Home Infusion Therapy Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 24.40 Billion |
| Market Size (2029) | USD 33.47 Billion |
| CAGR (2024 - 2029) | 6.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Home Infusion Therapy Market Analysis
The Home Infusion Therapy Market size is estimated at USD 24.40 billion in 2024, and is expected to reach USD 33.47 billion by 2029, growing at a CAGR of 6.5% during the forecast period (2024-2029).
- As cases of COVID-19 increased in 2020, the use of alternate site solutions rose in high demand, and home and specialty infusion providers played a critical role in supporting patients. However, initiatives by key market players were expected to increase market growth. For instance, in July 2021, Eitan Medical opened a new office for the DACH region located in Germany to expand its customer base. Its Sapphire infusion system was EU MDR certified and served clinicians in hospitals and home care environments across Europe. The pump was designed to deliver a wide range of therapies for varied clinical use cases. Similarly, in January 2021, Amedisys collaborated with Option Care Health to deliver COVID-19 infusion therapy to the vulnerable population. Thus, such initiatives were expected to increase market growth.
- The growth of the market is attributed to improved patient outcomes, cost-efficiency, and patient convenience provided by home infusion therapy. The growing number of baby boomers suffering from decreased mobility profiles such as osteoarthritis, paralysis, and diabetes will boost the demand for home infusion therapy. The rising need to reduce the duration of inpatient stays is anticipated to fuel the market development. Continuous subcutaneous (SC) apomorphine infusion is an effective therapy for Parkinson's disease (PD), and various drug formulations are available for treating PD using the subcutaneous mode of delivery. Thus, with the increasing burden of PD, the demand for subcutaneous infusion therapy is rising.
- For instance, as per the 2022 data update by the Parkinson's Foundation, approximately 90,000 people are diagnosed with PD annually in the United States, and nearly 1.2 million people in the country are estimated to be living with PD by the year 2030. In addition, as per the source above, the incidence of PD has increased in North America in the past decade, and it is estimated that men are associated with a higher incidence of PD than women.
- As a result, techniques for administering infusion therapy at home or in other healthcare settings have been developed, which is also anticipated to support market expansion. The majority of home infusion providers still use conventional infusion pumps despite hospitals quickly adopting smart infusion pumps with fascinating features like EHR connectivity, drug libraries, and medication safety software. However, there has been a growing trend for the up-gradation of equipment owing to its increasing demand, especially in developed countries.
- Furthermore, in December 2021, Baxter International completed the acquisition of Hillrom. This acquisition will help the company broaden its geographic footprint and integrate medical device technology that will enhance patient care, lower costs, and increase workflow efficiency. Moreover, in March 2021, Terumo and Glooko, a remote patient monitoring software and mobile apps company, announced technological integration to deliver new diabetes data solutions together globally. The partnership will allow the integration of data from Terumo's diabetes care devices into Glooko'sdiasend diabetes data management platform. Similarly, in June 2021, Aducanumab (Aduhelm) received accelerated approval as a treatment for Alzheimer's disease from the United States Food and Drug Administration (FDA). This is the first FDA-approved infusion therapy to address the underlying biology of Alzheimer's disease. Thus, such acquisitions and product launches are expected to boost the growth of the market over the forecast period. However, the high cost associated with the infusion pumps may hamper business growth during the forecast period.
Home Infusion Therapy Market Trends
Anti-infective Therapy Dominates the Home Infusion Therapy Market
- The anti-infective therapy segment is expected to dominate the global home infusion therapy market through the forecast period. Anti-infective therapy is one of the most prescribed home infusion therapies. However, there are few risks intrinsic to such therapy, which can be reduced by a team approach, coupled with careful patient selection criteria, a structured follow-up process, and an emphasis on patient education.
- The major factors for the growth of the infectious disease drugs market are the rising awareness activities by various government and non-profit organizations, the increasing prevalence of infectious diseases, and the rising funding and increasing research and development activities.
- For instance, according to the data published by the World Health Organization (WHO) in the Global Tuberculosis Report 2021, stated that the majority of tuberculosis cases were discovered in the WHO regions of South-East Asia (43%), Africa (25%), and the Western Pacific (18%). Similarly, according to the WHO data published in 2021, with 95% of all malaria infections occurring in Sub-Saharan Africa, this region is likely to continue to experience a heavy burden from the disease. Thus, the rise in the burden of several infectious diseases across developed and emerging markets is expected to drive the market studied.
