Patient-controlled Analgesic Pumps Market Size Worth $580.5 Million By 2028: Grand View Research, Inc.

SAN FRANCISCO, May 5, 2021 /PRNewswire/ -- The global patient-controlled analgesic pumps market size is expected to reach USD 580.5 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2021 to 2028. 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 home healthcare during the COVID-19 pandemic is also expected to propel market growth in the coming years.

Key suggestions from the report:

• North America accounted for the largest revenue share in 2020. Increased healthcare awareness among individuals about pain management is anticipated to fuel the regional growth
• By type, the electronic segment accounted for the largest revenue share in 2020 owing to several benefits offered by electronic PCA
• By application, the oncology segment accounted for the largest revenue share in 2020 owing to high usage of patient-controlled analgesic pumps in managing sustained cancer pain
• By application, the oncology segment accounted for the largest revenue share in 2020 owing to high usage of patient-controlled analgesic pumps in managing sustained cancer pain
• By application, the oncology segment accounted for the largest revenue share in 2020 owing to high usage of patient-controlled analgesic pumps in managing sustained cancer pain

Read 110 page research report with ToC on "Patient-controlled Analgesic Pumps Market Size, Share & Trends Analysis Report By Type (Electronic, Mechanical), By Application (Diabetes, Oncology, Gastroenterology, Hematology), By End-use, By Region, And Segment Forecasts, 2021 - 2028" at:  https://www.grandviewresearch.com/industry-analysis/patient-controlled-analgesic-pump-market

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.

Rising cases of chronic pain disorders including cancer, rheumatoid arthritis, and fibromyalgia are anticipated to boost the market growth. For instance, as per the CDC, in 2019 around 20.4% of adults had chronic pain. Chronic pain increases with age and is highest among adults aged 65 and above. Hence, the rising occurrence of chronic pain among adults is anticipated to create robust growth opportunities in the market.

Grand View Research has segmented the global patient-controlled analgesic pumps market based on type, application, end-use, and region:

• PCA Pump Type Outlook (Revenue, USD Million, 2016 - 2028)
• Electronic
• Mechanical
• PCA Pump Application Outlook (Revenue, USD Million, 2016 - 2028)
• Diabetes
• Oncology
• Gastroenterology
• Hematology
• Others
• PCA Pump End-use Outlook (Revenue, USD Million, 2016 - 2028)
• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
• Home Care Settings
• PCA Pump Regional Outlook (Revenue, USD Million, 2016 - 2028)
• 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

List of Key Players of Patient-controlled Analgesic (PCA) Pumps Market

• Baxter International Inc.
• B. Braun Melsungen AG
• Smiths Group plc
• Fresenius SE & Co. KGaA
• Becton, Dickinson and Company
• ICU Medical, Inc.

Find more research reports on  Medical Devices Industry, by Grand View Research:

• Intravenous Infusion Pump Market – The global intravenous infusion pumps market size is expected to reach USD 2.26 billion by 2027, registering a CAGR of 5.9% over the forecast period according to a new report by Grand View Research, Inc.
• Spinal Pumps Market – The global spinal pumps market is expected to reach USD 319.8 million by 2024, according to a new report by Grand View Research, Inc.
• U.S. Home Infusion Therapy Market – The U.S. home infusion therapy market size is expected to reach USD 17.8 billion by 2026, registering a CAGR of 4.9% during the forecast period, according to a new report by Grand View Research, Inc.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.