In the infusion pharmacy, with the help of the needle or the catheter pain management, antibiotics, antiviral, antifungal, and nutritional drugs 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 an infusion medication system. Infusion pharmacy services can also be given in the home.
The global Infusion Pharmacy Management market is projected to witness growth at a considerable rate in the forthcoming years. 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. According to World Health Organization, the number of people with diabetes rose from 108 million in 1980 to 422 million in 2014. In 2019, an estimated 1.5 million deaths were directly caused by diabetes. As well, Cancer is the second leading cause of death globally, accounting for an estimated 9.6 million deaths, or one in six deaths, in 2018.
Moreover, Increasing healthcare infrastructure and technological advancement by leading pharmaceutical companies will boost the growth of the infusion pharmacy management market significantly in the forecast period. Additionally, infusion medication is more efficient than oral medication which will again upsurge the growth of the infusion pharmacy management market.
On the other hand, factors such as the high cost of infusion pharmacy and lack of availability of skilled professionals are expected to hamper the growth of the Infusion Pharmacy Management market. Additionally, risk in patient safety leads to less adoption of infusion pharmacy will restrain the growth of this market.
Covid-19 Impact on Infusion Pharmacy Management Market:
In addition, the current Infusion Pharmacy Management Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Infusion Pharmacy Management Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Infusion Pharmacy Management Market Segment Overview
Based on service, Pain Management is the fastest-growing segment in the market. Pain Management is a chronic therapy for patients of which oral pain medications are no longer effective. It is prescribed for patients with short-term as well as long-term pain and may be administered IV or subcutaneously. By the end-user, the hospital segment is expected to be most lucrative over the forecast period.
Infusion Pharmacy Management Market, By Service
· Antibiotics
· Anti-Nutrition
· Antifungal
· Pain Management
· Total Parenteral Nutrition
· Others
Infusion Pharmacy Management Market, By End-User
· Ambulatory Surgical Centers
· Home Care Setting
· Hospital
· Specialty Clinics
Infusion Pharmacy Management Market Regional Overview
Region-wise, North America is anticipated to dominate the infusion pharmacy management market over the forecast period. This can be attributed to the high healthcare infrastructure in this region. Similarly, the European market is projected to grow at the fastest rate in the coming years. Increasing pharmacy management companies in Germany and U.K. will upsurge the growth of the infusion pharmacy management market in Europe. The Asia Pacific is expected to register the fastest growth during the forecast period. Countries such as India and China are the major market for infusion pharmacy management due to the increasing geriatric population. Beyond this, the Middle East & Africa, and Latin America are expected to show the least growth for the infusion pharmacy management market over the forecast period.
Infusion Pharmacy Management Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Infusion Pharmacy Management Market Competitor overview
Some key developments and strategies adopted by manufacturers in Infusion Pharmacy Management are highlighted below.
· In July 2021, BioMatrix Specialty Pharmacy has acquired InfuCare. This acquisition is a strategic plan of the company to expand infusion services and increase access to covered lives. With complimentary core competencies and shared values of exceptional patient care, together they will improve health and shape a more promising future for the patients they serve.
Infusion Pharmacy Management Market, Key Players
· Managed Health Care Associates, Inc.
· Southside Group of Companies
· ContinuumRx
· Cigna
· ARJ Infusion Services
· CareCentrix, Inc.
· MedicoRx.
· BioScrip
· BD
· Option Care
· CVS Health
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Infusion Pharmacy Management Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Service
- 5.2.1. Antibiotics
- 5.2.2. Anti-Nutrition
- 5.2.3. Antifungal
- 5.2.4. Pain Management
- 5.2.5. Total Parenteral Nutrition
- 5.2.6. Others
- 5.3. Market Analysis, Insights and Forecast – By End-User
- 5.3.1. Ambulatory Surgical Centers
- 5.3.2. Home Care Setting
- 5.3.3. Hospital
- 5.3.4. Specialty Clinics
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Infusion Pharmacy Management Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Service
- 6.2.1. Antibiotics
- 6.2.2. Anti-Nutrition
- 6.2.3. Antifungal
- 6.2.4. Pain Management
- 6.2.5. Total Parenteral Nutrition
- 6.2.6. Others
- 6.3. Market Analysis, Insights and Forecast – By End-User
- 6.3.1. Ambulatory Surgical Centers
- 6.3.2. Home Care Setting
- 6.3.3. Hospital
- 6.3.4. Specialty Clinics
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Infusion Pharmacy Management Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Service
- 7.2.1. Antibiotics
- 7.2.2. Anti-Nutrition
- 7.2.3. Antifungal
- 7.2.4. Pain Management
- 7.2.5. Total Parenteral Nutrition
- 7.2.6. Others
- 7.3. Market Analysis, Insights and Forecast – By End-User
- 7.3.1. Ambulatory Surgical Centers
- 7.3.2. Home Care Setting
- 7.3.3. Hospital
- 7.3.4. Specialty Clinics
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Infusion Pharmacy Management Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Service
- 8.2.1. Antibiotics
- 8.2.2. Anti-Nutrition
- 8.2.3. Antifungal
- 8.2.4. Pain Management
- 8.2.5. Total Parenteral Nutrition
- 8.2.6. Others
- 8.3. Market Analysis, Insights and Forecast – By End-User
- 8.3.1. Ambulatory Surgical Centers
- 8.3.2. Home Care Setting
- 8.3.3. Hospital
- 8.3.4. Specialty Clinics
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Infusion Pharmacy Management Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Service
- 9.2.1. Antibiotics
- 9.2.2. Anti-Nutrition
- 9.2.3. Antifungal
- 9.2.4. Pain Management
- 9.2.5. Total Parenteral Nutrition
- 9.2.6. Others
- 9.3. Market Analysis, Insights and Forecast – By End-User
- 9.3.1. Ambulatory Surgical Centers
- 9.3.2. Home Care Setting
- 9.3.3. Hospital
- 9.3.4. Specialty Clinics
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Managed Health Care Associates, Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Southside Group of Companies
- 10.6. ContinuumRx
- 10.7. Cigna
- 10.8. ARJ Infusion Services
- 10.9. CareCentrix, Inc.
- 10.10. MedicoRx.
- 10.11. BioScrip
- 10.12. BD
- 10.13. Option Care
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
