Home Infusion Therapy Market Global Key Vendors and Analysis Report 2028
The global home infusion therapy market size was USD 41.36 billion in 2020. The market is projected to grow from USD 34.54 billion in 2021 to USD 54.82 billion in 2028, growing at a CAGR of 6.8% in the 2021-2028 period.
A new research publication focusing on "Home
Infusion Therapy Market" has been released by Fortune Business
Insights. This extensive industry report provides an introduction to new trends
that can help businesses in the Home Infusion Therapy Market industry
understand the market and develop growth strategies accordingly. The report
examines the market scope, industry segments, key drivers for development,
major segments, and SWOT analysis.
For More Information:
Information about the report:
·
Forecast Timeframe: 2021-2028
·
The starting year is 2021
·
Market Size in 2021: USD 34.54 billion
·
The market size in 2028 will be USD 54.82
billion
·
CAGR: 6.8%
·
Segments Included: By Product, Indication and
geographic region
Top Key Vendors of this Home Infusion Therapy Market are:
- Option
Care Health Inc. (Illinois, U.S.)
- Optum,
Inc. (Minnesota, U.S.)
- CareCentrix,
Inc. (Hartford, U.S.)
- Lincare
Holdings Inc. (Florida, U.S.)
- BriovaRx
Infusion Services (Houston, U.S.)
- Fresenius
SE & Co. KGaA (Bad Homburg, Germany)
- Baxter
International (Deerfield, Illinois, U.S.)
- B.
Braun Melsungen AG (Melsungen, Germany)
- Terumo
Corporation (Tokyo, Japan)
- Moog
Inc. (New York, U.S.)
Market Drivers:
The prevalence of
chronic diseases globally is on the rise, with conditions such as chronic
immune deficiencies, cancer, diabetes, and congestive heart failure becoming
increasingly common. According to the World Health Organization (WHO),
approximately 133 million Americans, which is 40% of the total population, are
affected by chronic diseases. As a result, there is a growing number of
patients who require infusion therapy, including those receiving treatment at
home.
One of the reasons
for the increasing demand for home infusion therapy is the recognition of the
benefits associated with this treatment modality. Home treatment allows
patients to receive necessary care in the comfort of their own homes, reducing
the need for hospital visits and providing convenience and comfort.
Additionally, advancements in technology have led to the development of devices
designed specifically for home use, further fueling the demand for home
infusion therapy.
Considering these
factors, the demand for home infusion therapy is expected to continue to grow
globally in the coming years.
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Regional Analysis for Home Infusion Therapy Market:
The home infusion therapy market in North America was valued
at USD 16.90 billion in 2020. This can be attributed to the rapid adoption of
therapy and the presence of key players in the region. Additionally, there has
been a significant increase in the number of patients opting for infusion
therapy at home, which is expected to further stimulate the market growth in
North America. According to a report published by Becker's Healthcare in 2019,
the number of patients receiving house infusions in the U.S. has increased by
300% in the last decade, with approximately 3 million patients receiving house
infusions for various indications.
In Europe, the market for home infusion therapy is projected
to experience substantial growth. This can be attributed to factors such as the
rising geriatric population, the growing burden of chronic diseases, and the
increasing number of initiatives by the government and market players towards
promoting home infusion therapy in the region. For instance, in January 2021,
Eitan Medical, a global leader in advanced infusion therapy and drug delivery
solutions, launched a U.K. operation to enhance support for its Sapphire
infusion pump customers, including NHS trusts, private hospitals, and home-care
providers.
With the increasing demand for home infusion therapy and the
development of innovative solutions, the home infusion therapy market is
expected to continue its growth trajectory in both North America and
Europe.
Report contents include:
- Historical
data and forecast.
- Analysis
of the Home Infusion Therapy Market market including revenues, future
growth, market outlook.
- Regional
analysis including growth estimates.
- Analyzes
the end user markets including growth estimates.
- Profiles
on Home Infusion Therapy Market including products, sales/revenues, and
market position.
- Market
structure, market drivers, and restraints.
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Important Features of the reports:
Detailed analysis of the Home Infusion Therapy Market.
Fluctuating market dynamics of the industry.
Detailed market segmentation.
Historical, current, and projected market size in terms of
volume and value.
Recent industry trends and developments.
Competitive landscape of the Home Infusion Therapy Market.
Strategies of key players and product offerings.
Potential and niche segments/regions exhibiting promising
growth.
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