Home Infusion Therapy Market Growth, Revenue, Trends and Forecasts 2022 to 2030

Home Infusion Therapy Industry Overview

 

The global home infusion therapy market size was valued at USD 31.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.9% from 2022 to 2030.

 

Home infusion therapy refers to the process in which patients receive treatment at home through the administration of drugs or biologicals through catheters and needles. Receiving treatment at home as opposed to hospitals or healthcare facilities is a cost-effective and more convenient option for patients, further driving the need for home infusion therapy.

 

The Covid-19 pandemic had a positive impact on the home infusion market as the technique of home infusion was the need of the hour as healthcare settings were burdened with increasing covid patients. The regional and country-wide lockdowns had significantly affected operations and supply chains but the market increased considerably in 2020. According to Medtech Dive, in October 2020, Baxter announced third-quarter sales of USD 2.97 billion, which is a 4% increase, due to the growing demand for its COVID-related medical products. Additionally, Baxter announced operational sales growth of 6% (3.2 billion) in Q3 2021 as compared to 3.0 billion in Q3 2020, reflecting the steady impact of pandemic recovery.

 

Gather more insights about the market drivers, restrains and growth of the Global Home Infusion Therapy market

 

The COVID-19 pandemic led to a spike in the hospitalization of several people and often many were to be placed on ventilators. This occupied space in hospitals as the infected patients are to be placed where they will not contaminate patients and the healthcare professionals affecting them. Due to the increasing need for space and beds in hospitals, companies are focusing to transition patients from the hospital to in-home, creating demand for home infusion therapy. The key factors fueling the growth of the market include the increasing geriatric population with decreased mobility profile, rising preference for home care, and rapid technological advancements. Several conditions such as immune deficiencies, cancer, and congestive heart failure require infusion therapy as these conditions cannot be treated with oral medication. Since these patients require long-term treatment, home infusion therapy is considered a more cost-effective alternative to receiving treatment in hospitals.

 

In February 2020, the Cancer Care at Home program was launched by the Penn Center for Cancer Care Innovation at the University of Pennsylvania’s Abramson Cancer Center. It aimed to broaden the delivery of oncology treatments to patients in the home setting. From mid-March to late April, the company reported a 700% increase in the number of patients participating in the program. This highlights the bright future that lies ahead for the home infusion market in the years to come.

 

Browse through Grand View Research’s Medical Devices Industry Research Reports.

 

• Centrifugal Blood Pumps Market – The global centrifugal blood pumps market size was valued at USD 63.0 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2028.
• Intravenous Infusion Pumps Market – The global intravenous infusion pump market size was estimated at USD 5.0 billion in 2021 and is anticipated to register a CAGR of 8.2% from 2022 to 2030.

 

Home Infusion Therapy Market Segmentation

 

Grand View Research has segmented the global home infusion therapy market on the basis of product, application, and region:

 

• Home Infusion Therapy Product Outlook (Revenue, USD Million, 2017 – 2030)
  • Infusion Pumps
    • Elastomeric Pumps
    • Electromechanical
    • Gravity
    • Others
  • Intravenous Sets
    • IV Cannulas
    • Needleless Connectors
  • Home Infusion Therapy Application Outlook (Revenue, USD Million, 2017 – 2030)
    • Anti-infective
    • Endocrinology
      • Diabetes
      • Others
    • Hydration Therapy
      • Athletes
      • Others
    • Chemotherapy
    • Enteral Nutrition
    • Parenteral Nutrition
    • Specialty Pharmaceuticals
    • Others
  • Home Infusion Therapy Regional Outlook (Revenue, USD Million, 2017 – 2030)
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa

 

Market Share Insights

 

• December 2021: Baxter International completed the acquisition of Hillrom. This acquisition will help the company in broadening its geographic footprint and integrating medical device technology that will enhance patient care, lower costs, and increase workflow efficiency.
• March 2021: Terumo and Glooko, a remote patient monitoring software and mobile apps company, announced technological integration to deliver new diabetes data solutions together globally. The partnership will allow the integration of data from Terumo’s diabetes care devices into Glooko’sdiasend diabetes data management platform.

 

Key Companies profiled:

 

Some prominent players in the global home infusion therapy market include

 

• CVS/Coram
• Option Care Health
• BriovaRx/Diplomat (UnitedHealth Optum)
• PharMerica
• Fresenius Kabi
• ICU Medical, Inc.
• Braun Melsungen AG
• Baxter
• BD
• Caesarea Medical Electronics
• Smiths Medical
• Terumo Corporation
• JMS Co. Ltd.

 

Order a free sample PDF of the Home Infusion Therapy Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.