Overview and Scope
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.
Sizing and Forecast
The home infusion therapy market size has grown rapidly in recent years. It will grow from <b>$28.68 billion in 2023 to $31.95 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. </b> The growth in the historic period can be attributed to increased aging population, increased aging population, rise in patient preference, increased chronic diseases, rise in hospital avoidance.
The home infusion therapy market size is expected to see rapid growth in the next few years. It will grow to <b>$47.43 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. </b> The growth in the forecast period can be attributed to rising telehealth integration, increasing personalized medicine, rising pandemic preparedness, patient empowerment, rising value-based care models. Major trends in the forecast period include advanced infusion devices, biologic and specialty drugs, pediatric home infusion, infusion pump safety, patient education and training.
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Segmentation & Regional Insights
The 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
<b>North America</b> was the largest region in the home infusion therapy market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the home infusion therapy market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
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. For instance, according to United Nations data, the world’s population has been expected to increase by 2 billion people in the next 30 years, from 7.7 billion currently to 9.7 billion in 2050. Moreover, according to Intechnopen data, a London-based journal website, the global demand for food has been expected to increase by 70% by 2050. Therefore, the increasing population and consequent rise in food demand will drive the growth of the home infusion therapy market.
Key Industry Players
Major companies operating in the home infusion therapy market include <b> 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. </b>
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 analysis
5. Home Infusion Therapy Market Size And Growth
6. Home Infusion Therapy Segmentation
7. Home Infusion Therapy Regional And Country Analysis
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27. Home Infusion Therapy Competitive Landscape And Company Profiles
28. Home Infusion Therapy Key Mergers And Acquisitions
29.Home Infusion Therapy Future Outlook and Potential Analysis
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