The Rising Use of Infusion Therapy to Boost Growth of the Intravenous Solutions Market
The Intravenous Solutions market is anticipated to witness robust growth owing to rising use of infusion therapy. Intravenous solutions find widespread applications in fluid therapy, nutrition, as well as drug delivery. These include electrolyte replenishment, plasma volume expansion, drug administration, and total parenteral nutrition. Advancements in parenteral nutrition have expanded the indications for intravenous solutions in treating critically-ill or post-surgical patients. The availability of pre-filled intravenous solutions in hospitals and clinics minimize medical errors and optimize workflow.
Global intravenous solutions market is estimated to be valued at USD 11.04 Bn in 2024 and is expected to exhibit a CAGR of 6.1% during the forecast period (2024-2031).
Key Takeaways
Key players operating in the Intravenous Solutions are Amcor plc, Bemis Company Inc. (acquired by Amcor), Sonoco Products Company, Sealed Air Corporation, DS Smith Plc. Amcor plc accounts for over 30% market share in intravenous solutions packaging due to its extensive product portfolio used for manufacturing prefilled intravenous bags and bottles.
The rising incidence of chronic diseases as well as the growing geriatric population susceptible to fluid & electrolyte imbalance augurs well for opportunities in the intravenous solutions market. Moreover, the demand from home healthcare and ambulatory surgical centers are expected to drive the adoption of Intravenous Solutions Market Growth .
Global players are expanding their production facilities across China, India, Brazil to leverage the high growth potential. Regional players are also entering into mergers and acquisitions to strengthen their product portfolio and distribution networks globally.
Market Drivers
The increasing number of surgical procedures and rising cases of chronic diseases such as cancer, cardiac disorders, gastrointestinal disorders are driving the need for intravenous solutions. Furthermore, the growing demand for hydration therapy and rapid fluid replacement during medical emergencies also boost the market growth.
Market Restraints
High costs associated with parenteral nutrition and risks of bloodstream infections may hamper the demand for intravenous solutions. Moreover, stringent regulatory approvals and limited reimbursement policies in developing nations also challenge market growth.
Segment Analysis
The intravenous solutions market is dominated by crystalloids sub-segment with around 60% market share. Crystalloids are widely used as hydrating agents to replenish fluid volume in the blood and tissues mainly during surgical procedures and acute care. They are preferred due to their ability to distribute quickly in extracellular water with minimal metabolic effects compared to colloids. The demand for crystalloids is expected to increase owing to rising volume of surgical procedures, trauma cases, and critical care admissions. Other sub-segments include specific solutions, blood-based solutions, and targeted therapeutic solutions. Specific solutions like dextrose and sodium bicarbonate hold the second largest share.
Global Analysis
North America leads the global intravenous solutions market regional analysis with over 40% share supported by well-developed healthcare infrastructure and availability of advanced medical technologies. Growing surgical volumes and rising prevalence of chronic diseases are increasing the demand for IV therapy in the region. Europe ranks second in terms of revenue owing to increasing healthcare spending and rising adoption of IV medications. Asia Pacific exhibits lucrative opportunities for market players and is projected to witness highest growth during forecast period. Emerging countries like China and India are rapidly augmenting their healthcare facilities along with rising medical tourism which is propelling regional market growth.
Get more insights on Intravenous Solutions Market
About authors
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Known for her strong SEO background, she skillfully blends SEO strategies with insightful content. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163
- Art
- Causes
- Crafts
- Dance
- Drinks
- Film
- Fitness
- Food
- Giochi
- Gardening
- Health
- Home
- Literature
- Music
- Networking
- Altre informazioni
- Party
- Religion
- Shopping
- Sports
- Theater
- Wellness