- Thus, the increasing burden of infectious diseases in various countries and increasing research and development activities are likely to increase the demand for anti-infective therapy, thereby boosting the segment's growth.
North America Dominates the Market and the Region is Expected to Continue the Same during the Forecast Period
- North America is one of the major regions in the home infusion therapy market, owing to the presence of factors such as the increasing prevalence of chronic diseases, treatment costs, technological advancements, and product launches, which are expected to drive regional growth. For instance, according to the estimates of the American Cancer Society updates from 2021, in the United States alone, there were around 1.8 million new cancer cases reported in 2020.
- Breast cancer, lung cancer, prostate cancer, colorectal cancer, bladder cancer, and skin cancer are the most prevalent malignancies in the United States. Furthermore, due to cheap costs and improved patient mobility, there is a growing migration from acute care to home care settings, which is anticipated to spur additional expansion. The demand for regional goods is also being boosted by improvements in the healthcare industry and the use of increasingly sophisticated medical items.
- On the other side, the market has growth prospects in the home healthcare segment owing to sufficient insurance coverage for home infusion. Several companies, such as Option Care Enterprises, CHI Health, etc., provide infusion therapy services in home healthcare settings, and the cost is also covered by insurance coverage.
- In May 2021, Smiths Medical and Ivenix, Inc. announced a partnership agreement to offer a comprehensive suite of infusion management solutions in the United States market. This partnership is expected to evolve infusion management to improve patient safety. Such partnerships are expected to bolster the growth of the market in this region.
- Thus, the abovementioned factors are expected to increase market growth.
Home Infusion Therapy Industry Overview
The market for home infusion therapy is moderately competitive and consists of global as well as several regional players. Due to technological advancements, small and mid-sized companies are focusing on market penetration to grab market share. The major players in the market include B. Braun Melsungen AG, ICU Medica, Becton Dickinson and Company, Option Care Health Inc., and CareCentrix Inc., among others.
Home Infusion Therapy Market Leaders
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B. Braun Melsungen AG
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ICU Medical
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Becton Dickinson and Company
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Option Care Health Inc.
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CareCentrix, Inc.
*Disclaimer: Major Players sorted in no particular order
Home Infusion Therapy Market News
- January 2023: KORU Medical Systems, Inc. entered into a development agreement with a pharmaceutical manufacturer of subcutaneous immunoglobulin therapy (SCIg) to develop and seek regulatory approval for the Freedom Infusion System with a SCIg prefilled syringe. The Freedom Infusion System currently includes the Freddom60 and FreedomEdge Syringe Infusion Drivers, Precision Flow Rate Tubing, and HIgH-Flo Subcutaneous Safety Needle Sets. These devices are used for infusions administered in the home and alternate care settings.
- September 2022: Baxter International Inc. received Food and Drug Administration (FDA) 510(k) clearance for its new Novum IQ syringe infusion pump (SYR) with Dose IQ Safety Software, representing Baxter's latest developments for infusion therapy.
Home Infusion Therapy Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Growing Number of Baby Boomers Suffering From Decreased Mobility
- 4.2.2 Growing Incidence of Hospital-acquired Infections
- 4.2.3 Increasing Adoption of Home Healthcare Coupled with Technological Advancements
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4.3 Market Restraints
- 4.3.1 High Cost of Infusion Pumps
- 4.3.2 Safety Issues Associated with Infusion Pumps
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size By Value- USD)
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5.1 By Product
- 5.1.1 Infusion Pump Sets
- 5.1.2 Accessories and Consumables
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5.2 By Applications
- 5.2.1 Total Parenteral Nutrition
- 5.2.2 Anti-infective Therapy
- 5.2.3 Enteral Nutrition
- 5.2.4 Hydration Therapy
- 5.2.5 Chemotherapy
- 5.2.6 IVIg/Specialty Pharmaceuticals
- 5.2.7 Other Applications
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Middle East and Africa
- 5.3.4.1 GCC
- 5.3.4.2 South Africa
- 5.3.4.3 Rest of Middle East and Africa
- 5.3.5 South America
- 5.3.5.1 Brazil
- 5.3.5.2 Argentina
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 B. Braun Melsungen AG
- 6.1.2 Baxter International
- 6.1.3 Becton Dickinson and Companies
- 6.1.4 Catholic Health Initiatives
- 6.1.5 Community Surgical Supply
- 6.1.6 Eli Lilly and Company
- 6.1.7 Fresenius Kabi
- 6.1.8 ICU Medical Inc.
