New York, Oct. 17, 2022 (GLOBE NEWSWIRE) -- According to The Insight Partners latest market study on "Home Infusion Therapy Market Size, Share, Trends, Growth Strategy and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Application, and Geography" the global home infusion therapy market size is expected to grow from USD 32.45 billion in 2021 to USD 56.70 billion in 2028 with an estimated CAGR of 8.3% from 2022 to 2028.
Download Sample PDF Brochure of Home Infusion Therapy Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPRE00004189/
Global Home Infusion Therapy Market Report Scope, Segmentations, Regional & Country Scope:
Report Coverage | Details |
Market Size Value in | USD 32.45 billion in 2021 |
Market Size Value by | USD 56.70 billion by 2028 |
Growth rate | CAGR of 8.3% from 2022 to 2028 |
Forecast Period | 2022-2028 |
Base Year | 2022 |
No. of Pages | 150 |
Historical data available | Yes |
Segments covered | Product and Application |
Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Global Home Infusion Therapy Market: Competitive Landscape
B. Braun Melsungen AG; Optum, Inc.; Baxter; Nipro Corporation; BD; Fresenius Kabi AG; ICU Medical, Inc.; JMS Co. Ltd.; Smiths Medical; Terumo Corporation are a few of the key players profiled during the study of the home infusion therapy market. Several other major companies were analyzed during this research study to get a holistic view of the market and its ecosystem.
The home infusion therapy market is witnessing high growth due to innovations in technology, such as the development of infusion pumps; availability of home care workers; remote patient management; and transparency about the quality of care. Government initiatives and various product development by players are creating lucrative opportunities for the market. For example, in 2021, the Centers for Medicare & Medicaid Services (CMS) enacted various new requirements that expanded coverage of home infusion therapy to include a broad spectrum of the associated nursing and monitoring services, along with the treatment procedures and home infusion therapy products. However, perceived safety concerns due to the potential risk of adverse events during infusion and general drug toxicity are hampering the home infusion therapy market growth.
Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPRE00004189/
Impact of COVID-19 Pandemic on Global Home Infusion Therapy Market:
The COVID-19 pandemic positively impacted the global home infusion therapy market owing to the increasing number of COVID-19 patients in healthcare settings such as hospitals and clinics, which is propelling the use of home infusion therapy systems. The operations and supply chain in the healthcare setting were significantly affected due to the regional and country-wide lockdowns in 2020. Prominent healthcare product manufacturers also reported a rise in product sales in 2020 owing to home care product sales. For instance, in October 2020, Baxter announced third-quarter sales of US$ 2.97 billion, which is a 4% increase in its revenue due to the growing demand for its COVID-19-related medical products.. With the increasing need for space and beds in hospitals during the pandemic, healthcare companies focused on launches of home based care products, thus creating demand for home infusion therapy.
Increasing Geriatric Population with Decreased Mobility Profile Boosts Global Home Infusion Therapy Market:
Partnerships and collaborations among the market players to develop new infusion products are among the factors influencing the home infusion therapy market growth. For instance, in May 2021, Smiths Medical and Ivenix partnered to provide infusion management services with the first-ever comprehensive suite of infusion solutions in the US healthcare market. Additionally, in December 2021, CarepathRx, a US-based leader in medical management and pharmacy solutions, partnered with the University of Chicago Medicine to support the need for home and specialty infusion services for the academic health system’s growing patient population. This partnership further acquired UChicago Medicine to extend its clinical reach into the ambulatory and home care setting. Also, several players in the market are focused on various organic market development approaches to boost the home infusion therapy market.
Quickly Purchase Premium Copy of Home Infusion Therapy Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPRE00004189/
e-Insights: e-Insights is the one stop solution for all your market research needs. It includes market size and forecast of millions of market nodes along with thousands of company profiles and live news feed.
INSIGHTS REPOSITORY
The e-Insights includes repository of over thousands of reports spread across important domains such as Aerospace & Defence; Automotive & Transportation; Biotechnology; Chemicals & Materials; Electronics & Semiconductor; Energy & Power; Food & Beverages; Healthcare IT; Manufacturing & Construction; Medical Device; Pharmaceuticals; Technology, Media, & Telecommunications.
