Summary
The global intravenous solutions market size reached US$ 14.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 23.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032. The increasing prevalence of chronic diseases, rising geriatric population, rapid technological advancements, increasing expansion of healthcare facilities, imposition of supportive policies by governments and regulatory bodies, and rising shift towards home healthcare are some of the major factors propelling the market.
Intravenous (IV) solutions refer to sterile liquids used to administer fluids directly into a patient's bloodstream. It includes isotonic, hypertonic, and hypotonic solutions, catering to different medical needs. They are produced using various ingredients, such as water, electrolytes, sugars, vitamins, and medications. IV solutions are widely used in hydration therapy, nutritional support, medication delivery, blood transfusion, chemotherapy, pain management, correcting electrolyte imbalances, and detoxification treatments. They offer several benefits, such as controlled administration, reduced digestive system impact, tailored nutrient delivery, direct bloodstream access, and enhanced recovery support.
The rapid expansion of healthcare facilities, such as hospitals, clinics, and specialized care centers, which are generating more opportunities for IV treatments, is propelling the market growth. Additionally, the imposition of supportive policies by governments and regulatory bodies to ensure the availability of high-quality intravenous solutions across healthcare facilities is positively influencing the market growth. Furthermore, the growing demand for IV solutions in emergency scenarios and surgical procedures is contributing to the market growth. Apart from this, the increasing shift towards home healthcare, where patients receive treatment in their own homes, is facilitating the demand for specialized IV solutions. Besides this, the rising product application in treating a large number of patients quickly during global health emergencies, such as pandemics, is catalyzing the market growth.
Intravenous Solutions Market Trends/Drivers:
The increasing prevalence of disease
The heightened prevalence of chronic diseases, such as diabetes, cardiovascular ailments, cancer, and acute conditions, which necessitate IV treatments, is a prominent factor propelling the market growth. Furthermore, emerging global trends, such as lifestyle changes, environmental factors, and genetic predispositions, which lead to an increase in chronic conditions, are acting as another growth-inducing factor. Additionally, several chronic and acute illnesses require direct administration of fluids, nutrients, or medications into the bloodstream. In line with this, IV solutions facilitate precise delivery of essential nutrients and medication and ensure quick patient recovery. In addition, they also enable faster, more controlled care, particularly in critical situations.
The rising geriatric population
The rising geriatric population is contributing significantly to the growth of the IV solutions market. The high susceptibility of the aging population to various health issues and chronic conditions, which often require complex medical interventions, including IV therapy, is propelling the market growth. Furthermore, the presence of a weaker immune system, reduced organ functionality, and other age-related physiological changes that make geriatric individuals more prone to infections and diseases are facilitating the market growth. In line with this, IV solutions are vital in providing essential hydration, nutrients, and medications, ensuring that the treatments are targeted and efficient. Moreover, the widespread utilization of IV solutions to restore imbalance in electrolytes, such as sodium, potassium, calcium, and magnesium, is acting as another growth-inducing factor.
The rapid technological advancements
Technological advancements in medical care and the production of IV solutions are contributing to the market growth. In line with this, new technologies are enabling the formulation of more specialized solutions, catering to specific patient needs, and enhancing the efficiency and safety of IV therapies. Furthermore, the recent innovations in infusion pumps and delivery systems, which allow healthcare providers to administer treatments with greater precision and control, are positively influencing the market growth. Additionally, technological breakthroughs in monitoring and managing IV therapies to lower the risk of complications and improve patient outcomes are acting as another growth-inducing factor. Moreover, extensive research and development (R&D) efforts focusing on biocompatibility, personalized treatment plans, and integrating technology, such as artificial intelligence (AI), to augment care are supporting the market growth.
Intravenous Solutions Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global intravenous solutions market report, along with forecasts at the global and regional levels from 2024-2032. Our report has categorized the market based on type and nutrients.
Breakup by Type:
Partial Parenteral Nutrition
Total Parenteral Nutrition
Total parenteral nutrition dominates the market
The report has provided a detailed breakup and analysis of the market based on type. This includes partial parenteral nutrition and total parenteral nutrition. According to the report, total parenteral nutrition represented the largest segment.
