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Home Infusion Therapy Market 2020 by industry trends, statistics, key companies growth and regional forecast

Author : Ronak Bora | Published Date : 2020-09-03 

Home Infusion Therapy Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Home infusion therapy market drivers include the growing prevalence of chronic diseases as well as the risk of hospital-acquired infections. The COVID-19 outbreak has badly affected patients with other chronic diseases as it is highly infectious. This is likely to shift focus towards adoption of home infusion therapy services over the forthcoming years.

Rising geriatric patient pool along with increasing burden of sedentary lifestyle disorders including diabetes, osteoarthritis and heart diseases may favor home infusion therapy industry forecast. The International Diabetes Federation report (2019) stated that, around 463 million individuals that were suffering from diabetes are estimated to rise to a 700 million in count by 2045.

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Also, U.S. Department of Economic and Social Affairs estimate that 250 million elderly population experience moderate to severe disability. Growing aged population across the globe will fuel the demand for these services and many other healthcare products. Reportedly, global home infusion therapy market size will surpass US$43.7 billion in terms of annual valuation by 2026.

In terms of product, the market is bifurcated into intravenous sets, infusion pumps, needleless connectors, and IV cannulas. Of these, the needleless connectors segment is slated to foresee immense growth over the coming years as they provide enhanced safety, enable smoother surgeries, and also help in physicians adhere to better clinical practices.

In 2019, the segment was valued at about $6.2 billion and is further forecast to record a remunerative growth graph through 2026.

With respect to application, the industry is categorized into anti-infective, hydration therapy, chemotherapy, enteral nutrition, parenteral nutrition, and specialty pharmaceuticals. Of these, the steadily growing geriatric population across the globe is expected to driving the parenteral nutrition segment share.

In addition, an increasing number of malnourished children as well as a high natality rate across the world is likely to further complement the segment size. The population that falls under the aforementioned categories finds it difficult to consume nutrition from the oral route, which is increasing parenteral nutrition demand. Based on these factors, the segment is projected to expand at about 12% through the study period.

The region’s growing geriatric population is likely to drive the Latin America home infusion therapy market over the coming years. According to the National Center for Biotechnology Information, there are an estimated 71 million people aged 60 or above in Latin America and the Caribbean, which represents 11.2% of the total regional population. In 2019, the market held a valuation of $948 million with industry forecasts expecting the segment to observe similar revenue expansion trends through 2026.

The competitive landscape of the global home infusion therapy market is inclusive of players such as Smiths Medical, ICU Medical, Fresenius Kabi, Becton Dickinson, B Braun Melsungen AG, and Baxter International among others. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/home-infusion-therapy-market-report

Partial Chapter of the Table of Content 

Chapter 4.    Global Home Infusion Therapy Market, By Product

4.1. Key segment trends

4.2. Infusion Pump

4.2.1.    Market size, by region, 2015-2026 (USD Million)

4.3. Intravenous sets

4.3.1.    Market size, by region, 2015-2026 (USD Million)

4.4. IV cannulas

4.4.1.    Market size, by region, 2015-2026 (USD Million)

4.5. Needleless connectors

4.5.1.    Market size, by region, 2015-2026 (USD Million

Chapter 5.    Global Home Infusion Therapy Market, By Application

5.1. Key segment trends

5.2. Anti-infective

5.2.1.    Market size, by region, 2015-2026 (USD Million)

5.3. Hydration therapy

5.3.1.    Market size, by region, 2015-2026 (USD Million)

5.4. Chemotherapy

5.4.1.    Market size, by region, 2015-2026 (USD Million)

5.5. Enteral Nutrition

5.5.1.    Market size, by region, 2015-2026 (USD Million

5.6. Parenteral Nutrition

5.6.1.    Market size, by region, 2015-2026 (USD Million

5.7. Others

5.7.1.    Market size, by region, 2015-2026 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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