Global Home Infusion Therapy Market, By Product (Infusion Pumps, Intravenous Sets, IV Cannulas, Needleless Connectors), Application (Anti-Infective, Endocrinology, Hydration Therapy, Chemotherapy, Enteral Nutrition, Parenteral Nutrition, Specialty Pharmaceuticals, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The home infusion therapy market is expected to witness market growth at a rate of 10.27% in the forecast period of 2021 to 2028 and is expected to reach USD 41,778.93 million by 2028. Data Bridge Market Research report on home infusion therapy market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing prevalence of chronic diseases across the globe is escalating the growth of home infusion therapy market.
Infusion therapy is utilized in the treatment of chronic or serious infections which are not treated with antibiotics. The therapy could be considered as an alternative to oral treatment. One of the major causes includes cancers and the divergent pain which is caused by cancer, diarrhea, vomiting, dehydration and complex diseases. Home infusion therapy is defined as the process in which patients receive treatment at home through the administration of drugs or biologicals with the help of catheters and needles under professional observation.
The increasing demand for the therapy owning to its cost-effectiveness and convenience for patients and the high utilization of the therapy for treating conditions such as immune deficiencies, cancer and congestive heart failure as these conditions cannot be treated with oral medication act as the major factors driving the growth of home infusion therapy market. The increase in demand from patients requiring long-term treatment and the rise in the popularity of the therapy is because glutamine, phospholipids and glucose are also added to the infusion for providing added nutrition while administering medication accelerates the home infusion therapy market growth. The growing adoptions of smart pumps as these pumps contain advanced features and provide an accurate and controlled rate of infusion which further influences the home infusion therapy market. Additionally, increasing geriatric population along with decreased mobility profile, growth in awareness, improving healthcare infrastructure and surge in healthcare expenditure positively affect the home infusion therapy market. Furthermore, technological advancements enhancing the features of the therapy extend profitable opportunities to the home infusion therapy market players in the forecast period of 2021 to 2028.
On the other hand, lack of skilled medical professionals for administration is expected to obstruct the home infusion therapy market growth. The lack of awareness is projected to challenge the home infusion therapy market in the forecast period of 2021 to 2028.
This home infusion therapy market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on home infusion therapy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Home Infusion Therapy Market Scope and Market Size
The home infusion therapy market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the home infusion therapy market is segmented into infusion pumps, intravenous sets, IV cannulas and needleless connectors. Infusion pumps are further segmented into ambulatory infusion pumps, insulin pumps, syringe pumps, elastomeric pumps, patient controlled analgesics (PCA) and volumetric pumps.
- On the basis of application, the home infusion therapy market is segmented into anti-infective, endocrinology, hydration therapy, chemotherapy, enteral nutrition, parenteral nutrition, specialty pharmaceuticals and others. Endocrinology is further segmented into diabetes and others. Hydration therapy is further segmented into athletes and others.
Global Home Infusion Therapy Market Country Level Analysis
The home infusion therapy market is analyzed and market size insights and trends are provided by country, product and application as referenced above.
The countries covered in the home infusion therapy market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the home infusion therapy market due to the growing rate of research and development activities, increasing need for long-term therapy for patients with certain conditions, adoption of new technology in infusion pumps, shifting preference from acute care to home care settings owning to low cost and enhanced patient mobility and development of alternate healthcare settings and home infusion services. Asia-Pacific is expected to witness significant growth rate during the forecast period of 2021 to 2028 because of the increasing prevalence of diabetes and rising patient awareness regarding the benefits of home infusion therapy over in-hospital procedures in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The home infusion therapy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for home infusion therapy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the home infusion therapy market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Home Infusion Therapy Market Share Analysis
The home infusion therapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to home infusion therapy market.
The major players covered in the home infusion therapy market report are BD, Lily, Caesarea Medical Electronics, Baxter, B. Braun Melsungen AG, Fresenius Kabi AG, ICU Medical, JMS Co.Ltd., Smiths Medical, Terumo Corporation, COSMED srl, Optum, Inc., Infusystem, Option Care Health Inc., Moog Inc., CareCentrix, Inc., Lincare Holdings Inc., PromptCare Respiratory, NIPRO, NewIV Medical, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.