Sarasota, FL, Sept. 25, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Home Infusion Therapy Market by Product (Infusion Pump, Intravenous Sets, IV Cannulas, and Needleless Connectors) by Application (Anti-Infectives, Endocrinology, Enteral nutrition, Hydration Therapy, Parenteral Nutrition): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022”. According to the report, the global home infusion therapy market was valued at around USD 15.16 billion in 2016 and is expected to reach around USD 27.95 billion by 2022, growing at a CAGR of 10.6 % between 2017 and 2022.
Infusion therapy involves the administration of drug intravenously. It is prescribed when a patient’s condition is much severe and cannot be treated effectively by oral medications. Technological advances have enabled safe and effective administration of infusion therapies at home. Infusion therapy is required in several health conditions which include infections that are not responsive to oral antibiotics, cancer-related pain, dehydration, gastrointestinal disorders and much more. For individuals requiring long-term therapy, inpatient care is needed Home infusion has been proven to be a safe and effective alternative.
Browse through 30 Market Tables and 18 Figures spread through 110 Pages and in-depth TOC on "Global Home Infusion Therapy Market: Industry Type, Size, Share, Statistics, Applications, and Forecast 2016 – 2022”.
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Based on Product type, the market can be segmented into the infusion pump, intravenous sets, IV cannulas and needleless connectors. Infusion pump was the major segment and it accounted the major share of total revenue generated in 2016. Needleless connectors are fastest growing segments in this market. On the basis of application type, the market is divided into anti-infectives, endocrinology, enteral nutrition, hydration therapy, chemotherapy, parenteral infusion, immunoglobulin infusion and others. Anti-infectives was the major segment and it accounted for over maximum share of total revenue generated in 2016. Enteral nutrition, parenteral infusion, and chemotherapy were the fastest growing segments in this market.
The global home infusion therapy market by North America and it held a maximum share of total revenue generated in 2016. This growth can be attributed to the presence of key players and good health awareness among people. The growth is also due to a large number of chronic diseases and growing geriatric population in this region. There is a significant increase in IV based therapy drugs to treat chronic and rare diseases (including blood factors, corticosteroids, growth hormones, immunoglobulin, monoclonal therapies and others) are being infused in home settings. There is a rise in adoption of home infusion therapy in the administration of anti-infectives such as antibiotics, antiviral, antifungal drugs, chemotherapy drugs, parenteral nutrition, hydration products and pain management.
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North America emerged as the largest market for home infusion therapy market and it accounted for 40% market share of total revenue generated in 2016. National Home Infusion Assn. estimated that there are 700 to 1,000 home infusion companies in operation today, bringing in revenue of 9–11 USD billion per year. Population being more aware of the benefits of home infusion therapy market is augmenting the growth in this region. Growing geriatric population and rising incidence of cancer, congestive heart failure, Crohn’s Disease, hemophilia, immune deficiencies, multiple sclerosis are driving the growth in this region. Furthermore, growth in this market is owing to easy availability of physicians home infusion therapy providers and good economic condition.
Europe is likely to be the second largest regional market and is expected to show strong growth in the years to come. The Europe home infusion therapy market is driven by continuously rising demand for high-quality patient care and service and increasing adoption of home infusion therapy for treatment and prevention of diseases. The U.K. represents the largest home infusion therapy market in this region. The cost of infusion therapy administered in the home or alternate-site care setting is far less than the cost of hospital or nursing homes representing lucrative growth in this region.
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Asia Pacific accounted for a maximum share of the total market in 2014 and is expected to witness the fastest growth in the near future. The growth in the market is led by rising geriatric population, growing disposable income, rising consumer spending towards healthcare in emerging economies such as China, India. Rising awareness regarding the use the of home infusion therapies, growing number of privately held home infusion therapy providers and financed hospitals and clinics are the other key drivers for the market in the Asia Pacific. Increasing healthcare industry in Brazil and rest of Latin America is anticipated to fuel the market growth in the region. Middle East & Africa is estimated to witness steady growth during the forecast period.
Some of the key players operating in the market such as Baxter, B. Braun Melsungen AG, Care Fusion Corporation, ICU Medical, Inc., Fresenius Kabi AG, JMS Co. Ltd., Terumo Corporation, Smiths Medical and Caesarea Medical Electronics.
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This report segments the global home infusion therapy market as follows:
Global Home Infusion Therapy Market: Product Type Segment Analysis
- Infusion Pump
- Intravenous Sets
- IV Cannulas
- Needleless Connectors
Global Home Infusion Therapy Market: Application Type Segment Analysis
- Enteral nutrition
- Immunoglobulin Infusion Therapy
- Hydration Therapy
- Parenteral Infusion
Global Home Infusion Therapy Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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