Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Accordi

Ambulatory Infusion Center Market to reach US$ 47,013.5 million by 2022, exhibiting a CAGR of 9.0%

 

Ambulatory Infusion Center Market
Ambulatory Infusion Center Market 


Market Overview:
The global Ambulatory Infusion Center Market is estimated to be valued at US$ 47,013.5 million in 2020 and is expected to reach US$ 47,013.5 million by 2022, exhibiting a CAGR of 9.0% over the forecast period (2020-2027). Ambulatory infusion centers provide various medical services, including infusion therapy, blood transfusion, and pain management. These centers offer numerous advantages such as convenience, reduced hospital stays, cost-effectiveness, and personalized patient care. The need for ambulatory infusion centers has grown due to the rising prevalence of chronic diseases, increasing demand for advanced healthcare facilities, and the shift towards value-based care.

Market Key Trends:
One key trend in the Ambulatory Infusion Center Market is the growing preference for home-based infusion therapy. Home-based infusion therapy allows patients to receive necessary medications in the comfort of their own homes, reducing healthcare costs and improving patient satisfaction. The increasing aging population, rising prevalence of chronic diseases, and advancements in medical technology have facilitated the growth of home-based infusion therapy. This trend is transforming the healthcare landscape by encouraging the development of innovative solutions and expanding the reach of healthcare services to patients' homes. Companies in the market are investing in technologies and services that support home-based infusion therapy, resulting in improved patient outcomes and reduced healthcare burden.

Segment Analysis:
The Ambulatory Infusion Center market can be segmented based on the type of therapy, which includes chemotherapy, antibiotic therapy, pain management, hydration therapy, and others. Among these segments, chemotherapy is expected to dominate the market during the forecast period. This can be attributed to the increasing incidence of cancer globally and the growing need for chemotherapy treatment. According to the World Health Organization (WHO), cancer is one of the leading causes of death worldwide, accounting for 9.6 million deaths in 2018. The demand for ambulatory infusion centers for chemotherapy treatment is expected to rise significantly as they offer convenience, reduced healthcare costs, and personalized care.

Key Takeaways:

Market size: The global Ambulatory Infusion Center market is expected to witness high growth, exhibiting a CAGR of 9.0% over the forecast period. The market was valued at US$ 47,013.5 million in 2020. This growth can be attributed to various factors such as the increasing prevalence of chronic diseases, advancements in healthcare technology, and the rising demand for outpatient care.

Regional analysis: North America is expected to be the fastest-growing and dominating region in the Ambulatory Infusion Center market. This can be attributed to the well-established healthcare infrastructure, high adoption of advanced technologies, and the presence of key market players in the region. Additionally, factors such as the increasing prevalence of cancer and the rising demand for efficient and cost-effective healthcare services are driving the growth of the market in North America.

Key players: Key players operating in the 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. These players are focusing on strategic partnerships, acquisitions, and product launches to strengthen their market presence and expand their product portfolios. Additionally, they are investing in research and development activities to develop innovative solutions and gain a competitive edge in the market.

Read More:

https://www.ukwebwire.com/ambulatory-infusion-center-market-growing-demand-for-outpatient-infusion-services-drives-market-growth/

 



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