The global home infusion therapy market is estimated to be valued at USD 24.51 Bn in 2024 and is expected to reach USD 38.4 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031.
Figure 1. Home Infusion Therapy Market Share (%), By Region, 2024
Home infusion therapy refers to the delivery of medications and nutrients directly into a patient's bloodstream at home, through an intravenous (IV) device or IV catheter. It allows patients to receive various therapies in the comfort of their own home, instead of visiting a healthcare facility. A number of chronic diseases and conditions, such as cancer, congestive heart failure, immunotherapy, and diabetes, are increasingly being treated through home infusion therapy. Growing geriatric population, increasing prevalence of chronic diseases, cost competitiveness compared to hospitalization, and technological advancements in home infusion devices are the major factors driving this market. However, lack of skilled healthcare professionals, stringent regulations, and reimbursement issues may restrain the market to a certain extent.
Market Dynamics:
The global home infusion therapy market is driven by factors such as growing geriatric population, increasing prevalence of chronic diseases, cost competitiveness as compared to hospitalization, and technological advancements in home infusion devices. As per WHO, the global geriatric population is expected to reach approximately 1.5 billion by 2050, up from 900 million in 2015. Moreover, rising cases of chronic conditions such as cancer, diabetes, congestive heart failure, and autoimmune diseases are increasing the demand for home infusion therapy. Home infusion therapy allows patients to receive treatment in comfort of their home, avoiding high costs associated with hospital stays. However, lack of skilled healthcare professionals especially in developing regions, stringent regulations, and issues regarding reimbursement policies pose a challenge to market growth. Lack of awareness in some countries also restrains the market growth. Nevertheless, ongoing research and introduction of new home infusion therapy devices are expected to create growth opportunities for market players.
Key Features of the Study:
- This report provides in-depth analysis of the global home infusion therapy market, and provides market size (USD billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global home infusion therapy market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Option Care Health, Inc., UK HomeCare Services Ltd., Coram LLC, Pfizer Inc., Medtronic, CareCentrix Inc. , PharMerica Corporation.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global home infusion therapy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global home infusion therapy market.
Detailed Segmentation-
- By Product Type
- Infusion Pumps
- Ambulatory Infusion Pumps
- Insulin Pumps
- Syringe Pumps
- Elastomeric Pumps
- Patient Controlled Analgesics (PCA)
- Volumetric Pumps
- Intravenous Set
- IV Cannulas
- Needleless Connectors
- By Application
- Chemotherapy
- Diabetes
- Hydration Therapy
- Pain Management
- Post-transplant Therapies
- Parenteral Nutrition Therapy
- Others
- Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- Baxter International Inc.
- Braun Melsungen AG
- Fresenius Kabi AG
- Smiths Medical
- CareCentrix, Inc.
- Coram CVS/specialty infusion services
- Option Care Health Inc.
- CVS Health
- UnitedHealth Group (Optum)
- McKesson Corporation
- PharMerica Corporation
- BioScrip, Inc.
- MedicoRx Specialty Pharmacy
- Infusystem
- Diplomat Pharmacy, Inc.
- Accredo Health Group, Inc.
- Healix, Inc.
- PromptCare Home Infusion