DUBLIN, February 3, 2023 /PRNewswire/ — The “Home Chemotherapy Services Market” report has been added to from ResearchAndMarkets.com offer.
The Global Home Chemotherapy Services Market is Expected to Observe Impressive Growth During the Forecast Period 2023-2027
Major factors including increasing incidence of different types of cancer and increasing preference for home medical care are driving the growth of the market. Chemotherapy is a medical practice that is primarily aimed at cancer patients. It uses powerful chemicals to kill fast growing cells in the human body.
Other factors supporting the growth of the market are increasing need to reduce the length of hospital stays, increasing population, changing societal behaviors, increasing government investments, growing geriatric population and advancements technologies in the field of chemotherapy devices. Additionally, strategic partnerships and collaborations are fueling the growth of the market.
For example, CVS Health and the Cancer Treatments Centers of America (CTCA) have partnered to increase access to home chemotherapy for eligible patients.
Rising incidence of cancer and increasing geriatric population
Rising occurrences of various types of cancer, such as lung cancer, cervical cancer, breast cancer, and others, propel the growth of the market. Cancer is considered the second leading cause of death and disability worldwide. According to the National Cancer Institute, about 5.5 million people in United States are affected by cancer.
This number is expected to reach 20.3 million by 2026. Due to the rapid increase in the number of cancer patients, the demand for chemotherapy is increasing, which is accelerating the growth of the home chemotherapy services market in the future. global scale. Additionally, increasing geriatric population is also a key factor contributing to the growth of the market.
For example, according to the US Census Bureau, approximately 77.0 million people will be age 65 and over by 2034, and that number is expected to rise to 94.7 million by 2060.
Increased preference for home medical care and various technological advances
The growing consumer inclination towards home medical care is bolstering the growth of the market globally. The limited mobility capabilities of the elderly population is fueling the growth of the market. Rising incidence of hospital infections and cost effectiveness of these devices are restraining the market growth.
For example, in 2021, according to the study titled “Predicting Patients at Risk of Extended Hospital Stays”, only 1.2% of hospital stays lasted longer than 21 days. Moreover, various initiatives are taken by governmental and non-governmental organizations to support the growth of the market. In 2021, VS Health and the Cancer Treatments Centers of America (CTCA) collaborated to increase access to home chemotherapy for qualified patients.
Company Profiles: Detailed analysis of major companies operating in the Home Chemotherapy Services market
- Portea Medical Pvt. ltd.
- HOME health care
- Ubiqare Health Pvt. ltd.
- Vitalis Health and Homecare Pty Ltd
- Medibank Private Limited.
- Lawyer Medical Group
- View Health Pty Ltd
- CVS Health Society
In this report, the global home chemotherapy services market has been segmented into the following categories, in addition to industry trends which have also been detailed below:
Home Chemotherapy Services Market, By Product:
- Chemotherapy drugs
- Chemotherapy infusion pumps
Home Chemotherapy Services Market, By Route Of Administration:
Home Chemotherapy Services Market, By Cancer Type:
- Breast cancer
- Ovarian cancer
- Colorectal cancer
Home Chemotherapy Services Market, By Region:
- North America
- United States
- Asia Pacific
- South Korea
- Europe & IEC
- South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
For more information about this report visit https://www.researchandmarkets.com/r/snj23f-at?w=5
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