Global home infusion therapy market

Home Infusion Therapy Market Size, Share, Growth Analysis, By Indication Analysis(Enteral Nutrition, Anti-Infective, Chemotherapy, Parenteral Nutrition), By Product Analysis(Devices, Drugs, Services), By Region - Industry Forecast 2024-2031


Report ID: SQSG35J2007 | Region: Global | Published Date: February, 2024
Pages: 165 |Tables: 67 |Figures: 75

Home Infusion Therapy Market Insights

Home Infusion Therapy Market size was valued at USD 43.35 billion in 2019 and is poised to grow from USD 45.41 billion in 2023 to USD 65.2 billion by 2031, growing at a CAGR of 4.63% in the forecast period (2024-2031).

Infusion therapy services are also used to treat multiple sclerosis, rheumatoid arthritis, Crohn's illness, immunological deficiency, and hemophilia. Therefore, the growth of infusion therapy's application sectors offers tremendous opportunities for businesses to grow their services. This is expected to fuel the global market for infusion therapy.

An increase in the number of people with diabetes, cancer, and chronic pain is a key factor driving the global market for infusion therapy.

The International Agency for Research on Cancer (IARC) estimates that there will be 19.3 million new cases of cancer worldwide and 10 million cancer-related deaths in 2019, meaning that 1 in 5 people will develop cancer at some point in their lifetime and that 1 in 8 men and 1 in 11 women will pass away from the disease. The International Diabetes Federation (IDF) reports that there were 463 million individuals (20-79 years old) with diabetes worldwide in 2019, and that number is expected to reach 700 million by 2031. Additionally, 4.2 million people died from diabetes worldwide in 2019.

The infrastructure for healthcare is being modernized by governments in emerging nations, which is anticipated to expand access to healthcare. The need for infusion therapy services is anticipated to rise as a result. The worldwide infusion therapy industry has lucrative potential due to the rise in chronic disease prevalence in developing nations.

US Home Infusion Therapy Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 43.35 billion

Largest Segment

Anti-Infectant

Fastest Growth

Anti-Infectant

Growth Rate

4.63% CAGR

Global Home Infusion Therapy Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)

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Home Infusion Therapy Market Segmental Analysis

The global home infusion therapy market has been segmented based on indication analysis, product analysis, and region. Based on indication analysis, the market is segmented into enteral nutrition, anti-infective, chemotherapy, parenteral nutrition, hydration therapy, intravenous immunoglobulin, and others. Based on the product analysis, the market is segmented into devices, drugs, and services. Based on region, the home infusion therapy market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Home Infusion Therapy Market Analysis by Indication Analysis

The anti-infective segment dominated the market due to the increased prevalence of infectious diseases, ease of setup, and low cost of the therapy. The use of antibiotics after each subsequent infusion therapy lowers the risk of infection in patients as a result of catheter use, which is further boosting the popularity of this segment. The category for chemotherapy is anticipated to increase at the highest rate over the forecasted period. Future expansion of the chemotherapy market is projected to be accelerated by the significant rise in the prevalence of cancer worldwide and the increased knowledge of the advantages of home chemotherapy.

Due to the growth in primary immunodeficiency illnesses such as hypogammaglobinemia and congenital AIDS and the approval of new SCIG products for IG, the IVIG therapy segment has seen increased demand.

Home Infusion Therapy Market Analysis by Product Analysis

The market is divided into devices, medications, and services based on the kind of product. In 2020, the drug industry accounted for the highest market share. The robust infused medication pipeline and rising incidence of cancer and other chronic and acute illnesses worldwide are predicted to support the expansion of the drug segment during the anticipated period.

Global Home Infusion Therapy Market By Indication Analysis, 2021(%), 2023 (%)

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Home Infusion Therapy Market Regional Insights

The global home infusion therapy market in North America was valued at US$ 16.90 billion in 2021, as a result of the region's high uptake of the therapy and the presence of major companies. Additionally, a rising number of patients choosing infusion therapy at home is probably going to boost the industry in the area.

The market in Europe is anticipated to expand at a large rate due to the region's growing elderly population, rising chronic disease burden, and a growing number of government and industry initiatives supporting home infusion therapy.

During the forecast period, the market in Asia Pacific is anticipated to increase significantly and post the highest CAGR. This is attributable to both the surge in the use of cutting-edge technologies and the rising awareness of this treatment, which is used to treat a variety of chronic conditions. Additionally, the market in Asia Pacific is anticipated to grow during the projected period due to the rising prevalence of cancer, diabetes, and other long-term chronic diseases as well as an increase in the patient pool.

Global Home Infusion Therapy Market By Geography, 2021 - 2028, 2024-2031
  • Largest
  • Fastest

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Home Infusion Therapy Market Dynamics

Home Infusion Therapy Market Driver

  • Globally, the burden of chronic diseases is rising quickly. The prevalence of diseases like cancer, diabetes, congestive heart failure, and chronic immunological weaknesses has significantly increased. This is expected to result in a large patient population with chronic illnesses and patients receiving infusion therapy in residential settings.
  • Growing public awareness of the benefits of home treatment options and quick technology advancements in equipment made for use at home are two other factors that are likely to increase demand for home infusion therapy globally throughout the forecast period.
  • One of the primary factors supporting the growth of the home infusion therapy market is the increased incidence of hospital-acquired illnesses. Due to the prolonged inpatient hospital stays, hospital-acquired infections are on the rise globally and are currently one of the main safety concerns among healthcare practitioners.

