Global Market Study on Home Infusion Therapy Devices: Needleless Connectors to Witness Highest Growth by 2020

106
Published Date: 20-05-2015

Home infusion therapy involves the intravenous at-home administration of medicines into the patient’s body with the help of a needle and catheter. It is prescribed by physicians and administered by trained healthcare professionals. Home infusion therapy is employed for the treatment of certain diseases when oral medications prove to be ineffective or the patient fails to respond to it after a point. It reduces the time spent by patients in hospitals, nursing homes, and clinics. Home infusion therapy facilitates the administration of antibiotics, nutrients, and other fluids into the patient’s veins on a daily, weekly, or monthly basis, depending on the seriousness of the disease. It is an effective and safe alternative to hospitalization for the treatment of diseases. This is due the friendly home environment in which drugs are administered, that subsequently help in faster recovery from diseases. Home infusion therapy is used in the treatment of diseases that remain unresponsive to oral medication such as cancer, pain related to cancer, and gastrointestinal diseases. It is also used to treat diabetes, dehydration, and cystic fibrosis. Home infusion therapy improves medication adherence and reduces unplanned hospitalization. Some major infusion devices used for the administration of medicines include an infusion pump, intravenous set, and needleless connectors.


Home infusion therapy is more cost-efficient than hospitalization. This is a major reason behind the increasing demand for home infusion therapy devices. Moreover, rising aging population, increasing the prevalence of chronic diseases, advancements in technology in infusion devices, and innovative applications of infusion devices in healthcare are boosting the growth of the home infusion therapy devices market. However, increasing the risk to patient safety due to errors while using infusion devices and issues related to reimbursement policies for home infusion therapy hamper the growth of the home infusion therapy devices market. Increasing patient inclination towards specialty infusion therapy has opened up new opportunities for the home infusion therapy devices market. Rising number of mergers and acquisitions, increasing uses of the ambulatory infusion pump and rising number of product innovations are some major trends observed in the global home infusion therapy devices market. 


In terms of geography, North America dominates the home infusion therapy devices market owing 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 the home infusion therapy devices market in the region. In Europe, the home infusion therapy devices market is growing due to increasing aging population and rising popularity of non-hospital procedures for the treatment of diseases in the region. In addition, increasing the number of chronic diseases which requires home infusion therapy, such as cancer, diabetes, and AIDS, is also boosting the growth of the Europe home infusion therapy devices market. Asia represents the fastest-growing home infusion therapy devices market due to increasing geriatric population and costs effectiveness of home infusion therapy.


This report provides in-depth analysis and estimation of the home infusion therapy devices market for the period 2014–2020, considering 2014 as the base year for the calculation. Moreover, data pertaining to current market dynamics, including market drivers, restraints, opportunities, trends, and recent developments, has been provided in the report. The home infusion therapy devices market is categorized on the basis of the type of device, infusion pump, application, disease, and geography. Based on the type of device, the market comprises infusion pumps, intravenous sets, and needleless connectors. Based on infusion pumps, the report covers volumetric infusion pump, syringe infusion pump, insulin infusion pump, enteral infusion pump, ambulatory infusion pump, patient-controlled analgesia (PCA) infusion pump, and implantable infusion pump. Based on the application, the market comprises anti-infectives/antibiotics, enteral nutrition, specialty pharmaceuticals, total parenteral nutrition (TPN), pain management, chemotherapy, and hydration infusion pump. Based on the type of diseases, the report covers diabetes and cancer. On the basis of geography, the home infusion therapy devices market report identifies and analyzes the market size and predictions for North America, Europe, Asia, and Rest of the World (RoW).


Some of the major players in the home infusion therapy devices market are Hospira, Inc., B. Braun Melsungen AG, Caesarea Medical Electronics, Fresenius Kabi AG, Smiths Medical, CareFusion Corporation, ICU Medical, Inc, JMS Co. Ltd., Baxter, and Terumo Corporation. These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability, and financial overview.

