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Intravenous Solutions Market to Surpass USD 23.96 Billion by 2031 | SkyQuest Technology
SkyQuest Technology Consulting Pvt. Ltd.
6 min read
SkyQuest Technology Consulting Pvt. Ltd.
The global intravenous solutions market is significantly fueled by the rising cases of chronic illnesses, mounting demand for home healthcare, and the ever-growing elderly population. Furthermore, improvements in technologies like infusion devices and an inclination towards sustainable manufacturing and packaging are impacting the market growth.
Westford, USA, Nov. 19, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the Global Intravenous Solutions Market share will reach a value of USD 23.96 Billion by 2031, with a CAGR of 8.0% during the forecast period (2024-2031). The intravenous solutions market growth is expected to be driven by the increasing elderly population and the rising levels of malnutrition in this population. Increasing rates of diseases such as cancer, neurological disorders, and gastrointestinal diseases, in which patients receive most of their energy through intravenous solutions, will also drive the growth of the market. In addition, the rise in R&D projects and release of new products in the intravenous solutions industry will positively drive the market. A significant factor driving the market is that a significant aged population, by virtue of their weakening immunity, is highly susceptible to neurological conditions, cardiovascular illnesses, cancer, and spinal injuries.
Browse in-depth TOC on the "Intravenous Solutions Market"
Pages – 192
Tables – 63
Figures – 70
Intravenous Solutions Market Overview:
Report Coverage
Details
Market Revenue in 2023
USD 12.95 Billion
Estimated Value by 2031
USD 23.96 Billion
Growth Rate
Poised to grow at a CAGR of 8.0%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Product, Nutrients, and Region
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Steady growth driven by healthcare demand
Key Market Opportunities
Growth in outpatient care
Key Market Drivers
Advancements in Medical Technology
Intravenous Solutions Market Segmental Analysis
The Global Intravenous Solutions Market is segmented based on Product, Nutrients, and Region.
Based on Product, the market is divided into Total Parenteral Nutrition and Peripheral Parenteral Nutrition.
Based on Nutrients, the market is divided into Carbohydrates, Vitamins and Minerals, Single Dose Amino Acids, Parenteral Lipid Emulsion, and Others.
Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Total Parenteral Nutrition (TPN) Dominating Market Share Driven by ICU Demand and Nutrient Delivery Efficiency
In the intravenous solutions market forecast, the total parenteral nutrition (TPN) segment comprised the highest share in 2023 at 66.3%, and it's projected to grow at a CAGR of 8.2% from 2024 to 2031. TPN is commonly used in surgical intensive care units and is the primary route for intravenous administration of most nutrients. TPN solutions are most suitable for use in critical care as they are more concentrated than PPN solutions. According to the Society of Critical Care Medicine, more than 5 million patients are admitted to the ICUs every year in the United States.
Rapid Growth of Vitamins and Minerals in Parenteral Nutrition Fueled by Increasing Nutrient Deficiencies and Clinical Needs
The vitamins & minerals segment will attain a CAGR of 9.7% during the period from 2024 to 2031 according to the intravenous solutions market analysis. Vitamins are necessary to maintain mucous membranes, in the production of red blood cells, and in clotting ability of blood. Deficiencies result in chronic mental disorders, pellagra, beriberi, and anemia. Support utilizes enteral or parenteral feeding. Natural substances such as β-carotene, sodium chloride, magnesium, potassium, and phosphorus make up minerals that are essential in regulating metabolic functions. With poor mineral assimilation, these deficiencies compromise bones and the immune system; therefore, they cause fatigue. In this particular instance, PN can be used as a treatment.
North America Leading IV Solutions Market Amidst Strong Reimbursement Structures and High-Profile Companies
Due to the availability of high-profile companies, favorable laws and regulations, and strong reimbursement structures, North America had dominated the intravenous solutions industry in 2023 with a 41.0% share. For instance, Assure Infusions, Inc declared that it would invest USD 20 million to establish a world-class manufacturing facility to manufacture IV solutions from Bartow, Florida in 2022. The firm seeks to bridge the supply-demand gap for IV solutions in the US.
Intravenous Solutions Market Insights
Drivers
Rising Healthcare Expenditure
Emergency Care Demand
Advancements in Medical Technology
Restraints
Risk of Infections
Dependency on Healthcare Infrastructure
Shortage of Raw Materials
Key Players Operating Within the Intravenous Solutions Market
Key Questions Covered in the Global Intravenous Solutions Market Report
What is the duration for which the market analysis has been done?
What strategies are adopted by key players in the market?
Which region accounted for the largest share in 2023?
What are the key intravenous solutions market trends?
What will the size of the market be by 2031?
This report provides the following insights:
Analysis of key drivers (rising healthcare expenditure, advancements in medical technology), restraints (risk of infections, shortage of raw materials) opportunities (growth in outpatient care), and challenges (cost containment pressures) influencing the growth of the intravenous solutions market
Market Penetration: Comprehensive information on the product portfolios offered by the top players in the intravenous solutions market
Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the intravenous solutions market
Market Development: Comprehensive information on lucrative emerging regions
Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market
Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
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