The Global Home Infusion Therapy Market size is expected to grow from USD 21.57 billion in 2022 to USD 35.78 billion by 2030, at a CAGR of 6.53% during the forecast period (2023-2030).
The intravenous or subcutaneous injection of medications or biologicals to a patient at home is termed home infusion therapy. The medicine (antivirals, immune globulin), equipment (pump), and supplies (tubing and catheters) are required for home infusion. Oral medication can be replaced by home infusion therapy. Nurses typically educate patients or caregivers on how to self-administer the medicine, educate them on side effects and therapeutic goals, and visit the infusion site regularly to monitor the infusion site and change the dressing. Patients, physicians, hospital discharge planners, health plans, home infusion pharmacies, and, if required, home health organizations must all work together to make the home infusion process a success. Traditionally, this procedure has been utilized in hospitals, and individuals can choose from a variety of home infusion treatments provided by professionals.
Top Key Players Covered in The Home Infusion Therapy Market
CVS/Coram, Option Care Health, BriovaRx/Diplomat (UnitedHealth Optum), PharMerica, Fresenius Kabi, ICU Medical Inc., B. Braun Melsungen AG, Baxter, BD, Caesarea Medical Electronics, Smiths Medical, Terumo Corporation, JMS Co. Ltd and others major players.
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Our Home Infusion Therapy Market report ensures accuracy by conducting a precise examination of the industry. We establish a robust foundation for our findings through extensive utilization of primary and secondary sources. To enhance the depth of our evaluation, we employ industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis.
Market Dynamics and Key Factors in Home Infusion Therapy:
Drivers:
· Hospital-Like Care at Home
· To reduce the strain on the primary healthcare services
Restraints:
· Third-Party service providers and low reimbursement policies
Opportunities:
· Growing Geriatric Population
For the Purpose Of This Report, Reports And Data Has Segmented The Global Home Infusion Therapy Market On The Basis Of Type, By Source, By Product, And Region:
By Type
· IV Cannulas
· Infusion Pumps
· Needleless Connectors
· Intravenous Sets
By Infusion Type
· Continuous
· Secondary IV
· IV Push
By Application
· Anti-Infective
· Endocrinology
· Enteral Nutrition
· Parenteral Nutrition
· Others
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Regional Analysis of Home Infusion Therapy Market
· North America (US, Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
Recent Industry Developments in Home Infusion Therapy Market:
· In December 2021, the acquisition of Hillrom by Baxter International Inc. has been completed. This acquisition will aid the company in expanding its geographic reach and integrating medical device technologies to improve patient care, reduce costs, and streamline operations.
· In November 2021, Eitan Medical has been appointed to the NHIA's Future of Infusion Advisory Council (FIAC). The FIAC is a strategic advisory organization made up of manufacturers and service providers with a presence in the home and alternate site infusion industry.
Key Questions Answered in This Report:
What would the projected growth rate be from 2023 to 2030? How big will it get in the projected amount of time?
What are the main factors that will determine the future of the Home Infusion Therapy sector in the upcoming years?
Who are the leading competitors in the Home Infusion Therapy, and what are their successful acquisition strategies?
What are the main trends impacting the growth of Home Infusion Therapy in different geographical areas?
What opportunities should you take precedence?
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