North America has the largest market for home infusion therapy. This is due to rising number of chronic diseases, increasing healthcare costs in the region. Some of the other large markets for home infusion therapy are Japan, China, Germany and the U.S.
New York, NY -- (SBWIRE) -- 11/28/2014 -- Persistence Market Research Released New Market Report on “Global Market Study on Home Infusion Therapy: Needleless Connectors to Witness Highest Growth by 2020”, the global home infusion therapy market is estimated at USD 15.9 billion in 2014 and is expected to reach USD 26.7 billion by 2020, growing at a CAGR of 9.0% from 2014 to 2020.
Browse the full Global Market Study on Home Infusion Therapy: Needleless Connectors to Witness Highest Growth by 2020 report at http://www.persistencemarketresearch.com/market-research/home-infusion-therapy-market.asp
Rise in aging population and increasing incidence of chronic diseases increases the demand for home infusion therapy in the market. As a result, the market is expected to grow at a CAGR of about 9.0% from 2014 - 2020.
Some of the major drivers which help in increasing demand for home infusion therapy are rising aging population, increasing number of chronic diseases, expanding home care market for infusion therapy, technology advancement in infusion devices and increasing application of infusion devices in pain relieving. However, some of the factors inhibiting the growth of the home infusion therapy market are increasing risk with patient’s safety and occurrence of mistakes while using infusion devices and issues related to reimbursement policies for home infusion therapy. Increase in the use of ambulatory infusion pumps, increasing number of mergers and acquisitions and rising number of products innovations are some of the market trends that have been observed in home infusion therapy market.
North America has the largest market for home infusion therapy, followed by Europe. Some of the other fast growing markets for home infusion therapy are Japan, China, Germany and the U.S.. Asia has the fastest growing market for home infusion therapy. Rise in aging population and increasing healthcare costs are driving home infusion therapy market in the region. Anti-infective/ antibiotics have the largest application based market in the global home infusion market and are expected to grow at a CAGR of about 9.8% from 2014 – 2020.
Baxter is one of the leading players in the home infusion therapy market. Other major players in home infusion therapy market include B. Braun Melsungen AG, Fresenius Kabi AG and CareFusion Corporation.
Browse more market research articles at http://www.persistencemarketresearch.com/articles.asp
Browse more market research press releases at http://www.persistencemarketresearch.com/media-releases.asp
The global home infusion therapy market is segmented as follows:
1) Home Infusion Therapy Market, by Type of Device
2) Home Infusion Therapy Market, by Infusion Pump Devices
Volumetric infusion pump
Syringe infusion pump
Insulin infusion pump
Enteral infusion pump
Ambulatory infusion pump
Patient Control Analgesia (PCA) infusion
Implantable infusion pump
3) Home Infusion Therapy Market, by Application
Total Parenteral Nutrition(TPN)
Hydration infusion pump
4) Home Infusion Therapy Market, by Type of Disease
5) Home Infusion Therapy Market, by Geography
Rest of the World (RoW)
About Persistence Market Research (PMR)
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.