Home Infusion Therapy Market size to exceed USD 31bn By 2025

Home Infusion Therapy Market size is set to exceed USD 31 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

Rising prevalence of various types of hospital-acquired infections such as surgical site infections, hospital-acquired pneumonia, bloodstream infections, and urinary tract infection (UTI) will elevate the adoption rate of home-based infusion therapies over the analysis timeframe. As per the Centers for Disease Control and Prevention (CDC), around 1.7 million hospitalized individuals acquire nosocomial infections each year in the U.S. This will increase the need to reduce hospital-acquired infections by the administration of medications in homecare settings, thereby fostering market growth.

 

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Surge in the adoption rate of technologically advanced home infusion procedures is projected to augment market growth over the forecast timeframe. Various companies are involved in development of novel products for home infusion therapy. For instance, in April 2017, B. Braun announced launch of Easypump system that offers informative content to patients and healthcare professionals on safe practice and usage of Easypump for long-term home infusion therapy. Growing demand for such technologies will positively impact global home infusion therapy industry growth in the upcoming period.
 

Germany Home Infusion Therapy Market Size, By Product, 2018 & 2025 (USD Million)
Home Infusion Therapy Market

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However, overdosage of medications by infusion pumps may cause hazardous conditions that may impede the growth of home infusion therapy market to a certain extent. Furthermore, irregular functioning and inappropriate usage of infusion pumps will hinder the market growth in the coming years.
 

Needleless connectors segment held the significant revenue share, accounting for a total value of USD 5.0 billion in 2018. High growth is attributed to surging adoption by patients and medical fraternity. Needleless connectors assure safety for healthcare professional from needle stick injuries. These devices are generally designed for infusion therapy, thus delivering enhanced safety features that will lead to high adoption of needless connectors over the forthcoming years.
 

Chemotherapy segment will witness growth of 9.9% during the estimation period owing to the rising initiatives undertaken relating to tumor treatment, such as the development of infusion centers by the Cancer Treatment Centers (CTC) of America. Infusion pumps used for chemotherapy at home are compact and continuous pressure pumps that do not involve a battery. Furthermore, chemotherapy drugs are delivered at the suitable speed and in optimal dosage with the help of these pumps, thus propelling the market growth over the projected timeframe.
 

Browse key industry insights spread across 100 pages with 97 market data tables & 7 figures & charts from the report, “Home Infusion Therapy Market Size By Product (Infusion Pump, Intravenous Sets, IV Cannulas, Needleless Connectors), By Application (Anti-infective, Hydration Therapy, Chemotherapy, Enteral Nutrition, Parenteral Nutrition, Specialty Pharmaceuticals), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, South Korea, Australia, Brazil, Mexico, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/home-infusion-therapy-market-report
 

Germany home infusion therapy market is estimated to exceed USD 2.3 billion by 2025. Rising incidence of chronic diseases coupled with growing aging population base has led to increasing adoption of home infusion therapies in the country. Growing need for long-term therapy by patients will further drive the market growth. Moreover, innovative technological advancements in infusion devices and favorable government reimbursements will stimulate Germany market growth in the coming years.  
 

China market is estimated to expand at 11.2% CAGR during the analysis period owing to growing patient awareness about the benefits of home infusion therapies. The increasing average income in China also encourages the better consumption of medical services thus, boosting the industry growth. Moreover, rising acceptance of technologically advanced treatments, growing healthcare expenditure, and rapid economic growth will further augment China market growth over the upcoming years.
 

Few prominent players operating in home infusion therapy market are Smiths Medical, CareFusion, Caesarea Medical Electronics, Fresenius Kabi, B. Braun Melsungen, ICU Medical, among others. These industry players are resorting to various strategic initiatives such as partnerships, mergers & acquisitions, and strategic collaborations with other participants to obtain significant revenue shares and gain a competitive edge over other enterprises operating in the market. For instance, in June 2016, BioScrip entered into a definitive agreement to acquire the business of Home Solutions, a privately held enterprise and a leading provider of home infusion and home nursing products and services to patients suffering from acute and chronic medical conditions. The acquisition enabled the company to expand its existing product portfolio.
 

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Home Infusion Therapy market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:

Home Infusion Therapy Market, by Product, 2014-2025 (USD Million) 

  • Infusion pumps
  • Intravenous sets
  • IV Cannulas
  • Needleless connectors

Home Infusion Therapy Market, by Application, 2014-2025 (USD Million) 

  • Anti-infective
  • Hydration therapy
  • Chemotherapy
  • Enteral nutrition
  • Parenteral nutrition
  • Specialty pharmaceuticals
  • Others 

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa

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