Home Infusion Therapy Market 2030 Revenue, Top Key Drivers by Manufacturers and Outlook
The global home infusion therapy market size was valued at USD 35.96 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2030. Home infusion therapy involves delivering therapeutic treatments, medications, or fluids directly into a patient's bloodstream through intravenous (IV) infusion, usually in the comfort and convenience of their home.
The growth of the market is driven by several key factors, including the expanding geriatric population characterized by decreased mobility, a rising preference for home care, and the swift evolution of technological advancements. Infusion therapy, encompassing essential components like IV therapy and IV hydration therapy, plays a crucial role in addressing conditions such as immune deficiencies, cancer, and congestive heart failure, where oral medication is not a viable treatment option. The increasing demand for these therapies stems from the need for long-term treatment among patients, positioning home infusion therapy as a notably cost-effective alternative to hospital-based care. The incorporation of IV therapy and IV hydration therapy serves as a driving force, providing patients with enhanced accessibility to effective and personalized medical solutions in the comfort of their homes.
Gather more insights about the market drivers, restrains and growth of the Global home infusion therapy market
Home Infusion Therapy Market Segments Highlights:
- The infusion pumps segment accounted for the largest revenue share of over 51.3% in 2023. Infusion pumps, designed for controlled delivery of fluids, medications, and nutrients, were initially exclusive to healthcare facilities but are now widely adopted in outpatient settings.
- Needleless connectors are anticipated to register the highest CAGR over the forecast period. Needless connectors are small devices employed in intravenous systems to reduce needlestick injuries, thereby preventing bacterial contamination and improving safety.
- The anti-infective segment dominated the market for home infusion therapy in 2023 with a revenue share of over 26.9%. This is attributed to the considerable number of procedures performed for the administration of antifungal and antibiotic drugs.
- Chemotherapy is estimated to be the fastest-growing segment over the forecast period. With the growing incidences of cancer, the demand for pressure pumps is expected to increase in the coming years.
- North America dominated the market in 2023 with a revenue share of over 56.22% and this trend is expected to continue throughout the forecast period. This can be attributed to the increasing R&D in the region and the rising adoption of new technology in infusion pumps.
- The Asia Pacific market is expected to register the fastest CAGR over the forecast period. This is attributed to rising patient awareness regarding the benefits of home infusion therapy over in-hospital procedures and the growing prevalence of diabetes in the region.
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Home Infusion Therapy Market Segmentation
Grand View Research has segmented the global home infusion therapy market on the basis of on product, application, and region:
Home Infusion Therapy Product Outlook (Revenue, USD Million, 2018 - 2030)
- Infusion Pumps
- Elastomeric
- Electromechanical
- Gravity
- Others
- Intravenous Sets
- IV Cannulas
- Needleless Connectors
Home Infusion Therapy Application Outlook (Revenue, USD Million, 2018 - 2030)
- Anti-infective
- Endocrinology
- Diabetes
- Others
- Hydration Therapy
- Athletes
- Others
- Chemotherapy
- Enteral Nutrition
- Parenteral Nutrition
- Specialty Pharmaceuticals
- Others
Home Infusion Therapy Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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