Global Market Study on Elastomeric Infusion Pumps: Increase Usage in Post-Operative Pain Management and Cancer Treatment to Drive the Market during the Forecast Period
New York, NY -- (SBWIRE) -- 07/20/2016 -- The global elastomeric infusion pumps market is it witnessing steady growth and is expected to continue growing at a sound pace through the forecast period of 2016 up to 2024, according to a report by Persistence Market Research.
Following are 10 key findings in the global elastomeric infusion pumps market.
1. The global market is expected rise at a steady CAGR of 5.8% in terms of revenue for the forecast period.
2. The global elastomeric pumps market is projected to reach a value of US$644.0 Mn at the end of 2024.
3. Favorable reimbursement policies anticipated driving infusion therapy for the forecast period.
4. Variable rate elastomeric pumps segment is projected to surge at the fastest CAGR of 6.9% through the forecast period.
5. Continuous rate elastomeric pumps segment is expected to rise at a CAGR of 5.1% for the forecast period.
6. Manufacturers are working on better designs for a higher safety factor of patients and are a key trend in the market.
7. Rise in surgeries, administration of post-operative pain medication generating demand.
8. The high cost of R&D, design flaws leading to product recalls hampering the global market.
9. North America expected to dominate, expand at a CAGR of 5.7% over the forecast period.
10. APAC market to grow fastest, expected CAGR of 7.1% for the forecast period.
For more information on the global elastomeric infusion pumps market, click here.
Key Players in the global elastomeric infusion pumps market include Coopdech, Halyard Health, Inc., Nipro Corporation, Woo Young Medical Co., Ambu A/S, Braun Melsungen AG., Leventon S.A.U, Baxter International Inc., and Fresenius Kabi AG
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