U.S. Home Infusion Therapy Market Size, Share & Trends Analysis By Product (Infusion Pumps, Needleless Connectors), By Application (Anti-Infective, Endocrinology), And Segment Forecasts, 2022 - 2030

U.S. Home Infusion Therapy Market Size, Share & Trends Analysis By Product (Infusion Pumps, Needleless Connectors), By Application (Anti-Infective, Endocrinology), And Segment Forecasts, 2022 - 2030

U.S. Home Infusion Therapy Market Growth & Trends

The U.S. home infusion therapy market size is expected to reach USD 31.7 billion by 2030, registering a CAGR of 7.5% during the forecast period, according to a new report by Grand View Research, Inc. The growing geriatric population and increasing prevalence of cancer, Crohn's disease, multiple sclerosis, nutritional and immune deficiencies, infections, dehydration, and nausea & vomiting are majorly driving the growth of the market. Factors such as the increasing need for reduced hospital stays and the rising prevalence of chronic disorders in the geriatric population are driving the growth.

Growing cases of Hospital Acquired Infections (HAI) are also driving the growth of the market for home infusion therapy in the U.S. According to the U.S. Centers for Disease Control and Prevention (CDC), annually, approximately 1.7 million admitted patients are affected by Healthcare Acquired infections (HCAI) and around 98, 000 patients (1 in 17 patients) die due to the same. Due to this, the demand for home infusion therapy is increasing substantially.

Increasing innovations in home infusion therapy such as the incorporation of Electronic Healthcare Records (EHR) along with medical devices and infusion pumps are trending. Electronic healthcare records allow storage, retrieval, and alteration of medical records, making it easier for healthcare professionals and patients to track improvements in a particular disorder.

Increasing preference for home healthcare among patients due to the cost-efficiency compared to hospital stays is an opportunity for the industry players to launch more innovative products. Also, the introduction of safety products will ultimately help the growth of the market.

The COVID-19 outbreak boosted the growth of the home infusion market in the country as many key players like Baxter; BD; ICU Medical; and Option Care Health, Inc. reported revenue increases for their home infusion products and services in 2020. This trend is expected to further boost the growth as numerous healthcare settings in the country are expected to permanently opt for home infusion services to decrease the patient admission burden in hospitals and other healthcare facilities.

U.S. Home Infusion Therapy Market Report Highlights

• The infusion pumps segment held a larger share of the market in comparison to others due to increasing use and efficiency in delivering required quantities of nutrition, medications, and other essential fluids
• Needleless connectors is expected to be the fastest-growing segment owing to various benefits, such as less risk of bacterial contamination and higher protection against needle stick injuries
• The anti-infective segment held the largest revenue share of the U.S. market for home infusion therapy in 2021 owing to its extensive use as antifungal, antibiotics, and antiviral agents at-home care
• Endocrinology is predicted to be the fastest-growing segment owing to the growing number of conditions associated with the endocrine system, such as thyroid and diabetes