Ocean View, Delaware, June 05, 2017 (GLOBE NEWSWIRE) —
Home Infusion Therapy Market is poised to cross USD 26 billion by 2023; according to a new research study published by Global Market Insights, Inc. Increasing aging population and technological advancement in smart infusion pump should drive home infusion therapy market size over the forecast period. Growing age is associated with increased propensity for chronic diseases such as cancer, gastrointestinal and immune disorders. Lifestyle related changes such as consumption of tobacco, alcohol and high calorie diet will boost advancements in home infusion therapy market size. Growing diabetic population along with several other complicated medical conditions will increase infusion therapy demand, thus reducing treatment cost by shortening the hospital stay.
Rising incidence of nosocomial infections owing to improper infection control practices will accelerate demand for home infusion therapy services propelling the business growth. Home infusion therapy market growth is hindered by inadequate private and public reimbursements, unfavourable class of trade terms and lack of skilled medical professionals and professional care takers.
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Infusion pumps will lead the home infusion therapy market size with over USD 6.5 billion revenue, owing to the technological advancements in infusion devices for effective dose measurement and dose delivery. Parenteral nutrition is poised to surpass USD 2.5 billion. Growing geriatric population with age related gastrointestinal disorders will increase inability of patient to consume food through mouth, leading a way for revenue growth over the forecast timeframe.
U.S. home infusion therapy market led the industry with over USD 5 billion due to novel drug developments and treatments. Early adoption of home care services by physicians, and payers will drive growth. China home infusion therapy will witness rapid regional growth attributed to its growing population and adoption of technologically advanced products over the forecast period.
Browse key industry insights spread across 77 pages with 52 market data tables & 10 figures & charts from the report, “Home Infusion Therapy Market” in detail along with the table of contents at:
Global industry revenue will be driven by increasing demand for home based therapy and rapid growth of aging population coupled growing incidence of chronic diseases will fuel the global revenue.
Needleless connectors are the fastest growing product segment due to rising concern over needle stick injuries. Anti-Infective held more than 27% of home infusion therapy market share due to growing patient acceptance and increased patient satisfaction.
Germany home infusion therapy market share accounted for over 28% of regional revenue size. Increasing geriatric population along with growing prevalence of chronic diseases should drive business growth.
Industry participants include Fresenius Kabi, Baxter, B. Braun Melsungen, CareFusion Corporation, Smiths Medical, Terumo Corporation and ICU Medical. Companies are consolidating their market position by increasing their focus on new product development to maintain leadership position in the market.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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