Global Infusion Therapy Devices Market Statistics, Development and Growth 2017 to 2023
Summary – A New Market Study, “Home
Infusion Therapy Devices Market, 2012 to 2023” Has Been Featured On Wiseguyreports.
Market Outline: Home Infusion Therapy
Devices Market
Home infusion
therapy devices are used to administer drug solutions to treat various diseases
that are unresponsive to the oral medication such as gastrointestinal diseases,
cancer, and pain. Home infusion therapy devices also preferred in dehydration,
diabetes, and cystic fibrosis treatment. Home infusion therapy declines the
unplanned hospitalization and also improves the medication adherence. Most
commonly used home infusion therapy devices for drug administration include
intravenous set, needleless connectors, and infusion pumps among others.
Market
Dynamics: Home Infusion Therapy Devices Market
Increase in
the demand for home infusion therapy from patients, high cost for
hospitalization treatment, a wide range of applications with infusion devices,
and presence of unmet medical needs are anticipated to fuel the home infusion
therapy devices market over the forecast period. Moreover, increase in
geriatric population, technological developments in home infusion therapy
devices, and high prevalence of chronic diseases like diabetes and cancer are
expected to boost the home infusion therapy devices market over the forecast
period. However, the risk associated with the drug administration, product
recalls, unfavorable reimbursement policies and misguidance about the usage of
the device are impede the growth of home infusion therapy devices market over
the forecast years.
Market Scope:
Home Infusion Therapy Devices Market
Home infusion
therapy devices market segmented based on device type, pump type, application,
and application
Based on the
device type, the market is segmented into the following:
Infusion
Pumps
Needleless
Connectors
Intravenous
Sets
Others
Based on the
pump type, the market is segmented into the following:
Enteral
Infusion Pumps
Insulin
Infusion Pumps
Syringe
Infusion Pumps
Patient-Controlled
Analgesia
Volumetric
Infusion Pumps
Others
Based on the
application, the market segmented into the following:
Infectious
Diseases
Pain
Management
Nutrition
Chemotherapy
Others
Based on the
distribution channel, the market segmented into the following:
Hospital
Pharmacies
Retail
Pharmacies
Online
Pharmacies
Market Summary:
Home Infusion Therapy Devices Market
Due to
increase in the prevalence of chronic diseases majorly diabetes and cancer and
increase in awareness about the home infusion therapy devices are anticipated
to fuel the home infusion therapy devices market over the forecast period.
Moreover, technological advancements such as the introduction of smart pumps
that enhancing the overall ease of using home infusion devices are expected to
drive revenue from home infusion therapy devices market. Furthermore, acquisitions
and mergers, collaborations, and product launchings are the key strategies
followed by the market players for generating larger revenue in the home
infusion therapy devices market. For instance, in March 2016, PromptCare
acquired Boston Home Infusion for expanding the product portfolio in Boston
area. Similarly, in October 2016, ICU Medical Inc. acquired Hospira Infusion
Systems for strengthening its home infusion therapy devices portfolio.
Regional
Analysis: Home Infusion Therapy Devices
Market
Geographically,
global home infusion therapy devices market segmented into North America,
Europe, Asia Pacific, Latin America, and Middle East and Africa. North America
home infusion therapy devices market growing due to increase in the awareness
about home infusion therapy devices among key stakeholders, favorable
reimbursement policies, and innovation of novel products are boosting the
market. Europe home infusion therapy devices market expected to grow at a
significant rate due to acquisitions between the companies for instance, in
January 2015, Air Liquide acquired Optical Medical Therapies for expansion of
business in German home infusion market. Asia Pacific home infusion therapy
devices market expected to hold significant share owing to rise in patient
awareness about home infusion therapy devices, adoption of newer devices, an
increase in awareness about the advantages of home infusion therapy devices in
the region. Latin America home infusion therapy devices market is projected to
grow at a significant rate, which is attributed to the expansion of businesses
by the market players, increase in the prevalence of cancer, and increase in
geriatric population. Middle East and Africa home infusion therapy devices
market driven by developing healthcare infrastructure and increase in the
prevalence of chronic diseases like AIDS, cancer, and among others.
Competition
Assessment: Home Infusion Therapy Devices Market
Some of the
market players in the global home infusion therapy devices market include:
Fresenius
Kabi AG (Germany)
Braun
Melsungen AG (Germany)
ICU Medical,
Inc. (U.S.)
Terumo
Corporation (Japan)
JMS Co. Ltd.
(Japan)
Smiths
Medical (U.S.)
Baxter
International Inc. (U.S.)
Caesarea
Medical Electronics Ltd. (Becton, Dickinson and Company) (U.S.)
Hoffmann-La
Roche Ltd. (Switzerland)
Notable
Market Developments: Home Infusion Therapy Devices Market
In April
2017, Becton, Dickinson and company acquired Caesarea Medical Electronics for
strengthening infusion system portfolio including home infusion therapy devices
Key Features
of the Report:
The report
provides granular level information about the market size, regional market
share, historic market (2012 to 2016) and forecast (2017 to 2023)
The report
covers in-detail insights about the competitor’s overview, company share
analysis, key market developments, and their key strategies
The report
outlines drivers, restraints, unmet needs, and trends that are currently
affecting the market
The report
tracks recent innovations, key developments and startup’s details that are
actively working in the market
The report
provides plethora of information about market entry strategies, regulatory
framework and reimbursement scenario
The report
analyses the impact of socio-political environment through PESTLE Analysis and
competition
For More Details : https://www.wiseguyreports.com/reports/2753934-home-infusion-therapy-devices-market-2012-to-2023
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