U.S. Home Infusion Therapy MarketU.S. Home Infusion Therapy Market 2024-2032 Analysis: Trends, Competitor Dynamics, and Growth Opportunities
U.S. Home Infusion Therapy Market by Product (Devices, Drugs, Services), by Indication (Enteral Nutrition, Anti-Infective, Chemotherapy, Hydration Therapy, Total Parenteral Nutrition, Immunoglobulins, Others), by North America (Canada, United States, Mexico) Forecast 2024-2032
Base Year: 2023
80 Pages
U.S. Home Infusion Therapy Market 2024-2032 Analysis: Trends, Competitor Dynamics, and Growth Opportunities
Key Insights
The size of the U.S. Home Infusion Therapy Market was valued at USD 17.26 USD billion in 2023 and is projected to reach USD 30.36 USD billion by 2032, with an expected CAGR of 8.4% during the forecast period. This growth is attributed to a confluence of factors, including the increasing prevalence of chronic diseases, the growing geriatric population, technological advancements in infusion devices and therapies, and the expansion of home healthcare services. Home Infusion Therapy (HIT) is a type of medical treatment that involves the administration of intravenous (IV) or subcutaneous medications to a patient in their home, rather than in a hospital or clinical setting. This therapy is typically used for patients who require long-term medication administration but do not need to stay in a hospital. It allows patients to receive care in the comfort of their own home while still receiving necessary treatments such as antibiotics, chemotherapy, pain management, and nutritional support.
U.S. Home Infusion Therapy Market Trends
The U.S. Home Infusion Therapy Market is witnessing multiple trends shaping its growth trajectory:
- Increasing Prevalence of Chronic Diseases: The rise in conditions such as cancer, diabetes, and heart failure is driving the demand for home infusion therapy as these patients require ongoing and specialized treatments.
- Expansion of Home Healthcare Services: Home healthcare providers are expanding their services to include home infusion therapy, making it more convenient and accessible for patients.
- Technological Advancements: Advancements in infusion devices and technologies, such as wearable infusion pumps and wireless monitoring systems, are improving patient outcomes and enhancing the overall experience.
Driving Forces: What's Propelling the U.S. Home Infusion Therapy Market
The growth of the U.S. Home Infusion Therapy Market is fueled by several key driving forces:
- Rising Preference for Home-Based Care: Patients increasingly prefer receiving treatment in the comfort of their homes, leading to a surge in demand for home infusion therapy.
- Government Initiatives: Government initiatives, such as the Medicare Part B coverage for home infusion therapy, are expanding access and affordability for patients.
- Cost-Effectiveness: Home infusion therapy can be more cost-effective than hospital-based treatment, as it reduces the need for hospitalizations and readmissions.
Challenges and Restraints in U.S. Home Infusion Therapy Market
The U.S. Home Infusion Therapy Market also encounters challenges and restraints:
- Skilled Workforce Shortage: The demand for qualified healthcare professionals trained in home infusion therapy is outpacing supply, which poses a challenge to the industry's growth.
- Reimbursement Issues: Reimbursement policies for home infusion therapy can vary widely across payers, leading to financial uncertainties for providers.
- Patient Safety Concerns: Ensuring patient safety during home infusion therapy requires stringent protocols and monitoring, which can be a challenge.
Key Region or Country & Segment to Dominate the Market
Dominating Region or Country: The United States is the dominant market for home infusion therapy due to its large population, high prevalence of chronic diseases, and well-developed healthcare system.
Dominating Segment: The drugs segment holds a significant share of the market due to the high demand for specialized medications administered through infusion, such as antibiotics, chemotherapy agents, and immunoglobulins.
Growth Catalysts in U.S. Home Infusion Therapy Industry
The U.S. Home Infusion Therapy Industry is poised for further growth due to several catalysts:
- Rising Awareness: The increasing awareness of the benefits of home infusion therapy, such as improved patient outcomes, reduced costs, and greater convenience, is driving demand.
- Advancements in Telehealth: Telehealth technologies are enabling remote monitoring of patients receiving home infusion therapy, improving patient safety and convenience.
- Expansion of Telepharmacy: Telepharmacy services allow patients to receive medications and supplies directly to their homes, enhancing accessibility and reducing travel costs.
Market Segmentation: U.S. Home Infusion Therapy Analysis
Product
- Devices
- Drugs
- Services
Indication
- Enteral nutrition
- Anti-infective
- Chemotherapy
- Hydration therapy
- Total parenteral nutrition
- Immunoglobulin
- Others
Application
- Oncology
- Infectious diseases
- Gastroenterology
- Neurology
- Others
Leading Players in the U.S. Home Infusion Therapy Market
- 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.)
