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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

Product ID: SQSG35J2007

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