This report studies elastomeric infusion Systems market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the elastomeric infusion Systems market report includes technology advancements; regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed elastomeric infusion Systems market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs. Key stakeholders of the elastomeric infusion Systems market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in manufacturing, supply and usage of elastomeric infusion Systems.
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Factors such as increasing adoption of these Systems in different healthcare setups such as hospitals, clinics, home care, and ambulatory surgical centers across the globe are boosting the elastomeric infusion systems market. The home care market for elastomeric infusion Systems is driven by rising in the usage of disposable Systems and hospital market is expected to drive the market growth significantly owing to increased hospitalizations due to several chronic diseases which is expected to drive the pain management segment. Moreover, increase in adoption, growing demand for small disposable infusion Systems, and its wide range of application in various fluid drug delivery systems expected to drive the market revenue growth.
The technological advances in elastomeric infusion pump system offer several advantages over electronic systems including portability, feasible demonstration, low weight, size, ease of use, and less interference with sleep, which is expected increase the demand for elastomeric infusion systems globally.
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The elastomeric infusion system is divided into-
- Product type
- Continuous rate elastomeric systems
- Variable rate elastomeric systems
- Applications
- Pain management
- Antibiotic/antiviral
- Chemotherapy
- Chelation therapy
- Others
- End-users
Hospitals, clinics, homecare, ambulatory surgical centers (ASC)
And lastly on the basis of geographical regions, it is categorized as-North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America market leads the elastomeric infusion systems market and projected to remain same over the forecast period owing to reimbursement policies in the region. Europe and Asia-pacific elastomeric infusion Systems market projected to grow at significant CAGR over the forecast period in comparison with other regions. Market for elastomeric infusion Systems projected to reach US$ 602 million by 2023 owing to increasing adoption of elastomeric infusion systems in cancer therapy and pain management.
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Some of the key players in the global elastomeric infusion systems market includes Ambu A/S (Denmark), Baxter International Inc. (U.S.), Braun Melsungen AG (Germany), Fresenius Kabi AG (Germany), Halyard Health, Inc. (U.S.), Leventon S.A.U (Spain), and Nipro Corporation (Japan) are name to few. Players in the elastomeric infusion systems market are focusing on expanding product portfolio and increasing market penetration through Continuous Medical Education (CME) programs to garner larger market share.
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