USD 977.84 million
Elastomeric Infusion Pumps Market Size, Share, Growth Analysis, By Product(Continuous Rate Elastomeric Infusion Pumps, Variable Rate Elastomeric Infusion Pumps), By Application(Pain Management, Chemotherapy, Antibiotic/Antiviral Therapy, Others), By End-user(Hospitals, Ambulatory Surgical Centers, Others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2679 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
89
|Figures:
76
Elastomeric Infusion Pumps Market Insights
Elastomeric Infusion Pumps Market size was valued at USD 684.57 Million in 2023 and is poised to grow from USD 734.54 Million in 2024 to USD 1290.68 Million by 2032, growing at a CAGR of 7.30% during the forecast period (2025-2032).
The elastomeric infusion pumps market growth is considerably driven by the growing incidence of chronic diseases, including diabetes, cardiovascular diseases, and cancer. According to the World Health Organization (WHO), chronic diseases are responsible for 71% of all deaths, accounting for the number one cause of death in the world. To ensure that these diseases are appropriately treated and handled, more continuous medication delivery devices such as elastomeric pumps were thus sought after. One of the primary drivers for the elastomeric infusion pumps industry is the increasing requirement for home healthcare solutions. The mobility and ease of use of elastomeric pumps cater to the requirements of patients who prefer to take their prescriptions from the comfort of their homes. Increasing demand for long-term care for chronic illness among the aging population is responsible for this trend. To further boost market growth, manufacturers also focus on innovations in elastomeric infusion pump technology. Some of these innovations include increased accuracy, extended infusion time, developing pumps with better functionalities, and aesthetics. These innovations aim to meet the different needs of patients and health care professionals by improving the efficacy of elastomeric infusion pumps and making them more reliable and secure. For instance, using the pressure produced by an elastomeric balloon, infusion pumps that are made of elastomers could safely and accurately provide continuous infusions of analgesics, chemotherapy, and cardiology therapies without a source of power.
US Elastomeric Infusion Pumps Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Continuous Rate EIP
Fastest Growth
Variable Rate EIP
Growth Rate
9.2% CAGR
Global Elastomeric Infusion Pumps Market ($ Bn)
Country Share for North America (%)
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Elastomeric Infusion Pumps Market Segmental Analysis
Global Elastomeric Infusion Pumps Market is segmented by Product, Application, End Use, and region. Based on Product, the market is segmented into Continuous Rate Elastomeric Infusion Pumps, and Variable Rate Elastomeric Infusion Pumps. Based on function, the market is segmented into Pain Management, Chemotherapy, Antibiotic/Antiviral Therapy, and Others. Based on End Use, the market is segmented into Hospitals, Ambulatory Surgical Centers, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Product
Based on the 2023 elastomeric infusion pumps market analysis, the continuous rate EIPs dominated the market with revenue share at 59.3%. Pumps of these types are best used in treatments that require continuous and regulated drug delivery, such as pain management and antibiotic therapies, because they give a constant, controlled flow of medications. Their considerable market share was driven by ease of use and operational effectiveness, making them a favorite in various healthcare settings. For instance, Baxter International Inc. drove its position as an infusion therapy solution supplier a notch higher in April 2024 with the availability of new era elastomeric infusion pumps, which come with some enhanced hardness and easy access designs. Due to its strength and ease of utilization, constant rate pumps are widely used in both home healthcare settings and hospitals.
However, due to the ability to deliver drugs at various flow rates, the variable rate EIPs is the one exhibiting the fastest rate of market growth. They are ideal for uses such as pain management, chemotherapy, and antibiotic/antiviral therapies, where more complex or tailored infusion profiles are required, due to their flexibility. These pumps make it possible to have more accurate control over drug distribution, bringing significant advantages in terms of patient safety and therapeutic effectiveness. The market for variable rate elastomeric pumps is growing rapidly, largely due to the growing demand for personalized medication infusion systems that can be adapted according to individual needs. This trend is expected to continue as medical professionals seek more customized and streamlined treatment options.
