Pune, India, April 28, 2021 (GLOBE NEWSWIRE) -- The global home infusion therapy market size is likely to Reach USD 86.89 Billion by the end of 2027 owing to the increasing adoption of home medical services worldwide. In a home infusion therapy setting, a patient receives all medical assistance at home including drugs and biologics via a subcutaneous or an intravenous administrative route. According to a recent report by Fortune Business Insights titled, “Home Infusion Therapy Market Size, Share & Industry Analysis, By Product (Devices, Drugs, and Services) By Indication (Anti-Infective, Chemotherapy, Hydration Therapy, Enteral Nutrition, Total Parenteral Nutrition, Immunoglobulin Therapy, and Others), and Regional Forecast, 2020-2027,” the value of this market was USD 27.25 billion in 2019 and is expected to grow at a CAGR of 2.2% between 2020 and 2027.
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this, too, shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience ansd expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Notable Industry Developments of the Home Infusion Therapy Market include:
July 2019 – Food and Drug Administration approved the first and ready-to-use insulin called Myxredlin manufactured by Baxter.
December 2019 – Diplomat and Optum Inc. entered into a partnership for specialty infusion and pharmaceutical services in the U.S. The key objective behind this merger strategy is to serve patients with chronic diseases with therapeutic measures such as oncology and immunology in the entire U.S.
North America to Dominate Market on Account of Rising Adoption of Innovative Technologies
Regionally, North America emerged at the top with a revenue of USD 10.53 billion in 2019. The growth of this region is attributable to the development of delivery devices for home medication and its increasing adoption. Besides this, the rising number of patients and rapid adoption of the latest technologies are factors responsible for the dominance of this region.
Besides this, the Asia Pacific market is anticipated to witness rapid growth in the forecast duration on account of the increasing prevalence of diabetes, heart issues, cancer, and other long-lasting diseases in the region.
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Lockdowns Amid COVID-19 Pandemic to Bode Well for the Market
The increasing prevalence of the geriatric population and their vulnerability towards chronic diseases such as cancer, diabetes, and cardiac issues among others stands as major home infusion therapy market devices. In addition to this, the increasing cases of hospital-acquired infections are also propelling people to opt for medical services at home. This, coupled with cost-efficient home treatment faster recovery at home than hospital are likely to bode well for the market.
On the flip side, most of the developing nations lack reimbursement structure and policy for home treatment which ultimately increases the out-of-pocket expenditure. This, coupled with a lack of proper medical assistance and limited sources in a home setting, may cause hindrance to the market. Nevertheless, the increasing number of innovations in the medical sector and the advent of devices such as portable infusion pumps, and others are likely to create lucrative growth opportunities for the market. Furthermore, the current pandemic of coronavirus that propelled people to stay at home is projected to promote the home infusion therapy market growth.
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per Pharmaceuticals Market Growth Analysis by manufacturers, market segments helping our
Drugs Segment to Hold Dominance Owing to Increasing Incidences of Cancer
Based on segmentation by product, the drugs segment earned the highest home infusion therapy market share on account of the increasing number of immune diseases worldwide and the rising prevalence of cancer. Besides this, the devices segment earned a 6.6% share and is likely to witness significant growth in the coming years on account of increasing technological advancements in the delivery of home medication system for various purposes.
List of Key Cancer Biomarker Market Manufacturers:
- Optum, Inc.
- Infusystem
- Option Care Health Inc.
- Moog Inc.
- CareCentrix, Inc.
- B. Braun Melsungen AG
- Lincare Holdings Inc.
- Baxter
- Promptcare
- BriovaRx Infusion Services
- Other players
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Key Chronic Diseases, 2019, Key Countries/Regions
- New Product Launches for Home Infusion Therapy
- Covid-19 Impact on the Home Infusion Therapy, and Key Steps Taken by Market Players
- Key Industry Development such as Mergers, Acquisition, and Partnerships
- Global Home Infusion Therapy Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Devices
- Drugs
- Services
- Market Analysis, Insights and Forecast – By Indication
- Anti-Infective
- Chemotherapy
- Hydration Therapy
- Enternal Nutrition
- Total Parenteral Nutrition
- Immunoglobulin Therapy
- Others
- Market Analysis, Insights and Forecast – By Country/Sub-region
- North America
- Europe
- Asia Pacific
- Rest of the World
- North America Home Infusion Therapy Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Devices
- Drugs
- Services
- Market Analysis, Insights and Forecast – By Indication
- Anti-Infective
- Chemotherapy
- Hydration Therapy
- Enternal Nutrition
- Total Parenteral Nutrition
- Immunoglobulin Therapy
- Others
- Market Analysis, Insights and Forecast – By Country
- U.S.
TOC Continued….!!!!
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