Home infusion therapy market set to register phenomenal revenue growth over 2018-2024|Baxter International, Caesarea Medical Electronics, CareFusion Corporation, Fresenius Kabi, ICU Medical, JMS, Smiths Medical
Home infusion therapy market has witnessed commendable traction across the world owing to the ever-increasing geriatric population coupled with rising patient preference toward home-based infusion therapies. Home-based infusion therapy has been providing significant relief to people suffering from chronic diseases such as diabetes, cancer, respiratory disorders and cardiovascular complexities.
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Concurrently, the prevalence of chronic ailments, including the aforementioned ones, is on the rise across the globe which has necessitated the ailing population to avail the services of home infusion therapy providers. Furthermore, the number of patients responding unsatisfactorily to the conventional medications is growing at an unprecedented rate which, in turn, is propelling the home infusion therapy market to expand at an exceptional pace. The home infusion therapy market size, according to a research report collated by Global Market Insights Inc., witnessed phenomenal revenue growth exceeding $14 Billion in 2016.
In the recent years, hospital-acquired infections have been growing rapidly which has accentuated the demand for home care amenities. Home-based health care offers the comfort of various services such as rehabilitation, medical supplies, pharmaceutical deliveries, home infusion, ease of access to medical equipment and respiratory therapy. In addition, the seamless adoption of cutting-edge innovations in medical technology arena coupled with a strong regulatory structure has contributed tremendously toward the expeditious growth of home infusion therapy market. Smart infusion pumps, one of the prominent products of home infusion therapy industry, has seen an exceptional technological upgradation in the recent past.
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Infusion pumps have found immense usage in medical setups such as nursing homes, home care, and hospitals, which has compelled the home infusion therapy market players to unveil state-of-the-art infusion pumps. A noteworthy instance that can be cited is of Smiths Medical, one of the major medical device manufacturers, which has recently launched the enhanced variant of an ambulatory infusion pump. The latest infusion pump comes equipped with PharmGuard Server-linked wireless communication that enables clinicians to remotely manage the performance of pumps, securely deploy software updates, effortless download of data reports and facilitates tracking the location of infusion pumps. Such stunning product innovations with high-precision and accuracy are bound to favorably impact the growth prospects of home infusion therapy market in the near future.
In the recent times, home infusion therapy market has been symbolized with alliances and acquisitions among the prominent players which have laid a strong emphasis on customer base expansion and enthusiasm for sustained industry growth. To cite an instance, ICU Medical Inc., the world’s predominant pure-play infusion producing enterprise, has concluded its acquisition of Hospira Infusion Systems operations to strengthen its IV therapy and smart infusion products portfolio. At the same time, it would be prudent to mention that the home infusion therapy market is moderately saturated while being highly combative as it includes some of the leading medical device manufacturers such as Baxter, Smiths Medical, Carefusion, Terumo, JMS, B.Braun Melsungen, Fresenius Kabi, and Caesarea Medical Electronics among others. With anticipated technological headways, acquisitions, and collaborations among the leading and upcoming firms, global home infusion therapy market is estimated to witness a CAGR of 9% over 2017-2024.
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Partial Table of Contents (ToC) of the report:
Chapter 4. Home Infusion Therapy Market, By Product
4.1. Home infusion therapy market share by product, 2016 & 2024
4.2. Infusion pumps
4.2.1. Market estimates and forecast, by region, 2013 - 2024 (USD Million)
4.3. Intravenous sets
4.3.1. Market estimates and forecast, by region, 2013 - 2024 (USD Million)
4.4. IV Cannulas
4.4.1. Market estimates and forecast, by region, 2013 - 2024 (USD Million)
4.5. Needleless connectors
4.5.1. Market estimates and forecast, by region, 2013 - 2024 (USD Million)
Chapter 5. Home Infusion Therapy Market, By Application
5.1. Home infusion therapy market share by application, 2016 & 2024
5.2.1. Market estimates and forecast, by region, 2013 - 2024 (USD Million)
5.3. Hydration therapy
5.3.1. Market estimates and forecast, by region, 2013 - 2024 (USD Million)
5.4.1. Market estimates and forecast, by region, 2013 - 2024 (USD Million)
5.5. Enteral nutrition
5.5.1. Market estimates and forecast, by region, 2013 - 2024 (USD Million)
5.6. Parenteral nutrition
5.6.1. Market estimates and forecast, by region, 2013 - 2024 (USD Million)
5.7. Specialty pharmaceuticals
5.7.1. Market estimates and forecast, by region, 2013 - 2024 (USD Million)
5.8.1. Market estimates and forecast, by region, 2013 - 2024 (USD Million)
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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