Balloon Infusers Market To Grow At A Staggering Rate Of 9% Between 2021-2031

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Balloon Infusers Market
Report Id PMRREP32517 Category Life Science
Healthcare
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Balloon Infusers Market To Grow At A Staggering
Rate Of 9 Between 2021-2031

• According to a new report published by
  Persistence Market Research, the global balloon
  infusers market valued at US 905.7 Mn in 2020,
  and is predicted to surge at a CAGR close to
  9 over the forecast period (20212031).
• The caregiving model across the world is changing
  toward evidence-backed systems for better
  tracking of capital flow, patient progress, and
  reducing duration of hospital stay. One of the
  most important requirements of evidence-backed
  treatment is found in acute pain service (APS).
• Balloon infusers, being lightweight and most
  economical in nature, are witnessing greater
  adoption in hospitals and home care settings.
  These are easy to operate and can be controlled
  by patients and licensed caregivers. These are
  preferred over electronic pumps as they can
  deliver fluids at precise volumes, frequencies,
  and intervals.
• Leading pharmaceutical companies are focused on
  manufacturing user-friendly balloon infusers with
  regulators and flow sensors for the precise
  measurement of drug delivery rates. In addition,
  some players, as part of their strategy to gain a
  larger market share, are launching balloon
  infusers with added features.

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Key Takeaways from Market Study

• Continuous rate balloon infusers are expected to
  contribute around 70 revenue share in the market
  by 2031.
• Among all applications, the pain management
  segment is expected to expand at a CAGR of 10 by
  2031. However, chemotherapy is also expected to
  be the next leading segment, as cancer is one of
  the leading chronic diseases, and is expected to
  hold 1/3 market share.
• Among all the end users, the hospitals segment
  accounted for more than 40 market share in 2020.
• North America holds the highest share in the
  global balloon infusers market, while East Asia
  is the next leading region, due to various
  technological advancements in the balloon
  infusers.
• The U.S. holds a big portion of global revenue
  and accounts for around 90 share in the North
  American market.
• Increasing number of chronic diseases, rising
  adoption of balloon infusers, ongoing COVID-19
  pandemic, and technologically advanced products
  are factors expected to drive market growth over
  the coming years, says an analyst of Persistence
  Market Research.

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