Chemotherapy At Home Services Market to be dominated by Growing Prevalence of Different Type of Cancer and Rising Geriatric Population Base through 2027
Growing prevalence of cancer and technological advancements to drive
the chemotherapy at home services market in the forecast period, 2023-2027.
According to TechSci Research report, “Chemotherapy
At Home Services Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2017-2027”, the global chemotherapy at home services market is
anticipated to grow at a significant rate in the forecast period, 2023-2027. The
increase in incidences of different types of cancer, and rising preferences towards
at-home medical care are the primary factors driving the demand for the global chemotherapy
at home services market. Growing technological advancements, rise in geriatric
population, and heavy investments in healthcare sector are expected to influence
the market demand. Also, strategic partnerships and collaborations are also a
key factor for increasing the growth of the chemotherapy at home services
market, globally.
However, the lack of skilled manpower coupled
with vast product recalls and lack of standard usage guidelines can hamper the
growth of the global chemotherapy at home services market.
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The global chemotherapy at
home services market is segmented into product, route of administration, cancer
type, and company.
Based on product, the market
is divided into chemotherapy drugs and chemotherapy infusion pumps. The chemotherapy
drugs segment is expected to hold the largest market share. This is attributed
to the increasing number of patients suffering from cancer, and rising
occurrences of various kinds of cancers.
Based on route of administration, the
market is segmented into oral and intravenous. The oral consumption segment is expected to witness largest
market share as it is the most preferred route of administration since it is
self-administrable, perception of efficacy, convenient, and cost effective as
well.
Based on cancer type, the
market is segmented into breast cancer, blood cancer, ovarian cancer,
colorectal cancer, and others. The breast cancer segment is anticipated to grow
during the forecast period. This is attributed to the changing lifestyle,
tobacco use, obesity, and others.
Major operating companies
operating in global chemotherapy at home services market are:
- Portea Medical Pvt. Ltd.
- HealthCare atHOME
- Ubiqare Health Pvt. Ltd.
- Vitalis Health and Home Care Pty Ltd
- Medibank Private Limited.
- Advocate Medical Group
- View Health Pty Ltd
- CVS Health Corporation
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“North America region dominates the market in 2021 and is expected to maintain
its dominance in the coming years due to increase in patient numbers, rise in
elderly generation, and growing occurrences of cancers. The strongly
established research infrastructure, emerging new technologies and adopting new
devices for minimalizing the discomfort of the population, and multiplied
government spending in the region is another key factor. Also, owing to acquisitions and partnerships
by companies in the region are expected to propel the global chemotherapy at
home services market growth till 2027” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Chemotherapy At Home Services
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2017-2027 Segmented By Product (Chemotherapy Drugs v/s Chemotherapy Infusion
Pumps), By Route of Administration (Oral v/s Intravenous), By Cancer Type
(Breast Cancer, Blood Cancer, Ovarian Cancer, Colorectal Cancer, Others), By
Company, and By Region”, has evaluated the future growth potential of global chemotherapy
at home services market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in global chemotherapy
at home services market.
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