# The Innovation-Oriented Streak Of Home Infusion Therapy Market To Continue
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-11-26
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Global Home Infusion Therapy Devices Market Growth Analysis
Meta Description: Discover the growth potential of the global home infusion therapy devices market with needleless connectors leading the way to reach new heights by 2020.
URL: https://financedigest.com/the-innovation-oriented-streak-of-home-infusion-therapy-market-to-continuehtml

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According to a new market report published by Persistence Market Research “ **Global Market Study on Home Infusion Therapy Devices – Needleless Connectors to Witness Highest Growth by 2020**”, the [**global home infusion therapy devices market**](https://www.persistencemarketresearch.com/market-research/home-infusion-therapy-market.asp) was valued at **US$ 15,905.1 Mn** in 2014 and is expected to grow at a **CAGR of 9%** from 2014 to 2020, to reach **US$ 26,747.8 Mn** by 2020.

Home infusion therapy facilitates intravenous at-home administration of medicines into the patient’s body through needle and catheter. The therapy is prescribed by physicians and administered by trained healthcare professionals. It is used when oral medication is not effective for the [treatment of diseases](https://www.financedigest.com/innovation-at-periodic-intervals-to-upscale-the-liver-disease-treatment-market.html "Innovation at periodic intervals to upscale the Liver Disease Treatment Market") such as cancer and gastrointestinal diseases. It is also used in the treatment of diabetes, cystic fibrosis, dehydration, and acute infections. Home infusion therapy reduces time spent by patients in hospitals, nursing homes, and clinics. The therapy is used to administer drugs, antibiotics, nutrients, and other fluids into the veins on a daily, weekly, or monthly basis, depending on the patient’s condition.

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**Some of the major players in the [home infusion t](https://www.financedigest.com/fibre-to-the-home-market-to-grow-at-a-high-14-4-cagr.html "Fibre to the Home Market to grow at a high 14.4% CAGR") herapy devices market:**

-     Hospira, Inc.
-     B. Braun Melsungen AG.
-     Caesarea Medical Electronics.
-     Fresenius Kabi AG.
-     Smiths Medical.
-     CareFusion Corporation.
-     ICU Medical, Inc.
-     JMS Co. Ltd.
-     Baxter.
-     Terumo Corporation.

[Home infusion therapy is an effective and safe alternative](https://www.financedigest.com/powered-by-poo-ten-weird-and-wonderful-alternative-energy-sources-that-could-soon-be-powering-our-homes-2.html "POWERED BY POO: Ten weird and wonderful alternative energy sources that could soon be powering our homes") against conventional hospitalization for the treatment of diseases. This is due to convenience and friendly environment at the patient’s home, which helps in faster recovery from diseases. Home infusion therapy includes total parenteral nutrition, infusion antibiotic therapy, hydration therapy, IV steroid therapy, chemotherapy, enteral therapy, and [pain management](https://www.financedigest.com/nanotechnology-to-spell-the-growth-quotient-gq-of-postoperative-pain-management-market.html "Nanotechnology to spell the growth quotient (GQ) of Postoperative Pain Management Market"). Some major [infusion devices used for administration of medicines are infusion pump](https://www.financedigest.com/the-iv-infusion-pump-accessories-market-to-witness-steadfast-growth.html "The IV Infusion Pump Accessories Market To Witness Steadfast Growth"), intravenous equipment, and needleless connectors. Infusion pumps are categorized as ambulatory infusion pump, large volume infusion pump, and syringe infusion pump.

Globally, the home infusion therapy devices market is [witnessing](https://www.financedigest.com/the-endoscopes-market-to-witness-innovation-oriented-sustenance.html "The Endoscopes Market to witness innovation-oriented sustenance") significant growth due to the expanding home care market for infusion therapy and increasing application of infusion devices for relieving pain. Moreover, rising aging population, increasing number of chronic diseases, and technological advancements in infusion devices are also supporting the [growth of home infusion therapy devices market](https://www.financedigest.com/agar-market-is-set-to-experience-revolutionary-growth-by-2026.html "Agar Market Is Set to Experience Revolutionary Growth by 2026"). However, increasing [risk to patient safety](https://www.financedigest.com/british-doctors-strikes-risk-patient-safety-minister-says.html "British doctors’ strikes risk patient safety, minister says") and occurrence of mistakes while using infusion devices as well as issues related to reimbursement policies for home infusion therapy inhibit the growth of the market.

