PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1483148
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1483148
Global rapid infuser market is estimated to be valued at USD 796.9 Mn in 2024 and is expected to reach USD 1,109 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 796.9 Mn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 4.80% | 2031 Value Projection: | US$ 1,109 Mn |
Global rapid infuser market has been witnessing steady growth over the past few years due to increasing prevalence of trauma cases and rising number of surgical procedures that require rapid infusion of blood or fluid. Rapid infuser is a portable medical device that allows controlled and rapid infusion of blood/fluids into a patient. It helps to maintain adequate circulating volume in patients suffering from hypovolemic shock till definitive care is provided. Various types of rapid infusers are available in the market including mechanical rapid infusers and manual rapid infusion pumps. The key advantage of rapid infusers is that it helps healthcare professionals to resuscitate patients swiftly in emergency conditions.
Global rapid infuser market has been witnessing growth considerably over the past few years due to rising incidence of trauma injuries, hemorrhage cases, and casualties during disasters and conflicts. As per World Health Organization estimates, road accidents account for over 1.3 million casualties annually worldwide. Growing prevalence of such injuries has boosted need for rapid blood volume replacement during medical emergencies, fueling demand for rapid infusers. Moreover, increasing complexity of surgical procedures such as gastrointestinal, cardiovascular, and orthopedic surgeries has accelerated the market growth. Growing healthcare expenditure across both developed and developing nations is also supporting the market expansion. However, the high costs associated with rapid infusers may hinder their widespread adoption, especially in price-sensitive developing regions. The lack of awareness about these devices in some underdeveloped countries further restrain the market growth. Nevertheless, ongoing technological advancements to develop more efficient and affordable rapid infuser systems is expected to create significant growth opportunities for market players.
Detailed Segmentation-