Significant Developments in U.S. Home Infusion Therapy Sector
Recent developments in the U.S. Home Infusion Therapy Sector include:
- The acquisition of BioScrip, Inc. by Envision Healthcare Corporation, expanding Envision's home infusion services.
- The development of innovative infusion technologies, such as wearable infusion pumps and smart infusion systems, to enhance patient comfort and safety.
- The expansion of telepharmacy services to meet the growing demand for convenient and accessible medication delivery.
Regional Insight
The U.S. is the largest market for home infusion therapy The market in emerging economies, such as India and China, is expected to witness significant growth due to rising healthcare spending and increasing prevalence of chronic diseases.
DROCT
SWOT analysis, Porter's Five Forces, PESTEL analysis, and market share analysis are used to analyze the U.S. Home Infusion Therapy Market.
Pricing Analysis
Pricing in the U.S. Home Infusion Therapy Market varies depending on the type of therapy, drugs used, and provider. Home infusion therapy can be more cost-effective than hospital-based treatment, as it reduces the need for hospitalizations and readmissions.
Import And Export Analysis
The U.S. imports infusion pumps and other devices used in home infusion therapy from countries such as China, Germany, and Japan. The U.S. exports home infusion therapy products to countries with developing healthcare systems, such as those in Latin America and the Middle East.
Patent/Trademark Analysis
The U.S. Home Infusion Therapy Market is protected by various patents and trademarks. These patents cover innovative infusion technologies, drug formulations, and service delivery models.
U.S. Home Infusion Therapy Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 8.4% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increased Incidence of Cardiovascular and Other Chronic Disorders to Boost Market Growth
- 3.3. Market Restrains
- 3.3.1. Safety Concerns Coupled with Resistance Among Patient Population to Limit Market Proliferation
- 3.4. Market Trends
- 3.4.1. Increasing Number of Hospitals and ASCs Identified as Significant Market Trend
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Home Infusion Therapy Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Product
- 5.1.1. Devices
- 5.1.2. Drugs
- 5.1.3. Services
- 5.2. Market Analysis, Insights and Forecast - by Indication
- 5.2.1. Enteral Nutrition
- 5.2.2. Anti-Infective
- 5.2.3. Chemotherapy
- 5.2.4. Hydration Therapy
- 5.2.5. Total Parenteral Nutrition
- 5.2.6. Immunoglobulins
- 5.2.7. Others
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.1. Market Analysis, Insights and Forecast - by Product
- 6. U.S.
Europe U.S. Home Infusion Therapy Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Product
- 6.1.1 Devices
- 6.1.2 Drugs
- 6.1.3 and Services
- 6.2. Market Analysis, Insights and Forecast - By Indication
- 6.2.1 Enteral Nutrition
- 6.2.2 Anti-Infective
- 6.2.3 Chemotherapy
- 6.2.4 Hydration Therapy
- 6.2.5 Total Parenteral Nutrition
- 6.2.6 Immunoglobulins
- 6.2.7 and Others
- 6.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 6.3.1 Germany
- 6.3.2 U.K.
- 6.3.3 France
- 6.3.4 Italy
- 6.3.5 Spain
- 6.3.6 Rest of Europe
- 7. Asia Pacific U.S. Home Infusion Therapy Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Product
- 7.1.1 Devices
- 7.1.2 Drugs
- 7.1.3 and Services
- 7.2. Market Analysis, Insights and Forecast - By Indication
- 7.2.1 Enteral Nutrition
- 7.2.2 Anti-Infective
- 7.2.3 Chemotherapy
- 7.2.4 Hydration Therapy
- 7.2.5 Total Parenteral Nutrition
- 7.2.6 Immunoglobulins
- 7.2.7 and Others
- 7.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 7.3.1 China
- 7.3.2 Japan
- 7.3.3 India
- 7.3.4 Australia
- 7.3.5 Rest of Asia Pacific
- 8. Rest of the World U.S. Home Infusion Therapy Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Product
- 8.1.1 Devices
- 8.1.2 Drugs
- 8.1.3 and Services
- 8.2. Market Analysis, Insights and Forecast - By Indication
- 8.2.1 Enteral Nutrition
- 8.2.2 Anti-Infective
- 8.2.3 Chemotherapy
- 8.2.4 Hydration Therapy
- 8.2.5 Total Parenteral Nutrition
- 8.2.6 Immunoglobulins
- 8.2.7 and Others
- 8.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 8.3.1
- 8.3.2
- 9. Competitive Analysis
- 9.1. Market Share Analysis 2023
- 9.2. Company Profiles
- 9.2.1 Option Care Health Inc. (U.S.)
