The Home Infusion Therapy Global Market Report 2023 by The Business Research Company, provides home infusion therapy market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Home Infusion Therapy Global Market Report 2023, the global home infusion therapy market size grew from $24.99 billion in 2022 to $27.93 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the home infusion therapy market is expected to grow to $40.52 billion in 2027 at a CAGR of 9.7%.The increasing population and consequent rise in food demand are expected to propel the growth of the home infusion therapy market moving forward. Food refers to the substance consisting of protein, carbohydrates, fat, and other nutrients that are used in the body of an organism for sustaining growth and vital processes and furnishing energy. Food is the essential factor for the patients undergoing home infusion therapy, and the increasing population led to an increase in the number of aged people who require home infusion therapy.
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The home infusion therapy market 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
Strategic partnerships and collaborations have emerged as the key trend gaining popularity in the home infusion therapy market. Major companies operating in the home infusion therapy sector are focused on partnerships to reinforce their position in the market. For instance, in April 2022, CarepathRx, a US-based pharmacy, and medication management solutions, partnered with Mount Sinai Health System, a US-based hospital network. This partnership allows expanding patient access to home infusion therapies across the Mount Sinai Health System, encompassing its eight hospitals and ambulatory footprint. Furthermore, in December 2021, CarepathRx, a US-based pharmacy, and medication management solutions, partnered with the University of Chicago Medicine (UChicago Medicine), a US-based academic medical center. This partnership allows CarepathRx to provide comprehensive home and specialty infusion services to the academic health system’s growing patient population. It also helps UChicago Medicine to extend its clinical reach into the home and ambulatory setting.The home infusion therapy market report table of contents includes:
1. Executive Summary
2. Home Infusion Therapy Market Characteristics
3. Home Infusion Therapy Market Trends And Strategies
4. Home Infusion Therapy Market – Macro Economic Scenario
5.COVID-19 Impact On Home Infusion Therapy Market
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26. Africa Home Infusion Therapy Market
27. Home Infusion Therapy Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Home Infusion Therapy Market
29. Home Infusion Therapy Market Future Outlook and Potential Analysis
30. Appendix
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