Home Infusion Therapy Market – Business and Innovation Trends 2017-2024

​According to the market research report, “Home Infusion Therapy Market Size By Product (Infusion Pump, Intravenous Sets, IV Cannulas, Needleless Connectors), By Application (Anti-infective, Hydration Therapy, Chemotherapy, Enteral Nutrition, Parenteral Nutrition, Specialty Pharmaceuticals, Others), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, South Korea, Australia, Brazil, Mexico, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024”, by Global Market Insights, Inc. says, Home Infusion Therapy Market size is set to exceed USD 28 billion by 2024.

Increasing demand for homecare facilities and growing number of hospital acquired infections, will drive industry growth over the forecast period. Rapid developments in antibiotics and medications used in chemotherapy will further boost the business revenue.

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Increasing number of infusion applications, growing chronic disease prevalence and rising public and private funding on medical goods and services will fuel home infusion therapy market size. Favorable government initiatives will encourage cancer treatments and boost industry expansion.

Inadequate reimbursement for home infusion therapies and lack of non-uniform and complex reimbursement framework may hamper business growth.

Infusion pump should fuel revenue growth in 2016 due to growing availability of smart pumps and high level of accuracy and precision of these devices. Needleless connectors should witness lucrative growth owing to its rising demand over the coming years.

Browse key industry insights spread across 95 pages with 52 market data tables & 9 figures & charts from the report Home Infusion Therapy Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/home-infusion-therapy-market-report

Enteral nutrition should witness lucrative growth owing to its ability to provide timely nutrition in home setting. Increasing number of chronic diseases and growing geriatric population will stimulate industry expansion over the forecast years.

U.S. home infusion therapy market will grow at a substantial rate over the forecast period. Presence of leading industry players coupled with growing homecare facilities will stimulate business growth. Growing prevalence of cancer and rising incidence of hospital acquired infections (HAI’s) will fuel industry expansion.

UK home infusion therapy market will witness significant growth due to growing number of cardiovascular diseases and increasing prevalence of malnutrition. Increasing demand for home infusion therapy products in rehabilitation and orthopedic applications.

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India will witness considerable growth owing to increasing chronic disease prevalence coupled with rising number of hospital acquired infections (HAI’s). Supportive initiatives by organizations to raise standard of care in infusion therapy and technological advancements will boost infusion therapy products demand.

Some of the prominent business players are B. Braun Melsungen, Baxter International, Caesarea Medical Electronics, CareFusion Corporation, Fresenius Kabi, ICU Medical, JMS, Smiths Medical, and Terumo Corporation. Companies implement strategy such as, mergers, technological advancement and new product development to enlarge the product portfolio and enhance their leadership position in industry.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Home Infusion Therapy Market to surpass $28Bn by 2024

Over the recent years, home infusion therapy market has witnessed an expeditious growth trend, courtesy –  the exemplary advancements in medical technology space. The rise of innovative technological solutions has been facilitated seamlessly by a robust regulatory framework, which has further positively impacted the competitive prospects among the prominent industry players. Furthermore, the technological progress being observed in infusion pumps, which are increasingly being utilized in medical setups such as hospitals, nursing homes, and homecare, shall propel the home infusion therapy industry in the upcoming years.

To cite the most recent development in this industry, one of the prominent medical device manufacturers, Smiths Medical, has recently unveiled an upgraded version of ambulatory infusion pump, which has now been equipped with wireless communication linked to PharmGuard Server software that allows clinicians to securely employ software updates, track the pump locations, manage the performance of pumps remotely and download data reports. Such dynamic and smart product innovations with high-degree of accuracy and precision are set to assist the swift expansion of home infusion therapy market. As per a report published by Global Market Insights Inc., home infusion therapy market size witnessed a valuation of over $14 Billion in 2016.

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Home infusion therapy, in the recent past, has gained renowned traction across the globe, as it has continuously been contemplated as the most appropriate alternative for people suffering from chronic diseases. Concurrently, the significant rise in the geriatric population around the globe, who are vulnerable to chronic diseases such as cancer, diabetes, cardiovascular ailments, and respiratory disorders have contributed to the growth of home infusion therapy market in an unprecedented way.

Speaking of the application landscape of home infusion therapy industry, the predominant ones include hydration therapy, chemotherapy, anti-infectives, enteral nutrition, specialty pharmaceuticals, among others. Out of these, anti-infectives contributed to a sizeable revenue share in 2016. The investment in anti-infectives has been stagnant in the last few years, as no new anti-infective has been formed for community-acquired bacterial pneumonia (CABP) in the last 15 years. This trend is set to change in the near future, as a leading Irish biopharma Nabriva Therapeutics plc has succeeded in the initial phases of evaluating a new anti-infective to treat CABP. Such encouraging initiatives undertaken by industry players in anti-biotics and other applications are bound to aid the home infusion therapy market expansion.

Browse key industry insights spread across 95 pages with 52 market data tables & 9 figures & charts from the report Home Infusion Therapy Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/home-infusion-therapy-market-report

Meanwhile, it would be well advised to take note of the anticipated challenges that might affect the home infusion therapy industry in the upcoming time period. The industry has been marred by the haphazard, inadequate and complex reimbursement system that has negatively impacted business growth. Add to it, the inappropriate use of infusion therapy devices and improper dose administration might severely hamper the growth potential of home infusion therapy industry.

Regionally, the U.S. home infusion therapy market is expected to gain commendable momentum over the forecast period, owing to the presence of prominent industry players complemented with increasing demand for homecare facilities, simplified access to healthcare, and suitable reimbursement policies. Speaking along similar lines, the UK home infusion therapy industry, especially Germany, stands to gain noteworthy benefits as the advancing infusion devices and their increased usage in pain management has been encouraging.

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The home infusion therapy market is spanned by highly aggressive companies such as Smiths Medical, Carefusion, Baxter, ICU Medical, JMS, Terumo, Caesarea Medical Electronics, Fresenius Kabi, B.Braun Melsungen, to name a few. The predominant industry players have coupled their product innovations and technological advancements with robust mergers and alliances to form a strong framework to accentuate sustained growth and expand the customer base. Citing an instance, the world’s preeminent pure-play infusion firm, ICU Medical Inc., has recently wrapped up its acquisition of Hospira Infusion Systems business from Pfizer Inc., a pharmaceutical behemoth. This alliance strengthens the resolve of ICU Medical Inc. to form a company with a complete intravenous therapy product range from non-dedicated infusion sets to smart infusion pumps.

The home infusion therapy industry anticipates further collaborations and acquisitions of leading players with upcoming firm, in turn, boosting the product and profitability portfolio of this domain. According to a report published by Global Market Insights, Inc., home infusion therapy market is forecast to expand at over 9% CAGR from 2017-2024.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
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