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Global U.S. Elastomeric Infusion Pumps Market Growth Accelerated by Expansion in Medical Sector

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Sneha
Global U.S. Elastomeric Infusion Pumps Market Growth Accelerated by Expansion in Medical Sector

Elastomeric infusion pumps are used to deliver medications, analgesics, antibiotics, nutrition, and chemotherapy drugs continuously and at a pre-set rate to patients. The demand for these pumps is increasing in hospitals, long term care facilities, and home care settings owing to their advantages such as portability, ease of use, and controlled medication delivery.

The global U.S. Elastomeric Infusion Pumps Market is estimated to be valued at US$ 288.59 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The expansion of the medical sector is one of the key trends driving the growth of the U.S. Elastomeric Infusion Pumps Market. Increasing incidences of chronic diseases such as cancer, diabetes, and cardiovascular diseases have enhanced the demand for continuous and controlled medication delivery. Further, the rising geriatric population who are more prone to chronic diseases is also contributing to the growth of the market. The concentration of major players on new product launches to cater to the emerging needs of users will further boost the market during the forecast period.

Segment Analysis

The U.S. elastomeric infusion pumps market is dominated by continuous delivery/ambulatory sub-segment owing to its benefits such as consistent drug delivery, controlled volume administration, and portability. Continuous delivery/ambulatory pumps provide continuous fluid medication administration and can be worn discreetly under clothing.

Key Takeaways:

The Global U.S. Elastomeric Infusion Pumps Market Size is expected to witness high growth. The global U.S. Elastomeric Infusion Pumps Market is estimated to be valued at US$ 288.59 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030.

Regional analysis: The Western region holds the major share of the U.S. elastomeric infusion pumps market. This region has a well-established healthcare industry and high adoption of advanced medical devices. Additionally, presence of leading market players and availability of skilled professionals drive the market growth in this region.

Key players: Key players operating in the U.S. elastomeric infusion pumps market are B. Braun Melsungen AG, Baxter International Inc., Werfen, Ambu A/S, Avanos Medical Inc., NIPRO, and Progressive Medical, Inc.. B. Braun Melsungen AG has a strong product portfolio and global presence.

 Explore more information on this topic, Please visit - 

https://www.insightprobing.com/u-s-elastomeric-infusion-pumps-market-size-and-trends-analysis/ 

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