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The growth of the global intravenous solutions market is being driven by the rising prevalence of the chronic diseases across the globe. The market value was 13.03 billion in 2023 and it is anticipated to grow at a CAGR of 7.2% during the forecast period of 2024-2032. The global intravenous solutions market is anticipated to achieve a value of USD 24.26 billion by 2032.
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North America, with the bulk of the overall market share, is the dominant market for intravenous solutions. The regional market is being driven by the rapid development of the United States manufacturing capacity owing to a shortage of IV fluids. Moreover, developing countries, including India and China, are increasing their investments in the health sector, which is likely to boost the demand for intravenous solutions. Additionally, manufacturers are implementing new product technologies like offering premixed options for greater convenience and reducing packaging waste.
The development of IV fluids has seen tremendous growth, especially in developed countries. For example, it has been stated that the US Food and Drug Administration (FDA) and other market players are making efforts to alleviate the crisis because of the scarcity of IV saline. In relation to this, Merge, a US-based marketing and development organisation, collaborated with the ground-breaking provider of medical products and services, B. Braun Medical, to launch omnichannel campaign 'Solutions for Life' in May 2020. This programme seeks to ensure an effective supply of IV solutions, approved by the United States FDA.
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Intravenous (IV) solutions refer to a complete mixture of vital nutrients intended to refill fluid losses, treat electrolyte imbalances as well as maintain fluid balance in intravenous therapy. It also provides the patients suffering from diabetes, cancer, and other diseases with the necessary nutrients. Intravenous solutions can contain water incorporated in concentrations with electrolytes, sugar, or medicines, as prescribed by the patient. In accordance with this, these solutions differ in rate and quantity, relying on the patient's medical condition, age, as well as body size.
Based on type, the market can be divided into the following:
On the basis of nutrients, the industry can be segmented as follows:
The regional markets for intravenous solutions include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Owing to unhealthy dietary habits, there has been a rise in disease prevalence, including gastrointestinal disorder, neurological disorders, cancer, and diabetes, which is the main factor contributing to the development of the intravenous solutions market. In fact, since these options are available in compact packets, it is safer for patients to use the drips at the convenience of their home rather than hospitals. In addition, developing countries, including India and China, are increasing their investment in the health sector that is likely to boost the demand for intravenous solutions. Additionally, manufacturers are implementing new product technologies like offering premixed options for greater convenience and reducing packaging waste.
The report gives a detailed analysis of the following companies in the global intravenous solutions market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Nutrients |
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Breakup by Bag Type |
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Breakup by Application |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global intravenous solutions market attained a value of nearly USD 13.03 billion.
The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 24.26 billion by 2032.
The major drivers of the industry, such as unhealthy dietary habits, disease prevalence, including gastrointestinal disorder, neurological disorders, cancer and diabetes, and increasing investments in the health sector, are expected to aid the market growth.
The key market trends guiding the growth of the intravenous solutions market include the launch of new product technologies that offer premixed options for greater convenience and reducing packaging waste.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest market share.
The major types of intravenous solutions in the industry are partial parenteral nutrition and total parenteral nutrition.
The leading nutrients of intravenous solutions are carbohydrates, salts and electrolytes, minerals, vitamins, and amino acids.
The major players in the industry are Ajinomoto Health & Nutrition North America, Inc., B. Braun Medical Inc., ICU Medical, Inc., and Baxter International, Inc., among others.
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