Elastomeric Infusion Pumps Market Size, Share & Trends Analysis Report By Product (Continuous Rate Elastomeric Infusion Pumps, Variable Rate Elastomeric Infusion Pumps), By Application, By End Use, By Region, And Segment Forecasts, 2024 - 2030
Elastomeric Infusion Pumps Market Trends
The global elastomeric infusion pumps market size was estimated at USD 637.4 million in 2023 and is projected to grow at a CAGR of 7.1 % from 2024 to 2030. The rising incidence of chronic diseases such as cancer, diabetes, and cardiovascular disorders is a significant driver for the market growth. According to statistics from the World Health Organization (WHO), chronic diseases are the leading cause of mortality worldwide, accounting for 71% of all deaths globally. This led to a higher demand for continuous drug delivery systems such as elastomeric pumps to ensure effective treatment and management of these conditions.
The growing demand for home healthcare solutions is a crucial factor driving the elastomeric infusion pumps market. Patients prefer therapies that enable them to administer medications at home, and the portability and user-friendliness of elastomeric pumps cater to this need. This trend is amplified by the aging population's increasing requirement for long-term treatment of chronic conditions. According to a study published in October 2024, Osteomyelitis affects around 50,000 people annually in the U.S., with higher incidence in children, older adults, and males. Vertebrae and long bones are the most commonly involved sites. It also shows that males are more susceptible to Osteomyelitis than females, as evidenced by the current research and other published data on the disease.
Manufacturers are focusing on enhancing elastomeric infusion pump technologies to drive market growth. These advancements involve greater accuracy, longer infusion durations, developing pumps with improved features, and accessible designs. These innovations aim to cater to the diverse needs of patients and healthcare providers, enhancing the efficiency of elastomeric infusion pumps and making them dependable and secure. For instance, elastomeric infusion pumps can deliver continuous infusions of analgesics, chemotherapy, and cardiology treatments safely and accurately without needing a power source by utilizing pressure generated by an elastomeric balloon.
Global Elastomeric Infusion Pumps Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global elastomeric infusion pumps market report based on product, application, end use, and region:
Product Outlook (Revenue, USD Million, 2018 - 2030)
Continuous Rate Elastomeric Infusion Pumps
Variable Rate Elastomeric Infusion Pumps
Application Outlook (Revenue, USD Million, 2018 - 2030)
Pain Management
Chemotherapy
Antibiotic/Antiviral Therapy
Others
End Use Outlook (Revenue, USD Million, 2018 - 2030)
Hospitals
Ambulatory Surgical Centers
Others
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Asia Pacific
Japan
China
India
Australia
South Korea
Thailand
Latin America
Brazil
Argentina
Middle East and Africa
South Africa
Saudi Arabia
UAE
Kuwait
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