by The intravenous solutions market comprises life-saving intravenous medication, fluids, and electrolytes administered to patients intravenously. Intravenous solutions provide essential nutrition and hydration to patients suffering from diarrhea, vomiting, and other digestive disorders. They help replace fluid losses due to infection, injury, or surgery and correct electrolyte and nutritional deficiencies in the blood. Intravenous solutions offer accelerated absorption and utilization of nutrients in comparison to oral and enteral routes of administration.
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.
The market offers substantial opportunities for market players in the form of rising healthcare costs, growing aging population susceptible to chronic diseases, and increasing prevalence of cancer, gastrointestinal disorders among others. Market players can capitalize on these opportunities by enhancing their production capacity and distribution network across emerging markets.
Intravenous solutions market size find widespread adoption in home healthcare settings and hospitals worldwide. Leading manufacturers are investing in R&D to launch customized and innovative intravenous solutions to cater to rising demand from healthcare facilities globally. Players are also engaging in partnerships, mergers, and acquisitions for global expansion into high growth regions.
Market Drivers
The global intravenous solutions companies is mainly driven by the increasing prevalence of chronic and life-threatening diseases worldwide. Chronic diseases like cancer, diabetes, neurological disorders that require long-term IV treatment are on the rise. According to WHO, chronic diseases accounted for 73% of all deaths globally in 2020. Furthermore, growing geriatric population vulnerable to impaired digestion and nutrient absorption also boost the need for intravenous supply of nutrition.
PEST Analysis
Political: The government policies regarding healthcare and provisions of medical support impact the demand in this market. Regulation changes in healthcare administration can affect the adoption and demand for intravenous solutions.
Economic: Changes in the global and regional economy affect the spending on healthcare and medical facilities. Economic recessions and slowdowns may negatively impact the demand from healthcare providers.
Social: Growing elderly population and lifestyle diseases fuel the demand for intravenous solutions from healthcare facilities. Higher social awareness about healthcare and medical treatments boost the access and uptake of intravenous therapies.
Technological: Advancements in material science and production technologies help develop enhanced and targeted intravenous solution products. New product innovation and customized solutions catering to specific ailments extend the portfolio options for healthcare providers.
Geographical regions where market in terms of value is concentrated
North America accounts for the largest market share currently, owing to the advanced healthcare infrastructure and availability of medical reimbursement in countries like the United States and Canada. The large patient pool undergoing clinical treatments, surgeries and emergency care sustains the high demand for intravenous solutions in the region.
Fastest growing region for the given market
The Asia Pacific region is expected to grow at the fastest pace during the forecast period. Factors such as increasing medical tourism, rising healthcare expenditures and expanding health insurance coverage are expected to support the growth of the intravenous solutions market in emerging countries of Asia Pacific.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it
About Author - Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
