Global Home Infusion Therapy market analysis 2024, Forecast To 2033
2 Feb, 2024
The home infusion therapy market has undergone rapid growth, increasing from $28.68 billion in 2023 to $31.95 billion in 2024, with a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period is attributed to an aging population, a rise in patient preference for home-based care, increased prevalence of chronic diseases, and a surge in hospital avoidance. Expected to experience rapid growth in the next few years, the market is projected to reach $47.43 billion in 2028, with a CAGR of 10.4%. The forecasted growth is linked to the rising integration of telehealth services, increasing adoption of personalized medicine, a surge in pandemic preparedness, patient empowerment initiatives, and the growing popularity of value-based care models. Key trends in the forecast period include the adoption of advanced infusion devices, a focus on biologic and specialty drugs, the expansion of pediatric home infusion, ensuring infusion pump safety, and robust patient education and training.
Global Home Infusion Therapy Market Key Driver
The home infusion therapy market is set to grow significantly, driven by the increasing global population and the subsequent rise in food demand. With the world's population expected to reach 9.7 billion by 2050, there is a projected 70% increase in global food demand. This surge in population and food demand will fuel the need for home infusion therapy, making it a robust market in 2023, 2024, and 2028.
Get A Free Sample Of The Global Home Infusion Therapy Market ReportGlobal Home Infusion Therapy Market Segments
The global home infusion therapy market covered in this report is segmented –
1) By Product: Infusion Pumps, Intravenous Sets, IV Cannulas, Needleless Connectors
2) By Administration: Intramuscular, Subcutaneously, Epidural
3) By Application: Total Parenteral Nutrition?, Anti-infective Therapy, Enteral Nutrition, Hydration Therapy, Chemotherapy, IVIg or Specialty Pharmaceuticals, Other Applications
4) By End User: Patients, Nurse, Hospitals, Other End Users
By Geography: The regions covered in the Home Infusion Therapy market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Home Infusion Therapy Industry Players
B. Braun Melsungen AG, Baxter International Inc., Eli Lilly and Company, Fresenius Kabi AG, Option Care Health Inc., CareCentrix Inc., Caesarea Medical Electronics Ltd., JMS Co. Ltd., Terumo Corporation, Smiths Medical ASD Inc., Optum Inc., CVS Health Corporation, KabaFusion Holdings LLC., PromptCare Companies, Nipro Corporation, ICU Medical Inc., Becton Dickinson and Company, Ascension at Home with Compassus, Barnes Healthcare Services Inc., BayCare HomeCare Inc., ARJ Infusion Services Inc., Beacon Infusion Healthcare Services LLC., CarepathRx LLC., Coram CVS Specialty Infusion Services, CSI Pharmacy LLC., Fairview Home Infusion, Healix Infusion Therapy Inc., InfuCare Rx Inc., Integrated Home Care Services Inc., IVX Health Inc., Kroger Specialty Infusion, Metro Infusion Center, National Pharmacy Services LLC., Nations Home Infusion LLC., Oso Home Care LLC., Palmetto Infusion Services LLC., Penn Home Infusion Therapy, The PharmaCare Network Inc., PICC Lines Plus LLC., Premier Infusion Care LLC., Basic Home Infusion Inc.
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Home Infusion Therapy Market Overview
Home infusion therapy is a process of subcutaneous or intravenous administration of biologicals or drugs to a person at home. Patients can receive medications through catheters or needles, directly into their veins or under their skin. Home infusion therapies are used to treat individuals at home.
Home Infusion Therapy Global Market Report 2023 provides data on the global home infusion therapy market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The home infusion therapy market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.