Elastomeric Infusion Pumps Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, UK, Canada, China - Size and Forecast 2024-2028

Elastomeric Infusion Pumps Market Size 2024-2028

The global elastomeric infusion pumps market size is estimated to grow by USD 813.9 million at a CAGR of 6.78% between 2023 and 2028. The market's expansion is influenced by several key factors. A significant driver is the rising prevalence of chronic diseases, which increases the demand for innovative healthcare solutions and treatments. Additionally, the landscape is being shaped by mergers and acquisitions among market players, which consolidate resources and expertise, leading to enhanced product offerings and market reach. These strategic moves enable companies to streamline operations, integrate new technologies, and expand their market presence. Moreover, increased investments by vendors in research and development (R&D) are crucial for driving market growth. By focusing on R&D, companies can advance technology, develop new products, and improve existing solutions, meeting the evolving needs of the healthcare sector. Together, these elements growing disease prevalence, strategic mergers, and dedicated R&D efforts create a dynamic environment that propels market development and innovation. It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the size of the Market During the Forecast Period?

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Market Segmentation

Application Analysis

The market share growth by the pain management segment will be significant during the forecast period.  They have various benefits in providing pain management therapy such as ease of use, portability, and cost-effectiveness compared to conventional. They also help to provide continuous pain relief in the patient's body at a predetermined rate. This helps ensure that a specific level of pain control can be sustained over a period which is beneficial for chronic pain patients.

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The pain management segment was valued at USD 700.70 million in 2018. They are extensively used in pain management for cancer patients in palliative care. The continuous delivery of pain medication allows relative comfort and a greater degree of control of pain symptoms. Additionally, they are easy to use in a variety of healthcare settings, such as hospitals, outpatient clinics, and home care due to their portability and user-friendly design. Hence such factors will contribute to the growth of this segment of the market during the forecast period.

End-User Analysis

The hospitals segment was the major end-user segment in the global market in 2022. The increasing number of patients, including those who require intravenous, fluids, and nutrition are boosting the demand by hospitals. For the proper and safe administration of these, they are vital as they reduce errors by allowing healthcare professionals to administer drugs at specific rates and volumes. Moreover, options for continual monitoring and adjustment of infusion parameters enhance patient safety and reduce the likelihood of complications. Hence such factors will boost the growth of this segment during the forecast period. 

Regional Analysis

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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. North America has an exceptional healthcare infrastructure, including hospitals, clinics, and other medical facilities. These institutions heavily rely on these for the precise administration and fluids to patients. These healthcare facilities place high importance on patient safety and for the effective administration, they are vital.

Moreover, the region has a significantly rising geriatric population that is vulnerable to numerous diseases and health conditions such as diabetes, cardiovascular conditions, and cancer. For managing and controlling symptoms associated with these diseases, delivering the necessary is crucial. Moreover, the region has a well-established R&D infrastructure that constantly develops innovative infusion pump technologies, such as those with lightweight sensors. Hence such factors will result in further regional market growth during the forecast period 

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Key Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Ambu AS - The company offers an elastomeric infusion pump called Action Fuser Pain Pump.

• Avanos Medical Inc
• B.Braun SE
• Baxter International Inc.
• Daiken Medical Co. Ltd.
• Epic Medical
• Fresenius SE and Co. KGaA
• Heka srls
• Infusystem Holdings Inc.
• Medline Industries LP
• MicroPort Scientific Corp.
• Mindray Bio medical Electronics Co. Ltd.
• Nipro Corp.
• Owens and Minor Inc.
• pfm medical ag
• Promecon
• Smiths Group Plc
• Vygon SAS
• Werfenlife SA
• WooYoung Medical Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Dynamics and Customer Landscape

The market is evolving rapidly, addressing disruption in traditional administering medications methods and offering solutions for delivering continuous subcutaneous infusions. These pumps provide a viable alternative to syringe drivers and are increasingly used in home care drug infusion, minimizing related hospitalization and the need for intensive care units. The market sees significant use in managing colorectal and pancreatic cancers with regimens such as FOLFIRI and FOLFIRINOX, which often include drugs like 5-fluorouracil. Additionally, analgesia and antibiotic therapy are supported by these pumps, enhancing patient comfort during surgical procedures and treatment for conditions like heart failure. Despite their benefits, challenges, such as limitations in elastomeric infusion pumps persist. The International Diabetes Federation and other organizations continue to explore advancements in this field to overcome these limitations and improve patient outcomes.

