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Elastomer Infusion Pump Market Size, Share, Demand, Trends, Companies Analysis and Forecast 2023-2028
Elastomer Infusion Pump Market Report 2023-2028
How big is the elastomer infusion pump market?
The global elastomer infusion pump market size reached US$ 1.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.7 Billion by 2028, exhibiting a growth rate (CAGR) of 8.8% during 2023-2028.
What is elastomer infusion pump?
Elastomer infusion pumps refer to medical devices used to administer liquid drugs, including chemotherapy, antibiotics, fluorouracil (5FU), analgesics, anesthetics, etc., intravenously, depending on the therapy required. They contain balloon-like chambers that exert pressure to deliver drugs safely at a steady rate. Numerous manufacturers are offering products with high flow rate accuracy and minimal residual volume for complete drug administration and an inline filter to reduce the risk of air embolism and particle contamination. Presently, elastomer infusion pumps that are compact, disposable, portable, and lightweight are commonly available for residential purposes.
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Market Trends and Drivers:
The growing prevalence of cancer, on account of sedentary lifestyles and the increasing air pollution levels, is inflating the need for chemotherapy, which is primarily augmenting the elastomer infusion pump market. Furthermore, the expanding geriatric population is positively influencing the global market. Apart from this, the widespread adoption of disposable and single-infusion elastomeric pumps to minimize the risk of cross-contamination between patients and healthcare professionals is acting as another significant growth-inducing factor. Moreover, the rising popularity of orthopedic procedures and surgeries is bolstering the market growth.
Besides this, the escalating demand for home-based care is further catalyzing the global market. Additionally, the development of elastomer infusion pumps for post-operative pain management, extensive investments by key market players in R&D activities, and continuous improvements in the healthcare industry are also stimulating the market growth. In line with this, these devices help in reducing acute pain during radiation therapies, which is expected to fuel the elastomer infusion pump market in the coming years.
Elastomer Infusion Pump Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global elastomer infusion pump market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Avanos Medical Inc.
• Braun Melsungen AG
• Baxter International Inc.
• Daiken Medical Co. Ltd.
• Nipro Corporation
• O&M Halyard Inc
• Palex Medical S.A.
• Pfizer Inc. (Hospira Inc.)
• pfm medical ag.
• Samtronic Industria e Comercio LTDA
• Smiths Group plc.
• Woo Young Medical Co. Ltd
Key Market Segmentation:
The report has segmented the global elastomer infusion pump market on the basis of product, application, end user and region.
Breakup by Product:
• Continuous Rate Pumps
• Variable Rate Pumps
Breakup by Application:
• Pain Management
• Infection Management
• Chemotherapy
• Others
Breakup by End User:
• Hospitals and Clinics
• Ambulatory Care
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=4289&flag=C
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Read Also:
https://www.authortalking.com/transdermal-drug-delivery-systems-market-business-swot-analysis-and-forecast-to-2027
https://newsaboutindustry.hashnode.dev/thin-film-battery-market-demand-industry-size-manufacturers-and-forecast-2023-2028
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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