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In North America, the home infusion therapy devices [market is growing](https://www.financedigest.com/the-iv-tubing-sets-and-accessories-market-to-grow-on-a-satisfactory-note.html "The IV Tubing Sets and Accessories Market to grow on a satisfactory note") due to increasing number of patients with chronic diseases such as cancer, AIDS, and diabetes. In addition, growing aging population is also supporting the [growth of home infusion therapy devices market](https://www.financedigest.com/carica-papaya-seed-oil-market-2022-present-scenario-and-growth-prospects-2027.html "Carica Papaya Seed Oil Market 2022 | Present Scenario and Growth Prospects 2027") in the region.

The home infusion therapy devices market in [Europe is growing due to increasing aging population and rising](https://www.financedigest.com/analysis-rate-rises-pile-pain-on-sme-firms-in-u-s-and-europe.html "Analysis-Rate rises pile pain on SME firms in U.S. and Europe") popularity of non-hospital procedures in the region. Furthermore, increasing number of chronic diseases which requires home infusion therapy, such as cancer, diabetes, and AIDS, is also boosting [growth of the Europe](https://www.financedigest.com/power-squeeze-curbs-chinese-growth-leaves-europe-in-a-gas-bind.html "Power squeeze curbs Chinese growth, leaves Europe in a gas bind") home infusion therapy devices market. According to the National Center for Biotechnology Information (NCBI) – a branch of the National Institutes of Health – around 3.4 million new cases of cancer and 1.7 million [deaths from cancer were reported](https://www.financedigest.com/strong-nighttime-earthquake-jolts-sleeping-mexicans-at-least-one-death-reported.html "Strong nighttime earthquake jolts sleeping Mexicans, at least one death reported") in Europe in 2012. Moreover, according to the Oxford Journals, approximately 7 37,747 [men and 5 76,489 women](https://www.financedigest.com/bloom-uk-launches-fourth-annual-co-mentoring-scheme-the-exchange-for-senior-and-c-suite-men-and-women.html "Bloom UK launches fourth annual co-mentoring scheme, The Exchange, for senior and C-suite men and women") died from cancer in Europe in 2013. Furthermore, [according to the European Diabetes Leadership](https://www.financedigest.com/how-leadership-helps-emerging-entrepreneurs-according-to-dr-parwiz-daud.html "How Leadership Helps Emerging Entrepreneurs, According to Dr. Parwiz Daud") Forum 2012, Copenhagen, about 35 million adults in Europe were suffering from diabetes in 2011, which is anticipated to rise to 43 million by 2030.

Asia represents the fastest-growing [market for home infusion therapy](https://www.financedigest.com/the-regenerative-therapies-market-to-join-the-growth-adsorption-spectrum.html "The Regenerative Therapies Market to join the growth adsorption spectrum") devices. This is primarily due to growing aging population and [cost effectiveness of home](https://www.financedigest.com/finance-teams-have-been-left-in-the-dark-on-the-real-cost-of-working-from-home.html "Finance teams have been left in the dark on the real cost of working from home") infusion therapy. In addition, [rising popularity of non-hospital procedures and increasing prevalence of chronic diseases in the region is further driving the market](https://www.financedigest.com/ott-content-market-to-rise-to-a-valuation-of-us-245814-4-mn.html "OTT Content Market to rise to a valuation of US$ 245,814.4 Mn"). According to the [National Home](https://www.financedigest.com/still-living-at-home-a-third-of-the-nation-cant-afford-to-rent.html "Still living at home? A third of the nation can’t afford to rent") Infusion Association, home infusion therapy is more cost-efficient compared to hospitalization treatment. For instance, [home infusion therapy cost nearly US$ 200 a day](https://www.financedigest.com/man-charged-under-britains-treason-act-over-christmas-day-incident-at-queens-home.html "Man charged under Britain’s Treason Act over Christmas Day incident at queen’s home") compared to less than US$ 2,000 a day in a hospital. According to the Wisut Jaijagcome/East-West Center, the number of people aged 65 years and above in Asia was 207 million in 2000 and the number is expected to reach 857 million by 2050.

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**The global home infusion therapy [devices market](https://www.financedigest.com/the-hearing-protection-devices-market-to-project-invigoration.html "The Hearing Protection Devices Market To Project Invigoration") is segmented as follows:**

**By Type of Device**

- Infusion pump
- Intravenous set
- Needleless connector

**By Infusion Pump**

- Volumetric infusion pump
- Syringe infusion pump
- Insulin infusion pump
- Enteral infusion pump
- Ambulatory infusion pump
- Patient-controlled analgesia (PCA) infusion pump
- Implantable infusion pump

**By Application**

- Anti-infectives/antibiotics
- Enteral nutrition
- Specialty pharmaceuticals
- Total parenteral nutrition (TPN)
- Pain management
- Chemotherapy
- Hydration infusion pump

**By Type of Disease**

- Diabetes
- Cancer

**By Geography**

- North America
- Europe
- Asia
- RoW

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