Home Infusion Therapy Devices Market Trends and Segments Forecast To 2028

 The global home infusion therapy devices market size was valued at USD 23.3 billion in 2021 and is expected to reach a value USD 53.7 billion by 2028, at a CAGR of 11% during the forecast period 2022-2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and --other qualitative sections with an in-depth TOC on “Global Home Infusion Therapy Devices Market By device Type (Infusion Pump, Needleless Connectors, Intravenous Set, Others), By Pump Type (Enteral Infusion Pump, Insulin Infusion Pump, Syringe Infusion Pump, Patient-Controlled Analgesia, Volumetric Infusion Pump, Others), By Application (Infectious Diseases, Pain Management, Enteral Nutrition, Chemotherapy, Total Parenteral Nutrition, Others), By Distribution channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and Geography - Global/Region/Country Forecast to 2028”.

 

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Technological Advancements will Fuel the Global Home Infusion Therapy Devices Market

Home infusion therapy devices are helpful in administering drug solutions for the treatment of different diseases such as cancer and gastrointestinal diseases, which are not responding to the oral medication. Home infusion therapy devices are majorly used in the treatment of cystic fibrosis, dehydration and diabetes. Medication adherence is improved with the use of home infusion therapies. Infusion pumps, intravenous set and needleless connectors are some of the most frequently used home infusion therapy devices for administering drug to patients. Growing demand for home fusion therapy, presence of unmet medical requirements, several applications of infusion devices and high price of hospitalization treatment are projected to impel the growth of the home infusion therapy devices market over the forecast duration. In addition, increasing cases of chronic illnesses such as cancer and diabetes, growing ageing population and technological advancements in home infusion therapy devices are anticipated to bolster the market over the forecast duration. But, unfavorable reimbursement policies and misguidance regarding the device usage, the risk related to drug administration and product recalls are hampering home infusion therapy devices market growth.

 


Global Home Infusion Therapy Devices Market - Regional Analysis

Based on regional analysis, global home infusion therapy devices market is classified into North America, Latin America, Asia Pacific, Europe, Middle East and Africa. Innovation of new products and growing consciousness amid key stakeholders regarding home infusion therapy devices are impelling North America home infusion therapy devices market. Europe home infusion therapy devices market projected to experience significant growth rate because of the acquisitions between the organizations for example, Air Liquide obtained Optical Medical Therapies in January 2015 for business expansion in German home infusion market. Several benefits of home infusion therapy devices, growing consciousness amid patient regarding home infusion therapy devices and growing adoption of novel technologies are anticipated to drive Asia Pacific market. Latin America home infusion therapy devices market is anticipated to record considerable growth rate due to the business expansion by key players of the market.

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 Global Home Infusion Therapy Devices Market - Competitive Analysis

A Few of the key players operating in the global home infusion therapy devices market are Fresenius Kabi AG (Germany), Braun Melsungen AG (Germany), ICU Medical, Inc. (U.S.), Terumo Corporation (Japan), JMS Co. Ltd. (Japan), Smiths Medical (U.S.), Baxter International Inc. (U.S.), Caesarea Medical Electronics Ltd. (Becton, Dickinson and Company) (U.S.) and Hoffmann-La Roche Ltd. (Switzerland).

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