New York, March 11, 2020 (GLOBE NEWSWIRE) -- The Global Infusion therapy market is forecast to reach USD 10.98 Billion by 2027, according to a new report by Reports and Data. Infusion therapy is used to give antibiotics, and life-saving hydration fluids that are administered with the help of IV to care users. In this therapy, the medication is administered with the help of a catheter or a needle. Care providers recommend this therapy when the condition of the patient is severe, unable to swallow, or drug recommended is a biologic response. It is commonly used in hospitals; however, in the present healthcare scenario, it can be administered in outpatient infusion therapy centers or even at home care with the assistance of specially trained nurses.
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The therapy is usually employed for treating chronic infections or serious conditions when patients do not respond to oral antibiotics. Various initiatives of market players like, acquisition are also supporting the market growth. As an instance, in 2016, ICU Medical Inc. was supposed to acquire Pfizer Inc’s Hospira Infusion Systems Business for USD 1.00 Billion. Such initiatives by market players, along with strengthening their market position, are also propelling the market growth. In regards to the region, Europe is projected to occupy a considerable share of the market. The market share held by the region is attributed to the continuously expanding healthcare sector and rising geriatric population.
Further key findings from the report suggest
For the purpose of this report, Reports and Data have segmented the global Infusion Therapy market, according to Disease Type, Therapy Type, Product Type, End-user, and Region:
Disease Type Outlook (Revenue, USD Billion; 2016-2027)
Therapy Type Outlook (Revenue, USD Billion; 2016-2027)
Product Type Outlook (Revenue, USD Billion; 2016-2027)
End-user Outlook (Revenue, USD Billion; 2016-2027)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/infusion-therapy-market
Regional Outlook (Revenue, USD Billion; 2016-2027)
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