Intravenous Solutions Market Trends and Segments Forecast To 2028

The global intravenous solutions market size was valued at USD 11.5 billion in 2021 and is poised to grow at a CAGR of 7.9% during the forecast period from 2022 to 2028. Intravenous fluid regulation involves controlling the amount of fluid administered intravenously, directly into the bloodstream through a thin tube called an IV, connected to a bag. It is crucial to regulate the amount of fluid given to avoid overhydration or dehydration. This therapy is commonly used to rehydrate patients who have become dehydrated due to illness or excessive activity. The fluids administered are typically a combination of water, electrolytes, sugar, and nutrients, with concentrations tailored to the individual patient's needs. There are four main types of IV fluids: normal saline, half normal saline, lactated ringers, and dextrose. These fluids can be classified as either crystalloids or colloids and can be isotonic, hypotonic, or hypertonic, depending on their composition. The classification of the solution directly influences its therapeutic use.

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Intravenous Solutions Market Growth Factors:
The demand for intravenous (IV) solutions has been on the rise due to various factors such as an increase in natality rate, a growing geriatric population, a rise in cancer prevalence, and a surge in malnutrition cases. The COVID-19 pandemic has further heightened the need for IV injections, especially in Intensive Care Units (ICUs) where COVID-19 patients require critical care. With advancements in medical treatments and surgeries, there has been a significant increase in life expectancy, leading to a greater demand for modern medical care that includes IV nutrition.
Total Parenteral Nutrition (TPN) is a crucial approach used to administer nutritional solutions to patients who cannot receive them through oral or enteral routes. Regulations for the production of large and small volume parenteral, which are utilized in TPN, are outlined in FDA Code of Federal Regulations Section 201.323. The prevalence of chronic conditions such as cancer has also contributed to the increasing demand for parenteral nutrition. This type of nutrition is essential for maintaining the strength, energy, and hydration of patients suffering from chronic diseases. According to the World Health Organization (WHO), cancer caused approximately 10 million deaths in 2020, and the number of cases is expected to increase by 70% in the coming years. This trend is expected to drive the growth of the parenteral nutrition market.

The global intravenous solutions market segmentation:
1) By Solution Type: Normal Saline (0.9% NaCl), Hypertonic Saline, Dextran, Lactated Ringer's, Amino Acid, Vitamins & Minerals, Heparin and Trace Elements, Mixed Solutions.
2) By Bag Type: Large Volume Bags, Small Volume Bags.
3) By Application: Basic IV Solution, Nutritional IV Solution, Blood IV Solution, Drug IV Solution, Irrigation IV Solution.
4) By End-user: Hospitals, Clinics, Ambulatory Surgery Centers and Home Care Settings.

Intravenous Solutions Market Regional Analysis:
The global market for IV solutions has been segmented into North America, Asia Pacific, Middle East & Africa, Latin America, and Europe. In 2022, North America dominated the global market with a share of over 41.5% in revenue, driven by a growing geriatric population and increasing demand for intravenous solutions. The prevalence of chronic diseases and the industry's expansion to meet the rising demands due to the COVID-19 pandemic also contributed to North America's market dominance.

The Asia-Pacific region is expected to exhibit the fastest growth during the forecast period, owing to significant investments by public and private entities in research and development, technological advancements, and collaborations among various stakeholders, including medical professionals and universities.

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Key players in the Intravenous Solutions Market Baxter International Inc., ICU Medical, Inc., B. Braun Melsungen Ag, Grifols, S.A, Fresenius Kabi USA, LLC, Vifor Pharma Management Ltd., JW Life Science
Amanta Healthcare, Axa Parenterals Ltd., Salius Pharma Private Limited.

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