Research Nester released a report titled “Elastomeric Infusion Pumps Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global elastomeric infusion pumps market in terms of market segmentation by product, by application, by route of administration, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The market for elastomeric infusion pumps is estimated to observe a significant CAGR during the forecast period, i.e., 2019-2027. The market is segmented by product, by application, by route of administration, by end user and by region. On the basis of application, the market is further segmented into pain management, infection management, chemotherapy and others, out of which, the pain management segment is estimated to hold the largest share in the global elastomeric infusion pumps market. This can be attributed to the growing use of infusion pumps for the delivery of anesthesia. Moreover, the rising number of surgeries in hospitals is estimated to further raise the demand for elastomeric infusion pumps.
The market in North America region is anticipated to hold the largest share in the global market on account of high demand for portable infusion pumps. The increasing chronic health disorders along with accidents is estimated to further boost the demand in this region. The market in Asia Pacific, however, is estimated to witness the highest growth rate during the forecast period. The growing healthcare infrastructure and rising developments in the medical industry are major factors anticipated to result in the market growth.
Increasing Chronic Health Disorders to Drive the Market Growth
As per the National Cancer Institute, the number of new cases of cancer is estimated to rise to 23.6 million by 2030 in the United States. The large number of incidences of cancer and other such chronic disorders requires care in hospitals. The rising number of patients in hospitals requiring surgery and drug administration through infusion all across the world is estimated to become the major factor responsible for the growth of global elastomeric infusion pumps market in the upcoming years. However, the strict government regulatory policies that restrict the approval of these pumps is anticipated to hamper the market growth.
This report also provides the existing competitive scenario of some of the key players of the global elastomeric infusion pumps market which includes company profiling of B. Braun, Nipro, Baxter International (BAX), Avanos Medical (AVNX), Coopdech, Ambu, Woo Young Medical, Ace Medical, S&S Med and Leventon. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global elastomeric infusion pumps market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.