Home Infusion Therapy Devices Market Research Report - Forecast till 2027

Home Infusion Therapy Devices Market Research Report: Information by Product (Infusion Pumps, Intravenous Sets, IV Cannulas, Needleless Connectors, Elastomeric Pumps), Application (Anti-Infectives, Endocrinology, Enteral nutrition, Hydration Therapy, Chemotherapy) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) - Forecast till 2027

ID: MRFR/HC/6434-HCR | February 2021 | Region: Global | 90 pages

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Home Infusion Therapy Devices Market Scenario


The home infusion therapy devices market is expected to grow significantly over the forecast period. The market held a market value of USD 20.1 Billion in 2017 and is projected to register a CAGR of 7.1% over the forecast period. Home infusion therapy devices are devices that are used to deliver medications through a needle or catheter into a vein outside the hospital or clinical setting. The growing demand for home infusion therapy devices is due to factors such as rising geriatric population and raising awareness regarding the services of home infusion.


Additionally, the growing incidence of cancer, diabetes, immune deficiencies, and infections, along with favorable reimbursement scenarios, is driving the growth of the market. For instance, according to the United Nations, the older population is likely to reach 425 million by 2050. This rise in the aging population will lead to a rise in home care as this population is highly prone to various chronic disorders and is at a higher risk of developing complications which are also likely to drive the market.


However, lack of trained manpower along with vast product recalls and lack of standard usage guidelines are the key factors limiting the growth of the market.  


Segmentation


The home infusion therapy devices market has been segmented into product and application.


By product, the market has been segmented into infusion pumps, intravenous sets, IV cannulas, needleless connectors, elastomeric pumps, and others. The intravenous sets segment is expected to register the highest CAGR during the forecast period due to growing demand.


On the basis of application, the market has been segmented into anti-infectives, endocrinology, enteral nutrition, chemotherapy, hydration therapy, parenteral infusion, and others.


The home infusion therapy devices market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The home infusion therapy devices market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada.


The European home infusion therapy devices market has been segmented into Western Europe and Eastern Europe. The Western Europe home infusion therapy devices market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 


The home infusion therapy devices market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The home infusion therapy devices market in the Middle East & Africa has been segmented into the Middle East and Africa.


Key Players


Braun Melsungen AG, Fresenius Kabi AG, Baxter International Inc., Johnson & Johnson Private Limited, Pfizer Inc., Terumo Corporation, Smith & Nephew, Care Fusion Corporation are some of the prominent players in the home infusion therapy devices market.


Regional Market Summary


Home Infusion Therapy Devices Market Share (%), by Region, 2018  Home Infusion Therapy Devices Market_Image


Source: White Papers, Company Presentations, Annual Reports


The Americas is the market leader and has an attractive market for home infusion therapy devices owing to the increasing prevalence of cardiovascular, neurological, and infections pertaining to the rising geriatric population, which is a major trigger factor. For instance, according to the US Census Bureau, in 2016, around 49.2 million residents were aged 65 and above. This huge older population led to over 15.2% of the total population, which is likely to drive the market.


Additionally, according to the Canadian Cancer Society, in 2017, an estimated 206,200 new cases of cancer and 80,800 deaths occurred in Canada. This huge older population and increasing cases of cancer are driving the home infusion devices market. Furthermore, the Americas is witnessing rampant advancements in technology, and increasing government initiatives, and funding for research in the medical devices sector is driving the market growth.


Europe accounts for the second largest market and holds a healthy share in the home infusion therapy devices market due to major driving factors like availability of advanced treatment facilities, increasing healthcare expenditure, and flourishing medical device industry due to the presence of major market players. Additionally, the rising prevalence of chronic disorders such as cardiovascular disorders, neurological disorders, among other disorders, is driving the growth of the market. Additionally, rising surgical procedures is driving the growth as home care is required after surgical procedures. According to the National Health Service (NHS), surgery is the most important treatment offered by the NHS in secondary care within the UK. Furthermore, in 2015, NHS estimated that there were around 4.7 million surgical admissions in England, out of which 1.3 million procedures were for general surgery and around 1.2 million procedures were for trauma and orthopedics.


Asia Pacific is expected to be the fastest growing market, owing to the huge patient pool, a faster adaptation of healthcare technology, government initiatives to increase the healthcare quality, and availability of favorable insurance policies. Moreover, due to lower cost of clinical trials, research key players have been setting up their regional headquarters and manufacturing plants in Singapore, China, Japan, Korea, and Australia which make a positive growth curve in home infusion therapy devices market in future.


The Middle East & Africa is expected to show the least growth in the market due to some major factors such as lack of awareness, limited access, and availability of treatment facilities. In the Middle East, the United Arab Emirates and Saudi Arabia is the largest market share owing to the development of the healthcare industry and the rising availability of specialty care centers.


Home Infusion Therapy Devices Market, by Product



  • Infusion Pumps

  • Intravenous Sets

  • IV Cannulas

  • Needleless Connectors

  • Elastomeric Pumps

  • Others


Home Infusion Therapy Devices Market, by Application



  • Anti-Infectives

  • Endocrinology

  • Enteral nutrition

  • Chemotherapy

  • Hydration Therapy

  • Parenteral Infusion

  • Other


Home Infusion Therapy Devices Market, by Region



  • Americas

    • North America

      • US

      • Canada



    • Latin America





  • Europe

    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe



    • Eastern Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific





  • The Middle East & Africa

    • Middle East

    • Africa




Intended Audience



  • Medical device manufacturer

  • Channel partners

  • Industry association

  • Governments and investment communities

  • Research organizations and associations

  • Healthcare industry



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2017: USD 20.1 Billion
  • 2027: Significant Value
  •   CAGR   7.1% (2019-2024)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Product, Application,
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Braun Melsungen AG, Fresenius Kabi AG, Baxter International Inc., Johnson & Johnson Private Limited, Pfizer Inc., Terumo Corporation, Smith & Nephew, Care Fusion Corporation
      Key Market Opportunities   New product launches and R&D Amongst major key Players
      Key Market Drivers

  • Growing incidence of cancer, diabetes, immune deficiencies, and infections
  • Rise in the aging population
  • Rise in home care


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    Frequently Asked Questions (FAQ) :

    The home infusion therapy devices market is projected to grow at a 7.1% CAGR between 2019-2024.

    The Americas is predicted to lead the home infusion therapy devices market.

    Leading players profiled in the home infusion therapy devices market include Care Fusion Corporation, Smith & Nephew, Terumo Corporation, Pfizer Inc., Johnson & Johnson Private Limited, Baxter International Inc., Fresenius Kabi AG, and Braun Melsungen AG.

    Specific strategies adopted by industry players to create a foothold in the home infusion therapy devices market include joint ventures, acquisitions, R&D, and product launches.