Infusion therapy is type of medication through a needle or catheter. Infusion therapy is prescribed to patient only when patient condition is severe or oral medication are less effective. Infusion Pharmacy include infusion of antibiotic, antifungal, antiviral, pain management and nutritional drug through needle or catheter. Diseases such as cancer, diabetes, gastrointestinal disorder and pain related disorders are generally treated with infusion medication system. Infusion pharmacy can also be administered in home by providing doorstep services. Home infusion pharmacy management is more costly than hospital infusion pharmacy management because it require more skilled nursing facilities. Infusion pharmacy management are covered with government as well as private insurance plan
Infusion Pharmacy Management Market: Drivers and Restraints
Increasing prevalence of pain, cancer and diabetes is the primary factor driving the growth of infusion pharmacy management market. Increasing healthcare infrastructure and technological advancement by leading pharmaceutical companies will boost the growth of infusion pharmacy management market. Infusion medication is more efficient than oral medication which will again upsurge the growth of infusion pharmacy management market. The high cost of infusion pharmacy and lack of availability of skilled professional will hinder the growth of infusion pharmacy management market. Beside that risk in patient safety leads to less adoption of infusion pharmacy will restrain the growth of this market.
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Infusion Pharmacy Management Market: Overview
The infusion pharmacy management market is expected to show robust growth over the forecast period due to rising incidences of chronic diseases. Infusion pharmacy management market is completely depend on the nurses. The nurse proving regular infusion medication to patient needs to be finely trained. The infusion pharmacy management is segmented on the basis of services and end user.
By service type, infusion pharmacy management market is classified as total parenteral nutrition, antibiotics, antifungal, anti-nutrition, pain management. Pain management infusion pharmacy is expected to show fastest growth over the forecast period. Based on end user infusion pharmacy management market is classified as hospital, ambulatory surgical centres, specialty clinics, and homecare settings. Among all end user the hospital segment is expected to be most lucrative over the forecast period.
Infusion Pharmacy Management Market: Regional Overview
Based on geographic region Infusion Pharmacy Management market is classified into seven key regions, North, America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, Middle East and Africa. North America is expected to dominate the infusion pharmacy management market over the forecast period owing to high healthcare infrastructure. After North America, infusion pharmacy management market dominated by Western Europe. Increasing pharmacy management companies in Germany and U.K. will upsurge the growth of infusion pharmacy management market in Europe. In APEJ region, India and China are the major market for infusion pharmacy management due increasing geriatric population Middle East & Africa and Latin America are expected to show least growth for infusion pharmacy management market over the forecast period.
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Infusion Pharmacy Management Market: Key Players
Examples of some of the market participants in Infusion Pharmacy Management market identified across the value chain include Managed Health Care Associates, Inc., Southside Group of Companies, ContinuumRx, Cigna, ARJ Infusion Services, CareCentrix, Inc., MedicoRx.
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Infusion Pharmacy Management Market: Segmentation
The global infusion pharmacy management market is classified on the basis of service, end user and geographic region.
Based on service, infusion pharmacy management market is segmented into following:
- Total Parenteral Nutrition
- Antibiotics
- Antifungal
- Anti-nutrition
- Pain management
- Others
Based on end user, infusion pharmacy management market is segmented into following:
- Hospital
- Ambulatory Surgical Centers
- Specialty Clincs
- Homecare Setting