Infusion Pharmacy Management Market – Insights From Industry Leaders 2020
The infusion therapy involves the use of needle or catheter during the treatment. This therapy is suggested to only those patients who are not responding to the oral medication and their health has still not improved. In the infusion pharmacy, with the help of the needle or the catheter pain management antibiotics, antiviral, antifungal, and nutritional drug are infused into the patient’s body. Various types of diseases such as cancer, gastrointestinal disorder, diabetes, and pain related disorders are treated with the help of infusion medication system. Infusion pharmacy services can also be given in the home.
Global Infusion Pharmacy Management Market: Segmentation
The market for infusion pharmacy management is globally fragmented into its service and end user. On the basis of service, the global market is segregated into antibiotics, anti-nutrition, antifungal, pain management, total parenteral nutrition, and others. Depending on the end user, the market is categorized into ambulatory surgical centers, home care setting, hospital, specialty clinics.
Global Infusion Pharmacy Management Market: Growth Factors
The main factor that is driving the infusion pharmacy management market is the increased rate of prevalence of chronic diseases such as diabetes, cancer, and others. The initiatives that are taken by the pharmaceutical companies in order to develop the healthcare infrastructure and make technological advancements will propel the infusion pharmacy management market to grow significantly. The use of oral medication is not as better as the infusion medication, which is more efficient; this factor is also contributing to the market growth. There are certain factors that are limiting the growth of the market which include the lack of the availability of the skilled professionals, the high cost involved in the infusion pharmacy, and the risk involved in the patient safety results in the lower adoption rate of the infusion pharmacy.
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Global Infusion Pharmacy Management Market: Regional Analysis
The market for infusion pharmacy is geographically diversified into North America, Eastern Europe, Western Europe, the Middle East & Africa, Latin America, and Asia Pacific. The dominant region in the infusion pharmacy management market is North America and this dominance will be retained in the coming years too. The key factor that is contributing to this market growth is the highly developed healthcare infrastructure. North America is being followed by Western Europe. The factor that attributes to this growth in this region is the growing companies in the U.K. and Germany that focus on pharmacy management. The market in the Asia Pacific region is developing, especially in the emerging nations China and India owing to the growing geriatric population. In the Middle East & Africa and Latin American region, the growth of the infusion pharmacy management market is sluggish.
Global Infusion Pharmacy Management Market: Competitive Players
The key market players that are involved in the infusion pharmacy management market include Southside Group of Companies, Cigna, CareCentrix, Inc., Managed Health Care Associates, Inc., ContinuumRx, ARJ Infusion Services, MedicoRx, and others.
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