Home Infusion Therapy Market Demand and Forecasts 2013 - 2024
The global home infusion therapy market is expected to be USD 28.3 billion by 2024, based on a new report by Radiant insights, inc. Increasing need to contain the soaring healthcare costs has led to a higher preference for home infusion therapies amongst patients requiring long-term care.
The growing healthcare expenditure level is a key concern amongst patients and governments worldwide, necessitating the implementation of effective measures to curb these costs. Hence, the home healthcare option serves as a cost-effective alternative to expensive hospital stays, which is expected to serve this market as a high impact rendering driver throughout the forecast period. Moreover, increasing awareness about the high prevalence of hospital-acquired infections is anticipated to accentuate the importance of home healthcare.
Currently, the major chronic diseases, such as cancer, diabetes, respiratory disorders, cardiovascular diseases, and other life threatening diseases, account for 60% of the total death count and 43% of the global disease burden. The administration of medication in the home setting provides several advantages to patients, which include faster recovery, greater comfort, fewer complications, cost savings, and others. This is expected to drive the growth of the market in the near future.
Download full research Report @ http://www.radiantinsights.com/research/home-infusion-therapy-market
Further Key Findings From The Study Suggest:
• The product segment was dominated by infusion pumps with a market share of around 45.0% in 2015 owing to the greater number of initiatives conducted by the key players pertaining to new product development.
• Needleless connectors are projected to witness the highest CAGR over the forecast period owing to greater benefits associated with their use in comparison to needle connectors.
• Anti-infectives segment contributed to the largest market revenue in 2015. This is mainly due to the fact that it is frequently employed for patients in homecare settings.
• Chemotherapy segment is anticipated to exhibit the highest CAGR of over 9.0% over the forecast period, which is attributable to technological advancements that render their usage convenient.
• Use of injectable drug therapy in endocrinology is also estimated to gain lucrative growth over the forecast period owing to increasing awareness levels of insulin pumps among patients and healthcare providers.
• North America dominated the market in 2015 with revenue of around USD 5.0 billion. Rising government programs and initiatives to promote awareness pertaining to the benefits of home infusion therapy have resulted in the higher revenue generation in this region
• Strategic collaborations, regional expansion efforts, and mergers and acquisitions are some of the foremost strategies adopted by the key players. For instance, in January 2014, Terumo Corporation signed an eight-year agreement to collaboratively market, distribute, and co-brand their peripheral I.V. catheter series with CareFusion Corporation.
Request a Free Sample Copy of this Report @ http://www.radiantinsights.com/research/home-infusion-therapy-market/request-sample
Table of Contents
Chapter 1 Research Methodology & Scope
1.1 Information procurement
1.1.1 Purchased database:
1.1.2 GVR’s Internal Database
1.2 Research Methodology
1.3 Geographic Scope & Assumptions
1.4 Region Wise Market Calculation
1.4.1 Region Wise Market: Base Estimates
1.4.2 Global Market: CAGR Calculation
1.5 Region-based segment share calculation
1.6 List of Secondary Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Home Infusion Therapy Industry Outlook
3.1 Market Segmentation
3.2 Market size and growth prospects
3.3 Home infusion therapy Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 Growing geriatric population base
3.3.1.2 Rising prevalence of chronic disorders
3.3.1.3 Rapid technological advancements
3.3.1.4 Growing incidence of hospital acquired infections
3.3.1.5 Home healthcare as cost effective alternative
3.3.2 Market restraint analysis
3.3.2.1 Presence of complicated reimbursement framework and reimbursement cuts
3.4 Key Opportunities Prioritized
3.5 Industry Analysis Porter’s
3.6 Home Infusion Therapy PESTEL Analysis
Browse all Report of this category @ http://www.radiantinsights.com/catalog/medical-devices
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email : sales@radiantinsights.com
visit our website : http://www.radiantinsights.com/
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
The growing healthcare expenditure level is a key concern amongst patients and governments worldwide, necessitating the implementation of effective measures to curb these costs. Hence, the home healthcare option serves as a cost-effective alternative to expensive hospital stays, which is expected to serve this market as a high impact rendering driver throughout the forecast period. Moreover, increasing awareness about the high prevalence of hospital-acquired infections is anticipated to accentuate the importance of home healthcare.
Currently, the major chronic diseases, such as cancer, diabetes, respiratory disorders, cardiovascular diseases, and other life threatening diseases, account for 60% of the total death count and 43% of the global disease burden. The administration of medication in the home setting provides several advantages to patients, which include faster recovery, greater comfort, fewer complications, cost savings, and others. This is expected to drive the growth of the market in the near future.
Download full research Report @ http://www.radiantinsights.com/research/home-infusion-therapy-market
Further Key Findings From The Study Suggest:
• The product segment was dominated by infusion pumps with a market share of around 45.0% in 2015 owing to the greater number of initiatives conducted by the key players pertaining to new product development.
• Needleless connectors are projected to witness the highest CAGR over the forecast period owing to greater benefits associated with their use in comparison to needle connectors.
• Anti-infectives segment contributed to the largest market revenue in 2015. This is mainly due to the fact that it is frequently employed for patients in homecare settings.
• Chemotherapy segment is anticipated to exhibit the highest CAGR of over 9.0% over the forecast period, which is attributable to technological advancements that render their usage convenient.
• Use of injectable drug therapy in endocrinology is also estimated to gain lucrative growth over the forecast period owing to increasing awareness levels of insulin pumps among patients and healthcare providers.
• North America dominated the market in 2015 with revenue of around USD 5.0 billion. Rising government programs and initiatives to promote awareness pertaining to the benefits of home infusion therapy have resulted in the higher revenue generation in this region
• Strategic collaborations, regional expansion efforts, and mergers and acquisitions are some of the foremost strategies adopted by the key players. For instance, in January 2014, Terumo Corporation signed an eight-year agreement to collaboratively market, distribute, and co-brand their peripheral I.V. catheter series with CareFusion Corporation.
Request a Free Sample Copy of this Report @ http://www.radiantinsights.com/research/home-infusion-therapy-market/request-sample
Table of Contents
Chapter 1 Research Methodology & Scope
1.1 Information procurement
1.1.1 Purchased database:
1.1.2 GVR’s Internal Database
1.2 Research Methodology
1.3 Geographic Scope & Assumptions
1.4 Region Wise Market Calculation
1.4.1 Region Wise Market: Base Estimates
1.4.2 Global Market: CAGR Calculation
1.5 Region-based segment share calculation
1.6 List of Secondary Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Home Infusion Therapy Industry Outlook
3.1 Market Segmentation
3.2 Market size and growth prospects
3.3 Home infusion therapy Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 Growing geriatric population base
3.3.1.2 Rising prevalence of chronic disorders
3.3.1.3 Rapid technological advancements
3.3.1.4 Growing incidence of hospital acquired infections
3.3.1.5 Home healthcare as cost effective alternative
3.3.2 Market restraint analysis
3.3.2.1 Presence of complicated reimbursement framework and reimbursement cuts
3.4 Key Opportunities Prioritized
3.5 Industry Analysis Porter’s
3.6 Home Infusion Therapy PESTEL Analysis
Browse all Report of this category @ http://www.radiantinsights.com/catalog/medical-devices
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email : sales@radiantinsights.com
visit our website : http://www.radiantinsights.com/
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
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