The Global Home Infusion Therapy Market Report is a compilation of comprehensive research studies of various aspects of the Home Infusion Therapy Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Home Infusion Therapy market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Home Infusion Therapy market and how they will evolve in the years to come.
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U.S. home infusion therapy market was valued at US$ 7,849.6 million in 2022 and is estimated to reach US$ 19,250.0 million by 2030, growing at a CAGR of 10.5% over the forecast period.. Baxter International, Becton Dickinson, Fresenius Kabi, Smith Medical, B. Braun, Amsino International, Halyard Health and Terumo Corporation among others.
Increasing technological advancements with regards to automations in healthcare devices are fueling U.S. home infusion therapy market growth. Advancement such as modification of conventional insulin infusion pumps into smart ones with reduced dosage error and easy usage are prominent driving factors of market growth. Moreover, from the demand side, rapidly expanding geriatric patient pool happens to be the primary reason behind growing adoption of various home infusion therapy products across the U.S. Government funding in research and development to provide best possible solutions to the elderly is further promoting market expansion.
Rising incidences of chronic diseases such as diabetes, respiratory disorders, cancer, and so on, are augmenting demand for home infusion therapies. The need to provide continuous monitoring and therapy to patients with chronic diseases will spur demand for home care devices during the forecast timeframe.
High average household income and access to healthcare are other major market growth promoting factors in some of the regions across the U.S. Increasing affordability of various devices due to insurance provision will drive U.S. home infusion therapy market in certain regions.
However, reimbursement limitation proves to be a major hurdle in market expansion path. Lack of reimbursement and insurance on some of the devices hinder their adoption, and thus market growth. Furthermore, sporadic affordability across the nations restrains market expansion.
Infusion pumps, intravenous sets, IV cannulas and needleless connectors are some of the major products used in home therapy. Infusion pumps held the largest market share in 2018 and it is estimated to expand at a rapid rate over the projection period. Infusion pumps market growth is attributed to effectiveness and easy usage offered by modern pumps.
Anti-infective home infusion therapy accounted for the largest market share in 2018, owing to the high rate of hospital acquired infections. Over the forecast period, parenteral home infusion therapy will be largely responsible for driving market growth. Increasing incidences of gastro-intestinal tract disorders which require continuous parenteral infusion of food and medicine, will augment market expansion.
South Atlantic region home infusion therapy market, held largest market share and is estimated to hold its dominance in future years. High average household income and access to healthcare are the major reasons behind rising demand for home infusion products across the region.
Pacific central region home infusion market is anticipated to grow rapidly owing to increasing government efforts to offer affordable home care solutions to geriatric population across the region.
The report provides both, qualitative and quantitative research of U.S. home infusion therapy market, it also provides penetrative insights into the rational scenario and favored development methods adopted by key contenders. The report also offers extensive research on the key players in the market and detailed insights into the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by major players are also recognized and analyzed in the report. For each company, the report recognizes its headquarter, competitors, product/service type, application and specification, pricing, and gross margin.
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U.S. Home Infusion Therapy Market :
- By Product
- Infusion pumps
- Intravenous sets
- IV cannulas
- Needleless connectors
- By Application
- Anti-infectives
- Hydration therapy
- Chemotherapy
- Enteral nutrition
- Parenteral nutrition
- Specialty pharmaceuticals
- Others
- By Geography
- East North Central
- Illinois
- Indiana
- Michigan
- Ohio
- Wisconsin
- West South Central
- Arkansas
- Louisiana
- Oklahoma
- Texas
- South Atlantic
- Delaware
- Georgia
- Maryland
- North Carolina
- South Carolina
- Virginia
- West Virginia
- Washington D.C.
- North East
- Connecticut
- Maine
- Massachusetts
- New Hampshire
- Rhode Islands
- Vermont
- New Jersey
- New York
- Pennsylvania
- East South Central
- Alabama
- Kentucky
- Mississippi
- Tennessee
- West North Central
- Iowa
- Kansas
- Minnesota
- Missouri
- Nebraska
- North Dakota
- South Dakota
- Pacific Central
- Alaska
- California
- Hawaii
- Oregon
- Washington
- Mountain States
- Arizona
- Colorado
- Utah
- Nevada
- New Mexico
- Idaho
- Montana
- Wyoming
- East North Central
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