Analysis By End Use
As per the 2023 elastomeric infusion pumps market forecast, with a market share of 43.5%, the hospitals segment is the most significant in the. It is because these pumps have a great demand and usage in different medical facilities such as cancer department, ICU, and surgical wards. With hospitals, there is a need for accurate and reliable medication delivery devices that can fulfill diverse patient demands: chemotherapy administration, post-surgical pain relief, and many more. Compared to conventional IV infusion techniques, elastomeric infusion pumps offer dependable drug administration, user-friendliness, and a lesser probability of medication errors, which makes them suitable for various applications.
Contrarily, the elastomeric infusion pumps market is growing at the fastest rate in the ambulatory surgical centers segment. The elastomeric pumps usage in ASCs is in line with the rising trend of minimally invasive surgery and outpatient surgery. After completing same-day surgeries, these pumps can deliver practical and inexpensive means of providing patients with continuous infusions of antibiotics and painkillers, hastening recovery and reducing hospital load. Utilization of elastomeric pumps for post-operative pain management resulted in higher patient satisfaction and reduced opioid intake. This suggests that elastomeric pumps can play an integral role in helping improve outcomes in ambulatory surgery centers. Data was released from the National Library of Medicine in 2023.
Global Elastomeric Infusion Pumps Market By Product
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Elastomeric Infusion Pumps Market Regional Insights
Factors driving the expansion of the elastomeric infusion pumps market in North America include an increased need for infusion pumps, especially elastomeric infusion pumps, which would arise from increased incidence of chronic diseases, such as diabetes, cancer, and cardiovascular diseases. There is further a growing demand for more portable and easier-to-use infusion systems as home healthcare services are increasing. Technological advancements in elastomeric pumps for the improvement in the comfort and accuracy of drug administration are expanding the market. Reimbursement policies in favor and a strong healthcare infrastructure are bolstering the growth for this market. In addition, with the aging population in North America, there is an increased demand for infusion pumps for managing chronic diseases.
However, the market is growing at the fastest rate in Asia-Pacific. The growing population, increased healthcare awareness, improving healthcare infrastructure, and rising investments in the health sector are some factors propelling this growth. The region is experiencing an upsurge in the incidence of chronic diseases such as cancer, which is driving the demand for effective drug delivery systems such as elastomeric infusion pumps. The Asia-Pacific region presents market players with significant opportunity as the changing medical needs of the population are being captured to gain healthcare market share.
Global Elastomeric Infusion Pumps Market By Geography
- Largest
- Fastest
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Elastomeric Infusion Pumps Market Dynamics
Elastomeric Infusion Pumps Market Drivers
Growing Chronic Illness Prevalence
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The increasing prevalence of chronic diseases such as diabetes, cancer, and cardiovascular diseases is the greatest driver for elastomeric infusion pumps. These pumps ensure definite and controlled medication administration to manage chronic diseases. As the patient population requiring continuous therapy grows, elastomeric pumps are turning out to be essential tools for achieving the timely administration of drugs and for enhancing the quality of care.
Rising Demand for Home Healthcare
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More and more elastomeric infusion pumps and other portable, easy-to-use medical equipment are becoming popular since more people prefer to get treatment at home. These pumps allow patients to have more flexible therapy options that are easier to administer anywhere except in a hospital setting. There is also a growing usage of elastomeric infusion pumps to provide drugs, due to the increased demand for home healthcare and its savings.
Elastomeric Infusion Pumps Market Restraints
High Cost of Devices
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The costliness of the elastomeric infusion pumps is the major constraint to spreading them throughout the market, especially for patients who do not have adequate insurance. The reasons are that these pumps and the accessories that go along with them can be costly. Low-income individuals cannot therefore afford them. In developing countries, the problem is even more daunting because of limited health resources. The cost factor is going to be a challenge to market penetration and will lower the total market growth.
Complexity of Training and Use
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Although infusion pumps made of elastomeric materials are quite versatile, patients and healthcare providers alike need adequate education to use them appropriately. Poor pharmaceutical delivery or control could lead to severe health issues. This critical educational need is a barrier to adoption, especially within home care, where patients may not have access to continuous professional guidance. However, the fact that patients and healthcare providers need to be adequately educated remains a barrier to general adoption.
