Sales of IV Poles to Reach US$ 300 Mn in 2029
In the view of expanding patient pool, governments all over the world are investing heavily in the healthcare sector, where a significant share of the investments is directed towards offering tech-enabled medical services and increasing the number of hospitals & clinics. Such changing trends have been working in favor of the global intravenous (IV) poles market which will register revenues worth around US$ 300 Mn by 2029. This FMI study outlines a moderate growth rate of the global IV poles market during 2019-2029.
FREQUENTLY ASKED QUESTIONS ABOUT IV POLES MARKET
Will rise in number of hospital beds affects growth of the IV poles market?
In the past decade, there has been an upsurge in number of hospital beds and healthcare expenditure especially in emerging countries. This has resulted in increasing adoption of IV poles for various applications in hospitals and clinics, globally.
Which technological advancement propel the demand for IV poles in near future?
Advancements in technology have not only worked to advantage end user but also enabled the development of advanced IV poles. Availability of IV poles with better build in material such as chrome plated steel are creating growth opportunities for the market players in the near future. Also IV poles with antimicrobial protection coatings are available in the market.
Which end user segment manufacturers can target to gain significant market share?
Hospitals are expected to gain significant market share during the forecast period, which constitutes approximately one third of the total market share. Ambulatory surgical centers is expected to be the second most attractive segment owing to increase in the number of surgeries and increase in patient footfall.
Which region will offer more lucrative opportunities for IV poles market players?
The South Asia IV poles market is expected to show significant growth opportunities during the forecast period, owing to rising healthcare infrastructure in countries such as India and China.
Who are the major players contributing to the growth of IV poles market?
The IV poles market is consolidated by top three players namely, Medline Industries Inc., Cardinal Health, and 3M. These tier 1 players collectively account for more than half revenue share of the global IV poles market.
How the IV poles-associated complications hamper market growth?
High cost and corrosion of stainless steel are the major factors hampering the growth of the market. Stainless steel is the commonly used material for manufacturing of IV poles, but cost of stainless steel in the market is quite high as compared to others.
Stainless Steel - The Material of Choice
Attributed to its high durability, and light-weight quotient, stainless steel will remain the highly preferred material. By the end of forecast period, stainless steel IV poles are likely to account for nearly 60% share of total sales. However, given consideration to high costs, and corrosion, IV poles made from stainless steel are likely to a slight decline in their demand growth in the near future. This is influencing market manufacturers to turn to other materials such as chrome plated steel for developing IV poles.
Europe Leads, Opportunities Hover Around East Asia
Upsurge in healthcare spending, as well as establishment of advanced hospital infrastructure to cater to the increasing patient pool would be critical in driving the adoption of IV poles in both, developed and developing regions. The market in Europe continues to attract huge investments from stakeholders and is likely to surpass revenues worth US$ 100 Mn by 2027. While North America’s market is also reflecting lucrative growth prospects, the developed regional market will lose its share to the market in East Asia in the opportune time.
* This data is only a representation. Actual data may vary and will be available in report.
Customization - Key to Gain Market Distinctness
Manufacturers should focus on customization of IV poles to better align with end-use requirements. While modifications in IV poles for intensive care units (ICU), magnetic resonance imaging (MRI), and urology wards are gradually making into the pipeline, customizations such as foldable IV poles for patients who are traveling, and IV poles that glow in dark are offering white spaces for market players.
4 hook top accounts for highest market
Demand for 2 hook top remains steady
Stainless steel remains sought-after
Chrome plated steel to gain rapid traction
High adoption in hospitals
Moderate usage in ambulatory surgical centers
How Growth will Unfold
By capturing a market share of over 60% throughout the projection period, hospitals are poised to remain the predominant end-users of IV poles. In 2018, IV poles worth of around US$ 140 Mn were used in hospitals, and rising patient footfall will spur the revenue growth in the end-use category. Constant increase in percentage of total surgical procedures taking place in ambulatory surgical centers (ASC), in the wake of quicker outcomes with lesser patients requiring hospitalization, has been driving notable attention from market players.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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IV Poles Market Analysis 2019-2029
A recent market study published by Future Market Insights on the IV poles market includes global industry analysis for 2014-2018 & opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters of the IV poles market, the growth prospects of the market are obtained with maximum precision.
