US Home Infusion Therapy Market Size to Surpass USD 33.20 billion by 2030, exhibiting a CAGR of 8.4%

As per the report by Fortune Business Insights, the global US Home Infusion Therapy Market size is projected to reach USD 33.20 billion in 2030, at a CAGR of 8.4% during the forecast period, 2023-2030


Pune, India, Oct. 09, 2023 (GLOBE NEWSWIRE) -- The US Home Infusion Therapy Market size was valued at USD 17.26 billion in 2022 and projected to reach USD 33.20 billion by 2030, at a CAGR of 8.4% during the forecast period. Home infusion therapy involves delivering medications subcutaneously or intravenously to individuals in the convenience of their own homes.

These insights are sourced from the "U.S. Home Infusion Therapy Market, 2023-2030" report by Fortune Business Insights.


Request a Sample Copy of the Research Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/u-s-home-infusion-therapy-market-106327


Key Industry Development:

June 2021 - Infusystem Holdings Inc. signed a joint agreement with Bio Compression Systems. Unfder the agreement, Infusystem will also offer pneumatic compression devices with non-calibrated and calibrated gradient pressure, garments and certified technicians for proper fitting of the compression system.


Key Takeaways:

  • The National Home Infusion Foundation (NHIF) reports that there has been a 310% increase in the home infusion industry from 2010 to 2019
  • In 2020, the Penn Center for Cancer Care Innovation delivered at-home oncology treatments to 1,500 patients. The Center's goal for 2021 was to serve at least the same number of patients.
  • According to information from the U.S. National Library of Medicine, there are over 280 infusion drugs in Phase I/II development
  • The U.S. market is classified into devices, drugs, and services based on the product category.


Discover the Leading Players Featured in the Report:

Option Care Health Inc. (U.S.), Optum Inc. (U.S.), CareCentrix Inc. (U.S.), CVS Health (U.S.),KabaFusion (U.S.), Promptcare Respiratory (U.S.), Baxter (U.S.), InfuSystem Holdings, Inc. (U.S.), Moog Inc. (U.S.)


Report Scope & Segmentation

Report CoverageDetails
Forecast Period2023 to 2030
Forecast Period 2023 to 2030 CAGR8.4%
2030 Value ProjectionUSD 33.20 billion
Base Year2022
Market Size in 2023USD 18.82 billion
Historical Data2019-2021
No. of Pages80
Segments coveredBy Product, Indication


Browse Complete Report Details:

https://www.fortunebusinessinsights.com/u-s-home-infusion-therapy-market-106327


Segmentation:

The Drugs segment is expected to lead the market, driven by the increasing regulatory approvals of drugs. The market is categorized into devices, drugs, and services by product type. In 2022, the drugs segment dominated the market and is projected to experience substantial growth during the forecast period. This growth can be attributed to factors such as the high prevalence of chronic diseases, a rising number of regulatory approvals for drug products, and the elevated risk of infection in hospital settings. For instance, in June 2020, the U.S. FDA approved Phesgo for the treatment of HER2-positive breast cancer in combination with chemotherapy, which can be administered at home by qualified healthcare professionals.

In terms of indications, the U.S. market is segmented into enteral nutrition, anti-infective, chemotherapy, hydration therapy, total parenteral nutrition, immunoglobulins, and others. Among these, the enteral nutrition segment emerged as the dominant player in the U.S. home infusion therapy market in 2022, primarily due to the increasing incidence of gastrointestinal diseases and diabetes, leading to a higher demand for enteral feeding. For instance, a research article published by NCBI in July 2020 highlighted the growing popularity of home enteral nutrition (HEN) in the U.S.

By Product

  • Devices
  • Drugs
  • Services

By Indication

  • Anti-Infective
  • Chemotherapy
  • Hydration Therapy
  • Enteral Nutrition
  • Total Parenteral Nutrition
  • Immunoglobulins
  • Others

Driving factor:

The expansion of the market will be facilitated by the increasing aging population and rising Medicare enrollment. In the United States, the growing aging population, coupled with advancements in the healthcare sector, has led to a shift in patient care from hospitals to homes. For instance, as per the U.S. Census Bureau's Population Projections, the number of individuals aged 65 and above is expected to grow from 52 million in 2018 to 95 million by 2060, constituting a 23% share in 2060. These demographic shifts are expected to drive market growth during the analysis period.

Furthermore, data from the Medicare Payment Advisory Commission indicates that Medicare enrollment is projected to increase by 50% over the next 15 years, reaching approximately 80 million beneficiaries by 2030, up from 54 million in 2015. In 2022, more than 28 million individuals were enrolled in a Medicare Advantage plan. Additionally, the introduction of mobile and portable devices for homecare patients, along with the availability of rental and flexible payment plans to accommodate the growing trend of patients transitioning from hospitals to home infusion therapy options, will further stimulate market expansion in the coming years.


Quick Buy – https://www.fortunebusinessinsights.com/checkout-page/106327


Competitive Landscape

Anticipated market growth is attributed to the introduction of advanced products and services by industry leaders. Leading companies often engage in strategic actions like forming partnerships, engaging in mergers and acquisitions, and fostering collaborations to boost their revenue, broaden profit margins, and strengthen their market presence. A notable example of this is Avoset's launch of AvosetGO in February 2020—a cutting-edge infusion pump device featuring integrated touch screens that can be connected to and monitored through smart devices.

FAQs

How big is the US Home Infusion Therapy Market?

US Home Infusion Therapy Market size is USD 18.82 billion in 2023.

How fast is the US Home Infusion Therapy Market growing?

The US Home Infusion Therapy Market will exhibit a CAGR of 8.4% during the forecast period, 2023-2030


Have Any Query? Ask Our Experts:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/u-s-home-infusion-therapy-market-106327


Related Links:

Home Infusion Therapy Market Size, Share, Growth Industry Report.

Infusion Pump Market Share, Size, Demand, and Forecast.

India Insulin Pumps Market Size, Share, Growth Industry Report.

Veterinary Infusion Pump Market Share, Size, Demand, and Forecast.

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Attachment


US Home Infusion Therapy Market Globenewswire