The Global Intravenous (IV) pole market was valued at $xx Mn in 2020 and is expected to reach $xx Mn by 2027, at a CAGR of xx%.
Market Introduction and Overview
Rising disease prevalence is a major concern globally. There are many diseases leading to significant fluid loss of the body, which causes dehydration. For such cases, Intravenous fluid therapy is the treatment option in order to replace the fluid loss and aid proper functioning of the body, where the most common IV fluids used are NaCl and Glucose. These factors are leading to an increased demand for IV poles. Intravenous (IV) poles are used to hang the bags containing IV fluids, so as to easily administer the fluids in the patient’s body at a given rate.
The growing cancer cases such as lung cancer, pancreatic cancer, and colon cancer are leading to increased chemotherapy sessions where chemotherapy chemicals are suspended into the patient’s body, thus increasing the demand for IV poles. Moreover, the increasing number of surgeries is surging the demand for antibiotics or intravenous drug administration (such as valine and morphine) for effective post-operation pain management. This is also propelling the market growth. The presence of top producers and their technological advancements is an advantage for the market to boost in North America. The rise in the production of special IV poles for children’s wards, ICUs, and surgical areas is fuelling the market.
However, transportation and storage of IV poles are expected to be restraining factors for the Global IV pole market. Also, IV poles made from stainless steel are susceptible to corrosion and are high in price, which is hampering the market growth.
The report contains a detailed analysis of the Strengths, Weaknesses, and opportunities of the key players operating in the Global Intravenous (IV) pole market. It also provides information on current market trends, competitive ranking analysis, regional bifurcation, turnover forecasts, industry drivers, and the key challenges.
The report has profiled fourteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The growing healthcare infrastructure in each region is different and focus is given on the availability of advanced technology and new techniques.
Stainless Steel Segment is dominating the IV Poles Market.
The stainless steel segment dominated the market in 2020 with a share of xx%. The segment is expected to continue its dominance in the forecast period, due to the advantages of stainless steel over other materials. The durability, anti-rust, and lightweight features of these poles are driving up the market growth. Gastrointestinal and neurological disease prevalence is considered the major cause for the segment to grow.
Global Intravenous (IV) pole market
By end-use, the hospital segment is expected to register a CAGR of xx% during the forecast period. Hospitals held a leading revenue share of xx% in the Intravenous (IV) pole market in 2020. Surgeries and other operations are performed majorly in hospitals, due to the availability of all tools and technologies required. Moreover, for intravenous injection, the patient needs to be relaxed in the bed. These factors together are fuelling the segment growth.
The Global Intravenous (IV) pole market is segmented based on-
• 2 Hook Top
• 4 Hook Top
• 6 Hook Top
• 8 Hook Top
• Stainless Steel
• Chrome Plated Steel
• Ambulatory Surgical Centers
Global Intravenous (IV) pole market1
Europe is expected to be the fastest-growing region because of the highly developed infrastructure and availability of skilled professionals for handling the advanced tools. Also, the high number of hospital beds with IV poles is expected to grow the market. The market in Europe continues to attract huge investments from stakeholders and is likely to surpass revenues worth US$ 100 Mn by 2027.
North America accounted for a share of xx% in 2020. Investments by key players in this field have boosted the market growth. The Asia Pacific is also expected to witness significant growth during the forecast period, because of the increasing geriatric population and rising health care expenditures. The allocation of a large amount of healthcare expenditure for hospitals and dispensing medicines to the elderly is expected to drive the market demand.
Key Players operating in the Global IV pole market
• Cardinal Health
• Medline Industries, Inc.
• 3M Company
• Centicare Corporation
• AliMed Inc.
• Mid Central Medical
• A.M.G. Medical Inc.
• Drive DeVilbiss Healthcare
• Alvo Medical
• B. Braun Medical, Inc
• Bellus Medical
The report also helps in understanding Global IV pole market dynamics, structure by analysing the market segments and project Global IV pole market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in Global IV pole market make the report investor’s guide.
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