Elastomeric Infusion Pumps Market Is Estimated To Witness High Growth Owing To Increasing Demand | B. Braun Melsungen AG, Fresenius Kabi, Leventon

The Elastomeric Infusion Pumps Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Global elastomeric infusion pumps market is estimated to be valued at US$ 1,067.8 million in 2023 and is expected to exhibit a CAGR of 9.2% during the forecast period (2023-2030)
Market Overview:

Elastomeric infusion pumps are portable, lightweight drug delivery devices used for continuous subcutaneous injection of medications. They are used for conditions like chronic pain, diabetes, ascites, and cancer pain management.

Market Dynamics:

Rising prevalence of chronic diseases and growing geriatric population are the key factors driving the growth of the elastomeric infusion pumps market. As per the Centers for Disease Control and Prevention (CDC), in 2020, around 60% of American adults suffered from at least one chronic disease such as heart disease, cancer, or diabetes. Furthermore, over 50 million Americans suffered from chronic pain in 2016, as per the National Center for Complementary and Integrative Health. Elastomeric infusion pumps offer advantages like self-administration of medication, lower cost compared to electronic pumps, and versatile use. Additionally, product launches with enhanced features by market players are also boosting the market growth. For instance, in October 2020, Baxter International launched Elastomeric Infusion System with FlowSmart Technology for personalized drug delivery.

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Some of the Top Players in Elastomeric Infusion Pumps Market:

B. Braun Melsungen AG, Fresenius Kabi, Leventon, S.A.U, Ambu A/S, Baxter International Inc., Halyard Health, and Nipro Corporation

Detailed Segmentation:

Global Elastomeric Infusion Pumps Market, By Product Type
Variable Rate Elastomeric Pumps
Continuous Rate Elastomeric Pumps

Global Elastomeric Infusion Pumps Market, By Treatment
Pain management
Antibiotic/Antiviral
Chemotherapy
Others

Global Elastomeric Infusion Pumps Market, By End User
Ambulatory Surgical Centers
Clinics
Home Care Settings
Hospitals
Others

Regional Analysis -

‣ North America (USA and Canada)
‣ Europe (UK, Germany, France and the rest of Europe)
‣ Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
‣ Latin America (Brazil, Mexico, and the rest of Latin America)
‣ Middle East and Africa (GCC and rest of the Middle East and Africa)

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Rising Incidence of Chronic Diseases

The increasing prevalence of chronic diseases across the globe is a major market driver for elastomeric infusion pumps. Chronic diseases such as cancer, diabetes, and cardiovascular diseases require long-term medication and treatment. Elastomeric infusion pumps provide a convenient way for continuous subcutaneous infusion of drugs required for the management of such chronic conditions. As per WHO, chronic diseases accounted for approximately 60% of total reported deaths in the year 2020. The increasing burden of chronic non-communicable diseases worldwide has boosted the demand for ambulatory elastomeric infusion pumps for continuous drug delivery.

Increasing Adoption of Ambulatory and Home Healthcare

Another key factor fueling the growth of the elastomeric infusion pumps market is the rising adoption of ambulatory and home healthcare. Elastomeric infusion pumps enable healthcare providers to shift treatment from hospitals to home, thereby reducing healthcare costs and improving patient convenience and comfort. Home healthcare is gaining prominence amid the ongoing Covid-19 pandemic as patients prefer receiving treatment from the safety and comfort of their homes. Elastomeric pumps are portable and allow patients to self-administer medications through continuous subcutaneous infusion at home with minimal supervision. This has increased their adoption across ambulatory and home healthcare settings.

Stringent Regulations Regarding Medical Device Development and Approval

Stringent regulations imposed by regulatory bodies like the USFDA for the development and approval of new and advanced medical devices pose a challenge for players in this market. Regulatory frameworks aim to ensure the safety and efficacy of medical devices. However, the lengthy and complex approval procedures increase costs and timelines for manufacturers. Especially for combination devices and devices integrated with novel drug delivery technologies, getting regulatory approvals is a lengthy and expensive process. This acts as a key restraint impeding innovation and market growth.

Increasing Popularity of Self-Medication

One of the major opportunities for players in the elastomeric infusion pumps market is the rising popularity of self-medication. With increasing healthcare costs and efforts to decentralize the healthcare system, self-administration of drugs is gaining prominence. Elastomeric pumps enable self-medication through continuous subcutaneous infusion of drugs at preset rates without any programming. This promotes patient autonomy and independence in medication administration. The growing trend of self-medication is expected to drive the demand for user-friendly elastomeric pumps among home care settings and ambulatory patients in the coming years. Manufacturers can tap into this opportunity by developing advanced yet easy-to-use portable pumps for self-administration of medications.

Questions Answered by the Report:

(1) Which are the dominant players of the Elastomeric Infusion Pumps Market?
(2) What will be the size of the Elastomeric Infusion Pumps Market in the coming years?
(3) Which segment will lead the Elastomeric Infusion Pumps Market?
(4) How will the market development trends change in the next five years?
(5) What is the nature of the competitive landscape of the Elastomeric Infusion Pumps Market?
(6) What are the go-to strategies adopted in the Elastomeric Infusion Pumps Market?

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Table of Contents

Chapter 1 Market Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Market Size Analysis from 2023 to 2030

Chapter 2 Competition by Types, Applications, and Top Regions and Countries
2.1 Market (Volume and Value) by Type
2.3 Market (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Worldwide Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Elastomeric Infusion Pumps Sales, Consumption, Export, Import by Regions (2023-2023)
Chapter 5 North America Market Analysis
Chapter 6 Europe Market Analysis
Chapter 7 Middle East and Africa Market Analysis
Chapter 8 Asia Pacific Market Analysis
Chapter 9 Latin America Market Analysis
Chapter 10 Company Profiles and Key Figures in Elastomeric Infusion Pumps Business
Chapter 11 Market Forecast (2023-2030)
Chapter 12 Conclusions

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