About Elastomer Infusion Pump
Elastomer infusion pumps are disposable medical devices used for the administration of liquid drugs such as analgesics, antibiotics, chemotherapy medications, etc. The rise in adoption of elastomeric pumps is attributed to driving factors such as growth in demand for disposable ambulatory pumps, rising preference for long-term home healthcare, growing hospitalization rates, and evolving reimbursement policies. Elastomer infusion pumps are used to administer drugs in a controlled manner into the patient’s body. This has projected the growth of the global Elastomer infusion pump market in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.1% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Elastomer Infusion Pump market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
B Braun Melsungen Ag (Germany), BD (United States), Terumo Corporation (Japan), Avanos Corporate (United States), Tandem Diabetes Care Inc. (United States), JMS Co. Ltd. (Japan), Baxter International Inc. (United States), Nipro Medical Corporation (United States), Palex Medical SA (Spain) and Pfizer Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Halyard Health (United States), Heka Healthcare (Italy), Pfm Medical Ag (Germany), PROMECON GmbH (Germany) and Insulet Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Elastomer Infusion Pump market by Type (Continuous Rate Pumps and Variable Rate Pumps), Application (Pain Management, Infection Management, Chemotherapy and Others) and Region.
On the basis of geography, the market of Elastomer Infusion Pump has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Elastomer Infusion Pump market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals and Clinics will boost the Elastomer Infusion Pump market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increases the Demand for Elastomeric Pumps for Post-Operative Pain Management
Market Growth Drivers:
Rise In Burden On Hospitals To Reduce Healthcare Costs, Development of Novel Elastomer Infusion Pumps and User-Friendly Nature of Elastomer Infusion Pumps
Challenges:
Stringent Medical Regulations and Tax Policies
Restraints:
Poor Demand In Under Developed Countries
Opportunities:
Increasing Adoption and Growing Demand for Small Disposable Ambulatory Pumps
Market Leaders and their expansionary development strategies
In February 2020, LTR Medical has entered an exclusive distribution agreement with Woo Young Medical to distribute their new generation of elastomeric infusion technologies into the Australian market.
In November 2023, The U.S. Food and Drug Administration (FDA) and had identified the recall of B. Braun Medical Inc's medicine-delivering pump system as most serious. The Pennsylvania-based company had recalled some models of its Infusomat Space Volumetric infusion pump system in September due to faulty occlusion alarms, which may cause the pump to stop the delivery of medications pre-emptively or cause interruption.
Key Target Audience
Elastomer Infusion Pump Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.