- 9.2.1.1. Overview
- 9.2.1.2. Products
- 9.2.1.3. SWOT Analysis
- 9.2.1.4. Recent Developments
- 9.2.1.5. Financials (Based on Availability)
- 9.2.2 Optum Inc. (U.S.)
- 9.2.2.1. Overview
- 9.2.2.2. Products
- 9.2.2.3. SWOT Analysis
- 9.2.2.4. Recent Developments
- 9.2.2.5. Financials (Based on Availability)
- 9.2.3 CareCentrix Inc. (U.S.)
- 9.2.3.1. Overview
- 9.2.3.2. Products
- 9.2.3.3. SWOT Analysis
- 9.2.3.4. Recent Developments
- 9.2.3.5. Financials (Based on Availability)
- 9.2.4 CVS Health (U.S.)
- 9.2.4.1. Overview
- 9.2.4.2. Products
- 9.2.4.3. SWOT Analysis
- 9.2.4.4. Recent Developments
- 9.2.4.5. Financials (Based on Availability)
- 9.2.5 KabaFusion (U.S.)
- 9.2.5.1. Overview
- 9.2.5.2. Products
- 9.2.5.3. SWOT Analysis
- 9.2.5.4. Recent Developments
- 9.2.5.5. Financials (Based on Availability)
- 9.2.6 Promptcare Respiratory (U.S.)
- 9.2.6.1. Overview
- 9.2.6.2. Products
- 9.2.6.3. SWOT Analysis
- 9.2.6.4. Recent Developments
- 9.2.6.5. Financials (Based on Availability)
- 9.2.7 Baxter (U.S.)
- 9.2.7.1. Overview
- 9.2.7.2. Products
- 9.2.7.3. SWOT Analysis
- 9.2.7.4. Recent Developments
- 9.2.7.5. Financials (Based on Availability)
- 9.2.8 InfuSystem Holdings Inc. (U.S.)
- 9.2.8.1. Overview
- 9.2.8.2. Products
- 9.2.8.3. SWOT Analysis
- 9.2.8.4. Recent Developments
- 9.2.8.5. Financials (Based on Availability)
- 9.2.9 Moog Inc. (U.S.)
- 9.2.9.1. Overview
- 9.2.9.2. Products
- 9.2.9.3. SWOT Analysis
- 9.2.9.4. Recent Developments
- 9.2.9.5. Financials (Based on Availability)
- 9.2.10 Option Care Health Inc. (U.S.)
- 9.2.10.1. Overview
- 9.2.10.2. Products
- 9.2.10.3. SWOT Analysis
- 9.2.10.4. Recent Developments
- 9.2.10.5. Financials (Based on Availability)
- 9.2.11 Optum Inc. (U.S.)
- 9.2.11.1. Overview
- 9.2.11.2. Products
- 9.2.11.3. SWOT Analysis
- 9.2.11.4. Recent Developments
- 9.2.11.5. Financials (Based on Availability)
- 9.2.12 CareCentrix Inc. (U.S.)
- 9.2.12.1. Overview
- 9.2.12.2. Products
- 9.2.12.3. SWOT Analysis
- 9.2.12.4. Recent Developments
- 9.2.12.5. Financials (Based on Availability)
- 9.2.13 CVS Health (U.S.)
- 9.2.13.1. Overview
- 9.2.13.2. Products
- 9.2.13.3. SWOT Analysis
- 9.2.13.4. Recent Developments
- 9.2.13.5. Financials (Based on Availability)
- 9.2.14 KabaFusion (U.S.)
- 9.2.14.1. Overview
- 9.2.14.2. Products
- 9.2.14.3. SWOT Analysis
- 9.2.14.4. Recent Developments
- 9.2.14.5. Financials (Based on Availability)
- 9.2.15 Promptcare Respiratory (U.S.)
- 9.2.15.1. Overview
- 9.2.15.2. Products
- 9.2.15.3. SWOT Analysis
- 9.2.15.4. Recent Developments
- 9.2.15.5. Financials (Based on Availability)
- 9.2.16 Baxter (U.S.)
- 9.2.16.1. Overview
- 9.2.16.2. Products
- 9.2.16.3. SWOT Analysis
- 9.2.16.4. Recent Developments
- 9.2.16.5. Financials (Based on Availability)
- 9.2.17 InfuSystem Holdings Inc. (U.S.)
- 9.2.17.1. Overview
- 9.2.17.2. Products
- 9.2.17.3. SWOT Analysis
- 9.2.17.4. Recent Developments
- 9.2.17.5. Financials (Based on Availability)
- 9.2.18 Moog Inc. (U.S.)
