Intravenous Solutions Market Overview
The Intravenous Solutions Market has gained a great value and is soon expected to increase more with a CAGR of 7.69% in the forecast timeline of 2021 to 2028. Intravenous solutions are an effective liquid that can work as a replacement for sugar, water and salt which often is needed during certain illnesses and therapy. People suffering from dysphagia often find it difficult to swallow certain liquids and food. The nutritional intake of these people depends more on the overall administration which is done from the IV solution. Such a solution can help in meeting the rehydration level once the person gets dehydrated from a certain illness. This type of solution is also helpful in treating different infections as it can be used in antibiotics. In the cancer treatment as well, it is used during chemotherapy drugs depending on the IV solutions utility. However, such diseases are treated with medications and IV solutions.
With the increase of Covid 19 across the globe, there has been a considerable shortage of essential medical needs and types of equipment during the pandemic crises. This has affected many manufacturing areas and shipments that had the medical supplies done on regular basis intentionally. The disruption of the supply chain had been the primary consequence of the pandemic increases. To a certain extent, the IV solutions demand also depends on the supply chain at the global level along with raw material availability.
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Intravenous Solutions Market Segmentation
The Market segment of The Intravenous (IV) Solutions is based on the bag type, nutrition type and even the end-user and nutritional content.
- Nutrition Type:
The market based on nutrition type is bifurcated in total parenteral nutrition and peripheral parenteral nutrition. In this, the segment of total parenteral nutrition had the largest market share of 65.76% in 2020
- Bag Type:
Depending on the bag type, the IV solution market is categorized into different small volume bags (<250 ml) and huge volume bags (>250 ml). In this, the segment of volume bag segment had the largest market share of 60.18% in 2020.
- Nutritional Content:
Based on the nutrition content, the IV solution market is categorized into different parts like vitamins & minerals, carbohydrates, amino acid solution, and parenteral lipid emulsion to name some.
Here the segregation is done in ambulatory surgical centres, hospitals & clinics, and home care. This hospitals & clinics segment had a large market share in 2020.
Intravenous Solutions Market Regional Classification
- Based on the region, North America has dominated the Intravenous solutions market due to major manufacturers’ presence.
- Europe also has a substantial share in this market which comes with a CAGR of 6.99% in the forecast span.
- Asia-Pacific has done the anticipation registering the high growth rate in the timeline from 2021 to 2028 due to constant expansion of the population base and cost-benefit.
Top Key Players in the market are Baxter International Inc. (US), Fresenius SE & Co. KGaA (Germany), Braun Melsungen AG (Germany), ICU Medical, Inc. (US), Pfizer Inc. (US), Grifols S.A. (Spain), Terumo Medical Corporation (Japan)
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ENEFLUID injection was launched in November 2020 by Otsuka Pharmaceuticals which is the first peripheral parenteral nutrition solution that offers water-soluble vitamins.
In March 2018, Grifols, S.A and Henry Schein (the US signed up a distribution agreement for marketing and distributing Grifol’s 500mL Normal Saline.
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