openPR Logo
Press release

Home Infusion Therapy Market to Reflect Significant Incremental Opportunity of US$ 26,747.8 Mn During 2014-2020

11-23-2017 12:44 PM CET | Health & Medicine

Press release from: Persistence Market Research Pvt. Ltd

Home Infusion Therapy Market to Reflect Significant

According to a new market report published by Persistence Market Research “Global Market Study on Home Infusion Therapy Devices - Needleless Connectors to Witness Highest Growth by 2020”, the global home infusion therapy devices market was valued at US$ 15,905.1 Mn in 2014 and is expected to grow at a CAGR of 9% from 2014 to 2020, to reach US$ 26,747.8 Mn by 2020.

Home infusion therapy facilitates intravenous at-home administration of medicines into the patient’s body through needle and catheter. The therapy is prescribed by physicians and administered by trained healthcare professionals. It is used when oral medication is not effective for the treatment of diseases such as cancer and gastrointestinal diseases. It is also used in the treatment of diabetes, cystic fibrosis, dehydration, and acute infections. Home infusion therapy reduces time spent by patients in hospitals, nursing homes, and clinics. The therapy is used to administer drugs, antibiotics, nutrients, and other fluids into the veins on a daily, weekly, or monthly basis, depending on the patient’s condition. Home infusion therapy is an effective and safe alternative against conventional hospitalization for the treatment of diseases. This is due to convenience and friendly environment at the patient’s home, which helps in faster recovery from diseases. Home infusion therapy includes total parenteral nutrition, infusion antibiotic therapy, hydration therapy, IV steroid therapy, chemotherapy, enteral therapy, and pain management. Some major infusion devices used for administration of medicines are infusion pump, intravenous equipment, and needleless connectors. Infusion pumps are categorized as ambulatory infusion pump, large volume infusion pump, and syringe infusion pump.

Read Report Overview @ https://www.persistencemarketresearch.com/market-research/home-infusion-therapy-market.asp

Globally, the home infusion therapy devices market is witnessing significant growth due to the expanding home care market for infusion therapy and increasing application of infusion devices for relieving pain. Moreover, rising aging population, increasing number of chronic diseases, and technological advancements in infusion devices are also supporting the growth of home infusion therapy devices market. However, increasing risk to patient safety and occurrence of mistakes while using infusion devices as well as issues related to reimbursement policies for home infusion therapy inhibit the growth of the market. The global home infusion therapy devices market is anticipated to grow from US$ 15,905.1 Mn in 2014 to US$ 26,747.8 Mn by 2020 at a CAGR of 9% during the forecast period.

In North America, the home infusion therapy devices market is growing due to increasing number of patients with chronic diseases such as cancer, AIDS, and diabetes. In addition, growing aging population is also supporting the growth of home infusion therapy devices market in the region.

The home infusion therapy devices market in Europe is growing due to increasing aging population and rising popularity of non-hospital procedures in the region. Furthermore, increasing number of chronic diseases which requires home infusion therapy, such as cancer, diabetes, and AIDS, is also boosting growth of the Europe home infusion therapy devices market. According to the National Center for Biotechnology Information (NCBI) - a branch of the National Institutes of Health - around 3.4 million new cases of cancer and 1.7 million deaths from cancer were reported in Europe in 2012. Moreover, according to the Oxford Journals, approximately 7 37,747 men and 5 76,489 women died from cancer in Europe in 2013. Furthermore, according to the European Diabetes Leadership Forum 2012, Copenhagen, about 35 million adults in Europe were suffering from diabetes in 2011, which is anticipated to rise to 43 million by 2030.

Asia represents the fastest-growing market for home infusion therapy devices. This is primarily due to growing aging population and cost effectiveness of home infusion therapy. In addition, rising popularity of non-hospital procedures and increasing prevalence of chronic diseases in the region is further driving the market. According to the National Home Infusion Association, home infusion therapy is more cost-efficient compared to hospitalization treatment. For instance, home infusion therapy cost nearly US$ 200 a day compared to less than US$ 2,000 a day in a hospital. According to the Wisut Jaijagcome/East-West Center, the number of people aged 65 years and above in Asia was 207 million in 2000 and the number is expected to reach 857 million by 2050.

Hospira, Inc., B. Braun Melsungen AG, Caesarea Medical Electronics Ltd., Fresenius Kabi AG, and Smiths Medical are some of the leading players in the home infusion therapy devices market. Other players in the home infusion therapy devices market include CareFusion Corporation, ICU Medical, Inc, JMS Co. Ltd., Baxter, and Terumo Corporation.