Total parenteral nutrition (TPN) is dominating the market as it is used to fulfill all the nutritional requirements of patients who cannot eat or absorb enough food through regular digestive means. Additionally, it finds extensive applications across various medical fields, including oncology, gastroenterology, and intensive care units (ICUs). Furthermore, the rising number of chronic conditions, such as cancer and gastrointestinal diseases, that necessitate the use of TPN for nutritional support is propelling the market growth. Apart from this, increasing utilization of TPN to meet the nutritional needs of patients undergoing major surgical procedures is catalyzing the market growth. Moreover, the recent improvements in TPN formulation and administration technology, ensuring safer and more personalized nutrition support, are strengthening the market growth.
Breakup by Nutrients:
Carbohydrates
Salts and Electrolytes
Minerals
Vitamins
Amino Acids
A detailed breakup and analysis of the market based on the nutrients has also been provided in the report. This includes carbohydrates, salts and electrolytes, minerals, vitamins, and amino acids.
Carbohydrates serve as a primary energy source for the human body. They are essential in providing immediate energy, particularly for patients unable to consume food orally. In addition, they are used by all cells in the body, which makes them suitable for a diverse range of patients, irrespective of their specific conditions. Furthermore, carbohydrates can be easily administered through IV solutions, allowing for controlled delivery.
Minerals, such as magnesium, calcium, potassium, and sodium, play critical roles in maintaining various bodily functions, including muscle contraction, nerve transmission, and maintaining fluid balance. Furthermore, IV solutions with specific mineral compositions are essential in correcting electrolyte imbalance, restoring normal cellular function, and stabilizing the patient. Apart from this, minerals are utilized in various medical scenarios, from emergency care to post-operative recovery and chronic disease management.
Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
North America exhibits a clear dominance, accounting for the largest intravenous solutions market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. According to the report, North America accounted for the largest market share.
North America hosts one of the world's most advanced healthcare systems comprising state-of-the-art medical facilities equipped with cutting-edge technology that is fostering a conducive environment for the utilization of IV solutions. Additionally, the region's healthcare spending is among the highest globally, enabling greater access to quality medical care, including treatments requiring intravenous solutions. Furthermore, the implementation of a comprehensive regulatory framework by the regional governments to ensure that IV solutions meet strict quality and safety standards is boosting the market growth. Apart from this, the high prevalence of chronic conditions like diabetes, heart disease, and cancer, which necessitates regular medical interventions, is acting as another growth-inducing factor. Besides this, North America has a strong network of universities, research institutions, and pharmaceutical companies that are actively investing in developing new intravenous solutions and improving existing ones.
Competitive Landscape:
The major players are focusing on creating advanced intravenous products, such as the formulation of new solutions with improved efficiency, the integration of innovative technologies like smart infusion pumps, and the development of personalized therapies. In addition, they are expanding their reach into these regions by setting up new manufacturing facilities, partnering with local distributors, and adapting products to meet specific regional needs. Furthermore, leading companies are engaging in mergers and acquisitions to diversify their product portfolios, leverage synergies, and expand their geographical presence. Moreover, they are placing strong emphasis on quality control and regulatory compliance to ensure that their products meet all relevant safety and efficacy standards. Besides this, top companies in the IV solutions market are focusing on environmentally responsible manufacturing processes and materials by reducing waste and energy consumption and using sustainable resources.
The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
Ajinomoto Co., Inc.
B. Braun Melsungen AG
Baxter International, Inc.
Grifols S.A.
Otsuka Pharmaceutical.
Recent Developments:
In February 2022, B. Braun Medical has obtained approval from the U.S. Food and Drug Administration to commence activities at its recently established manufacturing facility for IV saline solutions located in Daytona Beach, Florida.
In July 2021, Grifols S.A. announced the establishment of an intravenous (IV) solutions production plant in Nigeria.
In March 2022, Otsuka Pharmaceutical. received regulatory approval in Japan for the sale of SAMTASU intravenous infusion for treating cardiac edema.
