Infusion
therapy is referred to a medical procedure by which
a drug is administered intravenously or can also be provided through other non-oral
routes such as intramuscular injections and epidural routes into the membranes
that surround spinal cord. Home Infusion therapy engages
administration of intravenous pills into the consumer’s body, with the help of
needle or catheter, at their homes based on the doctor’s prescription. Home
infusion therapy is mostly done when oral medications are not effective to cure
the disease. Home infusion therapy offers advantage over others therapy in its
class, as it reduces time spent in hospitals, nursing homes and clinics, and is
provided by trained professionals.
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Home Infusion therapy is an effective
and safe alternative for patient care because it provides friendly environment,
which helps patients in early recovery. Infections which are not cured by oral
medication, such as gastrointestinal diseases, cancer, cancer related pain and
dehydration, are cured by home infusion therapy. Home infusion therapy is also
used for curing health failure, diabetes, dehydration, cystic fibrosis, acute
infections and nutritional support. Some of the infusion therapy devices, which
are used for medication, are intravenous set, infusion pump and needleless
connectors. One of the major home infusion therapies is penn home infusion
therapy that provides the various necessary treatment and medications in the
comfort of patient’s own home. Some of the services that are provided by penn
home infusion therapy are infectious disease, pain management, nutrition,
oncology and cardiology.
The various devices used in home
infusion therapy are syringe, volumetric, ambulatory, insulin, enteral,
implantable and patient control analgesia infusion pumps. In terms of
application, the global home infusion therapy market can be categorized as
enteral nutrition, anti-infective, pain management, specialty pharmaceuticals,
chemotherapy, total parenteral nutrition and hydration infusion pump.
Major trends in the global home
infusion therapy market are increasing numbers of mergers and acquisitions, and
increasing uses of ambulatory infusion pump. Rise in acceptance for specialty
infusion therapy is one of the major opportunities for the home infusion
therapy market.
Some of the major factors driving the
growth of global home infusion therapy market are low cost of home infusion
therapy compared to hospital stay costs, increasing
applications of infusion devices in pain relieving, technology advancement, expanding
homecare market (owing to the high costs of hospital stays and busy lifestyle),
and large population of baby boomers. Whereas, issues related to reimbursement
policies, increasing risk for patient’s safety
and incidences of mistakes while using infusion devices are some of the factors
hindering the growth of home infusion therapy market. Over
dosage of medications may also cause a dangerous circumstance, which also
hinders the growth of home infusion therapy market to some extent.
North America had the largest home
infusion therapy market in 2014, owing to rising number of chronic diseases and
increasing healthcare costs in the region. Asia-Pacific home infusion therapy
market is growing at the fastest rate, attributed mainly to the aging
population of Japan and increasing expenditure on healthcare services in
developing countries such as India and China.
Some of the major competitors in home
infusion therapy market are Baxter, ICU Medical Inc., TERUMO CORPORATION, JMS
Co. Ltd., CareFusion Corporation, B. Braun Melsungen AG, Smiths Medical, and Fresenius
Kabi AG.
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