The global Home Infusion Therapy market size was valued at US$ 31 billion in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of 8.6% from 2022 to 2032. Infusion Pumps is expected to be the highest revenue-generating product, accounting for an absolute dollar opportunity of nearly US$ 301 Billion during 2022 – 2032.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Home Infusion Therapy Market both at worldwide and provincial levels.
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Market Players: –
- CVS/Coram
- Option Care Health
- BriovaRx/Diplomat
- PharMerica
- Fresenius Kabi
- ICU Medical, Inc.
- B. Braun Melsungen AG
- Baxter
- BD
- Caesarea Medical Electronics
- Smiths Medical
- Terumo Corporation
- JMS Co. Ltd.
Competitive Analysis
CVS/Coram, Option Care Health, BriovaRx/Diplomat (UnitedHealth Optum), PharMerica, Fresenius Kabi, ICU Medical, Inc., B. Braun Melsungen AG, Baxter, BD, Caesarea Medical Electronics, Smiths Medical, Terumo Corporation, JMS Co. Ltd. are some of the key players in the global home infusion therapy market. One of the key factors boosting industry rivalry among market rivals is the rapid use of contemporary healthcare technologies for improved healthcare services.
To retain market share and broaden their product range, significant players commonly adopt techniques such as mergers, acquisitions, and new product releases.
Some of the recent developments of key Home Infusion Therapy providers are as follows:
- In May 2021, Smiths Medical and Ivenix, Inc. announced a partnership to deliver a comprehensive range of infusion management solutions to the U.S. market. The goal of this partnership is to enhance infusion administration and patient safety.
- In March 2021, PromptCare purchased NBN Infusions, Inc, a home infusion and respiratory treatment service provider located in New Jersey. NBN Infusions, Inc. specialises in providing infusion treatment to critically ill patients. PromptCare will gain market share in the Northeastern United States as a result of this transaction.
- In December 2021, Baxter International announced the purchase of Hillrom. It will help the firm extend its global reach while also integrating medical device innovations to improve patient care, save costs, and streamline operations.
- In February 2020, Avoset created a homecare system, AvosetGO, an infusion pump device with embedded touch displays that can be connected and monitored via smart devices.
- In March 2021 Terumo and Glooko, a company that creates remote patient monitoring software and mobile apps, formed a technical agreement to provide diabetes data solutions throughout the world. As a result of the collaboration, data from Terumo’s diabetes care devices will be linked into Glooko’s diabetic data management platform, Diasend.
- In May 2020, the Australian Therapeutic Goods Administration awarded the Evo IQ Syringe Infusion System CE marking and marketing approval.
Similarly, recent developments related to companies offering Home Infusion Therapy have been tracked by the team at Fact.MR, which are available in the full report.
Market Segments Covered in Home Infusion Therapy Industry Analysis
- By Product Type :
- Infusion Pumps
- Elastomeric
- Electromechanical
- Gravity
- Other Infusion Pumps
- Intravenous Sets
- IV Cannulas
- Needless Connectors
- Infusion Pumps
- By Application Type :
- Anti-Infective
- Endocrinology
- Hydration Therapy
- Chemotherapy
- Enteral Nutrition
- Parenteral Nutrition
- Specialty Pharmaceuticals
- Other Applications
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
How Fact.MR Assists in Making Strategic Moves?
The data provided in the Home Infusion Therapy Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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