IV Poles Market to be worth USD 306.1 Mn by 2029, Get Insights FMI
The global IV poles market is set to record a market value of U.S$ 238.4 Mn in the year 2022 with a CAGR of 3.6% which indicates a positive market growth over the forecast period. Availability of upgraded IV poles with adjustable height and lengths is boosting their adoption among end users such as hospitals and clinics. 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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IV Poles Market By Category
By Product :
- 2 Hook Top
- 4 Hook Top
- 6 Hook Top
- 8 Hook Top
By Material :
- Stainless steel
- Chrome Plated Steel
By End User :
- Ambulatory Surgical Centers
- Nursing Homes
- Long Term Care Centers
- Homecare Settings
By Region :
- North America
- Latin America
- South Asia
- East Asia
- Middle-East & Africa
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