Global Infusion Therapy Market Forecast, Trend Analysis And Competition Tracking - Market Insights: 2015 – 2031

Global Infusion Therapy Market Overview

The global Infusion Therapy market was valued at US$ XXX million in 2020, and is projected to grow at a CAGR of 15%.

The use of infusion therapy is on the rise with around 50% of adults suffering from some form of inflammatory disease. Infusion therapy has been shown to be a safe and effective method to help improve the life of a patient suffering from inflammation. Here are a few tips to make your experience with infusion therapy more enjoyable.

Infusion therapy, also known as intravenous therapy or IV therapy, is a method of delivering medication or other substances directly into a vein. Patients who cannot take their medication orally due to an underlying disease or because they are unable to swallow can benefit from infusion therapy. This is because the veins in the arms and legs are closer to the surface of the skin and accessible for easy injection. Furthermore, it can be used as a way to restore fluids and electrolytes lost during an illness.

The intravenous (IV) and intramuscular (IM) injections are both methods of administering medication to the body. Although they are administered in different ways, they basically function similarly as it is the medication that changes. The IV infusions consist of a needle being inserted into a vein and a small tube is threaded through this needle so that the medication can be pushed through the tube, directly into the blood stream.

Infusion therapy involves the use of intravenous infusions, or IVs, to treat or manage various disorders. The process of infusion therapy incorporates the use of fluids, medications, nutrition and other treatments. Infusion therapy can involve a wide range of different types of drugs and is often used as a form of treatment for various chronic conditions such as cancer.

Tests and treatment for cancer often come with a number of complications, such as changes in hormone levels and blood clots. Infusion therapy is one way to avoid the complications that come with treatments. It involves intravenous chemotherapy, which is given into a vein that leads directly to your heart or large veins near your heart. There are different types of infusions including: selective high-dose chemotherapy, low-dose chemotherapy, intermittent chemotherapy, or continuous therapy.

The global Infusion Therapy market is segregated into product types, applications, end users, and regions. On the basis of product type, the global Infusion Therapy market is sub-segmented into intravenous set, needleless catheter, infusion pump, and other product types. With respect to application, the global Infusion Therapy market is distributed into antibiotic/antiviral therapy, chemotherapy, inotropic therapy, blood factor, hydration therapy, and other applications. On the basis of end user, the global Infusion Therapy market is sub-segmented into hospitals, clinics, ambulatory surgery centers, outpatient facilities, and other end users. On the basis of region, the global Infusion Therapy market is sub-segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Increase in number of people suffering from chronic pain, cancer, and diabetes

A new study has found that 50% of Americans suffer from some form of chronic pain. This number has grown exponentially in the last century, leading to a greater need for appropriate treatments. People suffering from chronic pain, cancer, and diabetes are three major populations which are driving the rise in infusions therapy. Infusion therapy is on the rise because these patients are benefitting greatly from it.

Government investments to modernize healthcare infrastructure

In most developing countries, health care infrastructure is not keeping pace with the growing population. To help support the most vulnerable, governments are making significant investments to bring modernized healthcare infrastructure to their citizens. In Bali, for example, public-private partnerships with the government have been formed to provide a new, state-of-the-art hospital for maternal and child health care.

Increase in the application area of infusion therapy services

Infusion Therapy is a type of treatment which involves the injection of saline solution into the bloodstream, typically in order to hydrate, provide nutrients, or provide medication. Infusion therapy services are also utilized in the treatment of rheumatoid arthritis, Crohn’s disease, Crohn’s disease, immune deficiencies, hemophilia, and multiple sclerosis. The use of infusion can help with pain relief and improving mobility for these patients. Thus increase in the application areas of infusion therapy creates opportunities for market players to expand their services.

High cost of infusion chemotherapeutic and cardiovascular drugs

Treatments for the high cost of chemotherapy drugs is one challenge. The most costly medication is the intravenous taxane, which is used in conjunction with platinum agents to treat cancer. It costs $5,000 for three cycles of therapy per patient. Another challenge that might hamper growth is cardiovascular drugs. Lipitor, a cholesterol-lowering drug that has bipartisan support, still faced criticism when it was priced at $11.50 per pill.

COVID-19 Impact Analysis for Global Infusion Therapy Market

The revenue of global infusion therapy treatment facilities dwindled in parallel with the global coronavirus pandemic throughout 2020. As infection rates escalated around the world, a number of businesses reported decreases in elective procedures and other visits. This has decreased the overall demand for basic healthcare products, including infusion therapy devices. Particular demographic groups experienced harsh effects due to the layoffs in the industry that supplies infusion pumps. The replacement of preexisting infusion pumps was significantly curtailed as a result of the widespread mechanisms that shut down techniques while being economical.

North America is projected to witness the highest growth

The global Infusion Therapy market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Markets in the Asia Pacific region are expected to account for the largest share of the global infusion therapy market over the next decade owing to high incidence rate of chronic diseases such as diabetes and cardiovascular diseases.

Major players operating in the global infusion therapy market are listed below

• Becton Dickinson and company
• Terumo Medical Corporation
• Nipro Europe Group Companies
• Braun Melsungen AG
• ICU Medical Inc.
• Medtronic PLC
• Poly Medicure Limited
• Fresenius SE & Co. KGaA
• BIO-MED
• Mediprim GmbH
• Other Key Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Segmentation Covered

Global Infusion Therapy Market Segmentation by Product Type

• Intravenous Set
• Needleless Catheter
• Infusion Pump
• Other Product Types

Global Infusion Therapy Market Segmentation by Application

• Antibiotic/Antiviral Therapy
• Chemotherapy
• Inotropic Therapy
• Blood Factor
• Hydration Therapy
• Other Applications

Global Infusion Therapy Market Segmentation by End User

• Hospitals
• Clinics
• Ambulatory Surgery Centers
• Outpatient Facilities
• Other End Users