Request Sample Report @ https://www.persistencemarketresearch.com/samples/2893

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA,Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Home Infusion Therapy Market to Reflect Significant Incremental Opportunity of US$ 26,747.8 Mn During 2014-2020 here

News-ID: 830539 • Views:

More Releases from Persistence Market Research Pvt. Ltd

Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Market to Hit Surpass US$ 679.6 Million by 2032
Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Mar …
Stroke Rehabilitation Market Size The global stroke rehabilitation market size was valued at US$ 266.4 million in 2021 and is expected to grow at a CAGR of 9% from 2022 to 2032. Revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Million by the end of 2032. The growth of the market is being driven by the increasing incidence of strokes, the growing demand for innovative rehabilitation
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthetic Lasers Market
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthe …
Market Study on Aesthetic Lasers The aesthetic lasers market reached US$2.8 billion in global revenue in 2021, and it will continue to expand quickly, with a value CAGR of 6.4%, to reach US$5.5 billion by the end of 2032. The growth of the market is being driven by the increasing demand for minimally invasive cosmetic procedures, rising disposable income, technological advancements, and growing medical tourism. Stay Ahead with Market Intelligence Get Free
Predictive Insights for Precision Medicine: The Global Biosimulation Market is Set to Hit USD 10 billion by 2030
Predictive Insights for Precision Medicine: The Global Biosimulation Market is S …
Biosimulation Market Research The Global Biosimulation Market Size was valued at USD 2.9 billion in 2022 and is expected to reach USD 10.0 billion by 2030, registering a CAGR of 16.9% during the forecast period. The growth of the biosimulation market is being driven by the increasing use of biosimulation in a variety of applications, such as drug discovery, clinical trials, and toxicity prediction.  Market Overview The biosimulation market has experienced rapid growth
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheelchairs to Boost Growth
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheel …
Wheelchair and Components Market The global wheelchair and components market is projected to reach USD 17.9 billion by 2033, at a CAGR of 3.7% from 2022-2033. The growth of the market is driven by the increasing prevalence of disabilities, the rising geriatric population, and technological advancements in wheelchair design and manufacturing. Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/12961 The global wheelchair and components market has witnessed significant growth in

All 5 Releases


More Releases for Infusion

Beacon Infusion Opens New Infusion Location in Hackensack, NJ
PRESS INFORMATION FOR IMMEDIATE RELEASE: July 17, 2020 Contact: Beacon Infusion Healthcare Services www.beaconinfusion.com 833-223-2266 Beacon Infusion Opens New Infusion Location in Hackensack, NJ Rapid growth and expanding patient base accelerate need for new locations HACKENSACK, NJ JULY 17, 2020 – Beacon Infusion Healthcare Services, a pioneer in national freestanding infusion centers providing infusion and long-acting injectable care, announces the addition of a brand-new location to serve its growing patient base. This is Beacon Infusion’s second location in New
Infusion Pumps Market by Product Type (Ambulatory Infusion Pumps, Implantable In …
The Global Infusion Pumps and Accessories Market is estimated to surpass $10 billion by 2026 end at a CAGR of 5.8% from 2019 to 2026. Infusion pumps are medical devices designed for stationary (used at patient bedside), portable wearable use during infusion therapies mainly to administer lifesaving nutrient fluids in a controlled manner into the patient’s system. Thus they are one of the vital for therapeutics or medical treatments. Hype
Veterinary Infusion Pump Market, by Product Type (Syringe Infusion Pump and Larg …
Veterinary Infusion Pump Market - Global Industry Insights Controlled analgesia veterinary infusion pumps are commonly used in healthcare settings and are widely used to transfer medications, nutrients, and fluids inside the patient body at regular intervals in accurate dosages. The infusion of medication into the veterinaries plays a vital role in current therapeutic regimens. They are used across the healthcare settings right from inpatient, outpatient, and private clinics to at-home settings.
Infusion Pumps Market – Latest Developments
Infusion Pumps Market report 2018-2026 focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Infusion Pumps market research report is a professional and in-depth study on the current state of Infusion Pumps Industry. The Infusion Pumps Market research report covers the present scenario and the growth prospects of
Veterinary Infusion Pumps Market 2018 Analysis by Type (Large-Volume Infusion Pu …
The report “Global Veterinary Infusion Pumps Market accounted to USD 29. 78 million in 2016 growing at a CAGR of 6.1% during the forecast period of 2017 to 2024”, the upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Get Free Sample Report Visit @ http://databridgemarketresearch.com/request-a-sample/?dbmr=global-veterinary-infusion-pumps-market This report consists of below pages: • No of pages: 350 • No of Figures:
IV Infusion Pump Accessories Market : IV infusion lines worth US$ 700 Mn by 2025
The research report covers future market projections of the IV infusion pump accessories market. The global IV infusion pump accessories market is expected to reach a market valuation above US$ 2800 Mn by the end of the year of assessment from a value of around US$ 1900 Mn in 2017. The global market for IV infusion pumps is projected to grow at a high value CAGR of 4.5% throughout the