Exploring Key Insights of the Chemotherapy At Home Services Market: Growth Prospects, Emerging Trends, and Opportunities
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How has the chemotherapy at home services market grown in recent years?
The chemotherapy at home services market has grown rapidly in recent years. It will increase from $1.75 billion in 2024 to $1.95 billion in 2025, at a compound annual growth rate (CAGR) of 11.5%. This market’s expansion can be attributed to the rising incidence of cancer, growing patient demand for home-based care, capacity limitations in hospitals, improved home healthcare infrastructure, and supportive government policies.
How is the chemotherapy at home services market size expected to evolve during the forecast period?
The chemotherapy at home services market is anticipated to reach $2.97 billion by 2029 with a CAGR of 11.1%. This growth is driven by the rising healthcare costs, aging population, and the expansion of home healthcare services. Major trends include the integration of AI, wearable health technology, and specialty home infusion services.
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Which key drivers are propelling the chemotherapy at home services market’s growth?
The rising prevalence of cancer is expected to boost the chemotherapy-at-home services market. With cancer rates increasing due to factors like aging, lifestyle changes, and genetic predispositions, home-based chemotherapy services are becoming more popular, offering convenience and improving the quality of life. The National Center for Biotechnology Information reported nearly 2 million new cancer cases and over 600,000 cancer deaths in 2023. This surge is driving the growth of chemotherapy-at-home services.
What are the market segments in the chemotherapy at home services industry?
The chemotherapy at home services market covered in this report is segmented –
1) By Product: Chemotherapy Drugs, Chemotherapy Infusion Pumps
2) By Administration: Oral, Intravenous
3) By Application: Breast Cancer, Blood Cancer, Ovarian Cancer, Colorectal Cancer
Subsegments:
1) By Chemotherapy Drugs: Oral Chemotherapy Drugs, Injectable Chemotherapy Drugs, Targeted Therapy Drugs, Chemotherapy Regimen Combinations
2) By Chemotherapy Infusion Pumps: Portable Infusion Pumps, Home Infusion Therapy Pumps, Electronic Infusion Pumps, Ambulatory Infusion Pumps
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Which leading companies are shaping the growth of the chemotherapy at home services market?
Major companies operating in the chemotherapy at home services market are CVS Health Corporation, Optum Inc., Fresenius Kabi, Medtronic plc, Amgen, Penn Medicine, Advocate Health Care, Medibank Private Limited, Option Care Health Inc., Amedisys Inc., Lincare Holdings Inc., Cancer Treatment Centers of America (CTCA), BioScrip Inc., Shanghai MicroPort Lifesciences Co. Ltd., Accredo Health Group Inc., LloydsPharmacy Clinical Homecare, InfuSystem Holdings Inc., Portea Medical, Amerita Inc., Jivika Healthcare, Vitalis Health and Home Care Pty Ltd., Ubiqare Health Pvt. Ltd., View Health Pty Ltd group, Sciensus Pharma Services Limited, TCP Homecare
What key trends are currently impacting the chemotherapy at home services market’s development?
Companies in the chemotherapy-at-home services market are revolutionizing the delivery of chemotherapy treatments by providing services in the comfort of patients’ homes, enhancing safety and convenience. For example, in September 2022, India-based Jivika Healthcare launched ChemoAtHome, a chemotherapy care service for cancer patients. This service offers high-quality cancer care delivered by trained nurses under the supervision of an MBBS doctor in a hospital-like setting at home. ChemoAtHome provides convenience and cost savings, reducing chemotherapy hospital bills by 20-25%, and includes pre- and post-chemotherapy support such as video consultations with oncologists and home-delivered medicines.
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Which geographic areas are influencing the growth of the chemotherapy at home services market?
North America was the largest region in the chemotherapy at-home services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chemotherapy at home services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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