What is Elastomer Infusion Pump Market?
Elastomer infusion pumps are disposable medical devices used for the administration of liquid drugs such as analgesics, antibiotics, chemotherapy medications, etc. The rise in adoption of elastomeric pumps is attributed to driving factors such as growth in demand for disposable ambulatory pumps, rising preference for long-term home healthcare, growing hospitalization rates, and evolving reimbursement policies. Elastomer infusion pumps are used to administer drugs in a controlled manner into the patientís body. This has projected the growth of the global Elastomer infusion pump market in the forecast period.
The market study is being classified by Type (Continuous Rate Pumps and Variable Rate Pumps), by Application (Pain Management, Infection Management, Chemotherapy and Others) and major geographies with country level break-up.
B Braun Melsungen Ag (Germany), BD (United States), Terumo Corporation (Japan), Avanos Corporate (United States), Tandem Diabetes Care Inc. (United States), JMS Co. Ltd. (Japan), Baxter International Inc. (United States), Nipro Medical Corporation (United States), Palex Medical SA (Spain) and Pfizer Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Halyard Health (United States), Heka Healthcare (Italy), Pfm Medical Ag (Germany), PROMECON GmbH (Germany) and Insulet Corporation (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Elastomer Infusion Pump market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Elastomer Infusion Pump market by Type, Application and Region.
On the basis of geography, the market of Elastomer Infusion Pump has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rise In Burden On Hospitals To Reduce Healthcare Costs
- Development of Novel Elastomer Infusion Pumps
- User-Friendly Nature of Elastomer Infusion Pumps
- Increases the Demand for Elastomeric Pumps for Post-Operative Pain Management
- Poor Demand In Under Developed Countries
- Increasing Adoption and Growing Demand for Small Disposable Ambulatory Pumps
- Stringent Medical Regulations and Tax Policies
Market Leaders and some development strategies
On 27th February, 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.
Key Target AudienceElastomer Infusion Pump Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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