Elastomeric Infusion Pumps Market - Growth, Trends, and Forecasts (2020 - 2025)

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.

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 for infusion pumps. For instance, in November 2019, Eitan Group lunched 'FasTestPM', a preventative maintenance servicing tool for Sapphire Line of Infusion Pumps.

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.

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.

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.

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TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Deliverables
• 1.2 Study Assumptions
• 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Advancements in Device Technologies
  • 4.2.2 Growing Burden of Chronic Diseases
• 4.3 Market Restraints
  • 4.3.1 Safety Issues Associated With Pumps
  • 4.3.2 High Prices of Elastomeric Pumps
• 4.4 Porter's Five Force Analysis
  • 4.4.1 Threat of New Entrants
  • 4.4.2 Bargaining Power of Buyers/Consumers
  • 4.4.3 Bargaining Power of Suppliers
  • 4.4.4 Threat of Substitute Products
  • 4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

• 5.1 By Product Type
  • 5.1.1 Continuous Rate Elastomeric Infusion Pumps
  • 5.1.2 Variable Rate Elastomeric Infusion Pumps
• 5.2 By Application
  • 5.2.1 Pain Management
  • 5.2.2 Chemotherapy
  • 5.2.3 Chelation Therapy
  • 5.2.4 Others
• 5.3 By End User
  • 5.3.1 Hospitals
  • 5.3.2 Ambulatory Surgical Centers
  • 5.3.3 Others
• 5.4 Geography
  • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
  • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Spain
    • 5.4.2.6 Rest of Europe
  • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 Australia
    • 5.4.3.5 South Korea
    • 5.4.3.6 Rest of Asia-Pacific
  • 5.4.4 Middle-East and Africa
    • 5.4.4.1 GCC
    • 5.4.4.2 South Africa
    • 5.4.4.3 Rest of Middle-Eastst and Africa
  • 5.4.5 South America
    • 5.4.5.1 Brazil
    • 5.4.5.2 Argentina
    • 5.4.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE

• 6.1 Company Profiles
  • 6.1.1 Baxter International
  • 6.1.2 B. Braun Melsungen AG
  • 6.1.3 Nipro Corporation
  • 6.1.4 Leventon, S.A.U
  • 6.1.5 Avanos Medical, Inc
  • 6.1.6 Woo Young Medical Co.
  • 6.1.7 Fresenius Kabi
  • 6.1.8 Halyard

7 MARKET OPPORTUNITIES AND FUTURE TRENDS