Home Infusion Therapy Market size is projected to reach USD 26.3 billion by 2023; as per a new research report by Global Market Insights, Inc. Growing base of geriatric population globally, technological advancements in infusion pump devices, and a growing need to curb healthcare expenditure levels by reducing hospital admissions is likely to drive the global home infusion therapy devices market size.
Needleless connector products are set to sustain strong industry position, and are estimated to grow at a healthy 9.5% CAGR from 2016 to 2023. The industry is witnessing increasing patient preference levels for home health settings. Growing healthcare expenditure levels is a prime concern with patients and government constantly striving to curb these costs. With increasing disease prevalence levels and baby boomer population, healthcare expenditure levels are expected to continue over the next decade.
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The growth of home healthcare as a cost effective alternative to expensive hospital stays is should further stimulate home infusion therapy market growth. APAC provides attractive growth opportunities as a region, with revenue targeted in excess of USD 4.9 billion, by 2023.
Smart pumps introduction has simplified infusion therapy usage under home care settings. These pumps have the ability to store dosing guidelines in the drug library of the pump and are helpful to reduce the risk of administering IV medications in a clinical setting.
To access sample pages or view this report titled, “Home Infusion Therapy Market Size By Product [Infusion Pump, Intravenous Sets, IV Cannulas, Needleless Connectors], By Application [Anti-infective, Hydration Therapy, Chemotherapy, Enteral Nutrition, Parenteral Nutrition, Specialty Pharmaceuticals] Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, China, Japan, Brazil, Mexico, South Africa), Application Potential, Competitive Market Share & Forecast, 2016 - 2023” in detail along with the table of contents, please click on the link below:
Key insights from the report include:
Last updated on: 14/09/2016
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