As per the Centers for Disease Control and Prevention, each year, about 650,000 cancer patients receive chemotherapy in an outpatient oncology clinic in the United States. This increasing number of patients needing chemotherapy and analgesics are increasing the market demand for Elastomeric Pump around the world.
A wide range of elastomeric infusion pumps is now available from different manufacturers. The Elastomeric Pump Market is estimated to increase due to advancements in healthcare technology, the growing geriatric population globally, being cost-effective, high healthcare expenditure, and available reimbursement policies in developed countries. COVID-19 has also positively impacted the Elastomeric Pump Market Growth in 2020. However, the lack of awareness regarding usage of Elastomeric Pumps, recall of products, adverse events reports, and alternative options available like smart pumps are expected to act as a barrier in the market growth.
Some of the key companies operating in the Elastomeric Pump Market include B. Braun Medical, Baxter International, Daiken Medical, Nipro Corporation, Halyard Health, Heka s.r.l, Leventon S.A.U., Avanos Medical, Smiths Medical (Smiths Group), and many others.
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