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Rise in prevalence of malnutrition, faster response time, and high efficacy associated with intravenous solution therapy have boosted the growth of the global intravenous solutions market.
PORTLAND, Ore., Aug. 22, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, "Intravenous Solutions Market by Type (Partial Parenteral Nutrition, Total Parenteral Nutrition), by Composition (Carbohydrates, Vitamins and Minerals, Single Dose Amino Acids, Parenteral Lipid Emulsion, Others), by End Users (Hospitals and Clinics, Ambulatory Surgery Centers, Home care settings): Global Opportunity Analysis and Industry Forecast, 2021-2031". As per the report, the global intravenous solutions industry accounted for $11.85 billion in 2021, and is expected to reach $26.55 billion by 2031, growing at a CAGR of 8.3% from 2022 to 2031. The report provides an in-depth analysis of changing market trends, key investment pockets, top segments, regional landscape, value chain, and competitive scenario.
Download Report (245 Pages PDF with Insights, Charts, Tables, Figures): https://www.alliedmarketresearch.com/request-sample/17466
Major determinants of the market growth
Rise in prevalence of malnutrition, faster response time, and high efficacy associated with intravenous solution therapy have boosted the growth of the global intravenous solutions market. However, lack of experienced healthcare professionals and complications of intravenous administration therapy hinder the market growth. On the contrary, potential in developing countries is expected to open new opportunities in the future.
The total parental nutrition segment dominated the market growth
By type, the total parental nutrition segment held the largest share in 2021, accounting for nearly two-thirds of the global intravenous solutions market, and is estimated to dominate the market throughout the forecast period, owing to increase in the use of total parenteral nutrition. However, the partial parenteral nutrition segment is expected to register the highest CAGR of 9.1% during the forecast period, owing to new product launches and increase in the demand of its products.
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The vitamins and minerals segment to manifest the highest CAGR through 2031
By composition, the vitamins and minerals segment is expected to register the highest CAGR of 9.9% during the forecast period, die to increase in geriatric population, surge in technological advancements, and rise in efficacy and advantages of vitamins and mineral preparations. However, the single dose amino acids segment held the largest share in 2021, contributing to more than one-fourth of the global intravenous solutions market, and is projected to continue its dominance during the forecast period. This is due to increase in number of patients of cancer.
The hospitals and clinics segment held the lion’s share
By end users, the hospitals and clinics segment dominated the market in 2021, accounting for more than two-fifths of the global intravenous solutions market, and is expected to continue its dominance from 2022 to 2031. This is due to increase in number of hospitals and clinics and increase in the prevalence of metabolic problems. However, the home care settings segment is estimated to showcase the highest CAGR of 9.2% during the forecast period, owing to increase in geriatric population.
Europe held the largest share
By region, the global intravenous solutions market across Europe dominated the market in 2021, holding nearly one-third of the market, and is expected to dominate in terms of revenue during the forecast period. This is due to presence of large patient population, strong presence of key players, ease of drug availability, well developed healthcare infrastructure, favorable reimbursement policies in healthcare system. However, the market across Asia-Pacific is expected to register the highest CAGR of 9.3% during the forecast period, due to increase in number of cancer affected population and rise in awareness related to different cancers.
Major market players
The report analyzes these key players of the global intravenous solutions market. These companies have adopted several strategies such as expansion, partnerships, new product launches, collaborations, and mergers & acquisitions to maintain their foothold in the industry. In addition, the report is essential in determining the business performance, product portfolio, operating segments, and developments by every market player.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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