The global home infusion therapy market size is expected to
reach USD 38.7 billion by 2026 registering a CAGR of 7.2% from 2019 to 2026,
according to a new report by Grand View Research, Inc. Rapid technological
advancements are some major factors contributing to the market growth. Home
infusion is gradually being considered as an alternative to extended stay in
hospitals or nursing homes for patients suffering from chronic diseases. With
the administration of medications in home settings, patients recover faster,
are more comfortable, and save money. Several government and non-government
programs aimed at reducing the burden of hospital stays by establishing
infusion centers that provide quick IV infusion services are likely to have a
positive impact on the market.
Furthermore, favorable government
policies and regulations are expected to propel the industry growth. In
addition, rising prevalence of diseases, such as Cardiovascular Diseases
(CVDs), cancer, diabetes, and other life-threatening conditions, is expected to
be a high impact rendering driver for the market. According to the WHO, at
present, all the aforementioned diseases account for 60% of total deaths and
43% of the disease burden in U.S. This creates the need to infuse nutritional
products that contain glutamine, phospholipids, glucose, and amino acids, which
in turn, is expected to boost the market growth in the region.
Browse full research report on Home Infusion Therapy Market: https://www.grandviewresearch.com/industry-analysis/home-infusion-therapy-market
Further key findings from the study suggest:
- Infusion pumps led the product segment in 2018 owing to their
extensive use for the delivery of fluids, such as medications and
nutrients, during infusion therapy
- Needleless connectors is the fastest-growing product segment
over the forecast period. These devices provide protection from
needlestick injuries
- Anti-infective segment held the largest share in 2018 owing
to a large number of procedures performed for administering antibiotics
and antifungals
- The chemotherapy segment is expected to witness lucrative
growth during the forecast period on account of initiatives undertaken
pertaining to cancer treatment, such as development of infusion centers by
the Cancer Treatment Centers of America
- The market is highly competitive and is marked by the
presence of key companies, such as B. Braun Melsungen AG; ICU Medical,
Inc.; Baxter; Fresenius Kabi AG; Caesarea Medical Electronics; Terumo
Corporation; CareFusion Corporation; JMS Co. Ltd.; and Smiths Medical
- Most of these companies focus on new product development to
maintain their position in the global home infusion therapy market
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/home-infusion-therapy-market/request/rs1
Grand View Research has segmented the global home infusion therapy
market on the basis of product, application, and region:
Home Infusion Therapy Product Outlook (Revenue, USD Million, 2014
- 2026)
- Infusion
Pumps
- Ambulatory
Infusion Pumps
- Insulin
Pumps
- Syringe
Pumps
- Elastomeric
Pumps
- Patient
Controlled Analgesics (PCA)
- Volumetric
Pumps Market
- Intravenous
Sets
- IV
Cannulas
- Needleless
Connectors
Home Infusion Therapy Application Outlook (Revenue, USD Million,
2014 - 2026)
- Anti-Infective
- Endocrinology
- Diabetes
- Others
- Hydration
Therapy
- Athletes
- Others
- Chemotherapy
- Enteral
Nutrition
- Parenteral
Nutrition
- Specialty
Pharmaceuticals
- Others
Home Infusion Therapy Regional Outlook (Revenue, USD Million, 2014
- 2026)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Spain
- Italy
- France
- Russia
- Asia
Pacific
- Japan
- China
- India
- Australia
- South
Korea
- Latin
America
- Brazil
- Mexico
- Argentina
- MEA
- South
Africa
- Saudi
Arabia
- UAE
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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