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 outlook. 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 (IV) solutions are fluids that consist of water, electrolytes, sugar, and medications. They can be administered directly into the bloodstream via a vein. At present, they are widely used to provide nutrients to patients suffering from cancer, diabetes, and other diseases.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Intravenous Solutions Market Trends:
The global market is primarily driven by the rising prevalence of chronic diseases, such as cancer, diabetes, neurological and gastrointestinal due to unhealthy lifestyles. Furthermore, significant growth in the healthcare sector has positively influenced market growth across the globe. Along with this, continual product innovations by key players, such as the introduction of premixed IV solutions, have created a positive outlook for the market. Moreover, the increasing cases of malnutrition, especially among the geriatric population, have provided a thrust to the market growth. Additionally, the rapid outbreak of the coronavirus disease (COVID-19) has led to a sudden increase in the demand for IV solutions to provide essential nutrients to patients.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Braun Melsungen
- Baxter International Inc.
- Otsuka Pharmaceutical
Intravenous Solutions Market Segmentation:
Our report has categorized the market based on region, type and nutrients.
Market Breakup by Type:
- Partial Parenteral Nutrition
- Total Parenteral Nutrition
Market Breakup by Nutrients:
- Salts and Electrolytes
- Amino Acids
Market 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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