Global Elastomeric Infusion Pumps Market Size (2024 - 2029)

Elastomeric Infusion Pumps Market Analysis

The Global Elastomeric Infusion Pumps Market size is estimated at USD 769.03 million in 2024, and is expected to reach USD 979.16 million by 2029, growing at a CAGR of 4.95% during the forecast period (2024-2029).

The COVID-19 pandemic had an impact on the healthcare industry. The outbreak of COVID-19 led to disruption, challenges, limitations, and changes in each sector of every industry. The COVID-19 pandemic is expected to have a significant impact on the market. Due to the rising number of COVID-19 cases and related hospitalization, the demand for elastomeric infusion pumps increases to deliver drugs safely in intensive care units. For instance, according to an article published in September 2020, titled 'Elastomeric pumps for symptom control medication in patients dying with COVID-19', it has been observed that elastomeric infusion pumps are more effective for delivering continuous subcutaneous infusions (CSCIs) in palliative care as compared to syringe drivers. Thus, considering elastomeric pumps as a more viable alternative for administering medications in COVID-19 patients as well as in avoiding contamination the demand for its adoption in intensive care units has increased which has impacted the market during a pandemic.

Certain factors that are propelling the market growth are the advancements in the device technologies and the advantages of the elastomeric pumps and the growing burden of chronic diseases.

The rising prevalence of chronic diseases is the key factor driving market growth. For instance, according to the International Diabetes Federation Diabetes Atlas Tenth edition December 2021, around 537 million adults all over the world were found to have diabetes in 2021 and this number is projected to grow to 643 million by 2030 and 783 million by 2045. Also, according to World Health Organization (WHO) data published in April 2021, chronic diseases are expected to kill 41 million people each year, equivalent to 71% of all deaths globally. In low- and middle-income countries chronic disease death accounted for 77%. Similarly, according to an article published in May 2022, titled 'Osteomyelitis', it has been found that 50,000 cases of osteomyelitis are reported each year in the United States. In addition, as per the same source, the incidence of osteomyelitis is higher in men as compared to women and increases with age which is due to the increasing prevalence of comorbid factors such as diabetes mellitus and peripheral vascular disease. Thus, the rising burden of chronic disease among the population is expected to increase the demand for delivering medications safely via intravenous route, which in turn is expected to increase the demand for elastomeric infusion pumps, thereby fueling the market growth.

Similarly, as per an article titled '5 Most Common Cardiac Surgeries in India' published in October 2021, doctors perform over 500,000 open heart surgeries worldwide every year, and in India, alone doctors perform over 60,000 open heart surgeries yearly. With the incidence of cardiac disorders rising, the need to know about their possible treatments is increasing too. Thus, the increasing number of cardiac surgeries rise the demand for infusion pumps for continuous delivery of medications, which is expected to drive the demand for elastomeric infusion pumps, thereby propelling the market growth.

In addition, the elastomeric infusion pump system offers several advantages over electronic pumps including portability, feasible demonstration, low weight, size, ease of use, and less interference with sleep.

Moreover, the growing advancements in devices and technologies are also contributing to market growth. For instance, In November 2020, Ambu Inc. entered an agreement with Intalere for pain care management solutions. In this agreement, Intalere members would receive the Ambu ACTionTM Block Pain Pump. The pump enables anesthesiologists to customize the infusion approach to best meet each patient's specific pain demands throughout the course of treatment and delivers a continuous, stable supply of local anesthetic to the nerve block catheter.

However, the safety issues and disadvantages associated with the pumps and the high cost in long-term use, and strict regulations are some of the factors that are hindering the market growth.

Elastomeric Infusion Pumps Industry Segmentation

As per the scope of the report, elastomeric infusion pumps, also known as balloon pumps, are non-electronic and disposable that deliver fluids such as analgesics, and antibiotics, among others into the patient's body in controlled amounts. The Elastomeric Infusion Pumps Market is segmented by Product Type (Continuous Rate Elastomeric Pump and Variable Rate Elastomeric Infusion Pump), Application (Pain Management, Chemotherapy, Chelation Therapy, and Others), End-User (Hospitals, Ambulatory Surgical Centers, and Others) and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.