Home Infusion Therapy Market is Projected to Increase at a CAGR of Around 8.6% by 2032

The size of the global market for home infusion therapy was projected at US$ 31 billion in 2021, and it is anticipated to increase at a CAGR of 8.6% from 2022 to 2032.

The greatest revenue-generating product, Infusion Pumps, is anticipated to contribute for an absolute dollar opportunity of close to US$ 301 billion between 2022 and 2032.The market is expected to grow as a result of factors including the availability and skills of care providers, professional development opportunities, openness about the calibre of care, remote patient management, technological advancements in intravenous devices, and an increase in the prevalence of chronic illnesses. Due to this, the market for home infusion therapy is anticipated to expand at a CAGR of 8.6% during the following ten years.

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Key Highlights:

• The study analyses the state of the latest worldwide Home Infusion Therapy market.
• The paper investigates the pandemic scenarios that are most likely to have a long-term impact on the sector.
• The paper examines in great detail how the world market for Home Infusion Therapy is changing.
• The research examines how the worldwide Home Infusion Therapy market is changing, the target markets with the greatest prospects, and emerging trends that could directly or indirectly affect your organisation.
• The report identifies prospects as well as the main obstacles you may face in the near future.

Competitive Landscape:

CVS/Coram, Option Care Health, BriovaRx/Diplomat (UnitedHealth Optum), PharMerica, Fresenius Kabi, ICU Medical, Inc., B. Braun Melsungen AG, Baxter, BD, Caesarea Medical Electronics, Smiths Medical, Terumo Corporation, JMS Co. Ltd. are some of the key players in the global home infusion therapy market. One of the key factors boosting industry rivalry among market rivals is the rapid use of contemporary healthcare technologies for improved healthcare services.

To retain market share and broaden their product range, significant players commonly adopt techniques such as mergers, acquisitions, and new product releases.

Some of the recent developments of key Home Infusion Therapy providers are as follows:

• In May 2021, Smiths Medical and Ivenix, Inc. announced a partnership to deliver a comprehensive range of infusion management solutions to the U.S. market. The goal of this partnership is to enhance infusion administration and patient safety.

• In March 2021, PromptCare purchased NBN Infusions, Inc, a home infusion and respiratory treatment service provider located in New Jersey. NBN Infusions, Inc. specialises in providing infusion treatment to critically ill patients. PromptCare will gain market share in the Northeastern United States as a result of this transaction.

• In December 2021, Baxter International announced the purchase of Hillrom. It will help the firm extend its global reach while also integrating medical device innovations to improve patient care, save costs, and streamline operations.
• In February 2020, Avoset created a homecare system, AvosetGO, an infusion pump device with embedded touch displays that can be connected and monitored via smart devices.

• In March 2021 Terumo and Glooko, a company that creates remote patient monitoring software and mobile apps, formed a technical agreement to provide diabetes data solutions throughout the world. As a result of the collaboration, data from Terumo's diabetes care devices will be linked into Glooko's diabetic data management platform, Diasend.

• In May 2020, the Australian Therapeutic Goods Administration awarded the Evo IQ Syringe Infusion System CE marking and marketing approval.
Similarly, recent developments related to companies offering Home Infusion Therapy have been tracked by the team at Fact.MR, which are available in the full report.

Market Segments Covered in Home Infusion Therapy Industry Analysis:

• By Product Type :
o Infusion Pumps
 Elastomeric
 Electromechanical
 Gravity
 Other Infusion Pumps
o Intravenous Sets
o IV Cannulas
o Needless Connectors

• By Application Type :
o Anti-Infective
o Endocrinology
o Hydration Therapy
o Chemotherapy
o Enteral Nutrition
o Parenteral Nutrition
o Specialty Pharmaceuticals
o Other Applications

• By Region :
o North America
o Latin America
o Europe
o APAC
o MEA

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The key business strategies discussed in this market research revolve around:

• How key players in the Home Infusion Therapy market are maintaining their competitive advantage in the wake of globalization?
• What changing dynamics in the Home Infusion Therapy industry specify about the future opportunities for manufacturers?
• How Covid-19 pandemic affected sales in the Home Infusion Therapy market and what strategies are expected to recover from its impact?
• What business tactics are gaining attention and influencing Home Infusion Therapy market rivalry?
• What is the current Home Infusion Therapy market share?

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This release was published on openPR.