Intraosseous Devices Market to Witness Growth Acceleration during 2020 – 2020 – PERSYS MEDICAL, Cook, BD

 Intraosseous devices are majorly used to deliver or administer medication and fluids in emergency cases then the venous access is not easily accessible or is unavailable, or also in cases when it cannot be re-established. Even though intraosseous devices are extensively used in the pediatric resuscitation for long years, it has only been used for the adults since past 10 years only. For use in the pediatric resuscitation, the obvious benefit of the intraosseous devices is that it is much quick and also less costly as compared to the central line insertion. Moreover, there are fewer complications with the intraosseous lines in comparison to the central lines. All the medications that can be delivered through central line can also be much easily given from the intraosseous lines. Also the blood can be drawn and sent to the laboratory study in the same way as the IV access.

Intraosseous Devices market was estimated to be over US$ 365 Mn in 2018. It is anticipated to grow at a CAGR of 5.0% from 2019 to 2030.

Rapid rise globally in number of trauma cases, cardiac arrest instances, ageing population, focus on research and development activities, chronic diseases that lead to emergency situations, and the general rise in public health awareness are factors that have boosted the Intraosseous device market. These factors also offer a promising opportunity to the key players in this market to provide solutions for easy, quick and effective modes of vascular access. Value added features proffered by the intraosseous devices are encouraging physicians globally for adopting intraosseous devices. Increase in the instances of emergency situations has prompted the key players in this market to work towards launching intraosseous devices that are technologically advanced, user friendly, have value added features. Increasing approvals by the regulatory bodies, mergers and acquisitions of key players, and a developing product pipeline are anticipated to augment the global intraosseous devices market.

Major Key Players of the Intraosseous Devices Market are:
Teleflex Incorporated, PERSYS MEDICAL, Cook, BD, and Biopsybell, among others.

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