According to a study report published by Market Research Future (MRFR), the global intravenous solutions market for is poised to grow at a CAGR of 7.69% from 2016 to 2022 (forecast period). It can attain a valuation of USD 11,511.2 Mn by 2022. Intravenous (IV) therapy involves the infusion of therapeutic solution into the vein, and it is ideal for patients suffering from nutrition deficiency or severe dehydration. IV therapy is used to treat electrolyte imbalances, deliver medications, transfuse blood or correct dehydration and might also be used for chemotherapy. Intravenous therapy is widely believed to be more effective than oral ingestion. Intravenous fluids are manufactured by pharmaceutical companies and their use and demand is increasing gradually.
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The factors which drive the market for intravenous (IV) solutions are cost-effectiveness, increasing prevalence of chronic diseases, the rise of cholera, and growing acceptance of vitamin C intravenous for colorectal cancer, rise in geriatric population, increase in number of dialysis patients, expanding healthcare expenditure and increasing government endorsement. Successive changes in regulatory authorities’ reimbursement policies have motivated hospitals to explore different methods of administering drugs through the intravenous process. Growing adoption of intravenous solutions has spurred the growth of the market, and it is expected that the market will advance with high growth rate, however, stringent government regulations might hinder the growth of the market. IV solutions are manufactured under very rigorous guidelines to ensure patient safety. Increasing vitamin C intravenous therapy prices might also hamper the growth.
The global intravenous (IV) solutions market has been segmented based on type, nutritional content and end-user. By type, the market has been segmented into total parenteral solution and peripheral parenteral solution. According to MRFR analysis, by type, total parenteral nutrition (TPN) held the maximum market share of the IV solutions market and had attained USD 4,940.0 million in 2016. By nutritional content, the market has been segmented into amino acid solutions, vitamins & minerals, parenteral lipid emulsion, carbohydrates and others. The amino acid solution segment held the maximum market share and had attained USD 2,385.0 million in 2016. By end-users, the market has been segmented into hospitals & clinics, homecare and ambulatory.
The key markets of the global intravenous (IV) solutions market include North America, Europe, Asia-pacific and the Middle East & Africa. The IV solutions market in North America holds the most significant share of the market and it attained USD 4,276.5 million in 2016. The growth can be attributed to the high adoption of IV therapy and high prevalence of chronic diseases in the region.
The Asia-Pacific market is projected to garner a CAGR of 8.34% during the forecast period. The region is expected to be the fastest growing market owing to increasing health awareness about infusion, increasing government focus on IV therapy and rising per capita income. The Middle East and Africa region offer potential export opportunities for local producers, but the market is relatively smaller compared to other regions.
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The global intravenous solutions market is experiencing a period of competition and innovation. To stay competitive, the industry participants are broadening their product lines, entering into mergers, partnerships, implementing strategies such as collaborations and acquisitions, which in turn is further driving the market. The eminent market players include ICU Medical, Inc. (U.S.), Fresenius Kabi AG (Germany), Amanta Healthcare (India), Grifols S.A. (Spain), B. Braun Melsungen AG (Germany), Baxter (U.S.), Terumo Medical Corporation (Tokyo), and others.
In May 2018, JW Holdings, a Korean company, announced export deals with Brazil-based Sif Participacoe and India’s Alniche Lifescience. In the five year contract, the company will be exporting IV solutions and five other medications.
Major TOC of Intravenous (IV) Solution Market Research Report- Global Forecast to 2022:
1 REPORT PROLOGUE
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
5 MARKET FACTOR ANALYSIS
6 GLOBAL IV SOLUTION MARKET, BY TYPES
7 GLOBAL IV SOLUTION MARKET, BY NUTRITIONAL CONTENT
8 GLOBAL IV SOLUTION MARKET, BY END USERS
9 GLOBAL IV SOLUTION MARKET, BY REGIONS
10 COMPANY SHARE ANALYSIS
11 COMPANY PROFILES
12 MRFR CONCLUSION
Key Topics Covered In Intravenous Solution Market Research Report:
What will the market size and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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