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The global home infusion therapy market size is estimated to grow by USD 17.37 billion at a CAGR of 8.12% between 2022 and 2027.
The technological advancements in infusion pumps and remote monitoring devices are a major trend in the market. Technological advancements have revolutionized the delivery of infusion therapy by improving patient safety, convenience, and treatment efficacy. In addition, infusion pump technology has evolved significantly, with modern devices offering precise and programmable delivery of medications, fluids, and nutrients. Furthermore, these pumps feature advanced functionalities such as dose customization, flow rate adjustments, and built-in safety mechanisms to prevent medication errors and adverse events. Hence, such factors are positively impacting the market.
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The anti-infective segment is estimated to witness significant growth during the forecast period. In the global market, the anti-infective segment is pivotal for treating a spectrum of infectious diseases in patients' residences. In addition, antibiotics are extensively utilized for bacterial infections like urinary tract infections and skin infections, providing patients with extended therapy periods outside hospital settings.
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The anti-infective segment was the largest segment and was valued at USD 7.34 billion in 2018. Moreover, antiviral medications play a vital role in managing chronic viral infections such as HIV/AIDS and hepatitis, ensuring adherence to complex treatment regimens while enhancing patient comfort. In addition, antifungal therapies administered via infusion address serious fungal infections like candidiasis, offering patients with compromised immune systems or prolonged treatment needs an effective and convenient treatment option. Furthermore, antiparasitic medications combat parasitic infections such as malaria and toxoplasmosis, enabling patients to receive optimal therapy, particularly those intolerant to oral medications or requiring parenteral treatment. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
In the market, the infusion pump segment is a vital device used for delivering medications, fluids, or nutrients directly into a patient's bloodstream or tissues in a controlled manner. In addition, these pumps come in various types, including ambulatory pumps, syringe pumps, volumetric pumps, and elastomeric pumps, each offering specific features to meet diverse patient needs. Moreover, ambulatory infusion pumps are portable devices designed for patients who require continuous infusion therapy while maintaining mobility. Furthermore, syringe pumps are used for administering small volumes of medication or fluids with high precision, making them suitable for pediatric and elderly patients or those requiring highly accurate dosing. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. Factors such as the advanced healthcare infrastructure, high adoption rates of home-based medical treatments, and a large patient population with chronic disease are fuelling the market in North America. In addition, the region encompasses countries such as the United States and Canada, where the prevalence of chronic conditions such as cancer, autoimmune diseases, and infectious diseases drives the demand for home infusion therapy. Moreover, factors contributing to the growth of the market in North America include increasing healthcare expenditure, rising awareness about the benefits of home-based care, and favorable reimbursement policies for home infusion therapy services. In addition, technological advancements in infusion pumps, remote monitoring devices, and healthcare IT solutions further facilitate the delivery of safe and effective infusion therapy in patients' homes. Hence, such factors are driving the market growth in North America during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
B.Braun SE: The company offers home infusion such as Digital smart infusion therapy with Space plus and OnlineSuitelus, which is more patient oriented and easier to work in.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
Increasing developments and collaborations for patient care and therapeutic options is an emerging trend in the market. A primary trend in the global market is the growing number of developments, reflecting ongoing advancements in technology, patient care models, and therapeutic options. For instance, KGaA and the American healthcare company Premier, Inc. in May 2023. The goal of this technology is to increase the dependability and user-friendliness of infusion pumps.
Moreover, Amedisys Inc., a well-known provider of home health services, and Option Care Health Inc., a healthcare service provider, will introduce a stand-alone platform for home care services in May 2023. Therefore, these developments underscore the dynamic nature of the global market, driving improvements in patient outcomes and expanding access to convenient and personalized healthcare solutions. Hence, such factors are driving the market growth during the forecast period.
High upfront costs associated with infusion pumps and equipment procurement is a major challenge hindering the market. One of the significant challenges in the global market is the high upfront costs related to infusion pumps and equipment procurement. In addition, infusion pumps are essential devices used to administer medications, fluids, and nutrients to patients in the home setting.
However, the initial investment needed to purchase or lease infusion pumps and related equipment can be substantial for both patients and healthcare providers. In addition, for patients, the high upfront costs may pose a financial barrier, particularly for those with limited financial resources or inadequate insurance coverage. Furthermore, for patients who are already managing chronic illnesses and medical expenses, co-payments, deductibles, and coverage limitations can add to the out-of-pocket costs, even with insurance. Hence, such factors are hindering the market growth during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
The market report forecasts market growth by revenue at global, regional & country levels and provides a market growth analysis of the latest market trends and growth opportunities from 2018 to 2028.
The Market is witnessing a surge in patient-centric healthcare solutions, emphasizing personalized treatment for conditions like immune deficiencies, congestive heart failure, and Parkinson's disease (PD). The market's advanced technologies encompass infusion devices, smart pumps, and barcode technology, contributing to data-driven healthcare delivery. Market concentration characteristics indicate a competitive landscape, fostering merger and acquisition (M&A) activity. Innovations like the CADD-Solis ambulatory infusion pump, needleless connectors, and pressure pumps are pivotal in administering antifungal and antibiotic drugs, particularly in cancer treatment. This dynamic landscape underscores the market's commitment to delivering effective and convenient home-based infusion therapies.
Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.12% |
Market Growth 2024-2028 |
USD 17.37 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.58 |
Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
Performing market contribution |
North America at 39% |
Key countries |
US, Germany, UK, Japan, and China |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
B.Braun SE, Baxter International Inc., Becton Dickinson and Co., Bio-Med Pvt. Ltd., Cardinal Health Inc., Catholic Health Initiatives, Community Surgical Supply, Fresenius SE and Co. KGaA, Health Vista Pvt Ltd., Health2home, ICU Medical Inc., Medix Infusion, Nipro Corp., Option Care Health Inc., Prochant, Reviv Genetics Ltd., Sober Care Surgical, UnitedHealth Group Inc., University of Pennsylvania Health System, and Walgreens Boots Alliance Inc. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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