Table of Content


Chapter 1 Preface 10

1.1 Report Description 10

1.2 Research Methodology 11

1.3 Assumptions 11


Chapter 2 Market Synopsis 12


Chapter 3 Porter’s Five Forces Analysis 14

3.1 Bargaining Power of Suppliers 14

3.2 Bargaining Power of Buyers 15

3.3 Threat of New Entrants 15

3.4 Threat of Substitutes 15

3.5 Intensity of Rivalry 15


Chapter 4 Industry Overview 17

4.1 Market Definition 17

4.2 Market Drivers 18

      4.2.1 Expanding home care market for infusion therapy 18

      4.2.2 Increasing application of infusion devices for relieving pain 18

      4.2.3 Rising aging population and increasing number of chronic diseases 19

      4.2.4 Technological advancements in infusion devices 20

4.3 Impact Analysis of Market Drivers 21

4.4 Market Restraints 22

      4.4.1 Increasing risk to patient safety and occurrence of mistakes while using infusion devices 22

      4.4.2 Issues related to reimbursement policies for home infusion therapy 22

4.5 Impact Analysis of Market Restraints 23

4.6 Opportunities 23

      4.6.1 Rising inclination towards specialty infusion therapy 23

4.7 Market Trends 24

      4.7.1 Increasing numbers of mergers and acquisitions 24

      4.7.2 Increasing uses of ambulatory infusion pump 25

4.8 Rising Number of Product Innovations 25


Chapter 5 Market Size and Forecast by Type of Device 27

5.1 Infusion Pumps 29

5.2 Intravenous Sets 31

5.3 Needleless Connectors 32


Chapter 6 Market Size and Forecast of Infusion Pumps by Device 34

6.1 Volumetric Infusion Pump 36

6.2 Syringe Infusion Pump 37

6.3 Insulin Infusion Pump 39

6.4 Enteral Infusion Pump 40

6.5 Ambulatory Infusion Pump 41

6.6 Patient-controlled Analgesia (PCA) Infusion Pump 42

6.7 Implantable Infusion Pump 44


Chapter 7 Market Size and Forecast by Application 46

7.1 Anti-infectives/Antibiotics 48

7.2 Enteral Nutrition 49

7.3 Specialty Pharmaceuticals 51

7.4 Total Parenteral Nutrition (TPN) 53

7.5 Pain Management 54

7.6 Chemotherapy 55

7.7 Hydration Infusion Pump 57


Chapter 8 Market Size and Forecast by Type of Disease 59

8.1 Diabetes 61

8.2 Cancer 62


Chapter 9 Market Size and Forecast by Region 64

9.1 Global 64

9.2 North America 66

9.3 Europe 68

9.4 Asia 70


Chapter 10 Competitive Scenario 74

10.1 Competitive Benchmarking 74


Chapter 11 Company Profiles 76

11.1 Hospira, Inc. 76

      11.1.1 Company Overview 76

      11.1.2 Products & Services 77

      11.1.3 Financial Performance 78

      11.1.4 Recent Developments 78

11.2 B. Braun Melsungen AG 79

      11.2.1 Company Overview 79

      11.2.2 Products & Services 79

      11.2.3 Financial Performance 82

      11.2.4 Recent Developments 82

11.3 Caesarea Medical Electronics 83

      11.3.1 Company Overview 83

      11.3.2 Products & Services 84

      11.3.3 Financial Performance 84

      11.3.4 Recent Developments 84

11.4 Fresenius Kabi AG 85

      11.4.1 Company Overview 85

      11.4.2 Products & Services 85

      11.4.3 Financial Performance Fresenius Kabi AG 86

      11.4.4 Recent Developments 87

11.5 Smiths Medical 88

      11.5.1 Company Overview 88

      11.5.2 Products and Services 88

      11.5.3 Financial Performance 90

      11.5.4 Recent Developments 90

11.6 CareFusion Corporation 91

      11.6.1 Company Overview 91

      11.6.2 Products & Services 92

      11.6.3 Financial Performance 93

      11.6.4 Recent Developments 93

11.7 ICU Medical, Inc. 95

      11.7.1 Company Overview 95

      11.7.2 Products & Services 96

      11.7.3 Financial Performance 96

      11.7.4 Recent Developments 97

11.8 JMS Co. Ltd. 98

      11.8.1 Company Overview 98

      11.8.2 Products & Services 98

      11.8.3 Financial Performance 99

      11.8.4 Recent Developments 99

11.9 Baxter 100

      11.9.1 Company Overview 100

      11.9.2 Products & Services 101

      11.9.3 Financial Performance 102

      11.9.4 Recent Developments 102

11.10 TERUMO CORPORATION 103

      11.10.1 Company Overview 103

      11.10.2 Products & Services 103

      11.10.3 Financial Performance 104

      11.10.4 Recent Developments 104


List of Tables


TABLE 1 Market snapshot: global market of home infusion therapy (2014 and 2020) 12

TABLE 2 Drivers for home infusion therapy market: impact analysis 21

TABLE 3 Restraints for home infusion therapy market: impact analysis 23

TABLE 4 Some important mergers and acquisitions in home infusion therapy market 24

