The elastomeric infusion pump market is estimated to be valued at USD 1,255.4 Mn in 2024 growing at a CAGR of 9.2% over the forecast period (2024 – 2031). Elastomeric infusion pumps are gaining popularity attributed to their portability, low cost, and ease of use for continuous subcutaneous drug delivery. Furthermore, rising healthcare expenditure in developing nations is also fueling market growth.
Market Dynamics:
The elastomeric infusion pump market is driven by increasing chronic disease burden globally and rising focus on pain management. According to the World Health Organization, chronic diseases accounted for approximately 60% of the 57 million deaths globally in 2020, with cardiovascular diseases, cancer, respiratory diseases, and diabetes being the leading causes. Chronic diseases require long-term treatment and management, thus propelling the demand for elastomeric infusion pumps for continuous drug delivery. Additionally, a substantial proportion of the population suffers from various pain-related ailments, prompting the use of elastomeric infusion pumps for pain management. Elastomeric pumps allow for adjustable, consistent, and controlled delivery of analgesic drugs, which is a major factor for their increased adoption in pain management.
Growing Need for Pain Management after Surgeries is Driving the Demand for Elastomeric Infusion Pumps
The number of surgeries being performed globally is increasing each year. As surgical procedures become more complex, post-operative pain management is gaining more attention. Elastomeric infusion pumps are being widely used to deliver painkillers like morphine continuously after surgeries. This is driving significant growth in the demand for elastomeric infusion pumps. Studies have shown that continuous drug delivery via pumps is more effective in managing post-surgical pain compared to intermittent bolus injections. It also reduces the risk of under-treatment of pain. As the volume and complexity of surgeries rise worldwide, the need for effective post-operative pain management will continue fueling the market for elastomeric infusion pumps in the coming years.
Increasing Prevalence of Chronic Diseases is Boosting the Usage of Infusion Pumps for Long-term Drug Delivery
Chronic diseases like cancer, diabetes and autoimmune disorders affect a massive population worldwide. A majority of patients with chronic conditions require long-term drug therapy. Elastomeric infusion pumps have emerged as a convenient method for the continuous subcutaneous delivery of medications over several days for managing chronic diseases. They are increasingly being used to deliver drugs like insulin, chemotherapy drugs and analgesics at home, allowing patients to maintain an acceptable quality of life. The rising disease burden of various chronic illnesses will augment the need for long-term infusion therapy. This growing requirement for ambulatory drug delivery is acting as a key growth driver for the elastomeric infusion pumps market.
Lack of Reimbursements Restraining Widespread Adoption
Hospital administrations and healthcare facilities are often reluctant to use elastomeric infusion pumps due to the high acquisition cost and lack of favorable reimbursement policies. Reimbursement plays a crucial role in promoting the adoption of novel medical devices. However, reimbursement for elastomeric pumps remains limited in several countries. Also, the costs have to be borne by patients themselves in many cases. This becomes a significant restraint, especially in price-sensitive developing markets. Limited or no coverage for elastomeric pumps under insurance and reimbursement programs poses considerable challenges to manufacturers to penetrate markets worldwide. Until reimbursements are improved comprehensively, this will continue restricting the elastomeric infusion pumps market from reaching its full potential.
Complexity of Usage Hindering Growth in Home Healthcare Settings
While elastomeric infusion pumps offer portability and enable ambulatory drug delivery, their complex design and user interface pose challenges, especially for elderly patients and people with low health literacy. The multistep priming and programming involved hinder simple setup and usage. This limits the adoption of elastomeric pumps for home-based care, where patients have to self-administer long-term infusions. Knowledge gaps and usability issues lead to medication errors. To effectively deliver drugs at home, infusion pumps need to have intuitive, straightforward designs that do not require extensive training. If complexity issues are not addressed, it will discourage the much-needed shift towards home healthcare using elastomeric pumps. This complexity remains one of the key restraints for the market.
Growing Acceptance of Ambulatory Drug Delivery Offers Vast Opportunities
There is a increasing emphasis on shifting drug delivery from hospitals to home settings to improve access to care, reduce costs and enhance patient comfort. Self-administration of infusions at home, schools and workplaces is gaining momentum worldwide. This represents a massive opportunity for elastomeric infusion pump manufacturers. By simplifying usability, providing training resources and support, manufacturers can tap the opportunities in home healthcare applications. Elastomeric pumps meeting rigorous quality standards can efficiently aid ambulatory therapy for varied therapeutic areas. Along with partnerships, novel digital solutions can assist remote monitoring of pump performance and medication adherence. If marketed effectively, the global acceptance of ambulatory infusion bodes well for the long-term prospects of elastomeric pumps.
Technological Advances Opening New Avenues
Constant technological innovations are helping overcome past challenges and opening new opportunities. Advanced materials with enhanced functionality are making pumps more user-friendly. The integration of sensors, smartphone connectivity and cloud-based platforms allows real-time data transmission for better remote management. The availability of refined components is reducing costs as well. The development of smart, voice-controlled pumps could transform design. Further R&D focusing on usability, precision and customization as per disease states will help address more patient needs. Such advances will enable addressing broader, previously untapped applications. The evolving technological capabilities present significant potential to drive future growth in the elastomeric infusion pumps industry.
Links - https://www.coherentmarketinsights.com/market-insight/elastomeric-infusion-pumps-market-3129
Key Development
- On January 4, 2024, the East and North Hertfordshire NHS Trust, a constituent unit of the National Health Service in England and Wales, unveiled a novel elastomeric pump pathway catering to hospital at home patients across East and North Hertfordshire. This innovative approach streamlines the administration of antibiotics, allowing nurses to provide medication during a single daily visit, thereby decreasing the frequency of nursing interventions.
Key Players: B. Braun Melsungen AG, Fresenius Kabi, Leventon, S.A.U, Ambu A/S, Baxter International Inc., Halyard Health, and Nipro Corporation.