- 9.2.18.1. Overview
- 9.2.18.2. Products
- 9.2.18.3. SWOT Analysis
- 9.2.18.4. Recent Developments
- 9.2.18.5. Financials (Based on Availability)
- 9.2.1 Option Care Health Inc. (U.S.)
List of Figures
- Figure 1: U.S. Home Infusion Therapy Market Revenue Breakdown (USD billion, %) by Product 2023 & 2031
- Figure 2: U.S. Home Infusion Therapy Market Value Share (%), by Product 2023 & 2031
- Figure 3: U.S. Home Infusion Therapy Market Value Share (%), by Indication 2023 & 2031
- Figure 4: U.S. Home Infusion Therapy Market Share (%) by Company 2023
List of Tables
- Table 1: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Product 2018 & 2031
- Table 2: U.S. Home Infusion Therapy Market Volume Units Forecast, by Product 2018 & 2031
- Table 3: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Indication 2018 & 2031
- Table 4: U.S. Home Infusion Therapy Market Volume Units Forecast, by Indication 2018 & 2031
- Table 5: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Region 2018 & 2031
- Table 6: U.S. Home Infusion Therapy Market Volume Units Forecast, by Region 2018 & 2031
- Table 7: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Product 2018 & 2031
- Table 8: U.S. Home Infusion Therapy Market Volume Units Forecast, by Product 2018 & 2031
- Table 9: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Indication 2018 & 2031
- Table 10: U.S. Home Infusion Therapy Market Volume Units Forecast, by Indication 2018 & 2031
- Table 11: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Region 2018 & 2031
- Table 12: U.S. Home Infusion Therapy Market Volume Units Forecast, by Region 2018 & 2031
- Table 13: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Product 2018 & 2031
- Table 14: U.S. Home Infusion Therapy Market Volume Units Forecast, by Product 2018 & 2031
- Table 15: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Indication 2018 & 2031
- Table 16: U.S. Home Infusion Therapy Market Volume Units Forecast, by Indication 2018 & 2031
- Table 17: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Country 2018 & 2031
- Table 18: U.S. Home Infusion Therapy Market Volume Units Forecast, by Country 2018 & 2031
- Table 19: Germany U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 20: Germany U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 21: U.K. U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 22: U.K. U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 23: France U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 24: France U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 25: Italy U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 26: Italy U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 27: Spain U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 28: Spain U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 29: Rest of Europe U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 30: Rest of Europe U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 31: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Product 2018 & 2031
- Table 32: U.S. Home Infusion Therapy Market Volume Units Forecast, by Product 2018 & 2031
- Table 33: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Indication 2018 & 2031
- Table 34: U.S. Home Infusion Therapy Market Volume Units Forecast, by Indication 2018 & 2031
- Table 35: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Country 2018 & 2031
- Table 36: U.S. Home Infusion Therapy Market Volume Units Forecast, by Country 2018 & 2031
- Table 37: China U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 38: China U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 39: Japan U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 40: Japan U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 41: India U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 42: India U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 43: Australia U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 44: Australia U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 45: Rest of Asia Pacific U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 46: Rest of Asia Pacific U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 47: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Product 2018 & 2031
- Table 48: U.S. Home Infusion Therapy Market Volume Units Forecast, by Product 2018 & 2031
- Table 49: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Indication 2018 & 2031
- Table 50: U.S. Home Infusion Therapy Market Volume Units Forecast, by Indication 2018 & 2031
- Table 51: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Country 2018 & 2031
- Table 52: U.S. Home Infusion Therapy Market Volume Units Forecast, by Country 2018 & 2031
- Table 53: U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 54: U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 55: U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 56: U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 57: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Product 2018 & 2031
- Table 58: U.S. Home Infusion Therapy Market Volume Units Forecast, by Product 2018 & 2031
- Table 59: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Indication 2018 & 2031
- Table 60: U.S. Home Infusion Therapy Market Volume Units Forecast, by Indication 2018 & 2031
- Table 61: U.S. Home Infusion Therapy Market Revenue USD billion Forecast, by Country 2018 & 2031
- Table 62: U.S. Home Infusion Therapy Market Volume Units Forecast, by Country 2018 & 2031
- Table 63: Canada U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 64: Canada U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 65: United States U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 66: United States U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
- Table 67: Mexico U.S. Home Infusion Therapy Market Revenue (USD billion) Forecast, by Application 2018 & 2031
- Table 68: Mexico U.S. Home Infusion Therapy Market Volume (Units) Forecast, by Application 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 8.4% from 2018-2032 |
| Segmentation |
|
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