TABLE 5 Some important new products launched by various companies 26

TABLE 6 Global home infusion therapy market, by device, 2010 – 2013 (US$ Mn) 27

TABLE 7 Global home infusion therapy market, by device, 2014 – 2020 (US$ Mn) 28

TABLE 8 Global infusion pumps market, by region, 2010 – 2013 (US$ Mn) 29

TABLE 9 Global infusion pumps market, by region, 2014 – 2020 (US$ Mn) 30

TABLE 10 Global intravenous set market, by region, 2010 – 2013 (US$ Mn) 31

TABLE 11 Global intravenous set market, by region, 2014 – 2020 (US$ Mn) 31

TABLE 12 Global needleless connectors market, by region, 2010 – 2013 (US$ Mn) 32

TABLE 13 Global needleless connectors market, by region, 2014 – 2020 (US$ Mn) 33

TABLE 14 Global infusion pumps market, by device, 2010 – 2013 (US$ Mn) 34

TABLE 15 Global infusion pumps market, by device, 2014 – 2020 (US$ Mn) 35

TABLE 16 Global volumetric infusion pumps market, by region, 2010 – 2013 (US$ Mn) 36

TABLE 17 Global volumetric infusion pumps market, by region, 2014 – 2020 (US$ Mn) 36

TABLE 18 Global syringe infusion pumps market, by region, 2010 – 2013 (US$ Mn) 37

TABLE 19 Global syringe infusion pumps market, by region, 2014 – 2020 (US$ Mn) 38

TABLE 20 Global insulin infusion pumps market, by region, 2010 – 2013 (US$ Mn) 39

TABLE 21 Global insulin infusion pumps market, by region, 2014 – 2020 (US$ Mn) 39

TABLE 22 Global enteral infusion pumps market, by region, 2010 – 2013 (US$ Mn) 40

TABLE 23 Global enteral infusion pumps market, by region, 2014 – 2020 (US$ Mn) 41

TABLE 24 Global ambulatory infusion pumps market, by region, 2010 – 2013 (US$ Mn) 41

TABLE 25 Global ambulatory infusion pumps market, by region, 2014 – 2020 (US$ Mn) 42

TABLE 26 Global PCA infusion pumps market, by region, 2010 – 2013 (US$ Mn) 43

TABLE 27 Global PCA infusion pumps market, by region, 2014 – 2020 (US$ Mn) 43

TABLE 28 Global implantable infusion pumps market, by region, 2010 – 2013 (US$ Mn) 44

TABLE 29 Global implantable infusion pumps market, by region, 2014 – 2020 (US$ Mn) 45

TABLE 30 Global home infusion therapy market, by application, 2010 – 2013 (US$ Mn) 46

TABLE 31 Global home infusion therapy market, by application, 2014 – 2020 (US$ Mn) 47

TABLE 32 Global anti-infectives market, by region, 2010 – 2013 (US$ Mn) 48

TABLE 33 Global anti-infectives market, by region, 2014 – 2020 (US$ Mn) 49

TABLE 34 Global enteral nutrition market, by region, 2010 – 2013 (US$ Mn) 49

TABLE 35 Global enteral nutrition market, by region, 2014 – 2020 (US$ Mn) 50

TABLE 36 Global specialty pharmaceuticals market, by region, 2010 – 2013 (US$ Mn) 51

TABLE 37 Global specialty pharmaceuticals market, by region, 2014 – 2020 (US$ Mn) 52

TABLE 38 Global TPN market, by region, 2010 – 2013 (US$ Mn) 53

TABLE 39 Global TPN market, by region, 2014 – 2020 (US$ Mn) 53

TABLE 40 Global pain management market, by region, 2010 – 2013 (US$ Mn) 54

TABLE 41 Global pain management market, by region, 2014 – 2020 (US$ Mn) 55

TABLE 42 Global chemotherapy market, by region, 2010 – 2013 (US$ Mn) 56

TABLE 43 Global chemotherapy market, by region, 2014 – 2020 (US$ Mn) 56

TABLE 44 Global hydration infusion pumps market, by region, 2010 – 2013 (US$ Mn) 57

TABLE 45 Global hydration infusion pumps market, by region, 2014 – 2020 (US$ Mn) 57

TABLE 46 Global home infusion therapy market, by diseases, 2010 – 2013 (US$ Mn) 59

TABLE 47 Global home infusion therapy market, by diseases, 2014 – 2020 (US$ Mn) 60

TABLE 48 Global home infusion therapy market in diabetes treatment, by region, 2010 – 2013 (US$ Mn) 61

TABLE 49 Global home infusion therapy market in diabetes treatment, by region, 2014 – 2020 (US$ Mn) 62

TABLE 50 Global home infusion therapy market in cancer treatment, by region, 2010 – 2013 (US$ Mn) 63

TABLE 51 Global home infusion therapy market in cancer treatment, 2014 – 2020 (US$ Mn) 63

TABLE 52 Global home infusion therapy market, by region, 2010 – 2013 (US$ Mn) 65

TABLE 53 Global home infusion therapy market, by region, 2014 – 2020 (US$ Mn) 65

TABLE 54 North America home infusion therapy market, by country, 2010 – 2013 (US$ Mn) 67

TABLE 55 North America home infusion therapy market, by country, 2014 – 2020 (US$ Mn) 68

TABLE 56 Europe home infusion therapy market, by country, 2010 – 2013 (US$ Mn) 69

