Infusion therapy involves use of needle or catheter during treatment. This is prescribed to only when patients condition is very serious, that they are not responding to oral medication. In the infusion pharmacy, with the help of the needle or the catheter. In pain management antiviral, antibiotics, antifungal, and nutritional drug are infused in patient’s body with the help of needle or the catheter. Infusion medication system is used in treatment of various types of diseases such as diabetes, cancer, gastrointestinal disorder, and pain management. This treatment can also be given in the home.
Rising incidences of cancer, diabetes, and pain-related diseases across the globe will increase the focus on adoption of infusion pharmacy management system.
Improving healthcare infrastructure and technological advancement by major pharmaceutical companies across the globe. Infusion medication is efficient than oral medication which will support this market.
Infusion pharmacy system is costly and lack of availability of skilled professional for handling such system are some challenging part need to work upon for future development.
Types of infusion pharmacy management are antibiotics, antimicrobial, pain management, enteral nutrition, and others. The pain management infusion pharmacy is majorly used type of infusion pharmacy management.
Infusion pharmacy management system is used across various applications such as hospital & clinic, ambulatory surgical centers and home care. The home care infusion services provided by various organizations such as hospitals, agencies, community pharmacies, and specialized infusion companies.
Home infusion pharmacies offer several services such as infusion therapies, specialty pharmacy services, ambulatory infusion center services, home health nursing, private duty nursing, respiratory equipment and clinical respiratory services, hospice services, home medical equipment and supplies, and enteral products and supplies.
Home care infusion pharmacy management is expensive than hospital infusion pharmacy management because it requires more skill nursing facilities. Governments across various countries taking initiative to cover infusion pharmacy management in government as well as private insurance policies.
The global infusion pharmacy management market valued at US$ XX.X Mn in 2018, and is projected to increase at a significant CAGR of XX.X% over the next 10 years and value at US$ XX.X Mn in 2028.
Well-developed healthcare infrastructure and advancements in medical technologies in countries in North America can lead to increasing demand for infusion pharmacy management to a significant extent. In Europe, increasing presence of pharmacy management companies in Germany and UK will result in high adoption rate in the years to come. In Asia Pacific, technological advancements and increasing geriatric population across various countries in this region will positively support for infusion pharmacy management.
Manufacturers and medical device and service providers rising focus on development of advanced products and services along with technological advancements through strategic mergers and acquisitions in order to enhance their business and improve productivity.
Some of the major players operating and profiled in the global infusion pharmacy management market report include BioScrip, BD, Cigna, Option Care, CVS Health, McKesson, Mediware, OptumRx, Healix, CareCentrix, MedicoRx, Ivenix, ARJ Infusion Services, Brightree, Accredo Health Group, MHA, and ContinuumRx.