Intravenous (IV) Fluid Bags Market to Register Substantial Growth Owing to Increasing Number of Geriatric Population Worldwide, says Fortune Business Insights™
The global intravenous (IV) fluid bags ... View MoreIntravenous (IV) Fluid Bags Market to Register Substantial Growth Owing to Increasing Number of Geriatric Population Worldwide, says Fortune Business Insights™
The global intravenous (IV) fluid bags market size is expected to witness substantial growth during the forecast period. This is ascribable to factors such as increasing number of geriatric population and high prevalence of chronic disease across the globe. Fortune Business Insights, publish this information, in its latest upcoming report, titled “Intravenous (IV) Fluid Bags Market Size, Share & Industry Analysis, By Fluid Type (Normal Saline, Dextrose, Ringer’s Lactate, Vitamins, Others), By Application (Clinical, Wellness), By End User (Hospitals, Hydration Centers / Clinics, Home Care Settings, Others) Others and Regional Forecast, 2019-2026.”
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Intravenous (IV) fluid bags are extensively used in the healthcare sector. They are beneficial for multi-purpose use such as to maintain blood pressure, prevent dehydration, and provide the patients with necessary nutrients in case they find difficulty eating food. Additionally, IV fluid bags are termed to be the backbone of the healthcare system owing to numerous benefits regarding patient’s care. Furthermore, growing impetus to develop disposable IV fluids bags that are free from form PVC material to deliver fluids accurately and safely has been the area focus of manufacturers across the globe.
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What does the Report Include?
The market report includes a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Furthermore, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. Moreover, the report includes information sourced from the advice of expert professionals from the industry by our research analyst using several research methodologies for the market. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026.
Drivers and Restraints:
Increasing Number of Geriatric Population to Stoke Demand
Presently, every region in the world is witnessing growth in the number of older population at an unprecedented rate. According to the World Health Organization (WHO), the geriatric population that was 900 Million in 2015 is expected to reach 2 Billion by 2050 globally. Older population require extra care and proper medical facilities owing to increasing prevalence of chronic disease witnessed across the globe. In addition to this, geriatric population are affected by chronic illness, emotional imbalance, and low self-esteem owing to dependency on others. Chronic disease such as heart disease, diabetes, cancer, and stroke, among others are the most common among the older population. Thereby, increasing number of geriatric population across the globe is expected to drive the growth of the market during the forecast period.
However, side effects such as swelling and irritation associated while administering the fluids may hamper the growth prospects of the market to some extent.
Regional Analysis:
Improved Healthcare Amenities in North America to Augur Growth
Among the regions, North America is expected to lead the market during the forecast period. This is ascribable to factors such as increasing prevalence of chronic diseases such as cancer and diabetes. Additionally, improved healthcare facilities will propel the market in the region to register highest global intravenous (IV) fluids bag market revenue. Furthermore, increasing investment in research and development will aid the market growth in North America. On the other hand, Europe is anticipated to witness robust growth in the forthcoming years. This is attributable to factors such as increasing number of geriatric population and growing innovation in development of IV fluids bag.
List of the Companies Operating in the Market:
• B. Braun Melsungen AG
• Baxter
• ICU Medical Inc.
• Sippex IV bag
• Fosmo Med
• Fresenius Kabi AG
• Polifarma
• Among others
Intravenous (IV) Fluid Bags Market Size, Growth | Report, 2028
Intravenous (IV) Fluid Bags Market report summarizes top key players overview as B. Braun Melsungen AG, Baxter, ICU Medical Inc., Sippex IV bag, Fosmo Med, Fresenius Kabi AG, Polifarma, and others
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