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Elastomeric Infusion Pumps Market Competitive Landscape
Key competitors in the highly competitive elastomeric infusion pump market are Terumo Corporation, Smiths Medical, and Baxter International. These businesses focus on product diversification, technology upgrades, and expanding distribution networks to have an edge in the race. Companies are also investing in alliances and teamwork to raise their market share in developing countries and to cater to the ever-increasing demand for home healthcare solutions.
Elastomeric Infusion Pumps Market Top Player’s Company Profiles
- Baxter (US)
- Fresenius Kabi AG (Germany)
- B. Braun SE (Germany)
- Ambu A/S (Denmark)
- NIPRO (Japan)
- Terumo Corporation (Japan)
- AVNS (US)
- Vygon Group (France)
- Smiths Group plc (UK)
- ICU Medical, Inc. (US)
- Pajunk GmbH (Germany)
- Woo Young Medical Co., Ltd. (South Korea)
- Sapphire Medical (Israel)
- Ace Medical Co., Ltd. (South Korea)
- Eitan Medical (Israel)
- Zyno Medical (US)
- Epic Medical (Singapore)
- Nipro Corporation (Japan)
- Daiken Medical Co., Ltd. (Japan)
- Coopdech (Japan)
- Westmed, Inc. (US)
- Flowonix Medical Inc. (US)
Elastomeric Infusion Pumps Market Recent Developments
- A new elastomeric pump method was introduced by the East and North Hertfordshire NHS Trust in January 2024, which could enable nurses to deliver antibiotics for clients in less time with one visit a day while reducing the number of visits required from nurses.
- China's National Medical Product Administration has approved 221 medical device products in October 2023, consisting of one from Hong Kong, Macau, or Taiwan, 176 Class III domestically produced devices, 28 Class III imported products, and 16 Class II imported products. This variety of approved products indicates the growth potential of China's medical device market.
- ICU Medical bought the Smiths Medical Division, a subsidiary of Smiths Group Plc, in January 2022, to enhance its infusion treatment products line and enter new clinical care markets.
Elastomeric Infusion Pumps Key Market Trends
- Hybridizing Digital Health Solutions: There is a growing usage of elastomeric infusion pumps hyphenated with digital health solutions, encompassing such hybrid solutions as telemedicine platforms and smartphone apps. These hybrid solutions enhance the accuracy and efficiency of therapy through real-time monitoring and adjustment of infusions rates. Furthermore, remote monitoring increases patient safety by allowing medical professionals to monitor the infusion process and take rapid action if needed. Due to this trend, elastomeric pumps are becoming increasingly popular and increasingly applied in home care settings.
- Focus on Patient-Centric Designs: The push towards more patient-centric designs is the force behind innovation in elastomeric infusion pumps. Even in home care settings, manufacturers create gadgets that are not just useful but also user-friendly and comfortable for the patients to use. With these design enhancements, which include ergonomically designed devices, user-friendly interfaces, and enhanced mobility, patients are likely to manage their own treatments more effectively. This would lead to a greater tendency towards increased patient satisfaction and compliance, thereby further accelerating the expansion of the market.
Elastomeric Infusion Pumps Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the elastomeric infusion pumps market is expected to increase in tandem with the advancing number of chronic diseases and the need for self-administered medical care. These are essential elements of the treatment of chronic illnesses since they permit one to administer specific levels of medication under tight control. However, some major obstacles to its universal acceptance include the costly price of the devices and the need for special training for optimal use. The market is predicted to gain even more momentum provided patient preferences for at home care and the evolution of technology keep it flowing, especially on the front of cancer and chronic diseases.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 638 million |
| Market size value in 2031 | USD 1202.87 million |
| Growth Rate | 7.30% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Elastomeric Infusion Pumps Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Elastomeric Infusion Pumps Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Elastomeric Infusion Pumps Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Elastomeric Infusion Pumps Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Elastomeric Infusion Pumps Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Elastomeric Infusion Pumps Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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