Global Home Infusion Therapy Devices Market to Reach USD 4.4 Billion by 2033, Driven by Growing Demand for Home-Based Healthcare | FMI

The global home infusion therapy devices market is on a trajectory of significant expansion, with its market size projected to rise from USD 2.3 billion in 2023 to USD 4.4 billion by 2033. This impressive growth, driven by a compound annual growth rate (CAGR) of 6.6%, highlights the increasing shift toward home-based healthcare solutions and the rising prevalence of chronic illnesses requiring long-term treatment.

The rise in demand for convenient, cost-effective, and patient-friendly treatment options is fueling market growth. Home infusion therapy devices enable patients to receive critical treatments such as antibiotic therapy, chemotherapy, pain management, and hydration therapy in the comfort of their homes, reducing hospital visits and associated healthcare costs.

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Advancements in portable and smart infusion devices, along with rising healthcare expenditures and supportive government initiatives, are further accelerating market expansion. Additionally, an aging global population and the increasing incidence of conditions such as diabetes, cancer, and immune deficiencies are driving the need for more accessible and efficient home infusion solutions.

As healthcare systems worldwide shift toward value-based care, the home infusion therapy devices market is expected to witness sustained momentum. Industry players are focusing on product innovation, strategic collaborations, and expanding distribution networks to meet the growing demand for home-based treatment solutions.

Key Takeaways from Home Infusion Therapy Devices Market Study:

• By product type, infusion system accessories will hold around 45% of value share globally.
• Based on the application, antibiotic administration is leading with over 34% of the market share.
• Home care settings sales will dominate the home infusion therapy devices, with a market share of 65% during the forecast period.
• By region, the U.S. will dominate the global home infusion therapy devices market with a value share of around 37% during the forecast period.
• Followed by North America, Europe will be the second-largest leading region, with a value share of 93.2% during the forecast period.
• India is the dominant country in term of revenue for South Asia Home infusion therapy devices market, accounting for nearly 48% of market share in 2021.
• China holds leading position in East Asia and is expected to account for nearly 52% of market share.

“Growing prevalence of chronic diseases such as diabetes and cancer in the midst of COVID-19 pandemic and high risk of infection across hospitals encouraged key players to invest in new product launches. This is expected to enable growth in the market in the coming years” says a Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).

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Who is Winning?

Key players are focusing on new product launches and approvals. Other growth strategies adopted by leading players include, agreements, and collaborations among key manufacturers. By focusing on these strategies, key players are expanding their geographic presence and strengthening their existing product portfolio.

For instance,

• In June 2019, Baxter International Inc. announced that Myxredlin that is the first and only ready-to-use insulin for IV infusion get the US FDA approval.
• In Jan 2019, Fresenius Kabi AG launched two colourful bags via white spiral cables to supply the nutrient solution for parenteral nutrition.
• In April 2017, B. Braun Melsungen AG announced the launch of home infusion therapy App named Easypump® for healthcare professionals and patients.

Key Companies Profiled:

• CVS/Coram
• Option Care Health
• CareFusion Corporation
• BriovaRx/Diplomat (UnitedHealth Optum)
• PharMerica
• Fresenius Kabi
• CU Medical, Inc.
• B. Braun Melsungen AG
• Baxter
• BD
• Caesarea Medical Electronics
• Smiths Medical
• Terumo Corporation
• JMS Co. Ltd.

Key Insights into Healthcare Market Growth! https://www.futuremarketinsights.com/industry-analysis/therapeutic-device

Key Segments Covered in the Home Infusion Therapy Devices Market Report:

By Product Type:

• Disposable Elastomeric Pumps
• Insulin Pumps
• PCA Pumps
• Electronic Ambulatory Pumps
• Infusion System Accessories

By Applications:

• Enteral Nutrition
• Parenteral Nutrition
• Chemotherapy
• Antibiotic Administration
• Others

By End User:

• Home Care Settings
• Long-Term Care Centers

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Japan
• Middle East & Africa (MEA)

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