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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
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.Â
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.Â
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:
Questions Answered in the IV Poles Market Research Report:
IV Poles Market Report Highlights
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Key Market Players | Centicare Corporation, 3M Company, AliMed Inc, A.M.G. Medical Inc, Drive DeVilbiss Healthcare, Medline Industries, Inc, Cardinal Health, Mid Central Medical |
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