- 6.1.9 McKesson Medical-Surgical Inc.
- 6.1.10 McLaren Health Care
- 6.1.11 Nipro Corporation
- 6.1.12 Option Care Health Inc.
- 6.1.13 Smiths Medical
- 6.1.14 Sutter Health
- 6.1.15 Terumo Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityHome Infusion Therapy Industry Segmentation
Home infusion therapy involves the intravenous or subcutaneous administration of drugs or biologicals to an individual at home. The components needed to perform home infusion include the drug, equipment, and supplies.
The home infusion therapy market is segmented by products, applications, and geography. By product, the market is segmented as infusion pump sets and accessories and consumables. By applications the market is segmented as total parenteral nutrition, anti-infective therapy, enteral nutrition, hydration therapy, chemotherapy, IVIG/specialty pharmaceuticals, and other applications). By geography, the market is segmented as North America, Europe, Asia-Pacific, Middle-East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally.
The report offers the value (in USD) for the above segments.
| By Product | Infusion Pump Sets | |
| Accessories and Consumables | ||
| By Applications | Total Parenteral Nutrition | |
| Anti-infective Therapy | ||
| Enteral Nutrition | ||
| Hydration Therapy | ||
| Chemotherapy | ||
| IVIg/Specialty Pharmaceuticals | ||
| Other Applications | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Home Infusion Therapy Market Research FAQs
How big is the Home Infusion Therapy Market?
The Home Infusion Therapy Market size is expected to reach USD 24.40 billion in 2024 and grow at a CAGR of 6.5% to reach USD 33.47 billion by 2029.
What is the current Home Infusion Therapy Market size?
In 2024, the Home Infusion Therapy Market size is expected to reach USD 24.40 billion.
Who are the key players in Home Infusion Therapy Market?
B. Braun Melsungen AG, ICU Medical, Becton Dickinson and Company, Option Care Health Inc. and CareCentrix, Inc. are the major companies operating in the Home Infusion Therapy Market.
Which is the fastest growing region in Home Infusion Therapy Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Home Infusion Therapy Market?
In 2024, the North America accounts for the largest market share in Home Infusion Therapy Market.
What years does this Home Infusion Therapy Market cover, and what was the market size in 2023?
In 2023, the Home Infusion Therapy Market size was estimated at USD 22.81 billion. The report covers the Home Infusion Therapy Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Home Infusion Therapy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Home Infusion Therapy Industry Report
The global home infusion therapy devices market analysis indicates significant growth and expansion. This industry overview provides insights into various segments, including infusion pump sets and accessories, and consumables. The market analysis also covers applications such as total parenteral nutrition, anti-infective therapy, enteral nutrition, hydration therapy, chemotherapy, IVIg/specialty pharmaceuticals, and other applications.
The industry trends suggest that the market size is expanding due to increasing demand for home-based treatments. Market growth is driven by technological advancements and the rising prevalence of chronic diseases, which necessitate long-term care and treatment. The market share is distributed across key regions including North America, Europe, Asia-Pacific, Middle-East and Africa, and South America.
In terms of market forecast, the industry outlook remains positive with expectations of continued market expansion. Market leaders in the home infusion therapy devices market are focusing on innovation and strategic partnerships to enhance their market position. The industry sales and market value are projected to increase, supported by favorable industry statistics and market data.
Industry reports highlight the importance of market segmentation in understanding the diverse needs and preferences of consumers. The market review shows that the largest companies are investing in research and development to stay competitive. The industry research emphasizes the need for continuous monitoring of market trends and consumer behavior.
The market predictions and market outlook suggest that the home infusion therapy devices market will continue to grow, driven by factors such as increased healthcare expenditure and the shift towards home-based care. The report example provided in the form of a report PDF download offers detailed insights and analysis for stakeholders.
In conclusion, the home infusion therapy devices market is poised for significant growth, with a positive market forecast and strong industry trends. The market overview underscores the importance of understanding market segmentation and industry statistics to capitalize on emerging opportunities.
