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Value Chain Analysis on U.S. Home Infusion Therapy Market with Terumo Medical Corporation, Becton Dickinson, Baxter Halyard Health, International Inc.
U.S. Home Infusion Therapy Market
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Furthermore, government initiatives and developmental decisions undertaken by American Healthcare Associations that to reduce price of home infusion therapies will propel industry growth. Infusion pump segment held around 51% in market share in 2017 and is estimated to grow at a CAGR of 9.8% over the forecast timeline. Growth is attributed to modifications incorporated in infusion pumps that have reduced errors while administering the fluids in patient’s body. Rising prevalence of diseases and surgical procedures have escalated demand for infusion pumps.
Needleless connectors segment will grow at a CAGR of 10.5% over the forecast period due to growing demand for hydration therapies and rising prevalence of diseases such as malaria, dengue and others that requires continuous supply of fluids. Patients suffering from chronic conditions require continuous supply of medical accessories such as needleless connectors thereby will accelerate business growth over the forecast timeframe.
Anti-infectives accounted for over 27.5% market share in 2017 and is anticipated to continue dominating the industry over the upcoming years. Growing rates of bacterial, viral and other infections coupled with rising rates of hospital acquired infections escalate the demand for anti-infectives therapy enhancing overall industry growth.
Parenteral nutrition segment will witness lucrative growth over the coming years owing to increasing demand for home infusion therapies. Around 40,000 people in U.S. receive home parenteral nutrition safely through variety of catheters. The therapeutic benefits as well as treatment against poor functioning of gastro-intestinal tract disorders through parenteral nutrition should propel its demand over the forecast timeframe.
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Major industry players operating in U.S. home infusion therapy market are Amsino International, Baxter International, B.Braun, Becton Dickinson, Caesarea Medical Electronics, Fresenius Kabi, Halyard health, ICU Medical, Moog, Smiths Medical, and Terumo Corporation. Strategic initiatives undertaken by key industry players include merger, acquisitions and new product launch to assist in gaining competitive advantage as well as achieve sustainable profits.
For instance, in February 2017, ICU medical Inc. completed the acquisition of Pfizer’s Hospira infusion systems business. The inclusion of Hospira’s IV pumps, devices and solutions to ICU Medical’s current portfolio will aid in revenue generation of the company as well as diversification of product portfolio.
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U.S. Home Infusion Therapy Market by Product
o Infusion pump
o Intravenous sets
o IV cannulas
o Needleless connectors
U.S. Home Infusion Therapy Market by Application
o Anti-infectives
o Hydration therapy
o Chemotherapy
o Enteral nutrition
o Parenteral nutrition
o Specialty pharmaceuticals
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