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Transforming the Chemotherapy At Home Services Market in 2025: Growing Cancer Rates Propel Demand For Home-Based Chemotherapy Services
Chemotherapy At Home Services Market Size
In the past few years, the market size for chemotherapy at home services has seen swift expansion. Its growth is expected to rise from $1.75 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of 11.5%. The upsurge during the historical period can be linked to a surge in cancer cases, heightened patient preferences for home-based care, limitations in hospital capacity, enhancements in home healthcare infrastructure, and favorable government policies.
The market size for home-based chemotherapy services is anticipated to witness a substantial surge in the upcoming years. It's predicted to rise to $2.97 billion by 2029 with a compound annual growth rate (CAGR) of 11.1%. The expansion during the forecasted period is linked to factors such as escalating healthcare costs, an aging demographic, widened scope of home healthcare services, escalating focus on patient-centered care, intensifying necessity to lessen inpatient stays, and management of chronic diseases. Significant trends anticipated during this period comprise of the incorporation of AI and machine learning, personalized medicine strategies, wearable health technology, the rise of specialty home infusion services, and cooperative healthcare models.
What Are the Main Catalysts for Growth in the Chemotherapy At Home Services Market?
The rising occurrence of cancer is predicted to boost the expansion of the chemotherapy-at-home service market. Cancer is recognized by the unregulated proliferation and invasion of irregular body cells. This rise in cancer cases is attributable to several variables including an aging population, lifestyle modifications, environmental exposure, genetic tendencies, and more sophisticated diagnostic techniques enabling increased detection. Home-based chemotherapy allows patients to undergo treatments at home, thereby enhancing their convenience and overall quality of life. For example, as per the National Center for Biotechnology Information, a US intergovernmental organization, there were an estimated 1,958,310 new cancer cases and it is forecasted that there will be 609,820 cancer fatalities in 2023. Hence, the burgeoning incidence of cancer is fueling the expansion of the chemotherapy at-home service industry.
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Which Leading Companies Are Shaping the Growth of the Chemotherapy At Home Services Market?
Major companies operating in the chemotherapy at home services market are CVS Health Corporation, Optum Inc., Fresenius Kabi, Medtronic plc, Amgen, Penn Medicine, Advocate Health Care, Medibank Private Limited, Option Care Health Inc., Amedisys Inc., Lincare Holdings Inc., Cancer Treatment Centers of America (CTCA), BioScrip Inc., Shanghai MicroPort Lifesciences Co. Ltd., Accredo Health Group Inc., LloydsPharmacy Clinical Homecare, InfuSystem Holdings Inc., Portea Medical, Amerita Inc., Jivika Healthcare, Vitalis Health and Home Care Pty Ltd., Ubiqare Health Pvt. Ltd., View Health Pty Ltd group, Sciensus Pharma Services Limited, TCP Homecare
What Are the Major Trends Shaping the Chemotherapy At Home Services Market?
Leading corporations active in the market for chemotherapy-at-home services are introducing ground-breaking chemotherapy care services. These are designed to bring about a revolution in chemotherapy service delivery, as well as improving patient safety and comfort. This concept involves providing chemotherapy treatment within the comfortable and familiar environment of a patient's home. One such example occurred in September 2022, when India's Jivika Healthcare, a mobile medical service provider, unveiled their ChemoAtHome service designed specifically for cancer patients. This unique service offers reliable and superior cancer treatment carried out by professionally trained nurses and supervised by an MBBS-doctor offering a healthcare setting similar to that of a hospital in one's own home. ChemoAtHome's main goals are to offer convenience and financial savings by cutting up to 20% to 25% of the usual chemotherapy hospital charges. The service also extends to offering support both before and after chemotherapy, such as online oncologist consultations and home delivery of medications.
What Are the Key Segments of the Chemotherapy At Home Services Market?
The chemotherapy at home services market covered in this report is segmented -
1) By Product: Chemotherapy Drugs, Chemotherapy Infusion Pumps
2) By Administration: Oral, Intravenous
3) By Application: Breast Cancer, Blood Cancer, Ovarian Cancer, Colorectal Cancer
Subsegments:
1) By Chemotherapy Drugs: Oral Chemotherapy Drugs, Injectable Chemotherapy Drugs, Targeted Therapy Drugs, Chemotherapy Regimen Combinations
2) By Chemotherapy Infusion Pumps: Portable Infusion Pumps, Home Infusion Therapy Pumps, Electronic Infusion Pumps, Ambulatory Infusion Pumps
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Which Region Dominates the Chemotherapy At Home Services Market?
North America was the largest region in the chemotherapy at-home services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chemotherapy at home services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Chemotherapy At Home Services Global Market Report?
- Market Size Analysis: Analyze the Chemotherapy At Home Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Chemotherapy At Home Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Chemotherapy At Home Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Chemotherapy At Home Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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