Intravenous (IV) poles are considered as medical supportive tools which are widely used in healthcare like clinics, hospitals, home healthcare, and others. Intravenous poles carry bags used for the necessary medication delivery to the patients. Intravenous medication is inserted into the patients with the use of an IV injection.
Designs of all IV poles contain wheels at the base and a hook at the top. These designs are different from the accessories attached to them. Various types of materials are used in the manufacturing of IV poles, like chrome-plated steel, stainless steel, and Aluminum. Intravenous poles help to provide infusion care by the safety of hanging of IV bottles and bags.
Impact of COVID-19 Pandemic on the IV Poles Market
- The outbreak of COVID-19 is likely to have a moderate impact on the market in the forecast period. Research and development activities to identify the threat of SARS-CoV-2 virus on the patients suffering are likely to slow the IV poles market growth.
- COVID-19 has brought about a significant burden on the healthcare industry globally, with disruption in the treatment of non-communicable diseases. Challenges exist in providing effective care.
- Realizing the disturbing healthcare trends, governments are making efforts to provide excellent quality healthcare to patients globally.
- Nationwide lockdowns, canceled or postponed elective surgeries, denied wound care services, rise in skin injuries may lead to a decline during the forecast timeline. However, on the flip side, the latter half of the forecast is predicted to show a drastic rise.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Growth in the number of hospitals, advancements in the technology of IV poles, and an increase in healthcare expenditure are predicted to help the market of IV poles during the forecast timeline. Rising number of hospitals due to the increasing number of patients suffering from various diseases results to boost the market demand for IV poles for IV solution administration. As per the survey conducted by the American Hospital Association, the total number of hospitals in the U.S. is nearly 6,210, which include Federal Government Hospitals, Community Hospitals, and Non-Federal Psychiatric Hospitals.
An increasing number of hospitals in India, China, Brazil have led to an increase in the demand for IV poles in hospitals for the treatment of patients. Also, an increase in the number of hospitals and healthcare services is predicted to pave good opportunities for IV pole manufacturers.
Increasing healthcare expenditure in the developed countries is predicted to drive the Iv pole market revenue growth globally. Rising healthcare spending is expected to impact the need for advanced health care infrastructure, which will boost the opportunities for players in the global IV pole market in the forecast timeline. As per the World Health Organization (WHO), about US$3,600.0 per capita was spent in 20118 on healthcare expenditure in the United States.
Europe is expected to dominate the IV pole market globally in 2019 and is predicted to maintain its position in the long run during the forecast timeline. The rising number of hospital beds with IV poles and the presence of core manufacturers are likely to raise the demand for the IV pole market in Europe.
The market in Asia-Pacific is expected to register high growth due to increasing population and adoption of new products with demand for IV pole in emerging economies like India and China.
Key Benefits of the Report:
- This study presents the analytical depiction of the global IV poles market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global IV poles market share.
- The current market is quantitatively analyzed to highlight the global IV poles market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global IV poles market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the IV Poles Market Research Report:
- What are the leading market players active in the IV poles market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
IV Poles Market Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Material |
|
 By End-user |
|
 By Region |
|
 Key Market Players | AliMed Inc, 3M Company, A.M.G. Medical Inc, Cardinal Health, Drive DeVilbiss Healthcare, Mid Central Medical, Centicare Corporation, Medline Industries, Inc |
Loading Table Of Content...
