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CareFusion, Baxter and Hospira Lead the Infusion Therapy Market as Hospitalization in the U.S. Climbs Reports iData Research
Date:1/21/2013

(PRWEB) January 21, 2013

U.S. Hospitals are seeing less births and an increased number of elderly and obese patients being admitted. This trend will cause a rise in demand for infusion therapy devices because this market’s growth is proportional to the number of people that require medical care each year. Infusion therapy is used when oral therapy is not a viable option due to the danger that medications might be ineffective when passing through the digestive tract, or when patients have disorders which make swallowing difficult.

Last year, the estimated U.S. population was almost 314 million and is growing at approximately 0.8% per year; its distribution shifting toward an older population due to people living longer and the reduced fertility rates in younger age groups. Moreover, the prevalence of obesity is approximately 26% and steadily increasing. As the population ages and obesity prevalence rises, the number of individuals requiring medical care will also increase. The hospitalization rate in the U.S. is expected to increase steadily over the next 10 years.

Increased Use of IV Sets

More hospital visits translates to an increased need for all types of intravenous (IV) sets. In 2012, there were over 37 million general hospital admissions and over 16 million emergency room hospital admissions. In previous years, uncertainty in the market caused a decrease in the number of hospital admissions as doctors and patients decided to postpone elective and non-emergency procedures.

Increases in the size and value of the intravenous (IV) set market are driven primarily by increases in the size and age of the overall patient population. This counteracts economic uncertainty as a potential market limiter and has caused the market to return to growth rates seen prior to 2009. In addition, “more patients are being treated with multiple medications that cannot be mixed together which is increasing the use of
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