Key Market Driver

The increasing detection of chronic diseases that require long-term management and medication is boosting demand. These pumps allow for the continuous or intermittent delivery of medication which helps ensure accuracy and control over dosage. Moreover, the ability to allow a slow infusion rate frequently makes it ideal for intravenous therapy. The growing global geriatric population has resulted in a higher prevalence of age-related diseases and conditions.

Further, the elderly require these therapies and fluid management for medical compliance to improve their quality of life. They have the advantages of automated and controlled delivery unlike manually administered injections or oral, which helps ensure patient adherence. Hence such advantages will have a positive impact on the market.

Significant Market Trends

The high demand for advanced infusion pumps is a key trend in the market. There are frequent releases of advanced technological advances, such as barcode scanning systems, and sensors to improve patient safety, medication accuracy, and user convenience. They also allow for further ease of administration of medication by providing precise programming of the infusion rate, dosage limit, and delivery schedule. Enhanced user design and ease of usage make them convenient for healthcare professionals who can adjust medication dosage according to requirements. 

Furthermore, they can be integrated with electronic medical records (EMRs) or barcode scanning systems to enhance the accuracy of administration and reduce errors. These pumps also possess a comprehensive drug library with a wide range of medications with pre-programmed safety limits and infusion parameters which enhances patient safety. Hence such factors will contribute to market growth during the forecast period. 

Major Market Challenges

Stringent regulatory standards on medical devices are challenging market growth. They fall under the medical devices classification and must adhere to regulations relevant to medical devices in the region of operation. They have specific safety and performance standards they must clear to ensure patient safety. For instance, in the US, the Food and Drug Administration (FDA) is the regulatory body and it includes these under the Federal Food, Drug, and Cosmetic Act (FD and C Act) and the Code of Federal Regulations (CFR) Title 21. 

Moreover, these standards typically cover aspects including accuracy of drug delivery, alarms and safety features, electromagnetic compatibility, mechanical and electrical safety, software validation, article, and usability. Additionally, regulations might differ from region to region, posing a greater challenge for those operating in numerous countries. In the case of non-compliance, a company faces the possibility of penalties, product recalls, loss of market authorization, and damage to the manufacturer's reputation. Hence such factors will pose a hindrance to market growth during the forecast period. 

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Key Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market growth and trends report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Application Outlook
  • Pain management
  • Antibiotic or antiviral
  • Chemotherapy
  • Others

• End-user Outlook
  • Hospitals
  • Ambulatory service centers
  • Clinics
  • Others

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • Rest of the World
    • Australia
    • Argentina
    • Brazil 

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Market Analyst Overview

The market is advancing rapidly, driven by innovations in device technologies that address safety issues and improve patient care. These systems are essential for ambulatory chemotherapy and analgesic infusion centers, providing low weight and feasible demonstration of effective drug delivery. They are increasingly utilized in managing chronic disease and are particularly beneficial in low and middle income countries, where they offer a cost-effective solution. Electronic pumps and traditional elastomeric infusion pump system are employed in treatments ranging from cardiac disorders to osteomyelitis and cardiac surgeries. These pumps help in avoiding contamination during drug delivery and are crucial for local anesthetic applications, such as nerve block catheter. With rising incidences of conditions like breastcancer, these technologies are becoming indispensable. However, safety issues and the need for continuous improvement in surg practices and device efficiency remain critical areas for development.

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What are the Key Data Covered in this Market Forecasting Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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