Elastomeric Infusion Pumps Market is expected to grow at a CAGR of 10.1% during the forecasted period | Evolve Business Intelligence

Key Highlights:
• The global Elastomeric Infusion Pumps Market size was valued at USD 800.1 million in 2023 growing at a CAGR of 10.1% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Elastomeric Infusion Pumps Market size accounted for USD 800.1 Million in 2023, growing at a CAGR of 10.1% from 2023 to 2033. Elastomeric infusion pumps are medical devices designed to deliver a controlled amount of medication to a patient over a specified period. These pumps use an elastomeric membrane to create a constant pressure on the medication reservoir, pushing the medication through the infusion set and into the patient's body. Elastomeric infusion pumps are often used for ambulatory and home infusion therapies.

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The rising prevalence of chronic diseases, such as cancer, diabetes, and cardiovascular conditions, has led to an increased demand for continuous and controlled drug delivery systems. Elastomeric infusion pumps offer a convenient and efficient way to administer medications for extended periods. The aging population often requires long-term medical treatments, and elastomeric infusion pumps provide a suitable solution for delivering medications in a controlled manner over an extended period, improving patient compliance and convenience. Elastomeric infusion pumps have advantages over traditional infusion methods, such as gravity-based systems. They offer a more precise and controlled drug delivery, reducing the risk of under or overmedication. There is a global trend toward home healthcare, driven by both patient preference and cost-effectiveness. Elastomeric infusion pumps allow patients to receive necessary treatments in the comfort of their homes, promoting a more patient-centric approach to healthcare.

Key Players
Some of the major Elastomeric Infusion pump market players holding high market shares include B. Braun Melsungen AG, Fresenius Kabi, Leventon, S.A.U. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Ambu A/S, Baxter International Inc., Halyard Health, and Nipro Corporation

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Segmental Analysis
Based on product type, the Elastomeric Infusion Pumps market is segmented into Variable Rate Elastomeric Pumps and Continuous Rate Elastomeric Pumps. Continuous-rate elastomeric pumps are the largest segment of the elastomeric infusion pumps market. This is due to their simplicity, ease of use, and cost-effectiveness. Continuous-rate elastomeric pumps deliver medication at a constant rate, making them ideal for applications where a consistent flow of medication is required, such as pain management, chemotherapy, and antibiotic therapy.
Based on treatment, the Elastomeric Infusion Pumps market is Pain management, Antibiotic/Antiviral, Chemotherapy, and Others. Pain management is the largest application for elastomeric infusion pumps. This is due to the increasing prevalence of chronic pain conditions such as cancer pain, neuropathic pain, and musculoskeletal pain. Elastomeric infusion pumps are an effective and convenient way to deliver pain medication directly to the patient, providing long-lasting pain relief without the need for frequent injections.
Based on End Use, the Elastomeric Infusion Pumps market is Ambulatory Surgical Centers, Clinics, Home Care Settings, Hospitals, and Others. Ambulatory surgical centers (ASCs) are the largest end-use setting for elastomeric infusion pumps. This is due to the growing trend of outpatient surgery, as well as the increasing use of elastomeric infusion pumps in ASCs for pain management, antibiotic therapy, and other applications. ASCs appreciate the portability and ease of use of elastomeric infusion pumps, which allow patients to be discharged home more quickly and safely.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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