Home Infusion Therapy Market
Home infusion therapy refers to the delivery of medications and nutrients directly into a patient's bloodstream at home, through an intravenous (IV) device or IV catheter. It allows patients to receive various therapies in the comfort of their own home, instead of visiting a healthcare facility. A number of chronic diseases and conditions, such as cancer, congestive heart failure, immunotherapy, and diabetes, are increasingly being treated through home infusion therapy. Growing geriatric population, increasing prevalence of chronic diseases, cost competitiveness compared to hospitalization, and technological advancements in home infusion devices are the major factors driving this market. However, lack of skilled healthcare professionals, stringent regulations, and reimbursement issues may restrain the market to a certain extent.
Market Dynamics:
The global home infusion therapy market is driven by factors such as growing geriatric population, increasing prevalence of chronic diseases, cost competitiveness as compared to hospitalization, and technological advancements in home infusion devices. As per WHO, the global geriatric population is expected to reach approximately 1.5 billion by 2050, up from 900 million in 2015. Moreover, rising cases of chronic conditions such as cancer, diabetes, congestive heart failure, and autoimmune diseases are increasing the demand for home infusion therapy. Home infusion therapy allows patients to receive treatment in comfort of their home, avoiding high costs associated with hospital stays. However, lack of skilled healthcare professionals especially in developing regions, stringent regulations, and issues regarding reimbursement policies pose a challenge to market growth. Lack of awareness in some countries also restrains the market growth. Nevertheless, ongoing research and introduction of new home infusion therapy devices are expected to create growth opportunities for market players.
Key Features of the Study:
Detailed Segmentation-
Table of Contents
*Browse 32 market data tables and 28 figures on "Home Infusion Therapy Market” - Global forecast to 2031
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