Elastomeric Infusion Pumps Market Size Estimated to Reach USD 3,038.9 Million by 2032, Growing at CAGR 10.9%

LOS ANGELES, Sept. 13, 2023 (GLOBE NEWSWIRE) -- The Global Elastomeric Infusion Pumps Market Size was valued at USD 1,102.5 Million in 2022 and is projected to attain USD 3,038.9 Million by 2032 mounting at a CAGR of 10.9% from 2023 to 2032.

The global elastomeric infusion pumps market is expected to exhibit steady growth during the forecast period, driven by the shift to home healthcare settings and advantages over electronic pumps. This analysis provides insights into market size, trends, drivers, challenges, regional outlook, and competitors. Elastomeric infusion pumps are medical devices designed for the controlled and gradual delivery of medications and fluids into a patient's body. These pumps consist of a flexible elastomeric balloon reservoir filled with medication or fluid, which is connected to an infusion set. As the balloon slowly contracts, it exerts gentle pressure, pushing the contents through the tubing and into the patient's bloodstream. Elastomeric pumps are commonly used for continuous and ambulatory drug administration, particularly for conditions requiring long-term therapy, such as pain management, chemotherapy, and antibiotics. Their simplicity, portability, and cost-effectiveness make them valuable tools in healthcare, ensuring precise dosing and patient comfort.

Elastomeric Infusion Pumps Market Stats and Highlights:

• Elastomeric Infusion Pumps Market size will reach USD 3,038.9 Million by the year 2032 from USD 1,102.5 Million in the year 2022, expanding at CAGR 10.9% during the forecast period.
• North America held the largest share exceeding 397.0 Million in the year 2022 owing to developed home healthcare infrastructure.
• The continuous rate elastomeric pumps account for over USD 606.30 million driven by convenience and low risk of nosocomial infections.
• Rising prevalence of chronic diseases requiring outpatient infusion therapy.
• Growing demand for disposable and ambulatory infusion pumps.
  

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Elastomeric Infusion Pumps Market Report Coverage:

Elastomeric Infusion Pumps Market Overview and Growth Factors:

The elastomeric infusion pumps market outlook remains positive due to the shift to home-based care, advantages like simplicity and affordability over electronic pumps, and increasing launch of disposable pumps. However, limitations in flow rate adjustments remain a constraint. Elastomeric infusion pumps are a type of medical device that is used to deliver medication or fluids into the body. They are often used in home-based care settings, as they are relatively simple to use and can be programmed to deliver a specific amount of medication over a set period of time. Elastomeric infusion pumps are also more affordable than electronic pumps, which can be a major advantage for patients who are paying for their own care. However, elastomeric infusion pumps do have some limitations. One limitation is that they are not as precise as electronic pumps, and they can be difficult to adjust the flow rate. This can be a problem for patients who need to receive medication at a very specific rate. Additionally, elastomeric infusion pumps are not as durable as electronic pumps, and they may need to be replaced more often.

Trends Influencing Elastomeric Infusion Pumps Market Growth:

• Integration of flow restrictors enabling controlled flow rate adjustments.
• Launch of prefilled disposable pumps minimizing setup errors and contamination risks.
• Growing adoption of single-use pumps to prevent nosocomial infections.
• Advancements in elastomeric materials enhancing shelf life and durability.
• Rising demand for disposable pumps with anti-free-flow mechanisms.
  

Major Growth Drivers:

• Shift from inpatient settings towards home-based infusion therapy.
• Cost-efficiency and reduced risk of electronic pump malfunctions.
• Ease of use enabling patient self-administration of infusions.
• Favorable reimbursement coverage especially in developed countries.
• Avoidance of programming errors and battery issues compared to electronic pumps.
  

Key Challenges:

• Lack of flow rate programmability in most disposable pumps.
• Possibility of adverse events and medication over-infusion accidents.
• Limited adoption in developing regions with underpenetrated home healthcare.
• Concerns regarding reduced administration precision compared to electronic pumps.
• Stringent regulatory approvals delaying new product launches.
  

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Segmentation Elastomeric Infusion Pumps Market:

Based on the Types

• Variable Rate Elastomeric Pump
• Continuous Rate Elastomeric Pump

Based on the Applications

• Antibiotic or Antiviral
• Chemotherapy
• Pain Management
• Other

Based on the End-Users

• Clinics
• Hospitals
• Ambulatory Service Centers
• Other

Regional Overview on Elastomeric Infusion Pumps Market:

The Elastomeric Infusion Pumps Market is experiencing substantial growth, primarily driven by the rising prevalence of chronic diseases worldwide. These pumps are crucial for delivering controlled medication doses over extended periods, ensuring patient convenience and adherence. North America and Europe dominate the market due to advanced healthcare infrastructure and a high incidence of chronic illnesses. Asia-Pacific is emerging as a lucrative market, driven by increasing healthcare expenditure and a growing aging population. Technological advancements, such as the development of smart elastomeric pumps with remote monitoring capabilities, are enhancing market growth. Key players like B. Braun Melsungen AG, Baxter International Inc., and Fresenius Kabi AG are continually innovating to expand their market presence. Overall, the Elastomeric Infusion Pumps Market is poised for steady growth due to the ongoing demand for efficient, patient-friendly drug delivery systems.

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Major Companies in the Elastomeric Infusion Pumps Market:

Baxter International Inc., B. Braun Melsungen, Smiths Medical, Fresenius Kabi, Terumo Corporation, Ambu A/S, Nipro Corporation, S&S Med, Wooyoung Medical Co. Ltd., Avanos Medical Inc., etc.

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