Home Infusion Therapy Market Industry Share, Statistics, Opportunity by 2028
The global home infusion therapy market size was USD 41.36 billion in 2020. The market is projected to grow from USD 34.54 billion in 2021 to USD 54.82 billion in 2028, with a CAGR of 6.8% in the 2021-2028 period.
Fortune Business Insights just published the Home
Infusion Therapy Market Report, which assesses the industry in terms of
market size, market share, revenue estimation, and geographical perspective.
The study also provides a thorough summary of the Home Infusion Therapy
Market's competitive, growth possibilities, and application landscape based on
the industry's financial and non-financial effects. The entire range of
information related to the Global Home Infusion Therapy Market is obtained from
various sources, and the obtained bulk of the information is arranged, processed,
and represented by a group of specialists using various methodological
techniques and analytical tools such as SWOT analysis to generate a
comprehensive set of trade-based studies.
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Market Drivers:
- Regulations by the Centres for Medicare & Medicaid
Services (CMC) allowed virtual patient visits, which may slightly hinder the
uptake of home infusion therapy.
- Rising prevalence of chronic diseases and a growing geriatric population are
fueling demand for home infusion therapy.
- The absence of reimbursement policies in some developing countries is a
restraining factor.
Competitive Analysis:
The leading businesses are concentrating heavily on
production technology innovation to boost efficiency and shelf life. Long-term
growth potential in this sector can be realized by assuring continuous process
improvements and financial flexibility to invest in effective methods. Some of
the participants include
- Option
Care Health Inc. (Illinois, U.S.)
- Optum,
Inc. (Minnesota, U.S.)
- CareCentrix,
Inc. (Hartford, U.S.)
- Lincare
Holdings Inc. (Florida, U.S.)
- BriovaRx
Infusion Services (Houston, U.S.)
- Fresenius
SE & Co. KGaA (Bad Homburg, Germany)
- Baxter
International (Deerfield, Illinois, U.S.)
- B.
Braun Melsungen AG (Melsungen, Germany)
- Terumo
Corporation (Tokyo, Japan)
- Moog
Inc. (New York, U.S.)
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Key Highlights:
- COVID-19 positively impacted the demand for home-care
therapy globally.
- The market showed a remarkable growth of 51.8% in 2020 compared to the
average year-on-year growth during 2017-2019.
- The rise in preference for homecare, particularly for infusion treatment, and
the development of infusion healing devices for home use are key factors
driving market growth.
- The pandemic led to an increase in the number of patients receiving infusion
therapy at home.
- The market is segmented into devices, drugs, and services, with the drug
segment holding the largest market share in 2020.
- North America led the market in 2020, while Asia Pacific is expected to
witness the highest growth during the forecast period.
- Key industry players include Option Care Health Inc., Optum, Inc.,
CareCentrix, Inc., CVS Health, and more.
- Companies are focusing on expanding their geographical footprints,
introducing new services, and collaborating to provide access to patients.
The industry report covers the following data points:
Section 1: This section provides an overview of the
global Home Infusion Therapy Market, including a general market introduction,
market analysis by applications, type, and geography. North America, Europe,
Asia-Pacific, and the Middle East and Africa are the primary regions of the
worldwide Home Infusion Therapy Market business. This section contains
information and forecasts for the Home Infusion Therapy Market (2022-2028).
Market dynamics describe the potential, primary driving forces, and market
risk.
Section 2: This section provides a profile of the
Market manufacturer based on their business overview, product type, and
application. This study also profiles each player's sales volume, market
product price, gross margin analysis, and market share.
Sections 3 and 4: These sections present the market
rivalry based on each manufacturer's sales, profitability, and market division.
It also discusses the industry scenario in terms of regional conditions.
Sections 5 and 6: These sections give forecast data
for the Home Infusion Therapy Market (2022-2028) by region. This research
presents sales channels such as direct and indirect marketing, traders,
distributors, and development patterns.
Sections 7 and 8: These sections address the
industry's important study results and outcomes, analysis technique, and data
sources.
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