Intravenous Solutions Market 2022: Industry Drivers, Analysis, Growth, Regions and Forecast by 2027
According to the latest report by IMARC Group, titled “Intravenous Solutions Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on intravenous solutions market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global intravenous solutions market reached a value of US$ 13.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.6 Billion by 2027, exhibiting a CAGR of 5.96% during 2022-2027.
Intravenous solutions represent supplemental fluids that comprise of water, sugar, electrolytes, and medications. They can be categorized into broadly two types, including partial parenteral nutrition and total parenteral nutrition. Intravenous solutions contain carbohydrates, salts, minerals, vitamins, and amino acids and are given to patients according to their age, medical condition, and body size to treat electrolyte balance and restore fluid volume. They are even used in intravenous (IV) therapy to replace electrolyte losses, supply essential nutrients to the intravascular fluid compartment, and administer drugs and blood products. As a result, intravenous solutions find extensive applications in hospitals, clinics, ambulatory surgery centers, and home care settings across the globe.
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Market Trends:
The increasing number of people suffering from diabetes, cancer, gastrointestinal illnesses, and neurological diseases is primarily driving the intravenous solutions market. In addition to this, the growing awareness about the faster response time and higher efficacy of IV solution therapy to overcome chronic dehydration that causes irritability, fatigue, memory problems, and other medical conditions is also positively influencing the market growth. Moreover, the rising participation of individuals in physical activities, owing to escalating health consciousness, and the elevating product usage to improve skin conditions and treat migraines are further catalyzing the global market. Besides this, the introduction of easy-to-use portable product variants by leading market players that can be utilized as drips at home is acting as another significant growth-inducing factor. In line with this, the development of premixed solutions that help reduce the amount of packaging waste, on account of the expanding environmental concerns, is expected to fuel the intravenous solutions market in the coming years.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Ajinomoto Co., Inc.
- Braun Melsungen AG
- Baxter International, Inc.
- Grifols S.A.
- Otsuka Pharmaceutical
Intravenous Solutions Market Segmentation:
Our report has categorized the market based on region, type and nutrients.
Breakup by Type:
- Partial Parenteral Nutrition
- Total Parenteral Nutrition
Breakup by Nutrients:
- Carbohydrates
- Salts and Electrolytes
- Minerals
- Vitamins
- Amino Acids
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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