Key Questions Answered in This Report
1. What is the expected growth rate of the global intravenous solutions market during 2024-2032?
2. What are the key factors driving the global intravenous solutions market?
3. What has been the impact of COVID-19 on the global intravenous solutions market?
4. What is the breakup of the global intravenous solutions market based on the type?
5. What is the breakup of the global intravenous solutions market based on the nutrients?
6. What are the key regions in the global intravenous solutions market?
7. Who are the key players/companies in the global intravenous solutions market?
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Table of Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Intravenous Solutions Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Nutrients
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 Market Breakup by Type
6.1 Partial Parenteral Nutrition
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Total Parenteral Nutrition
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Nutrients
7.1 Carbohydrates
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Salts and Electrolytes
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Minerals
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Vitamins
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Amino Acids
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Europe
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Asia Pacific
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 Intravenous Solutions Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Ajinomoto
10.3.1.1 Company Overview
10.3.1.2 Description
10.3.1.3 Product Portfolio
10.3.1.4 Financials
10.3.1.5 SWOT Analysis
10.3.2 B. Braun Melsungen
10.3.2.1 Company Overview
10.3.2.2 Description
10.3.2.3 Product Portfolio
10.3.2.4 Financials
10.3.2.5 SWOT Analysis
10.3.3 Baxter International Inc.
10.3.3.1 Company Overview
10.3.3.2 Description
10.3.3.3 Product Portfolio
10.3.3.4 Financials
10.3.3.5 SWOT Analysis
10.3.4 Grifols
10.3.4.1 Company Overview
10.3.4.2 Description
10.3.4.3 Product Portfolio
10.3.4.4 Financials
10.3.4.5 SWOT Analysis
10.3.5 Otsuka Pharmaceutical
10.3.5.1 Company Overview
10.3.5.2 Description
10.3.5.3 Product Portfolio
List of Figures
Figure 1: Global: Intravenous Solutions Market: Major Drivers and Challenges
Figure 2: Global: Intravenous Solutions Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Intravenous Solutions Market: Breakup by Type (in %), 2023
Figure 4: Global: Intravenous Solutions Market: Breakup by Nutrients (in %), 2023
Figure 5: Global: Intravenous Solutions Market: Breakup by Region (in %), 2023
Figure 6: Global: Intravenous Solutions Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 7: Global: Intravenous Solutions Industry: SWOT Analysis
Figure 8: Global: Intravenous Solutions Industry: Value Chain Analysis
Figure 9: Global: Intravenous Solutions Industry: Porter’s Five Forces Analysis
Figure 10: Global: Intravenous Solutions (Partial Parenteral Nutrition) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Intravenous Solutions (Partial Parenteral Nutrition) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Intravenous Solutions (Total Parenteral Nutrition) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Intravenous Solutions (Total Parenteral Nutrition) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Intravenous Solutions (Carbohydrates) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Intravenous Solutions (Carbohydrates) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Intravenous Solutions (Salts and Electrolytes) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Intravenous Solutions (Salts and Electrolytes) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Intravenous Solutions (Minerals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Intravenous Solutions (Minerals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Intravenous Solutions (Vitamins) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Intravenous Solutions (Vitamins) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Intravenous Solutions (Amino Acids) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Intravenous Solutions (Amino Acids) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: North America: Intravenous Solutions Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: North America: Intravenous Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Europe: Intravenous Solutions Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Europe: Intravenous Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Asia Pacific: Intravenous Solutions Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Asia Pacific: Intravenous Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Middle East and Africa: Intravenous Solutions Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Middle East and Africa: Intravenous Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Latin America: Intravenous Solutions Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Latin America: Intravenous Solutions Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Intravenous Solutions Manufacturing: Detailed Process Flow
List of Tables
Table 1: Global: Intravenous Solutions Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Intravenous Solutions Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Intravenous Solutions Market Forecast: Breakup by Nutrients (in Million US$), 2024-2032
Table 4: Global: Intravenous Solutions Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Intravenous Solutions: Raw Material Requirements
Table 6: Global: Intravenous Solutions Market: Competitive Structure
Table 7: Global: Intravenous Solutions Market: Key Players