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Elastomeric Infusion Pumps Global market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033
The Business Research Company's Elastomeric Infusion Pumps Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033
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LONDON, GREATER LONDON, UNITED KINGDOM, October 17, 2024 /EINPresswire / -- The elastomeric infusion pumps market has seen strong growth, expanding from $0.98 billion in 2023 to $1.07 billion in 2024, with a CAGR of 9.3%. Growth drivers include a high incidence of chronic conditions, increased surgical procedures, an aging population, greater awareness, and government support.
What Is The Estimated Market Size Of The Global Elastomeric Infusion Pumps Market And Its Annual Growth Rate?
The elastomeric infusion pumps market is projected to grow strongly, reaching $1.53 billion in 2028 with a CAGR of 9.5%. Factors such as the rising prevalence of chronic diseases, an aging population, more surgical interventions, and increased healthcare spending drive this growth. Trends include IoT-enabled smart pumps, anti-free-flow mechanisms, ergonomic designs, extended battery life, and eco-friendly materials.
Explore Comprehensive Insights Into The Global Elastomeric Infusion Pumps Market With A Detailed Sample Report:
Growth Driver of The Elastomeric Infusion Pumps Market
The growing number of hospitalized patients is expected to drive the elastomeric infusion pump market. Advances in medical technology have led to increased hospital admissions for treatments requiring long-term medication administration, such as antibiotics and chemotherapy. Elastomeric infusion pumps allow patients to receive these treatments at home, reducing hospital occupancy rates.
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Which Market Players Are Driving The Elastomeric Infusion Pumps Market Growth?
Major companies operating in the elastomeric infusion pumps market are Baxter International Inc., Medline Industries, B. Braun Melsungen AG, Nipro Corporation, Avanos Medical Inc., Vygon SAS, pfm medical gmbh, Integrated Medical Systems Inc., Preferred Medical, Leventon S.A.U, Tuoren Medical, Eitan Medical, PROMECON GmbH, Epic Medical, Promecon Medical, Ace Medical Devices, Gamastech, Adria Med, Heka Healthcare, Beijing KellyMed Co. Ltd
What Are The Emerging Trends Shaping The Elastomeric Infusion Pumps Market Size ?
Key firms in the elastomeric infusion pump market are working on portable chemotherapy infusion pumps designed to provide reliable and user-friendly infusion systems, enhancing the precision of drug delivery. These devices enable controlled administration of chemotherapy drugs, allowing patients to receive treatment either continuously or intermittently outside a hospital environment.
How Is The Global Elastomeric Infusion Pumps Market Segmented?
1) By Product Type: Continuous Rate Elastomeric Pumps, Variable Rate Elastomeric Pumps
2) By Treatment: Pain Management, Antibiotic Or Antiviral, Chemotherapy, Other Treatments
3) By End-User: Hospitals, Ambulatory Surgical Centers, Home Care Settings, Clinics, Other End-Users
Geographical Insights: North America Leading The Elastomeric Infusion Pumps Market
North America was the largest region in the elastomeric infusion pump market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the elastomeric infusion pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Elastomeric Infusion Pumps Market Definition
Elastomeric infusion pumps are medical devices designed for the precise delivery of medications or fluids over a specified duration. These pumps are valued for their simplicity, portability, and ease of use, making them particularly beneficial in both hospital and home care environments. They allow patients to receive treatment outside clinical settings, promoting mobility and flexibility during infusion therapy.
Elastomeric Infusion Pumps Global Market Report 2024 from The Business Research Company covers the following information:
. Market size data for the forecast period: Historical and Future
. Macroeconomic factors affecting the market in the short and long run
. Analysis of the macro and micro economic factors that have affected the market in the past five years
. Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
. Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global elastomeric infusion pumps market report covering trends, opportunities, strategies, and more
The Elastomeric Infusion Pumps Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on elastomeric infusion pumps market size, drivers and trends, elastomeric infusion pumps market major players, competitors' revenues, market positioning, and market growth across geographies. The market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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