The global Home Infusion Therapy market size was valued at US$ 31 billion in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of 8.6% from 2022 to 2032. Infusion Pumps is expected to be the highest revenue-generating product, accounting for an absolute dollar opportunity of nearly US$ 301 Billion during 2022 – 2032.
The market is anticipated to expand as a result of a number of factors, including an increase in the prevalence of chronic illnesses, the availability and skill of care providers, professional development opportunities, candour about the quality of care, remote patient management, technological advancements in intravenous devices, and openness about the standard of care. Because of this, it is expected that the market for home infusion therapy would grow at a CAGR of 8.6% during the next ten years.
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Why Infusion Pumps is Gaining the Utmost Traction among Various Home Infusion Therapy Services?
Infusion pumps held more than half of the home infusion therapy market share in 2021, with a market value of US$ 16.5 Bn, owing to the many advantages they provide in intravenous therapy. Infusion pumps deliver fluids to a patient’s body in a controlled manner, including nutrients or drugs. Insulin pumps, implanted pumps, and portable chemotherapy pumps are just a few of the chronic illnesses they can be used to treat.
Businesses in the industry are also concentrating on creating ground-breaking, portable, and cutting-edge infusion pumps, which are crucial for therapeutic and medical treatments. The expansion of this market is projected to be aided by additional reasons such the rising frequency of chronic diseases, the ageing population, and reasonably priced products.
Key Companies Profiled
- Option Care Health
- Fresenius Kabi
- ICU Medical, Inc.
- B. Braun Melsungen AG
- Caesarea Medical Electronics
- Smiths Medical
- Terumo Corporation
- JMS Co. Ltd
In order to help market participants, make strategic decisions and strategically target both the domestic and international markets, the Home Infusion Therapy market research examines the important issues relevant to the sectors, assesses the developing trends, gives essential insights.
A macroeconomic and corporate forecast of the Home Infusion Therapy market is provided by the report. In this research, industry leaders offer recommendations that will get the market’s players ready for a better tomorrow.
- 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.
A thorough analysis of the entire market is made possible by the inclusion of granular segmentation by end-use, category, function, and geographic region in the global Home Infusion Therapy market report. Similarly, the existing and anticipated expansion of the Home Infusion Therapy business affects the market share of publications.
The research also includes profiles of the Home Infusion Therapy industry’s goods, sales, returns, competitive landscape, market structure, industry drivers, and key business challenges. The study calculates the market’s current growth rate, projected future growth, and the key drivers that will affect that growth in 2022. The research also anticipates sales for the years 2022 to 2032 and calculates the number of product sold from 2015 to 2020.
Home Infusion Therapy Market: Segmentation
- By Product Type :
- Infusion Pumps
- Other Infusion Pumps
- Intravenous Sets
- IV Cannulas
- Needless Connectors
- Infusion Pumps
- By Application Type :
- Hydration Therapy
- Enteral Nutrition
- Parenteral Nutrition
- Specialty Pharmaceuticals
- Other Applications
- By Region :
- North America
- Latin America