Home Infusion Therapy Market Overviews
Home infusion therapy is a specialized medical treatment that involves administering medication, fluids, or nutrients to patients at home using equipment like pumps, catheters, and vials. The problem of chronic diseases is rapidly increasing globally, with chronic immune deficiencies, cancer, diabetes, and congestive heart failure affecting approximately 133 million of Americans, representing 45% of the total population. The geriatric population is also boosting market growth, as they are more prone to chronic diseases and prefer to remain in their homes for as long as possible. Over 80% of patients in the U.S. wish to avoid hospitalization and intensive care during the terminal phase of their lives and prefer to be treated at home. The trend of medical care at home is expected to persist and gain momentum in the forecast period. Key factors driving this trend include the rising prevalence of chronic diseases, expanding reimbursement codes for remote patient monitoring, and the expensive nature of hospital stays.
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Home Infusion Therapy Market Scope and Methodology:
For Instance, CVS Health Specialty Infusion Services, a division of the company, offers high-quality home infusion therapy services to over 50,000 patients annually. With over 85 branch locations, CVS Health serves 97% of the US population and administers over 1.2 million infusion treatments. The company provides treatments for chronic diseases, antibiotic therapy, parenteral nutrition, and enteral nutrition. With high patient satisfaction rates, CVS Health invests in digital health tools like telehealth services and remote monitoring. CVS Health is a leading Player of home infusion therapy in the US, offering coordinated, patient-centred care.
Home Infusion Therapy Market Regional Insights
North America is a major market for home infusion therapy because of factors such as chronic diseases, treatment costs, technological advancements, and products launches. The most prevalent cancers in the US include breast, lung, prostate, colorectal, bladder, and skin cancer. The shift from acute care to home care settings is driven by cost savings and improved patient mobility. The demand for regional goods is also boosted by healthcare industry improvements and the use of advanced medical items. Home healthcare has growth prospects because of insurance coverage for home infusion services. Companies like Option Care Enterprises and CHI Health offer infusion therapy services in home healthcare settings, with insurance coverage covering costs. Home infusion therapy is commonly prescribed for pulmonary hypertension, and the pressure on healthcare facilities in the US has increased the demand for home nutritional infusion therapies.
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Home Infusion Therapy Market Segmentation
Based on Product, the infusion pumps segment is expected to dominate the global home infusion therapy market with XX% share in 2023. These pumps offer precision in drug delivery via an IV, providing patients with greater control over their treatment. They are particularly popular in chemotherapy and diabetes treatment, where they provide convenient home-based administration of drugs over extended periods, reducing hospital visits and regulating drug dosage more accurately. Insulin-dependent diabetes patients also rely on infusion pumps to maintain steady glucose levels outside of hospital settings. Advanced pump features like customizable basal rate programs and integrated glucose monitors facilitate remote monitoring. Miniaturized infusion pump technology has increased acceptance among patients seeking discreet, wearable devices. Mems's sensor-based smart pumps are gaining traction because they integrate connectivity options, allowing two-way data transmission to cloud-based patient portals for better therapeutic management. The growing need for convenient, precise home-based therapies continues to enhance the role of infusion pumps in home infusion services.
Home Infusion Therapy Market Key Players
Coram LLC - USA
Medix Infusion - USA
PharMerica - USA
Fresenius Kabi - Germany
Prochant - USA
ICU Medical, Inc. - USA
B. Braun Melsungen AG - Germany
Baxter International Inc - USA
BD - USA
Caesarea Medical Electronics - Israel
Terumo Corporation - Japan
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Key questions answered in the Home Infusion Therapy Market are:
- What is Home Infusion Therapy ?
- What was the Home Infusion Therapy market size in 2023?
- What is the growth rate of the Home Infusion Therapy Market?
- Which are the factors expected to drive the Home Infusion Therapy market growth?
- What are the different segments of the Home Infusion Therapy Market?
- What growth strategies are the players considering to increase their presence in Home Infusion Therapy ?
- What are the upcoming industry applications and trends for the Home Infusion Therapy Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Home Infusion Therapy Market?
- Who are the leading companies and what are their portfolios in Home Infusion Therapy Market?
- What segments are covered in the Home Infusion Therapy Market?
- Who are the key players in the Home Infusion Therapy market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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