Home Infusion Therapy Market growing at 9.0% from 2017 to 2024

Home Infusion Therapy Market share forecast to
reach $28bn by 2024: Global Market Insights Inc.
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.
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.
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U.S. Home Infusion Therapy Market size, By Product, 2013-2024
(USD Million)
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.
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
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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.
Table of Content of Home Infusion Therapy Market:
Chapter 1. Methodology
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition and forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Home infusion therapy industry 360 0 synopsis, 2013 - 2024 (USD Million)
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Home Infusion Therapy Industry Insights
3.1. Industry segmentation
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3.2. Industry landscape, 2013 - 2024 (USD Million)
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Growing geriatric population
3.3.1.2. Advancement in technology
3.3.1.3. Growing hospital acquired infections
3.3.1.4. Presence of home healthcare facilities
3.3.1.5. Rising prevalence of chronic diseases
3.3.2. Industry pitfalls & challenges
3.3.2.1. Dearth of reimbursement
3.3.3. Growth potential analysis
3.3.3.1. By product
3.3.3.2. By application
3.4. Regulatory landscape
3.4.1. U.S.
3.4.2. Europe
3.5. Porter's analysis
3.6. Competitive landscape, 2016
3.6.1. Strategy Dashboard
3.7. PESTEL analysis
About Global Market Insights:
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research and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and industry
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esearch reports offer clients with penetrative insights and actionable market data
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