San Francisco, 04
March , Home Infusion Therapy Market Analysis
By Product (Infusion Pumps, IV Sets, IV Cannulas, Needleless Connectors), By
Application (Anti-Infectives, Endocrinology, Hydration Therapy, Parenteral
Nutrition), And Segment Forecasts, 2018 - 2024
The global home infusion therapy market is expected to be USD
28.3 billion by 2024, based on a new report by Grand View Research, Inc.
Increasing need to contain the soaring healthcare costs has led to a higher
preference for home infusion therapies amongst patients requiring long-term
care.
The growing healthcare expenditure level is
a key concern amongst patients and governments worldwide, necessitating the
implementation of effective measures to curb these costs. Hence, the home
healthcare option serves as a cost-effective alternative to expensive hospital
stays, which is expected to serve this market as a high impact rendering driver
throughout the forecast period. Moreover, increasing awareness about the high
prevalence of hospital-acquired infections is anticipated to accentuate the
importance of home healthcare.
Currently, the major chronic diseases, such
as cancer, diabetes, respiratory disorders, cardiovascular diseases, and other
life threatening diseases, account for 60% of the total death count and 43% of
the global disease burden. The administration of medication in the home setting
provides several advantages to patients, which include faster recovery, greater
comfort, fewer complications, cost savings, and others. This is expected to
drive the growth of the market in the near future.
Access Full Research Report On Home Infusion Therapy Market Analysis:
Further Key Findings From The Study Suggest:
·
The product segment was
dominated by infusion pumps with a market share of around 45.0% in 2015 owing
to the greater number of initiatives conducted by the key players pertaining to
new product development.
·
Needleless connectors are
projected to witness the highest CAGR over the forecast period owing to greater
benefits associated with their use in comparison to needle connectors.
·
Anti-infectives segment
contributed to the largest market revenue in 2015. This is mainly due to the
fact that it is frequently employed for patients in homecare settings.
·
Chemotherapy segment is
anticipated to exhibit the highest CAGR of over 9.0% over the forecast period,
which is attributable to technological advancements that render their usage
convenient.
·
Use of injectable drug therapy
in endocrinology is also estimated to gain lucrative growth over the forecast
period owing to increasing awareness levels of insulin pumps among patients and
healthcare providers.
·
North America dominated the
market in 2015 with revenue of around USD 5.0 billion. Rising government
programs and initiatives to promote awareness pertaining to the benefits of
home infusion therapy have resulted in the higher revenue generation in this
region
·
Strategic collaborations,
regional expansion efforts, and mergers and acquisitions are some of the
foremost strategies adopted by the key players. For instance, in January 2014,
Terumo Corporation signed an eight-year agreement to collaboratively market,
distribute, and co-brand their peripheral I.V. catheter series with CareFusion
Corporation.
Browse More Reports Of This Category By Grand View
Research At: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the home
infusion therapy market on the basis of product and application:
Product Outlook (Market revenue in USD Million, 2013 -
2024)
·
Infusion pumps
o Ambulatory infusion pumps
o Insulin pumps
o Syringe pumps
o Elastomeric pumps
o Patient Controlled Analgesics (PCA)
·
Intravenous Sets
·
IV Cannulas
·
Needleless Connectors
Application Outlook (Market Revenue in
USD Million, 2013 - 2024)
·
Anti-Infectives
·
Endocrinology
o Diabetes
o Others
·
Hydration Therapy
o Athletes
o Others
·
Chemotherapy
·
Enteral Nutrition
·
Parenteral Nutrition
·
Specialty Pharmaceuticals
·
Others
Regional Outlook (Market Revenue in USD Million,
2013 - 2024)
·
North America
o U.S.
o Canada
·
Europe
o UK
o Germany
·
Asia Pacific
o Japan
o China
·
Latin America
o Brazil
o Mexico
·
Middle East and Africa
o South Africa
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-home-infusion-therapy-market
https://www.grandviewresearch.com/press-release/global-home-infusion-therapy-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and consultants,
the company adds 1200+ market research reports to its extensive database each
year. Supported by an interactive market intelligence platform, the team at
Grand View Research guides Fortune 500 companies and prominent academic
institutes in comprehending the global and regional business environment and
carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
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