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According to the latest market report published by Persistence Market Research titled
‘Home Infusion Therapy Devices Market: Global Industry Analysis (2012-2016) and
Forecast (2017-2025),’ the global Home Infusion Therapy Devices market is
expected to expand at a CAGR of 6.8% during the forecast period 2017–2025.
Persistence Market Research delivers key insights and presents a revised forecast of
the global Home Infusion Therapy Devices market for an eight year period from 2017
to 2025. The revision in the market size and forecasts have been carried out taking
into account the impact of various macroeconomic indicators and other industry
based demand driving factors, as well as the recent developments of key market
participants. The global home infusion therapy devices market is projected to expand
at a healthy CAGR of 6.8% in terms of value during the forecast period, revised from
the previous CAGR of 5.5%, due to factors regarding which PMR offers useful
insights in detail in this report.
Home infusion therapy facilitates the intravenous administration of medicines into
the body of a patient with a needle or catheter. It is prescribed by physicians and
administered by trained professionals and nurses. It is used when oral medication is
not effective for the treatment of diseases. It reduces the time spent by patients in
hospitals, nursing homes and clinics. It includes continuous and slow administration
of drugs, antibiotics, nutrients and other fluids into the veins on a daily, weekly, or
monthly basis, depending on the patient’s condition. Home infusion therapy is an
effective and safe alternative against conventional hospitalization for treatment of
diseases as it is provided in a friendly environment that helps in faster recovery from
diseases. Home infusion therapy is employed in the treatment of diseases that are
unresponsive to oral medication, such as cancer and gastrointestinal diseases. It is
also used in the treatment of diabetes, cystic fibrosis, dehydration and acute
infections. Home infusion therapy improves medication adherence and reduces
unplanned hospitalization. Home infusion therapy includes total parenteral nutrition,
infusion antibiotic therapy, chemotherapy and enteral therapy. Some major infusion
devices used for administration of medicines are infusion pumps, intravenous
equipment and others.
On the basis of region, the market has been segmented into North America, Latin
America, Europe, Asia Pacific, and the MEA. North America region dominated the
global home infusion therapy devices market, which held around 34.7% of the global
market in 2016 and is expected to continue to dominate the overall market partly due
to higher awareness and entry of key players into the market by launching different
products.
Vendor Insights
Companies are focusing on collaborations to develop new and more effective
products. The product type segment of the home infusion therapy devices market will
be boosted by its higher response rate and increasing investments in R&D leading to
inorganic growth. The global home infusion therapy devices is highly fragmented
owing to the presence of various companies such as B. Braun Melsungen AG.,
Becton, Dickinson and Company, Johnson & Johnson Private Limited (Animas
Corporation), Fresenius Kabi AG, Terumo Corporation, F. Hoffmann-La Roche
AG, Smith & Nephew, Pfizer Inc., Baxter International Inc. and Micrel Medical
Devices S.A.
Report Overview with TOC @ https://www.persistencemarketresearch.com/marketresearch/home-infusion-therapy-devices-market-102017/toc
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