15th January 2020 – The global Home
Infusion Therapy Market is anticipated to grow at a significant CAGR
during the forecast period. Home infusion therapy is an integral part of
professional practice in developed countries. Though the patients’ scenarios
are different under various circumstances, a considerable amount of risk is
always involved. The nature of home infusion therapy is not only limited to
patient care and device, but also it actively involves accumulation of
consumables and enactment of quality improvement and research activities.
Driving factors for home infusion
therapy market include rise in geriatric population and availability of medical
attention under a strong infrastructure. Apart, homecare therapies/home
infusion therapies are gaining a significant traction in the low income regions
since medical needs are unavailable during emergencies. Medical practices
inclined towards patient betterment are expected to gain a huge traction in the
forecast period. However, expensive nature of home infusion therapy might
challenge the market demand. Product segment for home infusion therapy market
includes infusion pump sets, IV cannulas and needleless connectors. Application
segment includes endocrinology, parenteral nutrition, and hydration therapy.
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Geographical segmentation for home
infusion therapy market includes North America, South America, Europe,
Asia-Pacific, Middle East and Africa. North America accounts for a significant
market share in the forecast period due to rise in government support and
advances in medical technology. Medical benefits offered by government in these
regions are likely to trigger the market growth.
Asia-Pacific regions are likely to grow
at a significant share in the global market due to presence of medical
infrastructure and rise in patient awareness. The homecare therapies are
gaining traction due to emphasis on patient betterment and proper medical
attention for geriatric patients. The key players in the home infusion therapy
industry include Baxter, B.Braun Melsungen AG, Caesarea Medical Electronics,
ICU Medical Inc, Care Fusion Corporation, Fresenius Kabi AG, Terumo
Corporation, Smiths Medicala and JMS Co Ltd.
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