U.S. Elastomeric Infusion Pumps Deliver Liquid Through a Tubing System to a Patient
An elastomeric infusion pump is a mechanical device that drives liquid through a tubing system to a patient. The liquid eventually passes through a flow restrictor and into the patient. The pressure remains constant until nearly the end of the infusion, at which point a spike in pressure results in a faster rate of flow. Unlike traditional pumps, elastomeric infusion pumps don't use electricity, instead of running on gravity. The rate of flow also depends on the head height effect of the liquid.
In 2018, the market for U.S. Elastomeric Infusion Pumps was worth $1.1 billion. The market is highly fragmented, with many major players vying for market share. Becton Dickinson, Baxter, and Medtronic continue to dominate the market. These companies are investing in product diversification and expanding their product portfolios to increase their market share. The increasing prevalence of chronic diseases is also a contributing factor. However, regional players have emerged and are boosting the market growth in Asia-Pacific.
The forecast for the U.S. Elastomeric Infusion Pumps Market is based on the current and future sales of elastomeric infusion pumps. This report is useful for entities operating in the market for market elastomeric infusion pumps, such as biotech companies, medical researchers, government agencies, and payers. The analysis supports strategic decisions by providing detailed insights based on historical datasets and advanced analytics.
The market for U.S. Elastomeric Infusion Pumps has significant growth potential. The growth rate in the market is predicted to reach nearly 9% over the next five years. The growth of the elastomeric infusion pump industry is predicted to increase in the near future, owing to rising government initiatives to reduce the costs of prolonged hospitalization. A major factor driving the growth of this market is the growing adoption of ambulatory pumps and the preference for home care management for these patients.
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