Home infusion therapy market

Home Infusion Therapy Market, By Product Type (Infusion Pumps (Ambulatory Infusion Pumps, Insulin Pumps, Syringe Pumps, Elastomeric Pumps, Patient Controlled Analgesics (PCA), and Volumetric Pumps), Intravenous Sets, IV Cannulas, and Needleless Connectors), By Application (Chemotherapy, Diabetes, Hydration Therapy, Pain Management, Post-transplant Therapies, Parenteral Nutrition Therapy, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Request Free Sample

Nov 2020
CMI4276
193 Pages
Excel & Pdf
Medical Devices

Summary

Home infusion therapy services offer innovative healthcare services at the doorstep. Infusion therapy administers medication through the needle or catheter. Infusion therapy is generally used when the patient’s condition is very severe and cannot be cured with oral medication. Home infusion is best described as most convenient for patient particularly when the infusion is needed multiple times in a day or long term care. Diseases which need infusion therapies include cancer and cancer-related pain, dehydration, gastrointestinal disorders, congestive heart failure, Crohn's disease, hemophilia, immune deficiencies, multiple sclerosis, and rheumatoid arthritis.

The global home infusion therapy market is estimated to be valued at US$ 1,995.3 million in 2020 and is expected to exhibit a CAGR of 6.5% during the forecast period (2020-2027).

Figure 1. Global Home Infusion Therapy Market Share (%) in Terms of Value, By Region, 2020

The rising prevalence of chronic diseases is expected to drive the market growth during the forecast period.

Rising incidence of chronic diseases such as cardiovascular diseases, cancer, and diabetes is expected to drive growth of the global home infusion therapy market during the forecast period

According to the World Health Organization report published in May 2017, cardiovascular disease is the number 1 cause of death globally. An estimated 17.9 million people died from cardiovascular diseases in 2016, which represents 31% of all global deaths.

According to the Cancer Research UK report published in 2018, around 17 million new cancer cases were diagnosed in 2018 and around 9.6 million deaths occurred due to cancer in 2018.

Home Infusion Therapy Market Report Coverage

Report Coverage	Details
Base Year:	2019	Market Size in 2020:	US$ 1,995.3 Mn
Historical Data for:	2016 to 2019	Forecast Period:	2020 to 2027
Forecast Period 2020 to 2027 CAGR:	6.5%	2027 Value Projection:	US$ 3,108.1 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Product Type: Infusion Pumps: Ambulatory Infusion Pumps, Insulin Pumps, Syringe Pumps, Elastomeric Pumps, Patient Controlled Analgesics (PCA), Volumetric Pumps. Intravenous Set, IV Cannulas, Needleless Connectors. By Application: Chemotherapy, Diabetes, Hydration Therapy, Pain Management, Post-transplant Therapies, Parenteral Nutrition Therapy, Others.
Companies covered:	Becton, Dickinson and Company, B. Braun Melsungen AG, Nipro Corporation, ICU Medical, Inc., Baxter International Inc., Terumo Corporation, Smiths Medical, Fresenius Kabi AG, Eli Lilly and Company, JMS Co. Ltd., and NewIV Medical, Inc.
Growth Drivers:	Rising prevalence of chronic diseases Increasing government initiatives to spread awareness about home infusion therapy
Restraints & Challenges:	Lack of accuracy High Cost Of Home Infusion Therapy

Figure 2. Global Home Infusion Therapy Market Share (%), by Product Type, 2020

Increasing government initiatives to spread awareness about home infusion therapy are expected to drive the market growth during the forecast period

Several government and non-government programs are carried out in order to spread awareness among people regarding home infusion therapy, which is expected to drive the market growth during the forecast period.

For instance, in October 2019, the Centers for Medicare & Medicaid Services issued a rule stating that all home infusion therapy payments will be covered under the Bipartisan Budget Act of 2018.

Moreover, favorable government policies and regulations are expected to propel the market growth.

In February 2018, the Bipartisan Budget Act of 2018 states that all temporary payments of home infusion therapy in the U.S. will be covered by the government in accordance with this regulation.

Thus, increasing awareness regarding home infusion therapy is expected to drive the market growth during the forecast period.

Global Home Infusion Therapy Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency. According to the World Health Organization’s report, the manifestation of coronavirus (COVID-19) has resulted in more than 59.2 million infected individuals worldwide as of November 24^th 2020.

COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of drugs from one place to another.

Furthermore, players operating in the global home infusion therapy market are facing major challenges on various fronts due to the COVID-19 pandemic. The major challenges include supply of raw materials required for manufacturing drug formulations due to irregularities in transportation. Moreover, distributors are experiencing irregular demand for products from the retailers due to an increase in the number of patients suffering from COVID-19 and other life threatening disorders.

Global Home Infusion Therapy Market: Restraint

The pump failures can have high implications on patient’s safety, as these are used for delivering high-risk medications. Thus, the lack of accuracy in delivering the correct volume and dose of fluid can restrain the market growth.

Moreover, advancements in the infusion pump technology and the high cost of these devices makes them unaffordable to a large patient pool that belongs to low and moderate economies. Thus, the cost associated with automatic and smart infusion pumps is expected to restrain the global home infusion therapy market growth.

Key Players

Major players operating in the global home infusion therapy market are Becton, Dickinson and Company, B. Braun Melsungen AG, Nipro Corporation, ICU Medical, Inc., Baxter International Inc., Terumo Corporation, Smiths Medical, Fresenius Kabi AG, Eli Lilly and Company, JMS Co.Ltd., and NewIV Medical, Inc.

Table of Content

*Browse 26 market data tables and 31 figures on "Home Infusion Therapy Market” - Global forecast to 2027

N/A

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the market during the forecast period (2020-2027)?

The global home infusion therapy market size is estimated to be valued at US$ 1,995.3 million in 2020 and is expected to exhibit a CAGR of 6.5% between 2020 and 2027.

What are the major factors driving the global home infusion therapy market growth?

Factors such as the rising prevalence of chronic diseases and increasing government initiatives to spread awareness about home infusion therapy are expected to drive the market growth during the forecast period.

Which is the leading home infusion therapy product type segment in the market?

Infusion pumps segment is expected to hold a major market share owing to increasing product approvals and launches during the forecast period.

Which region holds the largest market share in the global home infusion therapy market?

North America holds the largest market share in the global home infusion therapy market.

What are the key factors hampering growth of the market?

Major factors hampering growth of the market include lack of accuracy in dosage administration and the high cost of home infusion therapy.

Home infusion therapy market

Home Infusion Therapy Market Report Coverage

Table of Contents

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the market during the forecast period (2020-2027)?

What are the major factors driving the global home infusion therapy market growth?

Which is the leading home infusion therapy product type segment in the market?

Which region holds the largest market share in the global home infusion therapy market?

What are the key factors hampering growth of the market?

Which are the major players operating in the market?

Reliability and reputation

Secure Payments By: