Home Infusion Therapy Market: Overview

Owing to a high incidence of chronic diseases, the home infusion therapy market is witnessing uptick in demand. This is because patients with hypertension, strokes, respiratory issues, and kidney problems need consistent monitoring for fluctuations in vital parameters.

Rising preference for home healthcare, especially by the elderly due to limited movement is fuelling the home infusion therapy market. Furthermore, rising need to reduce the stay of patients in hospitals is expected to impel the home infusion therapy market. For example, according to the American Hospital Association, in the U.S., in 2018, almost 36 million hospital admissions were registered. The staggering number of hospital admissions has necessitated to develop programs for home infusion therapy, thereby assisting the growth of home infusion therapy market.

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Home Infusion Therapy Market: Competitive Landscape

The home infusion therapy market is competitive with the presence of several large players. R&D for new product launch and mergers & acquisitions are the key focus of well-entrenched players in the home infusion therapy market.

Prominent companies operating in the home infusion therapy market include Smiths Medical, B. Braun Melsungen, Becton, Dickinson & Company, ICU Medical, Baxter, Fresenius Kabi, Eli Lily & Company, and Terumo Corporation among others.

In a recent development, in April 2020, B. Braun Melsungen obtained emergency use authorization (EUA) from U.S. FDA for using infusion pump with nebulizers to treat COVID-19 patients. The move has resulted in increased product sales, expansion of customer base, and market growth.

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Home Infusion Therapy Market: Key Trends

Low immune system of patients, pediatrics, and rising geriatric population along with high incidence of chronic diseases are fuelling the home infusion therapy market. Focus of key players for the development of home infusion therapy using advanced technologies is further boosting the home infusion therapy market.

On the downside, risks of failure of home infusion devices and lack of favorable reimbursement schemes to render home infusion therapy are slowing the growth of home infusion therapy market.

Home Infusion Therapy Market: Regional Assessment

North America leads the home infusion therapy market due to high incidence of chronic diseases in the region.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Home Infusion Therapy Market

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