Elastomeric Infusion Pumps Market Expected To Reach Worth US$ 706.2 Mn By 2025 - Credence Research

According to the latest report published by Credence Research, Inc. “Elastomeric Infusion Pumps Market – (Pump Type – Continuous Rate Pumps, Variable Rate  Pumps; Application Type – Pain Management, Infection Management, Cytostatic Treatment, Others; Usage Area – Hospitals and Clinics, Ambulatory Care and Home Care); Market Growth, Future Prospects and Competitive Analysis, 2017-2025” the market was valued at USD 405.7 Mn in 2016, and is expected to reach USD 706.2 Mn by 2025, expanding at a CAGR of 6.5% from 2017 to 2025.

Browse the full report Elastomeric Infusion Pumps Market: Market Growth, Future Prospects and Competitive Analysis, 2017-2025 at http://www.credenceresearch.com/report/elastomeric-infusion-pumps-market

Market Insights                                                  

Elastomeric infusion pumps are disposable medical devices used for administration of liquid drugs such as analgesics, antibiotics, chemotherapy medications etc. Elastomeric infusion pumps have received significant acceptance to provide medications, especially postoperative analgesics in the recent years. These devices provide advanced advantages and benefits over conventional electronic pumps in features such as feasibility, portability, and lesser scope for human errors. The two major types of elastomeric infusion pumps are continuous rate pumps, and variable rate pumps, in which continuous rate pumps accounted for the largest market share in 2016. The key factors driving the continuous rate pumps market are due to its wide usage in treatment, products have been evolved over the period of time and currently provide efficient performance, and its rising application in the cancer treatment. However, during the forecast period 2017 – 2025, variable rate pumps were observed as the fastest growing segment in the overall market.

Market Competition Assessment:

The elastomeric infusion pumps market currently possesses large number of companies having their products marketed. The companies have untapped opportunities in the developing regions of Asia Pacific and Latin America. The companies include Haylard Health, Nipro Corporation, Baxter, B. Braun Melsungen, Woo Young Medical and others.

Download sample research report @ http://www.credenceresearch.com/sample-request/58386

Based on the type of applications the elastomeric infusion pumps market is segmented as follows:

• Pain Management (Anesthetic and Analgesics)
• Infection Management (Antibiotics/antivirals)
• Cytostatic Treatment
• Others (Chelation, etc.)

Elastomeric infusion pumps are used to administer medication in controlled manner into patient’s body. It has advantage in terms of easy to use, portable, mobility and also facilitates accuracy, high level of control and precision in drug delivering thus avoiding error in medication dosage. Elastomeric infusion pumps are used to administer analgesic, anti-infective, anaesthetics, cytostatic or antibiotics (depending on the therapy). Thus it has application for pain management, infection management, cytostatic treatment, chelation therapy. Major application of infusion pump is for postoperative analgesia for pain management. Pain management occupies the largest share in the application segment of elastomeric infusion market. Elastomeric infusion pumps are developed to administer both anaesthetics and analgesics directly to the lesion or inflamed tissue.  It acts as a superior analgesic and less complication are observed as compared to dosage of opioids. Cytostatic treatment held the second largest segment since infusion pump therapy proves more effective and well tolerated in patient for cancer therapy.

Request for customization research report @ http://www.credenceresearch.com/request-for-customization/58386

For the purpose of this study, the global elastomeric infusion pumps market is categorized into:

• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East and Africa (MEA)

For the purpose of this study, the global elastomeric infusion pumps market is categorized into regional markets viz., North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. In the base year 2016, North America was observed as the largest market for elastomeric infusion pumps followed by Europe. In North America and Europe there is an increase in the chronic diseases like gastrointestinal complications, abdominal hernia’s, etc. According to research carried out by Agency for Healthcare Research & Quality, in year 2012 there were 36.5 million hospital stays in the United States with an average length of stay of 4.5 days and an average cost of US$ 10,400 per stay. The high rate of hospitalization has increased the number of surgeries which has a positive impact on the growth of elastomeric infusion pumps market. Asia-Pacific and Middle East and Africa are potential market due to high prevalence of chronic diseases requiring surgical procedure but less disease awareness. According to OECD Health Data 2012, China, Malaysia, and Japan were three top Asian countries where around 120-135 per 1000 population were discharged after overnight stay or more in hospital.

Related Reports :

http://www.credenceresearch.com/report/marine-growth-removal-mgr-market

http://www.credenceresearch.com/report/pedestrian-entrance-control-systems-market