Elastomeric Infusion Pumps Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The elastomeric infusion pumps market is segmented by Product Type (Continuous Rate Elastomeric Pump, Variable Rate Elastomeric Infusion Pump), Application, End-User and Geography

Market Snapshot

elastomeric pump
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 8.8 %

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Market Overview

Elastomeric infusion system market is primarily driven by an increase in adoption, growing demand for small disposable infusion pumps, and its wide range of application in various fluid drug delivery systems. In addition, increase in number of surgeries as a result of an increased rate of hospitalization that ultimately increases the demand for elastomeric pumps for postoperative pain management conditions. 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.

However, market players are actively focusing on innovation working towards the increasing adoption of elastomeric infusion devices by advancing technologies. For instance, in April 2017, B. Braun Medical Inc. launched “esaypump home infusion therapy app”, offers educational content to clinicians and patients on safe usage of B. Braun Medical’s easypump elastomeric infusion pump. Moreover, increasing R&D costs and frequent product recalls, mostly due to design flaws, are expected to hamper the elastomeric infusion system market.

Scope of the Report

As Per the scope of the report, elastomeric infusion pumps are also known as balloon pumps. Elastomeric infusion pumps are non-electronic and disposable in nature that deliver fluids such as analgesics, and antibiotics, among others into the patient’s body in controlled amounts.

By Product Type
Continuous Rate Elastomeric Infusion Pumps
Variable Rate Elastomeric Infusion Pumps
By Application
Pain Management
Chemotherapy
Chelation Therapy
Others
By End User
Hospitals
Ambulatory Surgical Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-Eastst and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Continuous Rate Elastomeric Infusion Pumps Anticipated to Have Healthy Growth

· Continous rate elastomeric infusion pumps are used for infusion of parenteral over the several hours at a single flow rate.

· The growing adoption of the continuous rate elastomeric infusion pumps and widening applications of the same are anticipated to fuel the market growth.

· Moreover, key players in the market are also focused on launching servicing tools and expanding their geographic footprints for infusion pumps in order to leverage the opportunities in emerging markets. For instance, in February 2020, LTC Medical entered into a collaborative agreement with Woo Young Medical, to expand the distribution of their new generation of elastomeric infusion technologies in Australia region.

· The continuous elastomeric pumps are helpful for the maintenance of the therapeutic level of drugs during the treatment and ideally used in many chemotherapy infusions. The rising prevalence of cancer worldwide anticipated to fuel market growth over the forecast period.

elstomeric infusin trends.png

North America is Expected to have Significant Market Share

· North America is the largest in terms of value in elastomeric infusion system market followed by Europe. North America accounts highest market share due to increased prevalence of e gastrointestinal complications, abdominal hernia and increased number of surgeries.

· Furthermore, the market is driven by increased patient awareness, growing prevalence of chronic diseases and increasing number of surgeries performed in the region and need to control escalating healthcare costs, elastomeric infusion pumps market in the region has been experiencing significant growth.

· According to the Journal of Infectious Disease Adviser, approximately 27 million surgical procedures are performed in the United States each year.

· Similarly, According to the American Academy of Orthopedic Surgeons 2018 report, about 1.4 million hip and knee arthroplasty procedures are performed in the United States. This is likely to positively impact market growth in the North America region.

Elastomeric InfusionElastomeric Infusion Pumps Market -  Growth Rate by Region1 Pumps Market-image3

Competitive Landscape

The market is moderately fragmented and competitive. The market players are focusing on new product launches, collaboration and innovations to expand their market share. For instance, in February 2020, LTR Medical has entered an exclusive distribution agreement with Woo Young Medical to distribute their new generation of elastomeric infusion technologies into the Australian market. The companies operating in elastomeric infusion systems market are Baxter International, B. Braun Melsungen AG, Avanos Medical, Inc., Nipro Corporation and Leventon S.A.U among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Advancements in Device Technologies and Advantages of the Elastomeric Pumps

      2. 4.2.2 Growing Burden of Chronic Diseases

    3. 4.3 Market Restraints

      1. 4.3.1 Safety Issues and Disadvantages Associated with the Pumps

      2. 4.3.2 High Cost in Long-Term Use and Strict Regulations

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Continuous Rate Elastomeric Infusion Pumps

      2. 5.1.2 Variable Rate Elastomeric Infusion Pumps

    2. 5.2 By Application

      1. 5.2.1 Pain Management

      2. 5.2.2 Chemotherapy

      3. 5.2.3 Chelation Therapy

      4. 5.2.4 Others

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Ambulatory Surgical Centers

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-Eastst and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Ambu A/s

      2. 6.1.2 Avanos Medical Inc.

      3. 6.1.3 Baxter International Inc.

      4. 6.1.4 B. Braun Melsungen AG

      5. 6.1.5 Werfenlife SA (LeVenton SAU)

      6. 6.1.6 Nipro Corporation

      7. 6.1.7 Woo Young Medical Co.

      8. 6.1.8 Epic Medical Pte Ltd

      9. 6.1.9 Daiken Medical Co. Ltd

      10. 6.1.10 Smiths Medical Inc. (Smiths Group)

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Elastomeric Infusion Pumps market is studied from 2018 - 2026.

The Elastomeric Infusion Pumps is growing at a CAGR of 8.8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Baxter International, B. Braun Melsungen AG , Nipro Corporation, Leventon, S.A.U, Avanos Medical, Inc. are the major companies operating in Elastomeric Infusion Pumps.

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