Infusion therapy Market is currently emerging market as the therapy are ideally refers to the administration of solutions or medications via the IV, subcutaneous, intraosseous, and intraspinal route. The infusion therapy is ideally a process where the patient receive medication via different administration. Home infusion therapy further offer patient comprehensive and innovative source for health care in the comfort of their home. It acts as a safe and effective alternative to inpatient care for variety of therapies and diseases. Home administered infusion therapy includes anti-infective, hydration therapy, chemotherapy, enteral nutrition, parenteral nutrition which management of diseases. The growing demand for various products in home infusion therapy is expected to drive the market growth during the estimated time period.
Market Dynamic – Global Home Infusion Therapy Market
The global home infusion therapy market is majorly driven by growing geriatric population, advancements in technology and rising prevalence of chronic disease. The increasing prevalence of diseases, chronic medical ailment such as cancer, diabetes has led the rising requirement for home infusion therapy globally. Besides, the demand for market is majorly due to growing cases of HAI (hospital acquired infections) which has further created ample of new growth opportunity for market. Besides, COVID-19 spread, and requirement for treatment in various diseases, COVID-19 has boosted the market growth to huge extend. Likewise, availability of cost effective and user-friendly home infusion therapy has fuelled the growth of market. The rising preference for home infusion therapy worldwide is expected to drive the market growth during the estimated time period.
COVID-19 Impact on Global Home Infusion Therapy Market Report
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360-degree analysis of micro and macro-economic factors on the home infusion therapy market. In addition, complete analysis of changes on home infusion therapy market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
Home Infusion Therapy Market Segmental Overview
The home infusion therapy market comprises of different market segment like product, application and geography.
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Home Infusion Therapy Market by Product
Home infusion therapy is the administration of medication through a needle or catheter, directly into a patient’s bloodstream at their own home. It is used for patients who require intravenous (IV) therapy, and can be used to treat a variety of conditions including infections, cancer, and chronic illnesses. The home infusion therapy market can be segmented by product type, which includes:
- Infusion pumps: These devices are used to deliver fluids, such as medication or nutrients, directly into a patient’s bloodstream. There are several types of infusion pumps including volumetric pumps, syringe pumps, and ambulatory pumps.
- Intravenous sets: These are the components used to deliver medication or fluids through the IV tubing. They typically include the IV catheter, tubing, and connectors.
- IV cannulas: These are small, flexible tubes that are inserted into a patient’s vein to deliver medication or fluids. They are typically used for short-term treatment, and can be inserted in a variety of locations such as the arm, hand, or foot.
- Needleless connectors: These devices are used to connect the IV tubing to the IV catheter without the use of a needle. They are designed to reduce the risk of infection and improve patient safety.
- IV solutions: These are the fluids that are administered through the IV tubing. They can include medications, electrolytes, and nutrients, and are typically delivered in a bag or bottle.
- IV catheters: These are thin, flexible tubes that are inserted into a patient’s vein to deliver medication or fluids. They are typically used for long-term treatment, and can be inserted in a variety of locations such as the chest, arm, or leg.
- Others: Other products used in home infusion therapy can include antibiotics, pain management medications, and other specialty medications.
Home Infusion Therapy Market by Application
Home infusion therapy is used for a variety of medical conditions and applications. The home infusion therapy market can be segmented by application, which includes:
- Anti-infective therapy: This includes the administration of antibiotics, antifungal, and antiviral medications to treat infections. It is a common application of home infusion therapy and is used to treat conditions such as pneumonia, sepsis, and urinary tract infections.
- Hydration therapy: This includes the administration of fluids to maintain hydration levels in patients. It is commonly used for patients who are unable to drink enough fluids, such as those with severe dehydration, vomiting, or diarrhea.
- Chemotherapy: This includes the administration of cancer-fighting medications to treat cancer. Home infusion therapy can be used for both oral and intravenous chemotherapy.
- Enteral nutrition: This includes the administration of nutrition through a feeding tube. It is commonly used for patients who are unable to eat or digest food due to medical conditions such as gastrointestinal disorders or swallowing difficulties.
- Parenteral nutrition: This includes the administration of nutrition directly into the bloodstream. It is used for patients who are unable to eat or digest food and require a higher level of nutrition support.
- Pain management: This includes the administration of pain medications through an IV or other infusion method. It is commonly used for patients with chronic pain or pain from medical procedures.
- Others: Other applications of home infusion therapy can include immunoglobulin therapy for immune disorders, hemophilia treatment, and iron replacement therapy for anemia.
Home Infusion Therapy Market by Geography
The global home infusion therapy market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). North America is expected to dominate in the market during the estimated time period owing to presence of advanced healthcare facilities, increasing adoption of technology-based therapy. Likewise, growing research and development, product innovation has fuelled the demand for market. In addition, burden of different diseases has led the manufacturer with new growth opportunity in market. Likewise, shifting trends and preference for home infusion therapy is boosting the market growth. In addition, Europe is expected to witness growth at specific growth rate in upcoming years due to increasing hospital procedure and large base of geriatric consumers for home infusion therapy market.
Home Infusion Therapy Market Key Players
The key players in home infusion therapy market are B. Braun Melsungen AG, Becton, Dickinson and Company (BD), Hospira, Inc, ICU Medical, Inc, Caesarea Medical Electronics Ltd, Baxter International Inc, JMS Co. Ltd, Smiths Medical, Eli Lilly and Company, Fresenius Kabi, Terumo Corporation and Cosmed among others.
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