Home Infusion Therapy Market Size, Share & Trends Report

Home Infusion Therapy Market Size, Share & Trends Analysis Report By Application (Anti-Infective, Endocrinology), By Product (Infusion Pumps, IV Cannulas, Intravenous Sets, Needleless Connectors), And Segment Forecasts, 2019 - 2026

  • Published Date: Apr, 2019
  • Base Year for Estimate: 2018
  • Report ID: 978-1-68038-389-8
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 100

Industry Insights

The global home infusion therapy market size was valued at USD 22.2 billion in 2018 and is projected to expand at a CAGR of 7.2% from 2019 to 2026. Growing geriatric population base suffering from decreased mobility profile boosts the demand for home infusion therapy. Moreover, rising preference for home care is expected to have a positive impact on the demand for home infusion products and services.

Estimates published by the U.S. Department of Health and Human Services suggest that the population aged 65 years and above was 46.2 million in 2014 and will increase over the years to come. The advent of smart pumps made the use of infusion therapy easier in homecare settings.

U.S. home infusion therapy Market

Moreover, rising need to reduce the duration of inpatient stays has encouraged the development of strategies for the administration of infusion therapy in at home or alternate healthcare settings. This is anticipated to boost the market further over the forecast period. Infusion pumps are equipped with enhanced safety features, such as operator alerts and alarms, which are designed to self-activate in case of failure. For example, the device will notify in case the pump fails. This is also likely to contribute to the market growth.

Furthermore, extensive application in delivering fluids containing nutrients and medications in controlled dosages is anticipated to fuel market development.The introduction of technologically advanced products, such as CADD-Solis Ambulatory Infusion Pump by Smiths Medical, catering to the requirements of home care like portable and user-friendly pumps, is also expected to propel the market growth.

Product Insights

Infusion pumps led the global market, in terms of revenue, in 2018 owing to their extensive use for the delivery of fluids, such as medications and nutrients. Moreover, availability of a wide range of products, such as enteral, syringe, multichannel, and peristaltic pumps, is contributing to the segment growth. With the advent of home healthcare, the demand for syringe and ambulatory pumps is on the rise, which will also support the segment expansion.

Germany home infusion therapy Market

Availability of smart pumps with features, such as barcode technology that allows the verification of a patient’s identity thereby helping in preventing the delivery of wrong drugs, will drive the segment further. Needleless connectors are anticipated to progress at the highest CAGR during the forecast period. These devices offer improved safety, enable smooth surgeries, and help in adhering to good clinical practices, which. These factors are attributed to the lucrative growth of this segment.

Application Insights

Anti-infective was the dominant application segment in 2018 owing to a large number of procedures performed for administering antibiotics and antifungals along with the availability of various products. The benefits of anti-infective therapy with home infusion include reduced exposure to Hospital-Acquired Infections (HAIs), cost savings through reduced stays at in-patient units, and improved patient outcomes.

Chemotherapy is estimated to be the second fastest-growing segment expanding at a CAGR of 7.7% over the forecast period. Pumps used for chemotherapy at home are compact, continuous pressure pumps that do not require a battery. Moreover, chemotherapy drugs are provided at the appropriate speed and in right amounts with the help of these pumps.

Regional Insights

North America was the largest regional market in 2018 owing to presence of a large geriatric population base and increased incidence of chronic conditions. The region is expected to continue its dominance over the years to come. Rising need for long-term therapy by patients is driving the market in this region. Development of alternate healthcare settings and home infusion services and shifting the preference from acute care to home care settings due to low cost and enhanced patient mobility will boost the growth further. Asia Pacific is expected to witness the fastest CAGR of 10.5% over the forecast period due to rising patient awareness regarding the benefits of home infusion therapies over in-hospital procedures.

Home Infusion Therapy Market Share Insights

Some of the major companies in the market are B. Braun Melsungen AG; Fresenius Kabi AG; Caesarea Medical Electronics; Baxter; CareFusion Corporation; JMS Co. Ltd.; ICU Medical, Inc.; Terumo Corporation; and Smiths Medical.

These companies are adopting strategies, such as merger & acquisitions, to capture a larger revenue share. In February 2016, PromptCare Companies acquired Boston Home Infusion, a company based in Stoughton. The acquisition helped PromptCare Companies to expand its portfolio of respiratory services and provide their leading home infusion programs in greater Boston area.

Report Scope

Attribute

                               Details

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2026

Market representation

Revenue in USD Million and CAGR from 2019 to 2026

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

Regional scope

North America, Europe, Asia Pacific, Latin America, MEA

Country scope

U.S., Canada, U.K., Germany, Spain, Italy, France, Russia, Japan, China, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, and UAE

15% free customization scope (equivalent to 5 analysts working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2026. For the purpose of this study, Grand View Research has segmented the global home infusion therapy market report on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million, 2014 - 2026)

    • Infusion Pumps

      • Ambulatory Infusion Pumps

      • Insulin Pumps

      • Syringe Pumps

      • Elastomeric Pumps

      • Patient Controlled Analgesics (PCA)

      • Volumetric Pumps Market

    • Intravenous Sets

    • IV Cannulas

    • Needleless Connectors

  • Application Outlook (Revenue, USD Million, 2014 - 2026)

    • Anti-Infective

    • Endocrinology

      • Diabetes

      • Others

    • Hydration Therapy

      • Athletes

      • Others

    • Chemotherapy

    • Enteral Nutrition

    • Parenteral Nutrition

    • Specialty Pharmaceuticals

    • Others

  • Regional Outlook (Revenue, USD Million, 2014 - 2026)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • Spain

      • Italy

      • France

      • Russia

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • MEA

      • South Africa

      • Saudi Arabia

      • UAE

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $6,950
Enterprise Access - $8,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified