The global demand for Home Infusion Therapy Devices Market is presumed to reach the market size of nearly USD 63.5 MN by 2028 from USD 37.54 MN in 2021 with a CAGR of 7.8% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Units in 2021 and forecast to touch XX Units by 2028 with a CAGR of XX% during 2022-2028.
Home infusion therapy is administering medications or biologicals intravenously or subcutaneously to a patient at home. Antivirals, immune globulin and other drugs, a piece of equipment like a pump and supplies including tubing and catheters are required for home infusion therapy. Needleless connectors, infusion pumps, and intravenous sets are some of the most regularly used infusion devices for medicine administration.
Market Dynamics
The market growth is pushed forward by several factors, including an ageing population with a lower mobility profile, a growing preference for home care, and rapid technological improvements. Infusion treatment is used to treat various illnesses that cannot be addressed with oral medications, like immune deficiencies, cancer, and congestive heart failure. Because many patients require long-term care, home infusion therapy is a more cost-effective option than hospital treatment. This particular factor is further augmenting the market growth. Smart pumps are becoming more popular due to their enhanced features. These pumps aid in delivering an exact and controlled rate of infusion, which is very useful for chemotherapy patients. Thus, rising technological advancements in these devices are also contributing to market growth. In contrast, associated risks during medication administration, infusion device irregularities, incorrect use, and complicated reimbursement procedures may stifle market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of home infusion therapy devices. The growth and trends of Home Infusion Therapy Devices Industry provide a holistic approach to this study.
Market Segmentation
This section of the home infusion therapy devices market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Disposable Elastomeric Pumps
- Insulin Pumps
- PCA Pumps
- Electronic Ambulatory Pumps
- Infusion System Accessories
By Applications
- Enteral Nutrition
- Parenteral Nutrition
- Chemotherapy
- Antibiotic Administration
- Others
By End User
- Home Care Settings
- Long Term Care Centers
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Home Infusion Therapy Devices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Home Infusion Therapy Devices Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the home infusion therapy devices market include Baxter International Inc., Fresenius Kabi AG, B. Braun Melsungen AG, Becton, Dickinson and Company, Smith & Nephew PLC., Nipro Corporation, Pfizer Inc., F. Hoffmann-La Roche Ltd, Johnson & Johnson, Terumo Corporation, Micrel Medical Devices S.A., JMS Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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