MARKET ANALYSIS
Each report provides in-depth analysis on the topic and discusses drivers, restraints, and opportunities available in the market. The e-Insights is designed to help our clients in their decision support system. The analysis also covers the complete spectrum of the research topic to assist our clients in meeting their business objectives.
COMPANY PROFILES
Company section in the report covers the global players (existing and emerging). We bone up all the companies listed in the report post our desk research based on parameters such as company revenue, product portfolio, and geographic presence.
TRENDING NEWS
News sections track the latest developments from the subscribed sectors and keep you informed with the most updated information on competition and regulations.
Request for Demo: https://www.theinsightpartners.com/e-Insights/
Browse Related Reports:
Pain Management Devices Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type (Neuromodulation Devices, Ablation Devices, Analgesic Infusion Pumps); Application (Neuropathic Pain, Cancer Pain, Facial Pain and Migraine, Musculoskeletal Pain, Others); and Geography
Infusion Pumps Market to 2025 - Global Analysis and Forecasts By Type (Ambulatory Pumps, Volumetric Pumps, Syringe Pumps and Accessories), By Application (Diabetes, Chemotherapy, Gastrointestinal Diseases and Pediatrics) and End User (Hospitals & Clinics, Ambulatory Surgical Centers and Homecare) and Geography
Chemotherapy Infusion Pumps Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Type (Large Volume Pumps (LVP), Syringe Pumps, Elastomeric Pumps, and Others); End User (Hospitals & Clinics and Home Care) and Geography
Ambulatory Infusion Therapy Services Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type ( Hospital-Based Ambulatory Surgery Centers, Free-Standing Ambulatory Surgery Centers ); Specialty ( Single- Specialty Centers, Multi-Specialty Centers ); Treatment ( Cataract Surgery, Orthopaedic Surgery, Endoscopic Procedure, Gastroenterology, Others ), and Geography
Home Medical Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Functionality (Testing, Screening and Monitoring Equipment, Therapeutic Products, Mobility Care Products, Biofeedback Instruments, Electrical Stimulation Devices, and Muscle Stimulators), Services (Skilled Nursing Services, Rehabilitation Therapy Services, Hospice and Palliative Care Services, Respiratory Therapy Services, Infusion Therapy Services, Pregnancy Care Services, and Unskilled Care Services), and Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Retailers)
Needleless Injectors Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Liquid-Based, Projectile/Depot-Based, and Powder-Based); Product (Fillable, and Prefilled); Site of Delivery (Subcutaneous Injectors, Intramuscular Injectors, and Intradermal Injectors); Application (Vaccine Delivery, Insulin Delivery, Pain Management, and Others); End Use (Hospitals and Clinics, Home Care Settings, Research Laboratories, and Others), and Geography
Acute Care Needleless Connectors Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Design Type (Simple Needles, Complex Needles); Mechanism (Positive Fluid Displacement, Negative Fluid Displacement, Neutral Fluid Displacement); Dwell Time (7 Days, Other than 7 Days)and Geography
Medical Connectors Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Product (Flat Silicone Surgical Cables, Embedded Electronics Connectors, Radio-Frequency Connectors, Disposable Plastic Connectors, Hybrid Circular Connector and Receptacle Systems, Power Cords With Retention System, Lighted Hospital-Grade Cords, Magnetic Medical Connectors, Push-Pull Connectors); Application (Patient Monitoring Devices, Electrosurgical Devices, Diagnostic Imaging Devices, Cardiology Devices, Analyzers
IV Equipment Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Product (IV Catheters, Administration Sets, Infusion Pumps, Securement Devices, Stopcocks and Check Valves, Drip Chambers, Needleless Connectors, Other IV Equipment); End User (Hospitals and Clinics, Ambulatory Care Centers, Homecare Settings) and Geography
Needle-Free IV Connectors Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Design Type (Simple and Complex); Mechanism (Positive, Negative, and Neutral); Dwell Time (Seven Days, and Other than Seven Days) and Geography
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/home-infusion-therapy-market