by Large Paragraph: An ambulatory infusion center provides intravenous therapy to patients on an outpatient basis at designated facilities. Ambulatory infusion centers offer a wide range of therapies and services including chemotherapy, hydration, pain management, antibiotic treatment, and other clinical drug administrations. These centers deliver efficient and cost-effective treatment in a comfortable setting while allowing patients to continue with their daily routine. The facilities are equipped with trained staff, private rooms, comfortable recliners, flat-screen TVs, Wi-Fi, and food services. The global ambulatory infusion center market is estimated to be valued at US$ 60883.85 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The growing geriatric population susceptible to chronic diseases is expected to drive the ambulatory infusion center market over the forecast period. As per the World Health Organization, the number of people aged 60 years and older is expected to nearly double from 12% to 22% by 2050 which will significantly increase the incidence of chronic conditions globally. Ambulatory infusion centers provide comfort and convenience to elderly patients by allowing them to receive treatment close to their homes while continuing with daily activities. Thus, the rising prevalence of diseases among aging population will propel the demand for outpatient infusion services and clinics. Besides, growing preference of patients towards outpatient care over conventional inpatient treatment will also boost the market growth over the coming years. Ambulatory infusion therapy helps to reduce healthcare costs by minimizing hospital stays and provides flexibility to patients. Moreover, the increasing adoption of advanced technologies for infusion therapy will spur opportunities for ambulatory infusion centers market. However, high costs associated with outpatient infusion centers and therapies may limit market expansion.
Segment Analysis
The Global Ambulatory Infusion Center Market Size is segmented based on type, application, and region. Based on type, the market is divided into peripheral infusion therapy, pain management infusion services, chemotherapy infusion services, and others. The peripheral infusion therapy segment currently dominates the market and is expected to continue its dominance over the forecast period owing to the growing incidence of chronic diseases like diabetes that require infusion therapies like insulin injections.
PEST Analysis
Political: Government initiatives to promote cost-effective day surgery and outpatient care are driving the growth of ambulatory infusion centers.
Economic: Lower treatment costs compared to inpatient care attract more patients to ambulatory infusion centers, fueling market growth.
Social: Preference for convenient and flexible outpatient treatments is increasing among patients.
Technological: Advancements in infusion therapies and growing popularity of home infusion are expected to bring new opportunities.
Key Takeaways
The global ambulatory infusion center market is expected to witness high growth over the forecast period of 2023 to 2030 supported by the rising geriatric population and growing prevalence of chronic diseases.
Regional analysis: The North American regional market is expected to continue dominating over the forecast period supported by growing aging population, increasing prevalence of chronic diseases, and favorable reimbursement policies promoting ASCs.
Key players operating in the ambulatory infusion center market are Johnson & Johnson (DePuy Synthes), Medtronic plc, Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew plc, NuVasive, Inc., Globus Medical, Inc., Wright Medical Group N.V., Arthrex, Inc., DJO Global, Inc., Össur hf., CONMED Corporation, Breg, Inc., Orthofix Medical Inc., Bioventus LLC. Key players are focusing on product launches and partnerships with healthcare facilities to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
