IV Hydration Therapy Market to be Dominated by Immune Booster Through 2028.
The
popularity of wellness and preventative healthcare is expected to drive the
growth of Global IV Hydration Therapy during the forecast period 2024-2028.
According to TechSci Research report, “IV Hydration Therapy Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, Global IV Hydration Therapy market is anticipated to grow at an
impressive rate in the forecast period 2024-2028. This can be ascribed
to the rise in the incidence of chronic diseases, along with the growth in road
accidents and increasing trauma cases across the region. Additionally, increasing
number of approved drugs for the treatment of chronic diseases and rise in the usage
of IV catheters during surgical procedures will further boost the growth of the
global IV Hydration Therapy market in the forecast period. Besides, high usage
of IV therapy for transferring medicines for diseases such as diabetes and
cancer, is also driving the demand for IV Hydration Therapy market during the
forecast period. Also, an increase in the number of surgeries performed,
compared to ambulatory surgical centers and clinics, will further boost the
growth of the market over the years.
However, IV
hydration therapy can be expensive, especially when administered in a hospital
or clinic setting, which can slow down the growth of the global IV Hydration
Therapy market in the forecast period. Also, the IV hydration therapy industry
is not tightly regulated in some countries which may restrict the growth of the
global IV Hydration Therapy market. Similarly, there are alternative treatments
available for dehydration and nutrient deficiencies, such as oral hydration
solutions and dietary supplements, which may hamper the growth of the market
during the forecast period.
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IV Hydration Therapy market
can be segmented by Service, Component, End Users, and Region.
Based on the Service, the global IV Hydration
Therapy market can be segmented into Immune Booster, Energy Booster, Skin Care, and
Others. The Immune
Booster dominated the market in 2022 and is expected to continue maintaining
its dominance throughout the forecast period. This can be ascribed to increasing
prevalence of nutrient deficiencies and hepatic diseases, combined with higher
consumption of amino acid injections. Also, increasing approval of enhanced
amino acid solutions with fewer side effects is expected to create lucrative
growth during the forecast period.
Based on End User, the market can be grouped into Hospitals
& Clinics, Wellness Centers & Spa, Home Healthcare, and Others. The hospital and clinics segment is expected
to dominate during the forecast period on account of the increasing number of
hospitals and clinics and increase in the prevalence of metabolic problems.
Similarly, the increasing number of patients who undergo surgical procedures
that require IV solutions as a post therapy routine for various conditions and
diseases in hospitals across the globe, is expected to create lucrative growth
during the forecast period.
Major companies operating in the global IV
Hydration Therapy market are:
- Core Iv Therapy, Llc.
- Cryojuvenate Uk Ltd.
- B. Braun Melsungen Ag.
- Pfizer, Inc.
- Jw Life Science.
- Amanta Healthcare.
- Vifor Pharma Management Ltd.
- Otsuka Pharmaceutical Co.,
Ltd.
- Baxter.
- ICU
MEDICAL.
For instance, in March 2022,
PAVmed Inc., a diversified commercial-stage medical technology company,
reported that physicians at the Clinical laboratory Portoazul Colombia,
successfully implanted the company's PortIO Intraosseous Infusion System in
three patients, the first human implants of the device, as part of its
IRB-approved first-in-human (FIH) clinical study of up to 40 patients.
In February 2022, Access
Vascular, Inc. (AVI) entered a partnership with Healthcare Insights (HCIS) to
build a value-based care program that can more broadly support hospital
customers as they deploy the company’s groundbreaking biomaterial-based
catheters to improve vascular access to medical and economic outcomes.
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“North
America is expected to dominate in the Global IV Hydration Therapy market on
account due to increasing geriatric population which increases demand for
intravenous solutions during the forecast period. Similarly, rising incidence
of chronic diseases and the industry’s expansion to meet the rising demands
caused by flu and pandemics will further propel the growth of the market over
the years. Also, a strong presence of key players, easy drug availability along
with well-developed healthcare systems, and favorable reimbursement policies, are
expected to drive the growth of the market during the forecast period. Furthermore,
development of advanced IV hydration therapy products, rising prevalence of
road accidents, and the surge in trauma cases will further be expected to
create lucrative opportunities for market growth” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“IV Hydration Therapy
Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F” Segmented By Service (Immune Booster, Energy Booster, Skin Care,
Others), By Component (Emergency Healthcare, Routine Healthcare), By End Users
(Hospitals & Clinics, Wellness Centers & Spa, Home Healthcare, Others),
By Region and By Competition”, has
evaluated the future growth potential of global IV Hydration Therapy market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global IV Hydration Therapy market.
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