ELASTOMERIC INFUSION PUMPS MARKET ANALYSIS

Elastomeric Infusion Pumps MarketSize and Trends

Global elastomeric infusion pumps market is estimated to be valued at USD 1,255.4 Mn in 2024 and is expected to exhibit a CAGR of 9.2% during the forecast period (2024-2031).

Figure 1. Global Elastomeric Infusion Pumps Market Value (US$ Mn), by Region, 2024

Post-operative pain in surgeries such as total knee replacement and total hip replacement is usually treated by infusion of analgesics through disposable infusion pumps. Therefore, increasing number of orthopedic procedures and surgeries is expected to boost growth of the global elastomeric infusion pumps market over the forecast period.

For instance, according to a 2018 report by American Academy of Orthopedic Surgeons, over 1 million patients and over 1.4 million hip and knee arthroplasty procedures were entered into the American Joint Replacement Registry.

The increasing incidence of chronic blood diseases such as blood cancer is expected to drive growth of the global elastomeric infusion pumps market over the forecast period.

Figure 2. Global Elastomeric Infusion Pumps Market Share, by treatment, 2024

The increasing incidence of chronic blood diseases such as blood cancers which include leukemia, lymphoma, and myeloma or blood disorders such as anemia or bleeding disorders such as blood clots and hemophilia is expected to drive growth of the global elastomeric infusion pumps market over the forecast period.

For instance, According to the Centers for Disease Control and Prevention (CDC) in 2019, the Sickle Cell Disease (SCD) affects around 100,000 Americans each year. Moreover, according to Leukemia & Lymphoma Society, it was estimated that around 172,910 people in the U.S. were expected to be diagnosed with the leukemia, lymphoma or myeloma in 2017.

Global Elastomeric Infusion Pumps Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 has affected the economy in three main ways: by directly affecting production and demand of drugs and vaccines, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, UAE, Egypt, and others, faced problems with regard to the transportation of drugs and vaccines from one place to another. Elastomeric infusion pumps market faced negative impact due COVID-19 as there was lack of transportation facility of raw material used to manufacture infusion pumps.

Recent Developments

On January 4, 2024, the East and North Hertfordshire NHS Trust, an organizational entity within the National Health Services of England and Wales, announced the launch of a new elastomeric pump pathway for hospital at home patients in East and North Hertfordshire. For patients on antibiotics, the elastomeric device enables nurses to deliver medications with just one visit each day, reducing the number of nursing visits by half.