The global Infusion Therapy Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 7.9% during the review period (2022 to 2027)
Infusion therapy is an another to oral treatment that involves the administration of drugs/medicine and nutrition through a sterile catheter or needle. It is typically 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 administration of medication via catheter or needles by specially trained professionals such as nurses. Infusion therapy services are usually employed in the treatment of cancer, gastrointestinal (GI) disorders, dehydration caused by nausea, vomiting and diarrhea, heart failure, chronic pain, and immune system problems. Infusion therapy services are also used in the treatment of rheumatoid arthritis, Crohn’s disease, immune deficiencies, hemophilia, and multiple sclerosis. Hence, rise in application areas of infusion therapy creates significant opportunity for companies to expand their services. This, in turn, is projected to drive the global infusion therapy market. As the healthcare sector is witnessing drastic changes over the past years, residential medical care is becoming the popular choice among patients. There is a progressive fluctuation of patients and healthcare providers to treat non-critical conditions in outpatient settings, including home care settings. Various for-profit and private companies have entered the service sector and are training medical personnel for the delivery of infusion therapy benefits to patients at home.
March 2021 – PromptCare acquired NBN Infusions, Inc., a New Jersey-based home infusion and respiratory therapy service provider. NBN Infusions, Inc. majorly provides infusion therapy services for critically conditioned patients. In this acquisition, PromptCare acquired all assets of NBN Infusions, Inc. This acquisition will help PromptCare to reinforce its market share in the Northeastern U.S.
February 2020 – Avoset developed a homecare system, AvosetGO, an infusion pump device with embedded touch screens which can be connected and watched over via smart devices.
By Type, it is segmented into
By Applications it is segmented into
The home infusion therapy market scope in North America was worth USD 16.90 billion in 2020, owing to the rapid adoption of therapy and the presence of key players in this region. Also, a growing number of patients opting for infusion therapy at home is likely to foster the market in the region. the market in Europe is projected to grow with a significant growth rate owing to the increasing geriatric population coupled with the growing chronic disease burden and increasing number of initiatives by the government and market players towards home infusion therapy in the region.
North America
The Infusion Therapy Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Infusion Therapy Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 7.9% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Becton, Dickinson and company, 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, Argon Medical Devices, Inc. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 89 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Infusion Therapy Market is studied from 2017 - 2027.
What is the growth rate of Infusion Therapy Market?
The Infusion Therapy Market is growing at a CAGR of 7.9% over the next 5 years.
What regions does this Infusion Therapy Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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