Patient-controlled Analgesic Pumps Market (By Type: Electronic, Mechanical; By Application: Diabetes, Oncology, Gastroenterology, Hematology, Others; By End-use: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Home Care Settings) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Aug 2021 | No. of Pages : 150 + Pages | Category : Healthcare

The global Patient-controlled Analgesic Pumps market size is expected to be worth around US$ 600.5 Mn by 2030, according to a new report by Vision Research Reports.

The global Patient-controlled Analgesic Pumps market size was valued at US$ 302.4 Mn in 2020 and is anticipated to grow at a CAGR of 5.10% during forecast period 2021 to 2030.

Growth Factors

 Patient-controlled Analgesic (PCA) pumps offer several advantages including fewer post-operative complications, improved quality of recovery, less sedation, and minimal use of medication. Also, PCA pumps are useful among patients that have a problem in taking oral medications. Thus, the rising adoption of the medical device among patients that are unable to take oral medications is expected to drive the market. In addition, the growing trend of during the COVID-19 pandemic is also expected to propel market growth in the coming years.

Patient-controlled analgesic pumps have positive outcomes for the pediatric postsurgical population including increasing autonomy, simplifying pain relief in the postoperative period, and maintaining stable hemodynamics. Innovative PCA techniques such as PCRA, PCEA, and noninvasive forms of PCA have extended the options available for pain treatment and are estimated to have a positive impact on market growth. Advances in the pumps including variable-rate infusions that are calculated based on patient needs for analgesic along with improved patient monitoring are anticipated to enhance the use of such techniques during the forecast timeframe.

Report Highlights

 The electronic pumps segment dominated the market for patient-controlled analgesic pumps and accounted for the largest revenue share of 56.8% in 2020. An electronically patient-controlled analgesic pump uses a high-performance single-chip microcomputer and control circuit to effectively control the infusion flow rate.

Mechanical is the second-largest type segment with promising growth opportunities. Mechanical patient-controlled analgesic pumps have several advantages, leading to increasing preference among healthcare professionals and patients. Advantages of mechanical PCA pumps include small size, easy portability, low price, and no programming errors. Also, several studies have shown that mechanical analgesic pumps have fewer failures and high patient satisfaction, increasing their adoption rate.

The hospitals segment dominated the market for patient-controlled analgesic pumps and accounted for the largest revenue share of 31.10% in 2020. Patient-controlled analgesic therapy is most commonly used in hospital settings. Availability of most of the smart and advanced patient-controlled analgesic pumps in hospitals along with increasing demand for advanced PCA pumps in newly set up hospitals especially in developing countries is anticipated to fuel the growth of the market.

The home care settings segment is anticipated to exhibit the fastest CAGR over the forecast period. Pain-related hospitalization can be prevented, if opting for homecare settings, securing its market growth. Patient-controlled analgesic with Computerized Ambulatory Drug Delivery Device (CADD) can be used to manage pain in the home care setting. Individuals who are in hospice or have moderate to severe pain caused by cancer can use PCA pumps at home, augmenting the growth of the segment.

The oncology segment dominated the patient-controlled analgesic pumps market and accounted for the largest revenue share of 40.6% in 2020. PCA pumps control cancer pain by self-administration of intravenous opioids with the use of a programmable pump. Patient-controlled analgesic pumps are used at home by individuals that are suffering from moderate to severe pain from cancer. Thus, increasing usage of PCA pumps at home care settings for the treatment of diabetes is projected to enhance segmental growth.

The diabetes segment is likely to expand at a lucrative CAGR of 6.4% from 2021 to 2030. PCA pumps are useful in reducing pain among diabetic patients. The increasing prevalence of diabetes across the globe is expected to surge the demand for PCA pumps, fostering the growth of the segment. 

North America dominated the market for patient-controlled analgesic pumps and accounted for the largest revenue share of 40.0% in 2020. The region is expected to continue its dominance over the forecast period. Regionally, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Increasing cases of diabetes, cancer, accidental injuries, and other diseases related to pain management are expected to secure the growth of the market for patient-controlled analgesic pumps. The growing geriatric population base coupled with the rising benefits of patient-controlled analgesic pumps is also contributing to the region’s development.

Key Players

  • Baxter International Inc.

  • B. Braun Melsungen AG

  • Smiths Group plc

  • Fresenius SE & Co. KGaA

  • Becton, Dickinson and Company

  • ICU Medical

Market Segmentation

  • Type Outlook 

    • Electronic

    • Mechanical

  • Application Outlook 

    • Diabetes

    • Oncology

    • Gastroenterology

    • Hematology

    • Others

  • End-use Outlook 

    • Hospitals

    • Specialty Clinics

    • Ambulatory Surgical Centers

    • Home Care Settings

  • Regional Outlook 

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • South Korea

      • Australia

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

The Patient-controlled Analgesic Pumps market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Patient-controlled Analgesic Pumps market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Patient-controlled Analgesic Pumps market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Patient-controlled Analgesic Pumps market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Patient-controlled Analgesic Pumps market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Patient-controlled Analgesic Pumps capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Patient-controlled Analgesic Pumps by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Patient-controlled Analgesic Pumps market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Patient-controlled Analgesic Pumps market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Patient-controlled Analgesic Pumps market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Patient-controlled Analgesic Pumps industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Patient-controlled Analgesic Pumps market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Patient-controlled Analgesic Pumps market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Patient-controlled Analgesic Pumps market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Patient-controlled Analgesic Pumps market. These factors have benefited the growth of the global market for Patient-controlled Analgesic Pumps. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Patient-controlled Analgesic Pumps. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Patient-controlled Analgesic Pumps are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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