Latest News- Home Infusion Therapy Market: Anti-infective is expected to lead the Application segment during 2024-2028

The Home Infusion Therapy Market is being driven by Technological advancements in infusion pumps and remote monitoring devices

The Home Infusion Therapy Market is expected to grow at a CAGR of 8.12% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 17.37 billion. The home infusion therapy market is witnessing significant developments, driven by technological advancements, evolving patient care models, and expanding therapeutic options. Notable developments include Fresenius SE and Co. KGaA and Premier, Inc.'s agreement in May 2023 to negotiate pricing and terms for Ivenix Infusion Systems' dependable and user-friendly infusion pumps. Additionally, in the same month, Amedisys Inc. and Option Care Health Inc. will introduce a stand-alone platform for home care services, enhancing the delivery of healthcare services in a patient-centric manner. These developments underscore the market's dynamic nature and commitment to improving patient care and experience. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Anti-infective
  • Chemotherapy
  • Endocrinology
  • Enteral nutrition
  • Others
• Product
  • Infusion pumps
  • Needless connectors
  • Others
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Asia
    • China
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Technological advancements in infusion pumps and remote monitoring devices
• Increasing prevalence of chronic diseases
• Growing geriatric population worldwide requiring long-term medical care

However, the market also witnesses some limitations, which are as follows:

• High upfront costs associated with infusion pumps and equipment procurement
• Regulatory complexities and varying reimbursement policies on home infusion therapy
• Concerns regarding patient safety and medication adherence in home settings

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Market Scope in Home Infusion Therapy Market Research Report

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Research Analysis Overview

The Home Infusion Therapy Market encompasses various therapies, including IV infusion for geriatric populations and those with immune deficiencies, cancer, congestive heart failure, and other conditions. IV therapy, such as IV hydration therapy, is administered using infusion pumps, syringes, and smart pumps, along with needleless connectors and pressure pumps. Home care also includes hydration therapy, chemotherapy, enteral nutrition, and parenteral nutrition for patients in non-industrial countries. A dietician's role is crucial in managing endocrinology-related conditions and ensuring proper nutrition through these therapies. Specialty drugs are often utilized in home infusion settings.

Market Research Overview

The Home Infusion Therapy market is a significant segment of the global Life Sciences Tools and Services market, as identified by Technavio. This market encompasses companies and products involved in the research and development (R&D), production, and delivery of intravenous (IV) infusion solutions for various indications, such as IV hydration therapy and treatment of immune deficiencies. The global Life Sciences Tools and Services market, which includes manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and related services, is projected to grow due to increasing demand for advanced healthcare solutions, particularly among the geriatric population. Technavio's market analysis is based on the combined revenue generated by these entities within the market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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