IMARC Group, a leading market research company, has recently releases report titled “Home Infusion Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global home infusion therapy market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the home infusion therapy market?
The global home infusion therapy market size reached US$ 40.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 59.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.
What are home infusion therapy?
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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What are the growth prospects and trends in the home infusion therapy industry?
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.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 key players operating in the industry?
The report covers the major market players 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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