Elastomeric Infusion Pumps Market Size, Share, Growth Analysis, By Type(Continuous Rate Elastomeric Pump and Variable Rate Elastomeric Infusion Pump), By Application(Pain Management, Chemotherapy, Chelation Therapy, and Others), By End-user(Hospitals, Ambulatory Surgical Centers, and Others), By Region - Industry Forecast 2024-2031


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

Elastomeric Infusion Pumps Market Insights

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).

The global elastomeric infusion pump market is experiencing significant growth driven by several key factors. These include the rising number of orthopedic procedures and surgeries, increasing demand for compact disposable ambulatory elastomeric infusion pumps, advancements in technology leading to the introduction of innovative elastomeric infusion pumps, and the growing prevalence of cancer cases and chronic diseases.

The market is experiencing growth primarily due to the increasing prevalence of chronic diseases. For instance, recent data from the International Diabetes Federation Diabetes Atlas Tenth edition in December 2021 revealed that approximately 537 million adults worldwide were diagnosed with diabetes in 2021. This number is projected to reach 643 million by 2030 and 783 million by 2045.

Additionally, according to the World Health Organization (WHO), chronic diseases are expected to cause approximately 41 million deaths each year, accounting for 71% of all global deaths. In low- and middle-income countries, chronic disease-related deaths contribute to 77% of the total.

Furthermore, a study published in May 2022 titled 'Osteomyelitis' indicated that there are around 50,000 reported cases of osteomyelitis annually in the US. The incidence of osteomyelitis is higher in men compared to women and increases with age, which can be attributed to the growing prevalence of comorbid factors such as diabetes mellitus and peripheral vascular disease.

Consequently, the rising burden of chronic diseases among the population is expected to drive the demand for safe medication delivery through intravenous routes. This, in turn, is anticipated to increase the demand for elastomeric infusion pumps, thereby fostering market growth.

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

USD 977.84 million

Largest Segment

Continuous Rate Elastomeric pump

Fastest Growth

Growth Rate

9.2% CAGR

Global Elastomeric Infusion Pumps Market ($ Bn)
Country Share for North America Region (%)

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Elastomeric Infusion Pumps Market Segmental Analysis

The global elastomeric infusion pumps market is segmented on the basis of type, application, end-user, and region. The elastomeric infusion pumps market is segmented by product Type, continuous rate elastomeric pump and variable rate elastomeric infusion pump. By application, pain management, chemotherapy, chelation therapy, and others. By end-user, hospitals, ambulatory surgical centers, and others. By Geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East, and Africa, and South America.

Elastomeric Infusion Pumps Market Analysis By Type

Among these segments, the continuous rate elastomeric pump holds the largest market share and is the primary choice for various medical applications. The continuous rate elastomeric pump offers convenience and reliability, allowing patients to receive the required dosage over an extended period without the need for frequent pump replacements or manual adjustments.

On the other hand, the variable rate elastomeric infusion pump segment is the fastest-growing segment in the market. The flexibility and versatility offered by variable rate elastomeric infusion pumps make them suitable for treatments where dosage requirements may vary or require adjustments over time. The increasing demand for personalized patient care and the ability to adapt to individual treatment plans contribute to the rapid growth of this segment.

Elastomeric Infusion Pumps Market Analysis By Application

Among these segments, the largest segment in terms of market share is pain management. The pain management segment's dominance is attributed to the growing prevalence of chronic pain conditions, the rising aging population, and the increasing focus on improving pain management techniques.

On the other hand, the fastest-growing segment in the global elastomeric infusion pumps market is chemotherapy. The growing incidence of cancer worldwide, coupled with the demand for effective chemotherapy treatments, drives the rapid growth of the Chemotherapy segment in the market.

Global Elastomeric Infusion Pumps Market By type

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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.

Global Elastomeric Infusion Pumps Market By Geography
  • Largest
  • Fastest

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Elastomeric Infusion Pumps Market Dynamics

Elastomeric Infusion Pumps Market Drivers

Increasing Prevalence of Chronic Diseases

  • 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.
  • The global population is aging, leading to a higher prevalence of chronic diseases. Elderly individuals often require long-term medication management, creating a greater demand for elastomeric infusion pumps as a reliable and efficient drug delivery solution.

Elastomeric Infusion Pumps Market Restraints

Availability of Alternative Drug Delivery Systems

  • The market faces competition from alternative drug delivery systems, such as electronic infusion pumps and implantable pumps. These alternative options offer advanced features and more precise drug delivery, presenting challenges to the growth of elastomeric infusion pumps.
  • Elastomeric infusion pumps can be relatively expensive, especially for patients without insurance coverage or in regions with limited healthcare resources. The high cost of these devices can limit their adoption, particularly in developing economies or regions with constrained healthcare budgets.

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Elastomeric Infusion Pumps Market Competitive Landscape

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.

Elastomeric Infusion Pumps Market Top Player’s Company Profiles

  • 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 Recent Developments

  • In June 2022, Delta Med, an Italian company specializing in vascular access devices, announced its acquisition of Adria Med, a manufacturer of elastomeric infusion pumps. This strategic move is aimed at strengthening Delta Med's position in the infusion systems market by leveraging Adria Med's expertise and product portfolio.
  • In March 2022, Shanghai MicroPort Lifesciences Co., Ltd. achieved marketing approval from China's National Medical Products Administration (NMPA) for their newly developed AutoEx Chemotherapy Infusion Pump (AutoEx).

Elastomeric Infusion Pumps Key Market Trends

  • 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.

Elastomeric Infusion Pumps Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Deployment mode team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analyses, The elastomeric infusion pumps market is experiencing steady growth and is characterized by a moderately fragmented and competitive landscape. The global elastomeric infusion pumps market was witnessing ongoing technological advancements and product innovations. Manufacturers were focusing on developing pumps with enhanced features, improved accuracy, longer infusion durations, and user-friendly designs. Some advancements included better flow control mechanisms, integrated safety features, and customized solutions for specific medical treatments. These innovations aimed to address the varying needs of patients and healthcare providers, making elastomeric infusion pumps more efficient, reliable, and safe.

Report Metric Details
Market size value in 2023 USD 977.84 million
Market size value in 2031 USD 2159.09 million
Growth Rate 9.2%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Type
    • Continuous Rate Elastomeric Pump and Variable Rate Elastomeric Infusion Pump
  • Application
    • Pain Management, Chemotherapy, Chelation Therapy, and Others
  • End-user
    • Hospitals, Ambulatory Surgical Centers, and Others
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
  • 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)
Customization scope

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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
  • 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
  • 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
  • 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(%)

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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FAQs

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).

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)'

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.

In the 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.

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