The Elastomeric Infusion Pumps Market is estimated to be valued at US$ 387.42 Mn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Elastomeric infusion pumps are medical devices used for controlled delivery of medications such as antibiotics, chemotherapy drugs, IV nutrition, and analgesics. They are portable, lightweight disposable devices used for home healthcare to deliver accurate volume-based and time-based injections. They find wide applications in hospitals, clinics, home care settings and other medical facilities.

Market Dynamics:
The elastomeric infusion pumps market is driven by increasing demand for home healthcare devices and rising prevalence of chronic diseases. The rising geriatric population is also a major factor augmenting the growth of elastomeric infusion pumps market. According to the United Nations report, number of people aged 60 years and above is expected to grow at a rate of 3% annually to reach 2.1 billion by 2050. Furthermore, advancements in elastomeric pump technology in terms of lightweight and portability features make them suitable for home healthcare thereby boosting the market growth during the forecast period.

Read More - http://insightfulmarketer.weebly.com/blog/elastomeric-infusion-pumps-market-is-estimated-to-witness-high-growth-owing-to-trends-of-rising-adoption-of-ambulatory-infusion-pumps