Industry Insight
Global Intravenous (IV) Solution Market’s new phase is likely to be the fast move as the demand increased the role of the market evolves. Many markets are evolving after the deadly effect of COVID 19 at a rapid pace, and at the same pace, Global Intravenous (IV) Solution Market 2020 is rising. Market Research Future offers the latest published report delivering key insights and providing a competitive advantage to clients through a detailed report. The information reveals that at a growth rate of 7.69%, it is anticipated to achieve revenue of USD 11,511.2 Million by the year 2022. The forecast period is calculated to be from 2014 to 2022.
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Intravenous (IV) Solution Growth Boosters & Decliners
Intravenous (IV) solutions, also popularly known as intravenous fluids, are given to a patient to provide salt, sugar, and water directly into the venous circulation. It is mainly required when an individual is ill, going through an operation, or is not in the condition to eat or drink. IV solutions and electrolytes that are mainly used for routine maintenance, fluid resuscitation, redistribution, and replacement. Currently, intravenous drugs, nutrition, and fluids have become an essential part of modern therapy.
Over the past few years, the commonness of hectic work schedules and unhealthy lifestyles has surged across the globe. The resulting decline in physical activity and accurate nutrition has led to the mount in the occurrence of chronic diseases, which in turn, has thrust the demand for intravenous solutions.
Besides, there have been momentous growth in the production of IV fluids, mainly in developed countries. In the case of point, a report stated that owing to the shortage of IV saline, the US Food and Drug Administration (FDA) and more market players have been continuously-making efforts to alleviate the crisis. With this, the US-based marketing and technology company, Merge, collaborated with the pioneering medical products and services provider, B. Braun Medical, to introduce the ‘Solutions for Life’ omnichannel campaign in May 2019. Such an initiative is aimed to ensure a consistent supply of IV solutions that are approved by the US FDA, worldwide. Depending on these factors, the market is anticipated to expand at a rapid pace during the forecast period.
Intravenous (IV) Solution MarketSegment Review
From the segmentation viewpoint, by types, the market has included peripheral parenteral nutrition and total parenteral nutrition.
By the segment of nutritional content, the market has included carbohydrates, amino acid solution, parenteral lipid emulsion, vitamins & minerals, and other solutions.
By the segment of end-users, the market has classified ambulatory, hospital & clinics, and home care. The hospital & clinic segment grabbed a market value of USD 3111 million in the year 2016.
Intravenous (IV) Solution Market Regional Framework
The global intravenous (IV) solution market, regionally has studied in Europe, North America, Asia-Pacific, and the Middle East & Africa.
Among these regions, North America currently dominates the market of IV solutions in the healthcare industry, mainly from the US and Canada. The towering growth in this region is attributed to factors such as sky-scraping IV consumption number, that is around 750 units of normal saline are utilized every minute in this region.
Europe currently grabbed the second largest market share of the IV solutions industry. The market is growing in this region owing to the factors such as growing volume sales of IV solutions. It is the rising European aging population and the corresponding growth of the patient pool, which is shooting the growth range of the market.
The Healthcare industry is hastily shifting to Asia-Pacific. The significant factors for this include incessantly expanding population base along with the cost advantage, growing private funds, the emergence of high-quality and better healthcare infrastructure, and institutions in these countries and government initiatives in the region. Moreover, in the Asia-Pacific region, Australia grabbed a market share of 10.4% in the year 2016.
The Middle East & Africa acquire the buck market share. High health expenditure, Surging healthcare costs, chronic diseases, and a massive population for better health management have accounted for 90% of overall deaths.
In the last, countries in the Middle East and North African regions recommend potential export opportunities for the local producers, which have the potential to compel the growth of this market in this region in the future.
Intravenous (IV) Solution Market Vendors Landscape
The prominent vendors in the global intravenous (IV) solution market are Fresenius Kabi AG (Germany), Baxter (US), ICU Medical, Inc. (US), B. Braun Melsungen AG (Germany), SA (Spain), Grifols, Amanta Healthcare (India) and Terumo Corporation (Japan).
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