The global “Home Infusion Therapy Market Growth” is likely to USD 86.89 billion by the end of 2027 owing to the increasing adoption of home medical services worldwide. In a home infusion therapy setting, a patient receives all medical assistance at home including drugs and biologics via a subcutaneous or an intravenous administrative route. According to a recent report by Fortune Business Insights titled, “Home Infusion Therapy Market Size, Share & Industry Analysis, By Product (Devices, Drugs, and Services) By Indication (Anti-Infective, Chemotherapy, Hydration Therapy, Enteral Nutrition, Total Parenteral Nutrition, Immunoglobulin Therapy, and Others), and Regional Forecast, 2020-2027,” the value of this market was USD 27.25 billion in 2019 and is expected to grow at a CAGR of 2.2% between 2020 and 2027.
Drugs Segment to Hold Dominance Owing to Increasing Incidences of Cancer
Based on segmentation by product, the drugs segment earned the highest home infusion therapy market share on account of the increasing number of immune diseases worldwide and the rising prevalence of cancer. Besides this, the devices segment earned a 6.6% share and is likely to witness significant growth in the coming years on account of increasing technological advancements in the delivery of home medication system for various purposes.
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Highlights of the Report:
- In-depth analysis of various insights, namely, Home Infusion Therapy Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Home Infusion Therapy Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
Lockdowns Amid COVID-19 Pandemic to Bode Well for the Market
The increasing prevalence of the geriatric population and their vulnerability towards chronic diseases such as cancer, diabetes, and cardiac issues among others stands as major home infusion therapy market devices. In addition to this, the increasing cases of hospital-acquired infections are also propelling people to opt for medical services at home. This, coupled with cost-efficient home treatment faster recovery at home than hospital are likely to bode well for the market.
Key Players Operating in The Home Infusion Therapy Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Optum, Inc.
- Option Care Health Inc.
- Moog Inc.
- CareCentrix, Inc.
- Braun Melsungen AG
- Lincare Holdings Inc.
- BriovaRx Infusion Services
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Key Chronic Diseases, 2019, Key Countries/Regions
- New Product Launches for Home Infusion Therapy
- Covid-19 Impact on the Home Infusion Therapy, and Key Steps Taken by Market Players
- Key Industry Development such as Mergers, Acquisition, and Partnerships
- Global Home Infusion Therapy Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Market Analysis, Insights and Forecast – By Indication
- Hydration Therapy
- Enternal Nutrition
- Total Parenteral Nutrition
- Immunoglobulin Therapy
- Market Analysis, Insights and Forecast – By Country/Sub-region
- North America
- Asia Pacific
- Rest of the World
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- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Home Infusion Therapy Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Home Infusion Therapy Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Home Infusion Therapy Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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