IV Poles Market Taxonomy
The global IV poles market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
- 2 Hook Top
- 4 Hook Top
- 6 Hook Top
- 8 Hook Top
- Stainless Steel
- Chrome-Plated Steel
- Ambulatory Surgical Centers
- Nursing Homes
- Long-Term Care Centers
- Homecare Settings
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa (MEA)
The report initiates with the executive summary of the IV poles market, which includes a summary of key findings and statistics of the market. It also includes drivers and trends pertaining to the IV poles market.
Readers can find the definition and a detailed segmentation of the IV poles market in this chapter, which will help them understand the basic information about the IV poles market. Along with this, comprehensive information pertaining to IV poles and their properties are provided in this section. This section also highlights inclusions and exclusions, which helps the reader understand the scope of the IV poles market.
The IV poles market report provides the key market trends that are expected to significantly impact the market growth during the forecast period. Detailed industry trends are provided in this section.
This section includes the product feature and USPs, and strategies followed by the manufacturers of the market.
This section explains the global market volume analysis and forecast for the IV poles market in the forecast periods of 2019-2029.
This chapter explains the pricing analysis of the IV poles market in different regions.
This section explains the global market value analysis and forecast for the IV poles market in the forecast periods of 2019-2029. This chapter includes a detailed analysis of the historical IV poles market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the year 2019, and an incremental $ opportunity for the forecast period (2019–2029).
This chapter explains the key macro-economic factors that are expected to influence the growth of the IV poles market over the forecast period. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
Based on product type, the IV poles market is segmented into 2 hook top, 4 hook top, 6 hook top, 8 hook top. In this chapter, readers can find information about the key trends and developments in the IV poles market and market attractiveness analysis based on product type.
This chapter provides details about the IV poles market based on material, and has been classified into stainless steel, chrome plated steel, and others. In this chapter, readers can understand the market attractiveness analysis based on the material.
This chapter provides details about the IV poles market based on end user, and has been classified into hospitals, clinics, ambulatory surgical centers, nursing homes, long term care centers, and homecare settings. In this chapter, readers can understand the market attractiveness analysis based on end user.
This chapter explains how the IV poles market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America IV poles market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, and market growth based on the product type, material, and end user.
This chapter provides the growth scenario of the IV poles market in Latin American countries such as Brazil, Mexico, Argentina, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.
Important growth prospects of the IV poles market based on its end users in several countries such as the U.K., France, Germany, Spain, Italy, Benelux, Russia, and the Rest of Europe are included in this chapter.
In this chapter, India, Thailand, Indonesia, Malaysia, and rest of South Asia countries are the prominent countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia IV poles market. Readers can find detailed information about the growth parameters of the South Asia IV poles market during the forecast period of 2019-2029.
This chapter highlights the growth of the IV poles market in East Asia by focusing on China, Japan, and South Korea. This section also help readers understand the key factors that are responsible for the growth of the IV poles market in East Asia.
This chapter highlights the growth of the IV poles market in Oceania by focusing on Australia and New Zealand. This section also help readers understand the key factors that are responsible for the growth of the IV poles market in Oceania.
This chapter provides information about how the IV poles market will grow in major countries in the MEA region such as GCC Countries, Turkey, North Africa, South Africa, and the Rest of MEA, during the forecast period of 2019-2029.
This section highlights the growth prospects of the IV poles market for emerging markets such as China, India, and Brazil.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the IV poles market, along with their market presence analysis by region and product portfolio
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the IV poles market, along with a detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are 3M Health Care, Cardinal Health, Medline Industries, Centicare Corporation, AliMed Inc., Mid Central Medical, A.M.G Medical inc., and Drive DeVilbiss Healthcare.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the IV poles market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the IV poles market.
How the research was conducted?
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- Current Market Dynamics and Challenges
- Yesteryear Trends
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-Term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
- Industry Publications
- Journal of Biomedical Engineering and Medical Devices
- Journal of Medical Devices
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- Government Websites and Publications
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