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EIP are non-electronic medication pumps also called as balloon pumps which are used for infusion of analgesics, chemotherapy drugs, & local anesthetics
SEATTLE, WASHINGTON, UNITED STATES, September 22, 2022 /EINPresswire.com/ -- Based on forecasts and market trends, the Elastomeric Infusion Pumps Market Industry research forecast to 2022-2028 provides complete market data to aid organizations in establishing growth strategies and making better business decisions. The study's marketing variables include the dynamic market structure, key players' product offers, challenges, technical innovation, roadblocks and hurdles, data on communication and sales, sales by country, risk, opportunities, competitive landscape, growth strategy, and others. It goes into great detail regarding the existing and future state of the market. The study examines a number of aspects, such as levels of development, technical advancements, and the various business models employed by the market's current top rivals.
Elastomeric infusion pumps, also known as disposable balloon pumps, are used to administer intravenous (IV) drugs such as local anesthetics, antibiotics, and anti-neoplastic. These non-electronic, non-gravity driven devices are used in single infusions. Elastomeric infusion pumps contain a stretchable balloon reservoir that is filled with a drug and pressure from the elastic walls drives fluid delivery with relatively consistent pressure until it reaches near the end of the infusion.
The Elastomeric Infusion Pumps market study is divided into several sections, including product type, application, end-user, and geography. Each segment is assessed based on its CAGR, market share, and growth potential. The study emphasizes the prospective region in the regional analysis, which is projected to generate chances in the worldwide Elastomeric Infusion Pumps market in the next years. This segmented study will absolutely prove to be an invaluable tool for readers, stakeholders, and industry participants seeking a comprehensive view of the global Elastomeric Infusion Pumps market and its growth prospects in the future years.
Global elastomeric infusion pumps market is estimated to be valued at US$ 1,067.8 million in 2022 and is expected to exhibit a CAGR of 9.2% during the forecast period (2022-2030).
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Major Keyplayers are : B. Braun Melsungen AG, Fresenius Kabi, Leventon, S.A.U, Ambu A/S, Baxter International Inc., Halyard Health, and Nipro Corporation.
Increase in the prevalence of chronic diseases like cancer is expected to propel growth of market. For instance, according to factsheet published by World Health Organization (WHO) on 3 February, 2022, nearly 10 million deaths, or nearly one in six deaths were caused by cancer in 2020, making it the leading cause of death globally. Breast, lung, colon, rectum, and prostate cancers are the most prevalent types of cancer. In addition, according to WHO, each year, approximately 400,000 children develop cancer. Thus due to prevalence of cancer the global elastomeric infusion pumps market is expected grow over the forecast period.
Moreover, elastomeric infusion pumps are cheaper and have fewer adverse effects compared to electronic pumps, which increases their adoption in ambulatory chemotherapy infusion centers. Moreover, as elastomeric infusion pumps do not require electricity to operate, the risk for free flow of medication to patients is eliminated. Such advantages of elastomeric infusion pumps over their electric counterparts is also expected to boost growth of market.
SWOT Analysis of Global Elastomeric Infusion Pumps Market
In addition to market share analysis of companies, in-depth profile, product/service, and business overview, the study focuses on revenue analysis, as well as SWOT analysis, to better correlate market competitiveness.
Information source and Research Methodology:
Our researchers compiled the study utilizing primary (surveys and interviews) and secondary (industry body databases, reliable paid sources, and trade magazines) data collection methods. The report contains a thorough qualitative and quantitative analysis. Growth trends, micro-and macroeconomic indicators, as well as legislation and government policies are all covered in the research.
Global Elastomeric Infusion Pumps Market, By Product Type
Variable Rate Elastomeric Pumps Continuous Rate Elastomeric Pumps
Global Elastomeric Infusion Pumps Market, By Treatment
Pain management Antibiotic/Antiviral Chemotherapy Others
Global Elastomeric Infusion Pumps Market, By End User
Ambulatory Surgical Centers Clinics Home Care Settings Hospitals Others
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Purchasing the Elastomeric Infusion Pumps Market for the Following Reasons:
⮞The study analyses emerging market trends as well as the likelihood that different trends will have an impact on expansion. ⮞The analysis also covers the factors, challenges, and opportunities that will significantly affect the worldwide Elastomeric Infusion Pumps industry. ⮞Technological tools and benchmarks that mirror the projected growth of the Elastomeric Infusion Pumps industry. ⮞In order to provide futuristic growth estimates, the research includes a detailed analysis of market statistics and historical and present growth conditions. ⮞The research includes a comprehensive analytical overview of the competitive environment, as well as highlights on fundamental capabilities and growth plans of the profiled businesses.
What are the goals of the report?
⮞The predicted market size for the Elastomeric Infusion Pumps Market Industry at the conclusion of the forecast period is shown in this market report. ⮞The paper also analyses market sizes in the past and present. ⮞The charts show the year-over-year growth (percent) and compound annual growth rate (CAGR) for the given projected period based on a variety of metrics. ⮞The research contains a market overview, geographical breadth, segmentation, and financial performance of main competitors. ⮞The research evaluates the current situation of the industry in North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa,as well as future growth opportunities. ⮞The study examines the future period’s growth rate, market size, and market worth.
◈ Market share assessments for the regional and country-level segments ◈ Strategic recommendations for the new entrants ◈ Covers market data for 2021, 2022, till 2028 ◈ Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations) ◈ Strategic recommendations in key business segments based on the market estimations ◈ Competitive landscaping mapping the key common trends ◈ Company profiling with detailed strategies, financials, and recent developments ◈ Supply chain trends mapping the latest technological advancements
Examine market data, tables, and figures in detail. The most recent independent research report on various market development initiatives and business tactics, including the creation of new products and services, joint ventures, partnerships, mergers and acquisitions, etc. Market company profiles comprise Business Overview, Product / Service Offerings, SWOT Analysis, Segment & Total Revenue, Gross Margin, and% Market Share in order to provide a more complete picture. This Elastomeric Infusion Pumps study examines market definitions, an overview, a classification, and segmentation, including market type and applications, before moving on to product details, production plans, pricing schemes, raw material sourcing, and supply chain analysis.
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