
Report ID: SQMIG35A2679
Skyquest Technology's expert advisors have carried out comprehensive research on the elastomeric infusion pumps market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.
Elastomeric Infusion Pumps Market Drivers
Growing Chronic Illness Prevalence
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
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
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
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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Report ID: SQMIG35A2679
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