Home Infusion Therapy Market — Global Study on Home Infusion Therapy : Needless Connectors to Witness Highest Growth by 2020

Global Home Infusion Therapy Market Will Reach USD 26.7 billion in 2020: Persistence Market Research

Persistence Market Research Released New Market Report on “Global Market Study on Home Infusion Therapy: Needless Connectors to Witness Highest Growth by 2020”, the global home infusion therapy market is estimated at USD 15.9 billion in 2014 and is expected to reach USD 26.7 billion by 2020, growing at a CAGR of 9.0% from 2014 to 2020.

Home Infusion therapy involves administration of intravenous medication into patient’s body at their homes. It involves the use of needle or catheter for proper medication. It is based on doctor’s prescription. It takes place when oral medication is not effective to cure disease. Home infusion therapy helps in reducing time spent in hospitals, nursing homes and clinics. It includes continuous and slow administration of drug, antibiotic, nutrient and other fluid into vein and tissues on a monthly, weekly and daily basis, depending on the condition of patients and therapy being used in treatment. It is provided by trained professionals and nurses.

It is an effective and safe alternative for patients care as it provides friendly environment to inpatients which helps in early recovery of patients. Diseases which are cured through infusion therapy include infections which are unresponsive to oral medication, cancer and cancer-related pain, gastrointestinal diseases and dehydration. It is also used for curing diabetes, health failure, cystic fibrosis, dehydration, transplants, acute infections or nutritional support. It also helps in improving medication adherence and reducing unplanned hospital stay. Infusion pump, intravenous set and needleless connectors are some of the infusion devices which are used for medication.

North America has the largest market for home infusion therapy. This is due to rising number of chronic diseases, increasing healthcare costs in the region. Some of the other large markets for home infusion therapy are Japan, China, Germany and the U.S.

The cost of home infusion therapy is less as compared to hospital stay costs. This is a major reason for increasing demand of home infusion therapy. In addition, other factors such as rising aging population and increasing number of chronic diseases such as diabetes and cancer, technology advancement in infusion devices and increasing application of infusion devices in pain relieving are driving the market for home infusion therapy. As a result, the market is expected to grow at a CAGR of about 9.0% from 2014 – 2020. However, increasing risk with patient’s safety and occurrence of mistakes while using infusion devices and issues related to reimbursement policies for home infusion therapy are inhibiting the growth of home infusion therapy market.

Rising acceptance for specialty infusion therapy has opened new opportunity for home infusion therapy market. Increasing number of mergers and acquisitions, increasing uses of ambulatory infusion pump and rising number of product innovations are some of the major trends that have been observed in home infusion therapy market.

Some of the major companies operating in the home infusion therapy market are Baxter, B. Braun Melsungen AG, Caesarea Medical Electronics, Fresenius Kabi AG, Smiths Medical, CareFusion Corporation, ICU Medical, Inc., JMS Co. Ltd and TERUMO CORPORATION.

The report segments the market by device: infusion pump, intravenous set and needleless connectors; by application of home infusion therapy: anti-infective/ antibiotics, enteral nutrition, specialty pharmaceuticals, total parental nutrition (TPN), pain management, chemotherapy and hydration infusion pump; by diseases of home infusion therapy: diabetes and cancer; by geographies: North America, Europe, Asia Pacific and Rest of the World (Row). The report provides the market size and forecast for the different segments under these geographies for the period of 2010 to 2020. The report also provides porters five forces analysis of global home infusion therapy market.

Home Infusion Therapy Market, by Type of Device

· Infusion Pump

· Intravenous Set

· Needleless Connectors

Home Infusion Therapy Market, by Infusion Pump Devices

· Volumetric infusion pump

· Syringe infusion pump

· Insulin infusion pump

· Enteral infusion pump

· Ambulatory infusion pump

· Patient Control Analgesia (PCA) infusion

· Implantable infusion pump

Home Infusion Therapy Market, by Application

· Anti-infectives/ antibiotics

· Enteral Nutrition

· Specialty Pharmaceuticals

· Total Parenteral Nutrition(TPN)

· Pain Management

· Chemotherapy

· Hydration infusion pump

Home Infusion Therapy Market, by Type of Disease

· Diabetes

· Cancer

Browse the full Global Market Study on Home Infusion Therapy: Needless Connectors to Witness Highest Growth by 2020 report with TOC at http://persistencemarketresearch.com/market-research/home-infusion-therapy-market.asp

Market History:

Home Infusion therapy involves administration of intravenous medication into patient’s body at their homes. It involves the use of needle or catheter for proper medication. It is based on doctor’s prescription. It takes place when oral medication is not effective to cure disease. Home infusion therapy helps in reducing time spent in hospitals, nursing homes and clinics. It includes continuous and slow administration of drug, antibiotic, nutrient and other fluid into vein and tissues on a monthly, weekly and daily basis, depending on the condition of patients and therapy being used in treatment. It is provided by trained professionals and nurses. The cost of home infusion therapy is less as compared to hospital stay costs, this helps in increasing demand of home infusion therapy. As a result, the market is expected to grow at a CAGR of about 9.0% from 2014 – 2020.

Some of the major drivers which help in increasing demand for home infusion therapy are rising aging population, increasing number of chronic diseases, expansion of home care market for infusion therapy, technological advancement in infusion devices and increasing application of infusion devices in pain relieving. However, increasing risk with patient’s safety and occurrence of mistakes while using infusion devices and issues related to reimbursement policies for home infusion therapy are some factors inhibiting the growth of the home infusion therapy market.

North America has the largest market for home infusion therapy followed by Europe. Some of the other fast growing markets for home infusion therapy are Japan, China, Germany and the U.S. Anti-infective/ antibiotics has the largest application based market in the global home infusion market and is expected to grow at a CAGR of about 9.8% from 2014 – 2020. On the basis of types of devices, home infusion therapy market can be segmented into infusion pump, intravenous set and needleless connectors.

Baxter is one the leading player in the home infusion therapy market. Other major players in home infusion therapy market are B. Braun Melsungen AG, Fresenius Kabi AG, CareFusion Corporation.

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