Home Infusion Therapy Market Size, Share & Trends Report

Home Infusion Therapy Market Size, Share & Trends Analysis Report By Product (Infusion Pumps, Intravenous Sets), By Application (Anti-Infective, Endocrinology), By Region, And Segment Forecasts, 2020 - 2027

  • Published Date: Feb, 2020
  • Base Year for Estimate: 2019
  • Report ID: 978-1-68038-389-8
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 100

Industry Insights

The global home infusion therapy market size was estimated at USD 23.7 billion in 2019 and is anticipated to register a CAGR of 7.3% over the forecast period. Home infusion therapy refers to the process in which patients receive treatment at home through the administration of drugs or biologicals through catheters and needles. Receiving treatment at home as opposed to hospitals or healthcare facilities is a cost-effective and more convenient option for patients, further driving the need for home infusion therapy.

The key factors driving the growth of the home infusion therapy market include increasing geriatric population with decreased mobility profile, rising preference for home care, and rapid technological advancements. Several conditions such as immune deficiencies, cancer, and congestive heart failure require infusion therapy as these conditions cannot be treated with oral medication. Since these patients require long-term treatment, home infusion therapy is considered as a more cost-effective alternative to receiving treatment in hospitals.

Global home infusion therapy market

While administering medication to patients, glutamine, phospholipids, and glucose are also added to the infusion for providing added nutrition, which is another important benefit of infusion therapy. Technological developments in these devices significantly contribute in making home infusion therapy more convenient and user-friendly for patients. For instance, smart pumps are increasingly adopted as these pumps contain advanced features. These pumps help provide an accurate and controlled rate of infusion, which is particularly beneficial for chemotherapy.

On the basis of application, chemotherapy is projected to be the fastest-growing segment over the forecast period. According to the WHO, 18.1 million new cases of cancer were reported globally in 2018. However, owing to a number of effective cancer treatments available, the number of cancer survivors has increased considerably. The total number of people who are alive within five years of cancer diagnosis, is about 43.8 million globally, according to the WHO. The increasing popularity of home-based therapy for cancer owing to the associated benefits such as cost-effectiveness, is anticipated to drive the market growth.

Product Insights

On the basis of product, the home infusion therapy market is segmented into infusion pumps, intravenous sets, IV cannulas, and needleless connectors. The infusion pumps segment accounted for the largest market share in 2019 as these pumps are widely preferred for the delivery of nutrients and medications. The availability of product variety such as enteral, syringe, multichannel, and peristaltic pumps further contributes to the segment growth. The rising demand for syringes and ambulatory pumps owing to increasing preference for home healthcare is also anticipated to contribute to the segment growth. 

Nowadays, smart pumps are widely used as these pumps contain advanced features such as barcode technology, which helps in the verification of a patient’s identity and also helps prevent drug administration errors. On the other hand, needleless connectors are anticipated to register the highest CAGR over the forecast period. These connectors offer improved safety, enable smooth surgeries, and help adhere to good clinical practice (GCP), which contributes to the growth of the segment.

Application Insights

On the basis of application, the market has been segmented into anti-infective, endocrinology, hydration therapy, chemotherapy, enteral nutrition, parenteral nutrition, and specialty pharmaceuticals. The anti-infective segment dominated the market for home infusion therapy in 2019. This is attributed to the considerable number of procedures performed for the administration of antifungal and antibiotic drugs. It also helps reduce exposure to patients with other hospital-acquired infections (HAIs). 

Global home infusion therapy market share

On the other hand, 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. Pumps used for chemotherapy at home are compact, continuous pressure pumps which do not require a battery and can hence be used for a longer period of time. With the help of these pumps, chemotherapy drugs can be administered at the appropriate infusion speed and in right amounts.

Regional Insights

North America dominated the market for home infusion therapy in 2019 and this trend is expected to continue through the forecast period. This can be attributed to increasing R&D in the region and rising adoption of new technology in infusion pumps. Increasing need for long-term therapy for patients with certain conditions is driving the regional market growth. Development of alternate healthcare settings and home infusion services and shifting preference from acute care to home care settings due to low cost and enhanced patient mobility would boost the growth of this market in the coming years.

The Asia Pacific market is expected to witness a significant CAGR of 6.9% 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.

Home Infusion Therapy Market Share Insights

The global market is highly competitive. Some of the players operating in the market are B. Braun Melsungen AG; Baxter; Caesarea Medical Electronics; CareFusion Corporation; Fresenius Kabi; ICU Medical, Inc.; JMS Co. Ltd.; Smiths Medical; and Terumo Corporation.

One of the key factors driving competitiveness among market players is the rapid adoption of advanced healthcare technology for improved healthcare services. Moreover, in order to retain market share and diversify their product portfolio, major players often adopt strategies such as mergers, acquisitions, and new product launches. For instance, B. Braun launched Easypump, a home infusion therapy app for healthcare professionals as well as patients. This app helps patients to safely administer medication by providing instructions on how to properly manage and use the pump.

Report Scope

Attribute

Details

Base year for estimation

2019

Actual estimates/Historical data

2016 - 2018

Forecast period

2020 - 2027

Market representation                                                  

Revenue in USD Million and CAGR from 2020 to 2027

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country scope

U.S., Canada, U.K., Germany, France, Italy, Spain, Netherlands, Belgium, Switzerland, Russia, Sweden, China, India, Japan, Australia, South Korea, Malaysia, Indonesia, Singapore, Philippines, Thailand, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Saudi Arabia, UAE, Israel, Egypt

Report coverage              

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global home infusion therapy market report on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million, 2016 - 2027)

    •  Infusion Pumps

      • Ambulatory Infusion Pumps

      • Insulin Pumps

      • Syringe Pumps

      • Elastomeric Pumps

      • Patient Controlled Analgesics (PCA)

      • Volumetric Pumps

    • Intravenous Sets

    • IV Cannulas

    • Needleless Connectors      

  • Application Outlook (Revenue, USD Million, 2016 - 2027)

    • Anti-Infective

    • Endocrinology

      • Diabetes

      • Others

    • Hydration Therapy

      • Athletes

      •  Others

    • Chemotherapy

    • Enteral Nutrition

    • Parenteral Nutrition

    • Specialty Pharmaceuticals

    • Others

  • Regional Outlook (Revenue, USD Million, 2016 - 2027)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Spain

      • Italy

      • Netherlands

      • Belgium

      • Switzerland

      • Russia

      • Sweden

    • Asia Pacific

      • India

      • Japan

      • China

      • Australia

      • South Korea

      • Malaysia

      • Indonesia

      • Singapore

      • Philippines

      • Thailand

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

      • Chile

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

      • Israel

      • Egypt

Key questions answered by the report
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