Ambulant infusion plays a crucial role in the management of chronic medical conditions like cancer, cancer-associated pain, hemophilia, immune deficiencies, Crohn’s disease, congestive heart failure, rheumatoid arthritis, multiple sclerosis, dehydration, malnutrition, and chronic inflammatory illnesses. Various institutions, including hospitals, community pharmacies, and home health agencies, offer ambulatory infusion services. This procedure involves delivering diverse medications and fluids intravenously into the bloodstream using needles or catheters.
The global market for ambulatory infusion centers was valued at approximately US$ 47,013.5 million in the year 2020. Forecasts indicate an expected Compound Annual Growth Rate (CAGR) of 9.0% during the projection period spanning from 2020 to 2027.
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The escalating prevalence of cancer is anticipated to be a prime driver for the growth of the global ambulatory infusion center market throughout the forecast phase. A notable example is provided by Our World in Data, an organization dedicated to studying major global health issues. Their data from 2017 revealed that an estimated 9.6 million individuals succumbed to various forms of cancer, contributing to every sixth death worldwide that year.
Moreover, significant companies are anticipated to fuel the expansion of the global ambulatory infusion center market by launching services such as specialized ambulatory infusion centers for chemotherapy. As a case in point, in June 2020, Cedar-Sinai introduced the Samuel Oschin Cancer Center in Los Angeles—a 45,000-square-foot outpatient facility dedicated to providing ambulatory infusion services for patients dealing with cancer.
Major players operating in the global ambulatory infusion center market include Option Care Health, PharmaScript, Cleveland Clinic, Stoughton Health, Coram CVS, Hattiesburg Clinic, UnitedHealth Group, UK HealthCare, CHI Health, PharMerica, Beacon Health System, Inc., Arnot Health, Inc., IVX Health, and Precision Healthcare.
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Global Ambulatory Infusion Center Market and the Impact of COVID-19:
Following the emergence of COVID-19 in December 2019, the disease rapidly spread to more than 100 countries. It was subsequently declared a global public health emergency by the World Health Organization. According to the organization’s report, as of December 3, 2020, over 65.1 million individuals across the world had contracted the coronavirus.
The ambulatory infusion center market suffered adverse effects due to the COVID-19 pandemic, primarily due to the heightened risk of viral transmission during infusion procedures. In response, various academic and research institutions issued safety protocols to minimize the risk of COVID-19 transmission during medication administration through infusion techniques. The American College of Rheumatology, in an April 2020 publication, recommended several safety measures for healthcare professionals performing ambulatory infusion procedures:
– Frequent cleaning and disinfection of facilities using effective disinfectants, adhering to proper contact times.
– Thorough cleaning and disinfection of equipment and high-touch surfaces between each patient use, with special attention to check-in areas and facility surroundings.
– Educating patients about social distancing and hygiene guidelines.
– Modifying waiting areas to ensure social distancing, with chairs placed at least six feet apart, and considering outdoor waiting options.
– Providing readily accessible hand sanitizers in patient care zones.
The Dominance of North America in the Global Ambulatory Infusion Center Market:
North America is expected to maintain a dominant position in the global ambulatory infusion center market over the forecast period. This is attributed to key companies’ endeavors to expand ambulatory infusion service facilities for various conditions, including cancer. An example is the expansion announcement made by Keck Medicine of the University of Southern California’s medical enterprise (USC) in May 2018. This expansion aimed to establish a new ambulatory clinic in Southern California, providing diverse services, including ambulatory infusion, for individuals grappling with disorders like cancer and gastrointestinal issues.
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Table of Contents with Major Points:
Executive Summary
- Introduction
- Key Findings
- Recommendations
- Definitions and Assumptions
Market Overview
- Definition of Ambulatory Infusion Center Market
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Trends and Developments
Key Insights
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Ambulatory Infusion Center Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
Conclusion
Appendix
- Data Sources
- Abbreviations
- Disclaimer
TOC Continued…!
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