Global Home Infusion Therapy Market share to witness growth of 9% from 2017 to 2024 : Global Market Insights Inc. According to the market research report, “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, Others), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, South Korea, Australia, Brazil, Mexico, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024”, by Global Market Insights, Inc. says, Home Infusion Therapy Market size is set to exceed USD 28 billion by 2024. Increasing demand for homecare facilities and growing number of hospital acquired infections, will drive industry growth over the forecast period. Rapid developments in antibiotics and medications used in chemotherapy will further boost the business revenue. Increasing number of infusion applications, growing chronic disease prevalence and rising public and private funding on medical goods and services will fuel home infusion therapy market size. Favorable government initiatives will encourage cancer treatments and boost industry expansion.
Inadequate reimbursement for home infusion therapies and lack of non-uniform and complex reimbursement framework may hamper business growth. Infusion pump should fuel revenue growth in 2016 due to growing availability of smart pumps and high level of accuracy and precision of these devices. Needleless connectors should witness lucrative growth owing to its rising demand over the coming years. Enteral nutrition should witness lucrative growth owing to its ability to provide timely nutrition in home setting. Increasing number of chronic diseases and growing geriatric population will stimulate industry expansion over the forecast years.
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