TABLE 57 Europe home infusion therapy market, by country, 2014 – 2020 (US$ Mn) 70

TABLE 58 Asia home infusion therapy market, by country, 2010 – 2013 (US$ Mn) 72

TABLE 59 Asia home infusion therapy market, by country, 2014 – 2020 (US$ Mn) 72

TABLE 60 Hospira, Inc.’s Product and Service Categories 77

TABLE 61 B. Braun Melsungen AG’s Product and Service Categories 79

TABLE 62 Caesarea Medical Electronics’ Product Categories 84

TABLE 63 Fresenius Kabi AG’s Product Categories 85

TABLE 64 Smiths Medical’s Product Categories 88

TABLE 65 CareFusion Corporation’s Product Categories 92

TABLE 66 ICU Medical, Inc.’s Product Categories 96

TABLE 67 JMS Co. Ltd.’s product categories 98

TABLE 68 Baxter’s Product Categories 101

TABLE 69 TERUMO CORPORATION Product Categories 103


List of Figures 


FIG. 1 Home infusion therapy market: Porter’s five forces analysis 14

FIG. 2 Home infusion therapy market, by device 17

FIG. 3 Geriatric population in major countries, % in older ages (2000 – 2050) 20

FIG. 4 Global home infusion therapy market, by device, 2013 (% share) 27

FIG. 5 The global infusion pumps market, by device, 2013 (% share) 34

FIG. 6 Global home infusion therapy market, by application, 2013 (% share) 46

FIG. 7 Global home infusion therapy market, by type of disease, 2013 (% share) 59

FIG. 8 Global home infusion therapy market, by region, 2013 (% share) 64

FIG. 9 North American home infusion therapy market, by country, 2013 (% share) 67

FIG. 10 European home infusion therapy market, by country, 2013 (% share) 69

FIG. 11 Asian home infusion therapy market, by country, 2013 (% share) 71

FIG. 12 Competitive benchmarking of home infusion therapy providers (2013) 74

FIG. 13 Hospira, Inc. Net Sales and Net Income 2011 – 2013 (US$ Mn) 78

FIG. 14 B. Braun Melsungen AG Net Sales and Net Income 2011 – 2013 (US$ Mn) 82

FIG. 15 Fresenius Kabi AG Sales and Net Income 2011 – 2013 (US$ Mn) 86

FIG. 16 Smiths Group plc Revenue and Profit 2011 – 2013 (US$ Mn) 90

FIG. 17 CareFusion Corporation Revenue and Net Income 2011 – 2013 (US$ Mn) 93

FIG. 18 ICU Medical, Inc. Total Revenue and Net Income 2011 – 2013 (US$ Mn) 96

FIG. 19 JMS Co. Ltd. Net Sales and Net Income 2011 – 2013 (US$ Mn) 99

FIG. 20 Baxter Net Sales and Net Income 2011 – 2013 (US$ Mn) 102

FIG. 21 TERUMO CORPORATION Net Sales and Net Income 2011 – 2013 (US$ Mn) 104


Home infusion therapy refers to the at-home administration of medication through a needle or catheter. The therapy is prescribed by the physicians and medications are administered by trained healthcare professionals. 


Home infusion therapy is used in the treatment of diseases that remain unresponsive to oral medication such as cancer, cancer-related pain, and gastrointestinal diseases. It is also used to treat diabetes, dehydration, and cystic fibrosis. Home infusion therapy improves medication adherence and reduces unplanned hospitalization. Some major infusion devices used for the administration of medicines include the infusion pump, intravenous set, and needleless connectors.


Globally, the home infusion therapy devices market is witnessing significant growth due to the expanding home care market for infusion therapy and increasing applications of infusion devices for relieving pain. Moreover, rising aging population, increasing the number of chronic diseases, and technological advancements in infusion devices are also supporting the growth of the market. However, increasing a risk to patient safety and occurrence of mistakes while using infusion devices, and issues related to reimbursement policies for home infusion therapy inhibit the growth of the market.


The global home infusion therapy devices market is anticipated to grow from US$ 15,905.1 Mn in 2014 to US$ 26,747.8 Mn by 2020 at a CAGR of 9% during the forecast period.


North America is the largest region while Asia represents the fastest-growing region in the home infusion therapy devices market. Infusion pumps hold largest market share while needleless connectors represent the fastest-growing segment in the market. Volumetric is the largest and fastest-growing infusion pump device in the global home infusion therapy devices market. In terms of application, anti-infectives represent the largest and fastest-growing application in the global home infusion therapy devices market. 


The home infusion therapy devices market in North America is anticipated to grow from an estimated US$ 6,880.2 Mn in 2014 to US$ 11,666 Mn by 2020 at a CAGR of 9.2% during the forecast period.


home-infusion-therapy-market.png