Availability of upgraded IV poles with adjustable height and lengths is boosting their adoption among end users such as hospitals and clinics. The global IV poles market is projected for a steady growth outlook during 2019 – 2029, at 4% CAGR. Modifications in IV poles for surgical areas, intensive care units, magnetic resonance therapy and urology wards, colourful models for children’s ward are propelling revenues for the IV poles market. Moreover, technological modifications such as foldable IV stand available for patients who are travelling and IV poles that glow in the dark, are offering lucrative opportunities for IV poles market growth.
Key Takeaways – IV Poles Market Study
- 4 hook IV poles, owing to easy availability and increasing adoption, emerging as the most lucrative segment by product type, representing more than 50% of revenue share in the IV poles market.
- Attributed to properties such as light weight and durability, stainless steel accounts for a significant revenue share in the IV poles market.
- Increasing number of hospital beds contributes to the maximum share of hospitals in the IV poles market, followed by ambulatory surgical centers.
- North America continues to be at the forefront of IV poles market, owing to rising patient footfall and increasing adoption of foldable IV poles.
Customized and chrome-plated steel IV poles are offering lucrative opportunity for robust market growth. Consistent efforts taken by market players to come up with advanced IV poles and their availability in emerging countries such as India, China, and Brazil are creating favorable atmosphere for the IV poles market.
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Mergers and Acquisitions Strategic Focus to Increase Global Footprint
Companies in the global market are engaged in mergers and acquisitions, as the industry is in development phase due to constant technology upgrades and launch of innovative IV poles. Key players in the IV poles market take calculated decisions to engage in mergers and acquisitions to strengthen product portfolio and consolidate their position in the market. In January 2017, Drive DeVilbiss Healthcare Limited acquired Sidhil Group Limited, thus expanding its business in the U.K.
What Does the IV Poles Market Report Include?
Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the segments from 2014 to 2029. 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. The study provides compelling insights on IV poles market on basis of product type (2 hook, 4 hook, 6 hook, and 8 hook IV poles), material type (stainless steel, chrome plated steel and others) and end user (hospitals, clinics, ambulatory surgical centers, nursing homes, long-term care centers, and homecare settings), across seven major regions.
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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.