U.S. home infusion therapy market 2019| Growth, Status and Forecast by 2024

In terms of revenue, U.S. home infusion therapy market forecast projects the industry to amass nearly USD 13.5 billion by 2024. U.S. home infusion therapy market outlook is estimated to gain traction owing to growing prevalence of chronic diseases coupled with increasing rate of hospital acquired infections across the region. As per estimates, infections associated with health care account for over 1.7 million infections and results in approximately 99,000 deaths every year, in American hospitals. Infections are the major cause of chronic diseases, which later require continuous monitoring, thereby fueling demand for home infusion therapies.

Infusion therapy implies medication that is delivered through a catheter or needle into a vein. When a patient receives this therapy outside the clinical setting or hospital, it is termed as home infusion therapy.

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Rising chronic diseases such as cancer and diabetes are estimated to expand U.S. home infusion therapy market size. For instance, approximately 13 million Americans suffer from chronic diseases, requiring care & continuous administration of fluids to maintain health and thereby providing impetus to U.S. home infusion therapy market share.
Infusion pumps are estimated to amass substantial gains in overall market share. In 2017, infusion pump segment dominated the product segment of U.S. home infusion market. Adoption rate of home infusion therapy is gaining traction owing to technological advancements in home infusion pump. For instance, a decline has been witnessed in the level of errors while injecting fluids into the patient’s body with the integration of advanced technology in infusion pumps.

Moreover, American medical insurance companies are focused upon tackling affordability issues and have resolved them as well. These factors are estimated to increase product adoption and hence influence U.S. home infusion therapy market trends over the forecast timeline.

In 2017, anti-infectives segment accounted for the largest share in the overall market and is forecast to witness robust growth rate owing to increasing prevalence of skin infections such as scabies and candidemia, generating momentous demand for anti-infectives therapy. Health associations in America, such as NHIA (National Home Infusion Association) are planning to implement strategic decisions in order to develop schemes for home infusion therapies.

More info about U.S. Home Infusion Therapy Market@ https://www.marketwatch.com/press-release/us-home-infusion-therapy-market-analysis-growth-trends-forecast-2018-2023-2019-07-17

Growing geriatric population coupled with rising focus towards resolving affordability issues for home infusion therapies is anticipated to boost U.S. home infusion market share over the analysis period.

South Atlantic home infusion therapy market is forecast to gain substantial traction in the U.S. home infusion industry owing to growing geriatric population, which is susceptible to infections due to declining immunity. Elderly population primarily suffer from bacterial and viral infections as well as hospital infections, which later on require subsequent treatments and continuous monitoring.
In addition, ease & convenience of receiving treatments at home is gaining traction across the region, thereby shaping U.S. home infusion therapies market outlook over the forecast timespan.

Key industry players contributing towards U.S. home infusion therapy market include Baxter International, Amsino International, B.Braun Melsungen AG, Caesarea Medical Electronics, Becton Dickinson, Fresenius Kabi, ICU Medical, Moog, Halyard Health, Terumo Corporation and Halyard Health. These industry players are adopting strategic initiatives such as collaborations, acquisitions and mergers with other participants in the market in order to support proliferation of home infusion therapies as well as to gain significant market share.

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Prefilled Syringes Market: https://www.marketwatch.com/press-release/97-bn-by-2025-prefilled-syringes-market-size-set-for-massive-growth-2019-09-16

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