Infusion Therapy Market: Introduction
- Infusion therapy is an alternative to oral treatment that
involves the administration of drugs/medicine and nutrition through a
sterile catheter or needle. It is usually employed to treat serious or
chronic infections that do not respond to oral medications.
- The therapy is performed at hospitals, infusion therapy
centers, or homes and involves administration of medication via catheter
or needles by specially trained professionals such as nurses.
- Infusion therapy services are commonly employed in the
treatment of cancer, gastrointestinal (GI) disorders, dehydration caused
by nausea, vomiting and diarrhea, heart failure, chronic pain, and immune
system problems.
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Key Drivers, Restrains, and Opportunities of Global Infusion Therapy
Market
- Infusion therapy services are also utilized in the treatment
of rheumatoid arthritis, Crohn’s disease, immune deficiencies, hemophilia,
and multiple sclerosis. Hence, increase in application areas of infusion
therapy creates significant opportunity for companies to expand their
services. This, in turn, is projected to drive the global infusion therapy
market.
- Rise in number of people suffering from chronic pain, cancer,
and diabetes is a major driver of the global infusion therapy market
- According to The International Agency for Research on Cancer
(IARC), estimates on the global cancer burden has risen to 19.3 million
cases and 10 million cancer deaths in 2020, which means 1 in 5 people
develops cancer during his or her lifetime, and 1 in 8 men and 1 in 11
women die from the disease.
- According to The International Diabetes Federation (IDF),
approximately 463 million adults (20-79 years) were living with diabetes
in 2019, which is estimated to rise to 700 million by 2045. And, diabetes
caused 4.2 million deaths worldwide in 2019.
- Governments in developing countries are making significant
investments to modernize healthcare infrastructure, which is likely to
increase access to healthcare. This is expected to increase the demand for
infusion therapy services. Rise in prevalence of chronic diseases in
developing countries presents lucrative opportunities in the global
infusion therapy market.
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North America to Capture Major Share of Global Infusion Therapy Market
- In terms of region, the global infusion therapy market can be
classified into North America, Europe, Asia Pacific, Latin America, and
Middle East & Africa
- The infusion therapy market in North America is expanding at
a rapid pace due to high incidence rate of chronic diseases such as
diabetes and cardiovascular diseases
- Europe is likely to be the second-largest market during the
forecast period. Expansion of the market in the region is attributed to
technological advancements and increase in investments by pharmaceutical
companies in infusion therapy business. These are expected to boost the
infusion therapy market in Europe.
- The infusion therapy market in Asia Pacific is estimated to
expand at a rapid pace during the forecast period owing to a rise in
healthcare infrastructure. Moreover, surge in geriatric population coupled
with chronic diseases is likely propel the market in the region.
- The infusion therapy market in Latin America and Middle East
& Africa is projected to expand at a steady pace due to a rise in the
demand for low cost infusion therapy in these regions
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Key Players Operating in Global Infusion Therapy Market
Major players
operating in the global infusion therapy market are listed below:
- Becton, Dickinson and company
- Terumo Medical Corporation
- Nipro Europe Group Companies
- B. Braun Melsungen AG
- ICU Medical, Inc.
- Medtronic PLC
- Poly Medicure Limited
- Fresenius SE & Co. KGaA
- BIO-MED
- Mediprim GmbH
- Baxter International
- Micrel Medical Devices SA
- Smith’s Medical
- Vygon SA
- Argon Medical Devices, Inc.
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Global Infusion Therapy Market: Research Scope
Global Infusion
Therapy Market, by Type
- Intravenous
- Epidural
- Intramuscular
- Subcutaneous
Global Infusion
Therapy Market, by Product
- Intravenous Set
- Needleless Catheter
- Infusion Pump
- Accessories
Global Infusion
Therapy Market, by Application
- Antibiotic/Antiviral
- Anti-Coagulation Therapy
- Anti-Emetics
- Anti-Hemophilic Factors
- Blood Factor
- Chemotherapy
- Diabetes
- Enteral Nutrition
- Hydration
- Inotropic Therapy
- Pain Management
- Total Parenteral Nutrition
- Others
Global Infusion
Therapy Market, by End-user
- Hospitals & Clinics
- Infusion Therapy Centers
- Home Care
- Others
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Global Infusion
Therapy Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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