Home Infusion Therapy Market Size Expected To Reach US$ 56.2 Billion With CAGR 7.23% By 2027

According to the latest report by IMARC Group, titled "Home Infusion Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The global home infusion therapy market size reached US$ 37.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 56.2 Billion by 2027, exhibiting a growth rate (CAGR) of 7.23% during 2022-2027.

Home Infusion Therapy Industry Definition and Application:

Home infusion therapy is a medical practice that enables patients to receive medications through intravenous (IV) or subcutaneous routes in the comfort of their own homes. It involves using specialized equipment such as pumps, catheters, and vials to infuse antivirals or immune globin medications. It is an effective method of administering various types of drugs or biologics used in chemotherapy and hydration, enteral, inotropic, anti-infective, nutritional, and pain management therapies. Since it enables self-administration of drugs for patients with medical conditions where oral medications are not effective, home infusion therapy is gaining immense traction across the globe.

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Home Infusion Therapy Market Trends and Drivers:

The global home infusion therapy market is primarily driven by the increasing prevalence of chronic medical conditions such as cancer, osteoarthritis, and diabetes and the growing preference for at-home treatments among patients. Moreover, the rising incidence of hospital-acquired infections (HAIs) caused by contaminated equipment, linens, and air droplets in healthcare facilities has augmented the demand for home infusion therapy. Additionally, the escalating demand for home infusion therapy amid the recent COVID-19 pandemic as patients seek to minimize their exposure to the virus while receiving proper treatment has catalyzed the market growth. Furthermore, the development of user-friendly and cost-effective home infusion kits is contributing to market growth. Other factors, including the rising geriatric population, which is more prone to chronic diseases, improvements in the healthcare infrastructure, and technological advancements, are also anticipated to drive the market further.

Home Infusion Therapy Market Segmentation:

The report has segmented the market on the basis on region, product and application.

Breakup by Product:

Infusion Pumps
Elastomeric
Electromechanical
Gravity
Others
Intravenous Sets
IV Cannulas
Needleless Connectors

Breakup by Application:

Anti-Infective
Endocrinology
Diabetes
Others
Hydration Therapy
Athletes
Others
Chemotherapy
Enteral Nutrition
Parenteral Nutrition
Specialty Pharmaceuticals
Others

Breakup by Region:

North America:( United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico,Others)
Middle East and Africa

Competitive Landscape:

Braun Melsungen AG
Baxter International Inc.
Becton Dickinson and Company,
Eli Lilly and Company
Fresenius SE & Co. KGaA
ICU Medical Inc.
JMS Co. Ltd.
Nipro Corporation
Option Care Health Inc. (Walgreen Co.)
Smiths Group plc
Terumo Corporation.

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