Elastomeric Drug Delivery Pumps - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Elastomeric Drug Delivery Pumps Market is accounted for $0.71 billion in 2018 and is expected to reach $1.29 billion by 2027 growing at a CAGR of 6.9% during the forecast period. Increasing adoption of these pumps in pharmaceutical industry and rising prevalence of many disorders & diseases are driving the market growth. However, low adoption rate and lack of awareness about these pumps among medical professionals are restraining the market growth.
Elastomeric drug delivery pumps are likewise called balloon pumps which are utilized in the medical sector for controlled delivery of liquid drugs such as antibiotics, analgesics, anesthetics, etc. These pumps are characterized into two types including variable rate elastomeric pumps and continuous rate elastomeric pumps.
Based on the treatment type, the chemotherapy segment is going to have a lucrative growth during the forecast period because of the growing occurrence of chronic diseases in developed and also developing countries. By geography, North America is going to have a lucrative growth during the forecast period due to high adoption of these pumps for the treatment of chronic diseases, increasing prevalence of chronic diseases, rising geriatric population, and strong presence of the healthcare industry.
Some of the key players profiled in the Elastomeric Drug Delivery Pumps Market include Wooyoung Medical Co., Ltd., Terumo Corporation, pfm medical ag, Nipro Corporation, LEVENTON S.A.U., Gamastech Srl, Fresenius SE & CO. KGaA, Braun Melsungen AG, Ambu A/S, Baxter International, Inc. and Avanos Medical, Inc.
Product Types Covered:
• Continuous Rate Elastomeric Pumps
• Variable Rate Elastomeric Pumps
Treatment Types Covered:
• Pain Management
End Users Covered:
• Home Care Settings
• Ambulatory Surgical Centers
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, 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
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