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