Elastomeric Infusion Pumps Market to Observe Substantial Growth on the Back of Rising Innovations in Medical Industry By 2027
SummaryThe market for elastomeric infusion pumps is anticipated to witness a substantially high CAGR during the forecast period, i.e., 2019-2027.
- Author Company: Research Nester
- Author Name: Jacob Dowling
- Author Website: https://www.researchnester.com/
Research Nester released a report titled “Global Elastomeric Infusion Pumps Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global elastomeric infusion pumps market in terms of market segmentation by product, by application, by route of administration, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Elastomeric infusion pumps create pressure through the elastomeric layer that ensure equal doses of drug delivery to the patient. These are single-use and disposable and do not require electricity or gravitation pull. The market for elastomeric infusion pumps is anticipated to witness a substantially high CAGR during the forecast period, i.e., 2019-2027. The market is segmented by product, by application, by route of administration, by end user and by region, out of which, the application segment is further segmented into pain management, infection management, chemotherapy and others. On the basis of this, the pain management segment is estimated to hold the largest share in the market on account of increasing use of anesthesia during surgical procedures that involve the use of elastomeric infusion pumps for drug delivery.
According to the National Cancer Institute, the number of new cases of cancer is estimated to rise to 23.6 million in the United States by 2030. The largest share in elastomeric infusion pumps market is anticipated to be held by the market in North America region. This can be attributed to the greater demand for portable infusion pumps as compared to other types of pumps in the region, mainly in the United States. The rising demand for user-friendly pumps that are easy and simple to use and ensure greater safety of the patients is further estimated to expand the market in this region. The market in Asia Pacific is anticipated to observe the highest growth rate during the forecast period on account of growing developments in the healthcare industry and infrastructure.
User-Friendly Nature of Elastomeric Infusion Pumps To Support the Market Growth
Elastomeric infusion pumps are easy-to-use by the patient as well as the healthcare provider, which gives the product added advantage over other infusion pumps. Further, these infusion pumps are cheaper, light-weight and small, which makes them highly desirable. These factors are estimated to raise the market growth during the forecast period. However, the stringent government policies for the approval of medical products and devices is estimated to hinder the market growth.
This report also provides the existing competitive scenario of some of the key players of the global elastomeric infusion pumps market which includes company profiling of B. Braun, Nipro, Baxter International (BAX), Avanos Medical (AVNX), Coopdech, Ambu, Woo Young Medical, Ace Medical, S&S Med and Leventon. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global elastomeric infusion pumps market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.