What is the global market size of Elastomeric Infusion Pumps Market?

Elastomeric Infusion Pumps Market size was valued at USD 977.84 million in 2021 and is poised to grow from USD 1067.8 million in 2022 to USD 2159.09 million by 2030, at a CAGR of 9.2 % during the forecast period (2023-2030).

Who are the key vendors in the Global Elastomeric Infusion Pumps Market?

The elastomeric infusion systems market exhibits a moderate level of fragmentation and competitiveness. Market players are actively engaged in strategies such as new product launches, collaborations, and innovations to strengthen their market presence and increase their share. These industry participants continually strive to introduce advanced solutions, forge strategic partnerships, and drive innovation, positioning themselves to capture a larger market share in the dynamic elastomeric infusion systems market. 'Baxter International Inc. (US)', 'B. Braun Melsungen AG (Germany)', 'Avanos Medical, Inc. (US)', 'Nipro Corporation (Japan)', 'Leventon S.A.U (Spain)', 'Fresenius Kabi AG (Germany)', 'Terumo Corporation (Japan)', 'Smiths Medical (UK)', 'CME Medical (United Kingdom)', 'Vygon Group (France)', 'Q Core Medical Ltd. (Israel)', 'Woo Young Medical Co., Ltd. (South Korea)', 'Romsons Group of Industries (India)', 'Halyard Health, Inc. (US)', 'Sooil Development Co., Ltd. (South Korea)', 'Micrel Medical Devices SA (Switzerland)', 'Coopdech (China)', 'Polymedicure Ltd. (India)', 'Shanghai Kindly Medical Instruments Co., Ltd. (China)', 'Coloplast Group (Denmark)'

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 2024-2031

Report ID: SQMIG35A2679 | Region: Global | Published Date: October, 2024
Pages: 157 | Tables: 89 | Figures: 76

Elastomeric Infusion Pumps Market Regional Insights

In the global elastomeric infusion pumps market, regional insights reveal a dynamic landscape driven by various factors across different regions. North America emerges as the largest market segment, primarily due to the region's advanced healthcare infrastructure, high healthcare expenditure, and a strong focus on technological advancements. The increasing prevalence of chronic diseases, rising demand for pain management solutions, and extensive adoption of elastomeric infusion pumps contribute to the dominance of North America in the market.

On the other hand, the Asia-Pacific region showcases the fastest-growing segment in the global elastomeric infusion pumps market. This growth is fueled by factors such as the growing population, rising healthcare awareness, improving healthcare infrastructure, and increasing investments in the healthcare sector. Moreover, the region is witnessing a rising incidence of chronic diseases, including cancer, driving the demand for effective drug delivery systems such as elastomeric infusion pumps. The Asia-Pacific region holds immense potential for market players as they tap into the expanding healthcare market and cater to the evolving medical needs of the population.

Elastomeric Infusion Pumps Market Report Snapshots

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Global Elastomeric Infusion Pumps Market size was valued at USD 638 million in 2022 and is poised to grow from USD 684.57 million in 2023 to USD 1202.87 million by 2031, growing at a CAGR of 7.30% during the forecast period (2024-2031).

The elastomeric infusion systems market exhibits a moderate level of fragmentation and competitiveness. Market players are actively engaged in strategies such as new product launches, collaborations, and innovations to strengthen their market presence and increase their share. These industry participants continually strive to introduce advanced solutions, forge strategic partnerships, and drive innovation, positioning themselves to capture a larger market share in the dynamic elastomeric infusion systems market. '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)'

The rising incidence of chronic diseases, such as diabetes, cancer, and cardiovascular disorders, is a significant driver for the elastomeric infusion pumps market. These pumps provide a reliable and convenient method of delivering medications for long-term management of chronic conditions.

There was a growing trend towards home healthcare and ambulatory care, driven by factors such as the rising elderly population, preference for cost-effective treatment options, and advancements in medical technology. Elastomeric infusion pumps were being increasingly utilized in homecare settings due to their ease of use, portability, and ability to provide continuous infusion of medications without the need for electronic programming. This trend allowed patients to receive treatment outside of traditional healthcare facilities, promoting patient comfort and reducing the burden on healthcare facilities.

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Elastomeric Infusion Pumps Market Regional Insights

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What is the global market size of Elastomeric Infusion Pumps Market?

Who are the key vendors in the Elastomeric Infusion Pumps Market?

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Which region accounted for the largest share in Elastomeric Infusion Pumps Market?

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