Medical Devices Home Infusion Therapy Marke Research Report | Page 2
Hexa Research
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Alternate site & home services have increased due to the advantages of home infusion. The
same, coupled with familiarity with such treatments, is also anticipated to drive the market
till 2024. Moreover, availability of infusible drugs owing to heavy research & developments
by market players provides lucrative prospects. Product initiatives & advancements also
contribute market revenues.
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Furthermore, home infusion helps patients avoid hospital acquired infections, thereby
propelling the market. The market is split by applications, products, and geographies.
Applications comprise parenteral nutrition and anti-infective. The latter occupied shares
exceeding 27 percent in 2015. Its ‘IV push’ procedure has gained recognition and may grow
further.
Needleless connectors and infusion pumps constitute market products. Infusion pumps
captured significant shares in 2015. They are widely adopted for nutrient & medicine
delivery and preferred over manual drug delivery. The former would display over 9 percent
CAGR during 2016 to 2024. Work safety at hospitals & other medical institutions due to HIV
& Hepatitis transmission (from blood transfusions & needle stick injuries) drive the demand
for this product.
Geographies consist of Europe, Asia Pacific, North America, Middle East & Africa, and Latin
America. North America led the market in 2015. It had over 45 percent shares that year.
Asia Pacific should grow at the fastest CAGR in the near future. Key participants in the
worldwide home infusion therapy market are Baxter, Inc.; CareFusion Corporation; ICU
Medical, Inc.; and Terumo Corporation.
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