Global Home Infusion Therapy Market Size, Forecast: 8.5% CAGR Analysis and Forecast USD 79.1 Billion by 2032

Global Home Infusion Therapy Market Size, Forecast: 8.5% CAGR Analysis and Forecast USD 79.1 Billion by 2032

NEWARK, Sept. 25, 2023 (GLOBE NEWSWIRE) — Brainy Insights estimates that the $35.0 billion home infusion therapy market will reach $79.1 billion by 2032. Home infusion therapy is a type of medical treatment in which patients receive medications Or liquids. Through IV in the privacy of their homes. This treatment is usually given to patients who require long-term or frequent intravenous treatments for diseases such as cancer, infections, immune disorders, and other chronic diseases. Because it reduces the need for hospitalization and associated expenses, home infusion therapy provides patients with a convenient and cost-effective alternative to treatment in a hospital or clinic. A health care provider often visits the patient’s home to administer medication and evaluate the patient’s health condition during home infusion therapy.

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North America represents the largest market size during the forecast period.

North America is expected to capture the primary market share for home infusion therapy. This can be linked to increased research and development in the region and the increasing use of new technology in infusion pumps. The growing demand for long-term treatment for individuals suffering from certain diseases is driving the regional market. The development of alternative healthcare settings and home infusion services, as well as the movement in preference from acute care to home care settings due to lower costs and increased patient mobility, will drive market expansion in the future.

The infusion pump segment dominated the market with significant revenues of US$14 billion.

The infusion pump segment dominated the market with significant revenues of US$14 billion. This part is dominant as these pumps are commonly used to deliver nutrients and drugs. The availability of a wide range of products, including enteral, syringe, multichannel and peristaltic pumps, helps to divide growth.

The anti-infective therapy segment dominated the market with significant revenues of US$11.9 billion.

The anti-infective therapy segment dominated the market with significant revenues of US$11.9 billion. The Cancer Care at Home initiative was initiated in February 2020 by the Penn Center for Cancer Care Innovation at the Abramson Cancer Center at the University of Pennsylvania. Its goal was to increase the percentage of cancer patients receiving home care. According to the company, the number of patients enrolled in the program increased by 700% between mid-March and late April. This shows how the home infusion sector has a promising future. Hence, the increasing incidence of infectious diseases in various countries and increasing R&D activities are expected to enhance the demand for anti-infective therapy, thus driving the growth of this sector.

Report coverage details

Report coverage details
Forecast period 2023-2032
Base year 2022
Market size in 2022 35.0 billion US dollars
Market size in 2032 79.1 billion US dollars
Compound annual growth rate 8.5%
Number of pages in the report 232
Covered sectors Product application
Drivers High prevalence of chronic diseases
Opportunities Increased prevalence of hospital-acquired infections
Restrictions Medical overdose

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Market dynamics:

Drivers: Lifestyle changes

The home infusion therapy market will rise as people’s lifestyles change. Moreover, the increasing number of diabetic patients and lower treatment costs will expand this market. Many complex medical problems and diseases can be managed with these infusion therapies, reducing hospital stays and treatment costs. Home infusion treatments are safer because the medications are taken under the supervision of doctors. This will also help expand the market. The payment policies followed by many public and private institutions will also help this industry to flourish.

Limitation: lack of awareness

The need for more competent medical experts for administration is expected to hinder the expansion of the home infusion therapy market. During the forecast period, the home infusion therapy market is expected to face challenges due to lack of awareness.

Opportunity: Technological advancement

Various technological breakthroughs and introduction of new items will enhance the growth of the market. Implementing cutting-edge technologies in home care settings will provide new treatment options while reducing the risk of infection. Furthermore, the development of smart infusion pumps can reduce dosing errors and enhance patient safety. The above reasons will lead to market expansion during the forecast period.

Challenge: high cost

High cost of infusion pumps may hamper business expansion during the forecast period.

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Some of the major players operating in the home infusion therapy market are:

● CVS/Coram
● Health care choice
● BriovaRx/Diplomat (UnitedHealth Optum)
● Pharmrica
● Fresenius Kapi
● ICU Medical, Inc.
● b. Braun Melsungen AG
● Baxter
● Bahraini Dinar
● Caesarea Medical Electronics
● Smiths Medical
● Terumo Company
● JMS Company Limited

Main sectors covering the market:

High School:

● Infusion pumps
● Vein collections
● Intravenous cannulas
● Unnecessary connectors

By application:

● Total parenteral nutrition
● Anti-infective therapy
● Enteral nutrition
● Moisturizing therapy
● Chemotherapy
● IVIG/Specialty Pharmaceuticals
● Other

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About the report:

The global Home Infusion Therapy market is analyzed on the basis of value (USD Billion). All sectors were analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each part. The report provides an in-depth analysis of the drivers, opportunities, restraints and challenges to gain critical insight into the market. The study includes Porter’s Five Forces Model, gravity analysis, raw materials analysis, supply and demand analysis, competitor location network analysis, distribution, and marketing channel analysis.

About Smart Insights:

The Brainy Insights is a market research company that aims to provide actionable insights through data analytics to companies to improve their business acumen. We have a powerful forecasting and estimation model to meet clients’ goals of high quality output within a short period of time. We offer customized (client specific) and group reports. Our repository of aggregated reports is diverse across all categories and subcategories across industries. Our customized solutions are designed to meet customers’ requirements whether they are looking to expand or planning to launch a new product in the global market.

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