Infusion Therapy Market Overview
The Infusion Therapy Market Share Analysis provides the analysis of traders considering their contribution to the overall market. It gives the awareness of its revenue production into the complete market compared to other vendors in the universe. It delivers insights into exactly how dealers are executed in terms of revenue initiation and consumer base compared to others. Knowing market share presents an idea of the size and vendor competitiveness for the base year. It uncovers the market descriptions in terms of growth, breakup, supremacy, and incorporation attributes. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.
Infusion Therapy Market, by Products (Infusion Pump Sets and Accessories and Consumables), Application (Total Parenteral Nutrition, Anti-infective Therapy, Enteral Nutrition, Hydration Therapy, Chemotherapy, IVIg/Specialty Pharmaceuticals, and Other Applications), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
The global Infusion Therapy Market size is projected to reach a CAGR of 7% from 2023-2030.
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Infusion therapy is an alternative to oral treatment that involves the administration of drugs/medicine and nutrition through a sterile catheter or needle. It is usually employed to treat serious or chronic infections that do not respond to oral medications. The therapy is performed at hospitals, infusion therapy centers, or homes and involves the administration of medication via catheters or needles by specially trained professionals such as nurses. Infusion therapy services are commonly employed in the treatment of cancer, gastrointestinal (GI) disorders, dehydration caused by nausea, vomiting, diarrhea, heart failure, chronic pain, and immune system problems.
Infusion therapy services are also utilized in the treatment of rheumatoid arthritis, Crohn’s disease, immune deficiencies, hemophilia, and multiple sclerosis. Hence, an increase in application areas of infusion therapy creates a significant opportunity for companies to expand their services. This, in turn, is projected to drive the global infusion therapy market. Other factors which will propel the market are the rise in the number of people suffering from chronic pain, cancer, and diabetes. Governments in developing countries are making significant investments to modernize healthcare infrastructure, which is likely to increase access to healthcare. This is expected to increase the demand for infusion therapy services. The rise in the prevalence of chronic diseases in developing countries presents lucrative opportunities in the global infusion therapy market
On the other hand, associated risks during the administration of medication, irregularity in the functioning of infusion devices, misguided use of infusion devices, and complex reimbursement policies, may hamper the growth of the market.
As cases of COVID-19 been increasing in 2020, the use of alternate site solutions rose in high demand, and home and specialty infusion providers played a critical role in supporting patients. In April 2020, the American Society of Clinical Oncology (ASCO) issued guidelines for infusion therapies for hospital and home infusion services, to ensure the safety of patients. The American Society of Clinical Oncology (ASCO) reported that there might be rare circumstances of risks with home infusion therapies that could need immediate medical necessities. In these highly unusual situations, the increased risk of a home infusion may be outweighed by the risks associated with the lack of access to biological therapy.
Delvens Industry Expert's Standpoint
The infusion therapy market is poised for substantial growth, driven by the increasing demand for advanced and personalized therapies, the rising prevalence of chronic diseases, and the growing geriatric population. However, overcoming challenges related to cost, reimbursement, and adverse effects of infusion therapy will be crucial for sustained market expansion. With the right strategies and innovations, players in the infusion therapy market are well-positioned to capitalize on the opportunities and shape the future of healthcare delivery.
Infusion Therapy Market Key Findings
· The anti-infective therapy segment is expected to dominate the global home infusion therapy market through the forecast period. Anti-infective therapy is one of the most prescribed home infusion therapies. However, there are few risks intrinsic to such therapy, which can be reduced by a team approach, coupled with careful patient selection criteria, a structured follow-up process, and an emphasis on patient education.
· Home infusion anti-infective therapy can be indicated for various types of infections such as Catheter sepsis, Cellulitis, Chronic urinary tract infections (UTI), Pneumonia, Cystic fibrosis (CF), and Fungal infections.
· Moreover, market players are adopting various inorganic growth strategies to gain a competitive edge. For instance, in October 2018, Shift Labs entered into a collaboration with New England Life Care (NELC), a leading regional provider of home infusion services throughout northern New England, to expand its footprint in the home and alternate site infusion market.
Infusion Therapy Market Regional Analysis
North America to Dominate the Market
· On the other hand, the infusion therapy market in North America is expanding at a rapid pace due to the high incidence rate of chronic diseases such as diabetes and cardiovascular diseases. Also, Asia Pacific is estimated to expand at a rapid pace during the forecast period owing to a rise in healthcare infrastructure. Moreover, the surge in the geriatric population coupled with chronic diseases is likely to propel the market in the region.
· The infusion therapy market in Latin America and the Middle East & Africa is projected to expand at a steady pace due to a rise in the demand for low-cost infusion therapy in these regions.
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Infusion Therapy Market Competitive Landscape
· Terumo Medical Corporation
· Nipro Europe Group Companies
· B. Braun Melsungen AG
· ICU Medical, Inc.
· Medtronic PLC
· Poly Medicure Limited
· Fresenius SE & Co. KGaA
· BIO-MED
· Mediprim GmbH
· Baxter International
· Micrel Medical Devices SA
· Smith’s Medical
· Vygon SA.
Recent Developments in The Infusion Therapy Market
· In July 2020, Voluntis, a healthcare software company, and Biocon Biologics entered into a partnership to develop and provide cutting-edge digital therapeutics based on biologics therapy for aiding diabetes patients.
· In April 2020, CVS Health entered a partnership with UCLA Health to enhance its existing capacity and capabilities to treat more patients in home-based settings, in turn, easing the burden of the COVID-19 crisis on hospitals.
Reasons to Acquire Infusion Therapy Market Report
· Increase your understanding of the market for identifying the best and most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
· Gain authentic and granular data access for Infusion Therapy Market to understand the trends and the factors involved in changing market situations.
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
Table of Contents
The infusion Therapy Market is segmented into various segments such as product, application, and region:
Based on product
Infusion pump sets
Accessories and consumables
Based on the application
Total Parenteral Nutrition
Anti-infective Therapy
Enteral Nutrition
Hydration Therapy
Chemotherapy
IVIg/Specialty Pharmaceuticals
Other Applications
Based on region
Asia Pacific
North America
Europe
South America
Middle East & Africa
Frequently Asked Questions?
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