treatments with a lower risk of infection transmission
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Market Growth Trends
Increasing advantages of smart syringe pumps drive market growth
The increasing prevalence of chronic diseases such as diabetes and cancer is expected to drive market growth during the forecast period. According to a 2022 article published in the International Journal of Innovative Research in Technology, one of the key requirements for treatments needing precise flow control is the regulated delivery of fluids, including nutrients and medications, into a patient's body.
Manual methods of liquid medication administration by nurses or hospital staff can lead to fluctuations, which automated systems like smart syringe pumps help mitigate.
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Market is segmented
By Product: Consumables, Systems
By Application: Microdialysis, Organ/Tissue perfusion, Fluid circulation, Drug delivery, Sedative administration, Others
By Distribution Channel: Analytical Labs, Pharmaceutical Companies, Others
By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
Market Key Players
- Cardinal Health
- Baxter Healthcare Corporation
- Hospira Inc.
- Braun Melsungen
- Sigma International
- Terumo Europe NV
- Becton, Dickinson and Company
- Medtronic
- Smiths Group
- Unilife Corporation
- Revolutions Medical Corporation
- Retractable Technologies
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