Intravenous Solutions Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Description

Intravenous Solutions Market size was valued at USD 11.5 billion in 2021. It is expected to reach a value of USD 19.6 billion by 2028, growing at a CAGR of 7.9% during the forecast period from 2022 to 2028. The global market provides a detailed overview which has been segmented by solution type, bag type, application, and end user. By solution type, the intravenous solutions market has been segmented into Normal Saline (0.9% NaCl), Hypertonic Saline, Dextran, Lactated Ringer, Amino Acids, Vitamins and Minerals, Heparin and Trace Elements, and Mixed Solutions. The amino acid segment is likely the most significant and fastest-growing segment in terms of solution type. By Bag Type, the intravenous solutions market has been segmented into Large Volume Bags, Small Volume Bags. The small-volume bags segment gains the maximum revenue share in the market. By application, the intravenous solutions market has been segmented into Basic IV Solution, Nutritional IV Solution, Blood IV Solution, Drug IV Solution, and Irrigation IV Solution. The nutritional IV solution segment dominated the market in the forecast period 2022-2028. Based on the end user, the Intravenous Solutions are segmented into Hospitals, Clinics, Ambulatory Surgery Centers, and Home Care Settings. According to precision business insights, the hospital segment is predicted to register the fastest growth rate during the forecast period.

Key Development:

In February 2022, B. Braun Medical received the US FDA approval to begin operations at its new IV saline solution manufacturing facility in Daytona Beach, Florida.