U.S. Home Infusion Therapy Market Analysis Focusing on Top Key Players Amsino International, Baxter International, B.Braun Melsungen AG, Becton Dickinson, Caesarea Medical Electronics, Fresenius Kabi, Halyard Health, ICU Medical, Moog, Smiths Medical, and
U.S. Home Infusion Therapy Market will exceed USD 13.5 billion by 2024; as per a new research report. Occurrence of chronic diseases is frequent among geriatric population as compared to the young adults. Elderly people generally prefer home infusion therapy due to its ease in operation and convenience associated with its use. Increasing number of surgical procedures dependent on external supply of nutrition will positively influence adoption of home infusion therapy.
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Rising prevalence of chronic diseases such as diabetes and cancer will act high impacting factor for growth of U.S. home infusion therapy market. Around 13 million Americans suffer from chronic diseases, requiring special care and continuous administration of fluids to maintain health, thereby fueling demand for home infusion therapy.
Technological advancements pertaining to home infusion pump has accelerated adoption rate of home infusion therapy. For instance, integration of advanced technology in infusion pumps have reduced the level of errors while administering fluids into the patient's body. However, Improper reimbursement scenario has negatively affected the market growth by reducing the demand for home infusion therapies. Although, affordability issues have been resolved by some American medical insurance companies that will help in increasing the demand for home infusion therapy services over the forecast period.
Infusion pump business segment dominated the U.S. home infusion therapy market in 2017 and is expected to grow significantly over the forecast period. The growth of the segment is accounted to technological developments in the device leading to reduction in errors that otherwise occurred while using the conventional pumps.
Anti-infectives business segment accounted to largest share in 2017 owing to increasing prevalence of skin infections such as candidemia, generating significant demand for anti-infectives therapy.
American associations such as National Home Infusion Association (NHIA) are focusing on implementing strategic decisions to develop the schemes for home infusion that have resolved the affordability issues of geriatric population will further propel industry growth.
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South Atlantic home infusion therapy market will grow due to growing geriatric population, prone to suffering from infections due to reduced immunity. Elderly people generally suffer hospital acquired infections as well as other bacterial and viral infections that require subsequent treatments. Moreover, growing preference for home infusion therapies has increased due to ease and convenience of receiving the treatment at home will further propel industry growth.
Pacific Central home infusion therapy market growth will show considerable growth rate owing to an increase in number of home infusion therapy pharmacies. Increasing prevalence of diseases coupled with growing geriatric population has increased the demand for home infusion therapies in the region.
Some of the major industry players competing in U.S. home infusion therapy market are Amsino International, Baxter International, B.Braun Melsungen AG, Becton Dickinson, Caesarea Medical Electronics, Fresenius Kabi, Halyard Health, ICU Medical, Moog, Smiths Medical, and Terumo Corporation.
Industry players are adopting various strategic initiatives such as collaboration, partnership, merger and acquisition for sustaining competition as well as gain significant market share. In March 2014, Caesarea Medical Electronics entered into a collaboration with CareFusion, a global medical technology company, to expand its infusion product portfolio. The collaboration with CareFusion aimed at expanding company's presence across diverse countries in the world.
Table of content:
Chapter 1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
126.96.36.199. Paid sources
188.8.131.52. Unpaid sources
Chapter 2. Executive Summary
2.1. U.S. home infusion therapy industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Zone trends
Chapter 3. U.S. Home Infusion Therapy Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
184.108.40.206. Growing hospital acquired infections
220.127.116.11. Rising prevalence of chronic diseases
18.104.22.168. Advancements in technology
22.214.171.124. Growing geriatric population
126.96.36.199. Presence of homecare facilities
3.3.2. Industry pitfalls & challenges
188.8.131.52. Dearth of reimbursement
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By application
3.5. Home infusion therapy industry common costs and profit margins analysis
3.5.1. Common cost
184.108.40.206. Relative cost of home infusion therapy, by application
220.127.116.11. Per day cost saving, hospital vs home
18.104.22.168. Average cost of infusion therapy, by drug cost by site of service vs cost of administration
3.5.2. Industry profit margin scenario
3.6. List of hospitals/clinics referring home infusion therapy
3.7. New drug approval scenario, 2018
3.7.1. Major disease indications
22.214.171.124. Rare Diseases
126.96.36.199. Infectious Diseases
188.8.131.52. Neurological Disorders
184.108.40.206. Women's Health
220.127.116.11. Cancer and Blood Disorders
3.7.2. New drug approvals, 2009 - 2018
Home Healthcare Market Size, Trends, & Industry Analysis Report By Component Type (Equipment - (Mobility Assist, Therapeutic, Diagnostics), Service - (Infusion Therapy Services, Telemetry, Respiratory Therapy Service, Rehabilitation, Unskilled Home Care)), By Region: Segment Forecast, 2018 - 2026
The global home healthcare market is estimated to reach USD 447.6 billion by 2025 growing at a CAGR of 8.3% during the forecast period, according to a new study . The report 'Home Healthcare Market Size, By Component Type (Equipment ? (Mobility Assist, Therapeutic, Diagnostics), Service ? (Infusion Therapy Services, Telemetry, Respiratory Therapy Service, Rehabilitation, Unskilled Home Care)), By Region: Segment Forecast, 2018 - 2026' provides an extensive analysis of present market dynamics and predicted future trends.
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