Home Infusion Therapy Market Restraint

  • The lack of reimbursement policies in many developing countries is one of the key elements likely to impede market expansion. The situation is made worse by the absence of home care payment rules in these nations.
  • The number of patients receiving home infusion therapy in developing nations has been limited. The adoption of these services is anticipated to be constrained by factors such as a dearth of public and private house infusion providers in developing nations, a shortage of educated medical staff, and a lack of other resources.

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Home Infusion Therapy Market Competitive Landscape

The home infusion therapy market is competitive with the presence of several large players. R&D for new product launches and mergers & acquisitions are the key focus of well-entrenched players in the home infusion therapy market. For instance, in December 2021, Baxter International announced the purchase of Hillstrom. It will help the firm extend its global reach while also integrating medical device innovations to improve patient care, save costs, and streamline operations.

Top Players in Global Home Infusion Therapy Market

  • B. Braun Melsungen AG
  • Baxter International Inc.
  • Fresenius Kabi AG
  • ICU Medical, Inc.
  • Smiths Medical, Inc.
  • CareFusion Corporation
  • Terumo Corporation
  • Caesarea Medical Electronics Ltd.
  • JMS Co., Ltd.
  • Eli Lilly and Company
  • Pfizer Inc.
  • Novartis AG
  • Johnson & Johnson
  • Becton, Dickinson and Company
  • Roche Holding AG
  • Cigna Corporation
  • Optum, Inc.
  • Medtronic Plc
  • 3M Company
  • Omnicell, Inc.

Home Infusion Therapy Market Recent Development

  • In May 2021, Smiths Medical and Ivenix, Inc. announced a partnership to deliver a comprehensive range of infusion management solutions to the US market. The goal of this partnership is to enhance infusion administration and patient safety.
  • March 2021 – PromptCare acquired NBN Infusions, Inc, NBN Infusions, Inc. majorly provides infusion therapy services for critically conditioned patients. This acquisition will help PromptCare to reinforce its market share in the Northeastern US

Home Infusion Therapy Key Market Trends

  • Residential medical care is increasingly the preferred option for patients as the healthcare industry has undergone a significant transformation in recent years. Patients and healthcare professionals are gradually fluctuating as non-critical diseases are treated in home care settings are examples of outpatient settings. several private and for-profit businesses have gotten into the service industry and are preparing medical staff to deliver the benefits of infusion treatment for patients at home.

Home Infusion Therapy Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, and indication analysis, an anti-infective segment dominated the global home infusion therapy market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, North America dominated the globe, the home infusion therapy market owing to the region's high uptake of the therapy and the presence of major companies.

Report Metric Details
Market size value in 2023 USD 43.35 billion
Market size value in 2031 USD 65.2 billion
Growth Rate 4.63%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Indication Analysis
    • Enteral Nutrition, Anti-Infective, Chemotherapy, Parenteral Nutrition, Hydration Therapy, Intravenous Immunoglobulin, Others.
  • Product Analysis
    • Devices, Drugs, Services
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • B. Braun Melsungen AG
  • Baxter International Inc.
  • Fresenius Kabi AG
  • ICU Medical, Inc.
  • Smiths Medical, Inc.
  • CareFusion Corporation
  • Terumo Corporation
  • Caesarea Medical Electronics Ltd.
  • JMS Co., Ltd.
  • Eli Lilly and Company
  • Pfizer Inc.
  • Novartis AG
  • Johnson & Johnson
  • Becton, Dickinson and Company
  • Roche Holding AG
  • Cigna Corporation
  • Optum, Inc.
  • Medtronic Plc
  • 3M Company
  • Omnicell, Inc.
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Home Infusion Therapy Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Home Infusion Therapy Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Home Infusion Therapy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Home Infusion Therapy Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Home Infusion Therapy Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Home Infusion Therapy Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Home Infusion Therapy Market size was valued at USD 43.35 billion in 2019 and is poised to grow from USD 45.41 billion in 2023 to USD 65.2 billion by 2031, growing at a CAGR of 4.63% in the forecast period (2024-2031).

The home infusion therapy market is competitive with the presence of several large players. R&D for new product launches and mergers & acquisitions are the key focus of well-entrenched players in the home infusion therapy market. For instance, in December 2021, Baxter International announced the purchase of Hillstrom. It will help the firm extend its reach while also integrating medical device innovations to improve patient care, save costs, and streamline operations. 'B. Braun Melsungen AG', 'Baxter International Inc.', 'Fresenius Kabi AG', 'ICU Medical, Inc.', 'Smiths Medical, Inc.', 'CareFusion Corporation', 'Terumo Corporation', 'Caesarea Medical Electronics Ltd.', 'JMS Co., Ltd.', 'Eli Lilly and Company', 'Pfizer Inc.', 'Novartis AG', 'Johnson & Johnson', 'Becton, Dickinson and Company', 'Roche Holding AG', 'Cigna Corporation', 'Optum, Inc.', 'Medtronic Plc', '3M Company', 'Omnicell, Inc.'

Globally, the burden of chronic diseases is rising quickly. The prevalence of diseases like cancer, diabetes, congestive heart failure, and chronic immunological weaknesses has significantly increased. This is expected to result in a large patient population with chronic illnesses and patients receiving infusion therapy in residential settings.

Residential medical care is increasingly the preferred option for patients as the healthcare industry has undergone a significant transformation in recent years. Patients and healthcare professionals are gradually fluctuating as non-critical diseases are treated in home care settings are examples of outpatient settings. several private and for-profit businesses have gotten into the service industry and are preparing medical staff to deliver the benefits of infusion treatment for patients at home.

The home infusion therapy market in North America was valued at US$ 16.90 billion in 2021, as a result of the region's high uptake of the therapy and the presence of major companies. Additionally, a rising number of patients choosing infusion therapy at home is probably going to boost the industry in the area.

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Global home infusion therapy market

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