Global Home Infusion Therapy Devices Market Driven by Growing Incidence of Pain, Cancer and Diabetes and Rapid Increase in Geriatric Population
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The Home Infusion Therapy Devices market is segmented based on product type, application, end user and region. On the basis of product type, the market is segmented into disposable elastomeric pumps, insulin pumps, PCA pumps, electronic ambulatory pumps and infusion system pumps accessories. Disposable elastomeric pumps have the highest demand, owing to the higher response rate in home infusion therapy.
Based on application the market is segmented as enteral nutrition, parenteral nutrition, chemotherapy, antibiotic administration and others. Parenteral nutrition segment is slated to record the highest demand, owing to the higher response rate in home infusion therapy.
Based on end user the market is segmented into home care setting and long term care centers. Home care setting is said to hold major market share and register a CAGR of 7.6% in terms of value over the forecast period owing to the increasing availability.
On the basis of region, the market has been segmented into North America, Latin America, Europe, Asia Pacific, and the MEA. North America region dominated the global home infusion therapy devices market, which held around 34.7% of the global market in 2016 and is expected to continue to dominate the overall market partly due to higher awareness and entry of key players into the market by launching different products.
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Companies are focusing on collaborations to develop new and more effective products. The product type segment of the home infusion therapy devices market will be boosted by its higher response rate and increasing investments in R&D leading to inorganic growth. The global home infusion therapy devices is highly fragmented owing to the presence of various companies such as B. Braun Melsungen AG., Becton, Dickinson and Company, Johnson & Johnson Private Limited (Animas Corporation), Fresenius Kabi AG, Terumo Corporation, F. Hoffmann-La Roche AG, Smith & Nephew, Pfizer Inc., Baxter International Inc. and Micrel Medical Devices S.A.
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