North America Home Infusion Therapy Market - Global Drivers, Opportunities, Trends, and Forecasts to 2028
The North America home infusion therapy market is expected
to grow from US$ 10,954.08 million in 2022 to US$ 18,112.18 million by 2028. It
is estimated to grow at a CAGR of 8.7% from 2022 to 2028.
Increasing Incidences
of Chronic Disorders Coupled with Rising Geriatric Population is Driving North
America Home Infusion Therapy Market
Chronic disorders such as cardiovascular, nutritional, and
gastrointestinal disorders, rheumatoid arthritis, and neurological disorders
affect the overall quality of life. According to the World Health Organization
(WHO), over 50% of the global population is estimated to suffer from at least
one chronic disease. The Centers for Disease Control and Prevention (CDC)
stated that 6 out of 10 people in the US suffered from at least one chronic
disease in 2019. According to the “Worldwide Prevalence and Burden of Functional
Gastrointestinal Disorders, Results of Rome Foundation Global Study,” a
large-scale multinational study published in 2021, ~40% of 73,076 adults
surveyed from 33 countries in the world were suffering from a functional
gastrointestinal disorder (GFID). Age-related gastrointestinal problems are
more common in the elderly population, aged 64 and above.
The North America Home Infusion Therapy Market is experiencing
substantial growth, driven by a rising preference for home-based healthcare
solutions. This market encompasses the administration of medication via
infusion methods such as intravenous, subcutaneous, and epidural routes in a
home setting. Patients suffering from chronic diseases, such as cancer,
diabetes, and immune deficiencies, are increasingly relying on home infusion
therapy as it offers comfort, convenience, and cost-effectiveness compared to
traditional hospital care. The aging population across North America is also
significantly contributing to the expansion of the North America Home Infusion
Therapy Market, as elderly patients often require ongoing treatments that are
best delivered in the comfort of their own homes.
📚𝐅𝐮𝐥𝐥
𝐑𝐞𝐩𝐨𝐫𝐭
𝐋𝐢𝐧𝐤
@ https://www.businessmarketinsights.com/reports/north-america-home-infusion-therapy-market
Technological advancements in infusion devices and the
growing use of wearable infusion pumps are enhancing the effectiveness and
safety of home infusion therapy. These innovations make it easier for patients
and caregivers to manage complex infusion schedules without the constant
supervision of healthcare professionals. As a result, the North America Home
Infusion Therapy Market is gaining traction among patients who seek to maintain
a higher quality of life while managing chronic conditions.
The prevalence of chronic diseases is another critical
driver for the North America Home Infusion Therapy Market. Conditions such as
congestive heart failure, rheumatoid arthritis, and multiple sclerosis often
require long-term infusion therapy, which can be conveniently administered at
home. This approach reduces the need for frequent hospital visits and minimizes
the risk of hospital-acquired infections. The demand for cost-effective
healthcare services is pushing insurance providers to cover home infusion
therapy, which further fuels the growth of the North America Home Infusion
Therapy Market.
Regulatory support and favorable reimbursement policies are
encouraging more healthcare providers to offer home infusion services. With
advancements in training and certification programs, patients and their
families are becoming more confident in managing infusions at home. This, in
turn, is expanding the customer base of the North America Home Infusion Therapy
Market. Increased awareness of home healthcare options, supported by digital
platforms and telehealth services, is also playing a vital role in the market's
development.
Urbanization and changing lifestyles are pushing individuals
to seek healthcare solutions that do not disrupt daily routines. The North
America Home Infusion Therapy Market is addressing these demands by offering
therapies that allow patients to continue work, education, and personal
activities without being confined to healthcare facilities. This flexibility
and autonomy are making home infusion therapy a preferred choice across the
region.
Moreover, the COVID-19 pandemic highlighted the importance
of minimizing hospital visits, which led to a surge in demand for home-based
medical treatments. The North America Home Infusion Therapy Market responded
swiftly to these needs, offering safe and effective alternatives to in-clinic
infusion services. Even post-pandemic, the market continues to grow, supported
by a shift in healthcare delivery models that favor decentralization and
patient-centric care.
In conclusion, the North America Home Infusion Therapy
Market is on a strong growth trajectory. Its expansion is supported by
demographic shifts, technological innovations, policy support, and changing
patient preferences. As healthcare continues to evolve, the North America Home
Infusion Therapy Market is poised to play a central role in delivering
accessible and efficient treatment options directly to patients' homes.
𝐓𝐡𝐞 𝐋𝐢𝐬𝐭
𝐨𝐟
𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬
B. Braun Melsungen AG
Baxter International Inc
Nipro Corp
Becton Dickinson and Co
Fresenius Kabi AG
ICU Medical Inc
JMS Co Ltd
Eitan Medical Ltd
Terumo Corp
North
America Home Infusion Therapy Market Overview
The North America home infusion therapy market is segmented
into the US, Canada, and Mexico. The US held the largest share of the North
America home infusion therapy market in 2021. The projected growth of the home
infusion therapy market in North America is attributed to the factors such as
the presence of leading market players and their product developments, the
growing geriatric population, and rising prevalence of diseases and infections.
The US holds a significant share of the North America home infusion therapy
market. The requirement for home and specialty infusion therapy has increased
across the US due to the high prevalence of infections, gastrointestinal diseases
& disorders, multiple sclerosis, rheumatoid arthritis, cancer, hemophilia,
dehydration, congestive heart failure, immune deficiencies, and neurological
disorders.
North
America Home Infusion Therapy Strategic Insights
Strategic insights for the North America Home Infusion
Therapy provides data-driven analysis of the industry landscape, including
current trends, key players, and regional nuances. These insights offer
actionable recommendations, enabling readers to differentiate themselves from
competitors by identifying untapped segments or developing unique value
propositions. Leveraging data analytics, these insights help industry players
anticipate the market shifts, whether investors, manufacturers, or other
stakeholders. A future-oriented perspective is essential, helping stakeholders
anticipate
market shifts and position themselves for long-term success
in this dynamic region. Ultimately, effective strategic insights empower
readers to make informed decisions that drive profitability and achieve their
business objectives within the market.
North
America Home Infusion Therapy Regional Insights
The geographic scope of the North America Home Infusion
Therapy refers to the specific areas in which a business operates and competes.
Understanding local distinctions, such as diverse consumer preferences (e.g.,
demand for specific plug types or battery backup durations), varying economic
conditions, and regulatory environments, is crucial for tailoring strategies to
specific markets. Businesses can expand their reach by identifying underserved
areas or adapting their offerings to meet local demands. A clear market focus
allows for more effective resource allocation, targeted marketing campaigns,
and better positioning against local competitors, ultimately driving growth in
those targeted areas.
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Business
Market Insights is a market research platform that provides subscription
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