Global Elastomeric infusion system Market Outlook 2021: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

The elastomeric infusion system market is mostly driven by an increase in adoption, growing demand for small disposable infusion pumps, and its wide range of applications in various fluid drug delivery systems. An increase in the number of surgeries as a result of an increased rate of hospitalization ultimately increases the demand for elastomeric pumps for postoperative pain management conditions. An elastomeric infusion pump system offers several advantages over electronic pumps, including portability, feasible demonstration, low weight, size, ease of use, and less interference with sleep. The difficulties in the detection of delivery rate accuracy and abnormal drug delivery are restraining factors for the growth of the market. Market growth is expected to expand at a CAGR of 6.7% from 2019 to 2028.

Top Driver:

Robust Demand for Legal Expert and Security Systems with Global Elastomeric infusion system Market
The growth of the global elastomeric infusion pump market is chiefly driven by rising adoption and growing demand for small disposable ambulatory pumps due to its long-term homecare rehabilitation program. Another prominent growth driver is the increasing number of surgeries as a result of the increasing rate of hospitalization, which ultimately increases the demand for elastomeric pumps for post-operative pain management. However, rising R&D costs and frequent product recalls, mostly due to design flaws, are expected to restrain the growth of the market over the forecast period.
International harmonization, coupled with frequent product inspections, is set to define the regulatory landscape for elastomeric infusion pumps. Device manufacturers are expected to invest more in better product designs to minimize the probability of product recalls and adverse impacts on patient safety.

Pain management to Make Crucial Contribution to Growth of Global Elastomeric infusion system Market
The market for elastomeric infusion pumps is based on product type, treatment type, distribution channel, and region. By product type, the elastomeric infusion pumps market is segmented into variable-rate elastomeric infusion pumps and continuous rate elastomeric infusion pumps. By treatment type, the elastomeric infusion pumps market is segmented into antibiotic and antiviral, pain management, chemotherapy, and others. The other segment is sub-segmented into chelation therapy and nutrition intake. By distribution channel type, the elastomeric infusion pumps market is segmented into hospitals, ambulatory surgical centers, home care settings, clinics, and others.

As per the treatment plan, pain management is estimated to be the dominant market for the global elastomeric infusion pumps market. Enlargement in the number of surgeries as a result of an increased rate of hospitalization ultimately increases the demand for elastomeric pumps for postoperative pain management conditions.

North America is estimated to be the dominant market for the global elastomeric infusion pumps market
As per the region, the elastomeric infusion pumps market could be segmented into North America, South America, Europe, Asia Pacific, the Middle East, and Africa. Of these regions, North America is estimated to be the dominant market for the global elastomeric infusion pumps market in 2016 and is expected to expand at a CAGR of 5.4% over the forecast period. Europe and Asia-Pacific are estimated to be the fastest-growing markets in terms of CAGR. The APAC elastomeric infusion pumps market is expected to register a CAGR of 7.5% over the forecast period. The hospital's segment in the APAC elastomeric infusion pumps market is expected to register a CAGR of 7.8% over the forecast period, with growth driven by the development of healthcare infrastructure, leading to more construction of small and mid-sized hospitals, and the increasing number of local players and start-up firms entering this market.

Players to Focus on Global Elastomeric infusion system Market

The Elastomeric infusion system Market is dominated by some the key players including
• Braun Melsungen AG.
• Fresenius Kabi AG
• Leventon S.A.U
• Ambu A/S
• Baxter International Inc. 
• Nipro
• S&S Med
• B. Braun
• Woo Young Medical
• Avanos Medical

Scope of the Report

By Treatment
• Pain Management
• Chemotherapy
• antibiotic/antiviral

By Product Type
• Continuous Rate Elastomeric Pumps
• Variable Rate Elastomeric Pumps

By Application
• Hospitals
• Clinics
• Home

By Region
• North America
• Europe
• Asia Pacific
• Rest Of World

Key Reasons to Purchase this Report

1.      It provides a technological development map over time to understand the growth rate of the industry.
2.      The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3.      It renders a definite analysis for changing competitive dynamics.
4.      It builds a seven-year estimate based on how the market is predicted to grow.