According to the latest report published by Credence Research, Inc. Elastomeric Infusion Pumps Market  (Pump Type Continuous Rate Pumps, Variable Rate  Pumps; Application Type Pain Management, Infection Management, Cytostatic Treatment, Others; Usage Area Hospitals and Clinics, Ambulatory Care and Home Care); Market Growth, Future Prospects and Competitive Analysis, 2017-2025 the market was valued at USD 405.7 Mn in 2016, and is expected to reach USD 706.2 Mn by 2025, expanding at a CAGR of 6.5% from 2017 to 2025.

Browse the full report Elastomeric Infusion Pumps Market: Market Growth, Future Prospects and Competitive Analysis, 2017-2025 at http://www.credenceresearch.com/report/elastomeric-infusion-pumps-market

Market Insights                                                  

Elastomeric infusion pumps are disposable medical devices used for administration of liquid drugs such as analgesics, antibiotics, chemotherapy medications etc. Elastomeric infusion pumps have received significant acceptance to provide medications, especially postoperative analgesics in the recent years. These devices provide advanced advantages and benefits over conventional electronic pumps in features such as feasibility, portability, and lesser scope for human errors. The two major types of elastomeric infusion pumps are continuous rate pumps, and variable rate pumps, in which continuous rate pumps accounted for the largest market share in 2016. The key factors driving the continuous rate pumps market are due to its wide usage in treatment, products have been evolved over the period of time and currently provide efficient performance, and its rising application in the cancer treatment. However, during the forecast period 2017 2025, variable rate pumps were observed as the fastest growing segment in the overall market.

In terms of application, the elastomeric infusion pumps is segmented into pain management, infection management, cytostatic treatment, chelation therapy. Major application of infusion pump is for postoperative analgesia for pain management. Pain management occupies the largest share in the application segment of elastomeric infusion market. Elastomeric infusion pumps are developed to administer both anaesthetics and analgesics directly to the lesion or inflamed tissue.  It acts as a superior analgesic and less complication are observed as compared to dosage of opioids. Cytostatic treatment held the second largest segment since infusion pump therapy proves more effective and well tolerated in patient for cancer therapy. Based on the type of usage areas, the global elastomeric infusion pumps market is segmented into hospitals and clinics, ambulatory care centers and home care. Among the considered usage areas, hospitals and clinics currently dominate the global elastomeric infusion pumps market. Higher affordability, greater awareness in hospital staff, and potential of elastomeric infusion pumps in reducing manpower and treatment costs in the long run greatly contribute to the dominance of hospitals and clinics in the market. Ambulatory care and home care settings are observed to be the most attrative usage area segments for elastomeric infusion pumps.

In the base year 2016, North America was observed as the largest market for elastomeric infusion pumps followed by Europe. In North America and Europe there is an increase in the chronic diseases like gastrointestinal complications, abdominal hernias, etc. According to research carried out by Agency for Healthcare Research & Quality, in year 2012 there were 36.5 million hospital stays in the United States with an average length of stay of 4.5 days and an average cost of US$ 10,400 per stay. The high rate of hospitalization has increased the number of surgeries which has a positive impact on the growth of elastomeric infusion pumps market. Asia-Pacific and Middle East and Africa are potential market due to high prevalence of chronic diseases requiring surgical procedure but less disease awareness. According to OECD Health Data 2012, China, Malaysia, and Japan were three top Asian countries where around 120-135 per 1000 population were discharged after overnight stay or more in hospital.

Market Competition Assessment:

The elastomeric infusion pumps market currently possesses large number of companies having their products marketed. The companies have untapped opportunities in the developing regions of Asia Pacific and Latin America. The companies include Haylard Health, Nipro Corporation, Baxter, B. Braun Melsungen, Woo Young Medical and others.

Key Market Movements:

- Steady Increase in Prevalence of Chronic Diseases and Surgical Procedures Volume

-  Growing burden on hospitals due to increasing hospital admissions worldwide has posed as a significant concern for healthcare facilities globally.

- Domestic governments are stressing on reducing hospital admissions by encouraging treatments in outpatient settings and providing home care solutions. 

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Elastomeric pumps - also called balloon pumps - are usually used in the medical field to administer liquid drugs such as local anesthetics, Analgesics, cytostatics or antibiotics (depending on the therapy).

The required pressure for administrating the drug comes from the elastomeric layer that is molded inside the pump. When the pump is filled the layer is stretched. The elastic constriction drives the liquid through the tubing and eventually through a flow restrictor out into the patient connection. The pressure is consistent until near the end of the infusion, when there will usually be a pressure spike resulting in a higher flow rate. The accuracy of the flow rate is controlled by a flow restrictor (glass capillary or steel cannula) that is molded into the tubing of the system or placed within the elastomeric reservoir. Elastomeric pumps do not require any electricity and are not gravity driven. When placed above or below the patient, flow rate is typically increased or decreased slightly (head height effect). Filling the pump is done manually through a one-way valve using a syringe or peristaltic repeater pump. Elastomeric pumps are maintenance free and run independently without any electronics, and are single-use disposable.

An infusion pump infuses fluids, medication or nutrients into a patient's circulatory system. It is generally used intravenously, although subcutaneous, arterial and epidural infusions are occasionally used.

Infusion pumps can administer fluids in ways that would be impractically expensive or unreliable if performed manually by nursing staff. For example, they can administer as little as 0.1 mL per hour injections (too small for a drip), injections every minute, injections with repeated boluses requested by the patient, up to maximum number per hour (e.g. in patient-controlled analgesia), or fluids whose volumes vary by the time of day. Source: Wikipedia

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