Home Infusion Therapy Market Size to Reach USD 29640 Million by 2027 at CAGR 5.8% - Valuates Reports
BANGALORE, India, Aug. 18, 2021 /PRNewswire/ -- The Home Infusion Therapy Market is Segmented by Type (Infusion Pumps, Intravenous Sets, IV Cannulas, Needleless Connectors), by Application (Anti-Infectives, Endocrinology, Hydration Therapy, Chemotherapy, Enteral Nutrition, Parenteral Nutrition, Specialty Pharmaceuticals, Others). The report covers global opportunity analysis and industry forecasts from 2021 to 2027. It is published in Valuates Reports under Pharmacy Category.
The global Home Infusion Therapy market size is projected to reach USD 29640 Million by 2027, from USD 19850 Million in 2020, at a CAGR of 5.8% during the forecast period 2021-2027.
Major factors driving the growth of the home infusion therapy market are:
- The increasing geriatric population with decreased mobility profile along with the rising preference for home care are driving the home infusion therapy market.
- The cost-effective feature of home infusion therapy is expected to drive the home infusion therapy market. Infusion treatment is used to treat a variety of illnesses that cannot be addressed with oral medications and need long-term care, such as immune deficiencies, cancer, and congestive heart failure.
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TRENDS INFLUENCING THE GROWTH OF HOME INFUSION THERAPY MARKET:
High preference for homecare facilities coupled with the rise in the geriatric population will boost the growth of home infusion therapy market products and services globally.
The increasing preference for homecare facilities, combined with an increase in the geriatric population, will propel the adoption of home infusion treatment services. The growing popularity of home care facilities is expected to boost demand for the home infusion therapy market. Furthermore, the growing need to minimize the length of inpatient stays in hospitals is predicted to drive home infusion therapy market growth.
Immunocompromised patients, pediatrics, and the increased prevalence of chronic diseases such as hospital-acquired infections and diabetes are expected to contribute to the Home Infusion Therapy market expansion.
Using modern technologies, key market players are concentrating their efforts on the development of home infusion treatment devices. Patients benefit from technological advancements in these devices as they make home infusion therapy more convenient and user-friendly. Thus technological advancements are expected to further increase the growth of the Home Infusion Therapy market.
However, risks associated with infusion device malfunctions, as well as a lack of reimbursement policies for home infusion therapy, may limit the market's growth over the projection period.
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HOME INFUSION THERAPY MARKET SHARE ANALYSIS
Based on application, the anti-infective application segment is expected to be the most lucrative segment during the forecast period. The segment's growth is attributed to the administration of medication such as antifungals and antibiotics that are used in a large number of procedures. This will generate significant demand for anti-infective therapy, thereby fuelling the market growth.
Based on region, North America is expected to be the most lucrative. The U.S. dominated the North American home infusion therapy market. One of the key factors driving the market growth across North America is the presence of major industry players in the region. The rising frequency of chronic diseases will have a significant impact on the size of the regional market. Treatment costs, new product launches, and technology developments are expected to boost regional growth.
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Key Players in the Home Infusion Therapy Market
- Baxter
- Caesarea Medical Electronics
- B.Braun Melsungen AG
- CareFusion Corporation
- ICU Medical，Inc.
- Fresenius Kabi AG
- JMS Co.Ltd
- Terumo Corporation
- Smiths Medica
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SIMILAR REPORTS
- Ambulatory Infusion Therapy Services Market contains segmentation By Type (Anticoagulation therapy, Chemotherapy, Anti-infective therapies, Hydration therapy, Immune therapy (Ig), Specialty Injectables, IV Steroids, Wound Care, General Nursing Services), By Application (Hospital, Clinic, Home)
- Home Infusion Therapy Services Market contains segmentation By Type (Intravenous set, Needleless catheter, Infusion pump), By Application (Chemotherapy, Diabetes, Hydration therapy, Inotropic therapy, Pain management, HIV therapies, Post-transplant therapies, Total parenteral nutrition, Hemophilia therapies)
- Home and Alternate Site Infusion Therapy Market contains segmentation By Type (Chemotherapy, Anti-infective Therapies, Immunotherapy, General Nursing Services, Others), By Application (Residential, Ambulatory Infusion Centers, Others)
- Cancer Infusion Therapy Market contains segmentation By Type (Pharmacies, Home Health Agencies, Others), By Application (Cancer, Chronic Disease, Others)
- The global digital therapeutics market size was valued at USD 2.88 Billion in 2019, and is expected to reach USD 13.80 Billion by 2027 with a CAGR of 20.5% during the forecast period.
- The global enteral nutrition market was valued at USD 6,762 Million in 2018 and is projected to reach USD 12,294 Million by 2027, registering a CAGR of 7.1% from 2020 to 2027.
- The global Parenteral Nutrition market size is projected to reach USD 270.9 Million by 2027, from USD 204.9 Million in 2020, at a CAGR of 4.0% during 2021-2027.
- The global enteral feeding devices market size was valued at USD 2,828.52 Million in 2019 and is projected to reach USD 4,426.54 Million by 2027 at a CAGR of 5.5% from 2020 to 2027.
- The global Pharmacy Benefit Management (PBM) market size is projected to reach USD 735050 Million by 2027, from USD 449120 Million in 2020, at a CAGR of 7.3% during 2021-2027.
- The global Smart Home Healthcare market size is projected to reach USD 15930 Million by 2027, from USD 5760.3 Million in 2020, at a CAGR of 15.1% during 2021-2027.
- The global Home Healthcare Software and Services market size is projected to reach USD 9971.4 Million by 2027, from USD 5764 Million in 2020, at a CAGR of 8.1% during 2021-2027.
To see the full list of related reports on the Home Healthcare
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