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Growing Cancer Rates Propel Demand For Home-Based Chemotherapy Services: An Emerging Driver Transforming The Chemotherapy At Home Services Market Landscape
Chemotherapy At Home Services Market
What Is the Projected Growth of the Chemotherapy At Home Services Market?
The chemotherapy at home services market size has grown rapidly in recent years. It will grow from $1.75 billion in 2024 to $1.95 billion in 2025, at a compound annual growth rate (CAGR) of 11.5%. This growth is driven by the increasing incidence of cancer, the growing demand for home-based care, hospital capacity constraints, improvements in home healthcare infrastructure, and supportive government policies.
The chemotherapy at home services market is projected to grow to $2.97 billion by 2029, with a CAGR of 11.1%. This growth is supported by rising healthcare costs, an aging population, expansion in home healthcare, patient-centric care, and the need to reduce inpatient stays. Trends include AI integration, personalized medicine, wearable health technology, and growth in specialty home infusion services.
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What Are the Different Chemotherapy At Home Services Market Segments?
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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What Are the Primary Drivers Shaping the Chemotherapy At Home Services Market?
The increasing incidence of cancer is expected to accelerate the growth of the chemotherapy-at-home services market. Factors like aging populations and environmental exposures are contributing to the rising cancer rates. Chemotherapy-at-home services allow patients to receive treatment in the comfort of their homes. In January 2023, the National Center for Biotechnology Information projected over 1.9 million new cancer cases and over 600,000 cancer-related deaths in the U.S., highlighting the demand for home chemotherapy services.
Which Companies Are Leading in 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 Latest Developing Trends in the Chemotherapy At Home Services Market?
Companies in the chemotherapy-at-home services market are revolutionizing care delivery to improve patient safety and convenience. For instance, in September 2022, Jivika Healthcare, an India-based mobile medical service provider, introduced ChemoAtHome, offering chemotherapy care at home under professional supervision. This service provides cost savings and enhanced patient comfort with a home-based setup and support services.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Chemotherapy At Home Services Market?
2. What is the CAGR expected in the Chemotherapy At Home Services Market?
3. What Are the Key Innovations Transforming the Chemotherapy At Home Services Industry?
4. Which Region Is Leading the Chemotherapy At Home Services Market?
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