Home Infusion Therapy Market Report 2024: Strategies And Recent Developments | B. Braun Melsungen AG, Baxter International Inc., Eli Lilly and Company, Fresenius Kabi AG

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2424

The Business Research Company offers in-depth market insights through Home Infusion Therapy Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The home infusion therapy market size has grown rapidly in recent years. It will grow from $28.68 billion in 2023 to $31.95 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. 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 $47.43 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. 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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Market Segmentation:
The main types of products in home infusion therapy are infusion pumps, intravenous sets, IV cannulas, and needleless connectors. Home infusion pumps are medical devices that deliver medicine into the patient's body in specific, controlled amounts. It controls the rate of replacement fluid infused into the blood outflow line or the blood inflow line. The different administrations include intramuscular, subcutaneous, and epidural, which are used in numerous applications such as total parenteral nutrition, anti-infective therapy, enteral nutrition, hydration therapy, chemotherapy, IVIg or specialty pharmaceuticals, and other applications. The several end users include patients, nurses, hospitals, and others.

Major Driver - Rising Global Population And Increased Food Demand Fueling Growth In The Home Infusion Therapy Market
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.

Competitive Landscape:
Major companies operating in the home infusion therapy market include 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.

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Top Trend - Strategic Partnerships And Collaborations Reshaping The Home Infusion Therapy Market
Strategic partnerships and collaborations have emerged as the key trend gaining popularity in the home infusion therapy market. Major companies operating in the home infusion therapy sector are focused on partnerships to reinforce their position in the market. For instance, in April 2022, CarepathRx, a US-based pharmacy, and medication management solutions, partnered with Mount Sinai Health System, a US-based hospital network. This partnership allows expanding patient access to home infusion therapies across the Mount Sinai Health System, encompassing its eight hospitals and ambulatory footprint. Furthermore, in December 2021, CarepathRx, a US-based pharmacy, and medication management solutions, partnered with the University of Chicago Medicine (UChicago Medicine), a US-based academic medical center. This partnership allows CarepathRx to provide comprehensive home and specialty infusion services to the academic health system's growing patient population. It also helps UChicago Medicine to extend its clinical reach into the home and ambulatory setting.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Home Infusion Therapy Market Characteristics
3. Home Infusion Therapy Market Trends And Strategies
4. Home Infusion Therapy Market - Macro Economic Scenario
5. Home Infusion Therapy Market Size And Growth
…..
27. Home Infusion Therapy Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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