According to the latest report by IMARC Group, titled “Home Infusion Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global home infusion therapy market size reached US$ 37.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 56.2 Billion by 2027, exhibiting a growth rate (CAGR) of 7.23% during 2022-2027.
Home Infusion Therapy Industry Definition and Application:
Home infusion therapy refers to the administration of drugs or biologicals intravenously or subcutaneously to an individual at home. It is cost-saving, safe, comfortable, and flexible as compared to hospital treatment. It is utilized when the patient cannot be treated effectively by oral medications. It assists in preventing various diseases, such as cancers, congestive heart failure, Crohn’s Disease, hemophilia, immune deficiencies, and multiple sclerosis. Besides this, home infusion therapy aids in reducing long stays in hospitals and limiting expensive hospital bills.
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Home Infusion Therapy Market Trends and Drivers:
At present, the rising prevalence of chronic diseases, such as diabetes, kidney problems, arthritis, and heart diseases among the masses, represents one of the primary factors bolstering the growth of the market. Besides this, the growing incidences of hospital-acquired infections (HAIs) due to longer hospital stays are offering a positive market outlook. Apart from this, the increasing demand for home infusion therapy, as it is cost-effective, safe, and convenient for patients, is strengthening the growth of the market. Moreover, the development of smart infusion pumps to prevent dosing errors and enhance patient safety are offering lucrative growth opportunities to industry investors. Furthermore, the increasing demand for home infusion therapy due to the rising geriatric population is propelling the growth of the market.
Home Infusion Therapy Market Segmentation:
The report has segmented the market on the basis on region, product and application.
Breakup by Product:
- Infusion Pumps
- Elastomeric
- Electromechanical
- Gravity
- Others
- Intravenous Sets
- IV Cannulas
- Needleless Connectors
Breakup by Application:
- Anti-Infective
- Endocrinology
- Diabetes
- Others
- Hydration Therapy
- Athletes
- Others
- Chemotherapy
- Enteral Nutrition
- Parenteral Nutrition
- Specialty Pharmaceuticals
- Others
Breakup by Region:
- North America:( United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico,Others)
- Middle East and Africa
Who are the Major Home Infusion Therapy Market Key players?
The report provides a detailed analysis of the market leaders, including.
- Braun Melsungen AG
- Baxter International Inc.
- Becton Dickinson and Company,
- Eli Lilly and Company
- Fresenius SE & Co. KGaA
- ICU Medical Inc.
- JMS Co. Ltd.
- Nipro Corporation
- Option Care Health Inc. (Walgreen Co.)
- Smiths Group plc
- Terumo Corporation.
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