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Home Infusion Therapy Market Trends

Report ID: GMI435
Published Date: Jul 2024
Report Format: PDF

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Home Infusion Therapy Market Trends

The market is experiencing several notable trends that are shaping its growth and development. Factors such as continuous innovations in technology, growing demand for integrated telehealth services, rising demand for chronic disease management and expansion of home healthcare services, among other factors are propelling the industry growth.

Advancements in infusion technology, such as the development of portable and user-friendly intravenous infusion pump, are making home infusion therapy more accessible and efficient. Modern devices feature remote monitoring, automatic drug delivery adjustments, and enhanced safety mechanisms, ensuring precise and reliable treatment.
Further, there is a growing trend among patients to prefer home-based care over traditional hospital-based treatments. Factors such as the comfort of being at home, the ability to maintain normal daily activities, and the presence of family support contribute to this preference, thereby driving the demand for home infusion therapy.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Home infusion therapy industry size was worth USD 31.9 billion in 2023 and is projected to expand at 11% CAGR from 2024 to 2032, due to the rising prevalence of chronic diseases, favorable reimbursement policies, and increasing patient preference for home-based care.

The infusion pumps product segment in the home infusion therapy industry recorded USD 16 billion in 2023 and is estimated to witness substantial growth between 2024 and 2032, due to the development of new drug formulations that are suitable for home infusion therapy.

The anti-infective application segment in the home infusion therapy industry recorded 27% share in 2023 and is projected to grow at significant rate from 2024 to 2032, on account of the rising incidence of bacterial, viral, and fungal infections.

North America home infusion therapy market recorded USD 13.8 billion in revenue in 2023 and is projected to expand at 10.3% CAGR between 2024 and 2032, due to the increasing healthcare expenditure in the region.