IV Pole: Introduction

  • Intravenous (IV) poles are medical supportive tools widely used in healthcare settings such as hospitals, clinics, home healthcare, and others. IV pole carry bags and deliver the necessary medications to patients. IV medication is introduced to the patient through an IV injection.
  • All IV pole designs contain hook at the top and wheels at the base. These designs differ by the accessories attached to them.
  • Different types of materials are used in the IV pole manufacturing, which include stainless steel, chrome plated steel and other materials such as Aluminum
  • IV pole helps provide effective infusion care through a safety hanging of IV-bottles and bags

Key Drivers of Global IV Pole Market

  • Increase in number of hospitals, technological advancements in IV pole, and rise in healthcare expenditure are expected to help increase the growth of the IV pole market during the forecast period. Increasing number of hospitals due to rise in number of patients suffering from various types of diseases results in boost in demand for hospital beds and IV pole for IV solution administration in patients. According to a recent survey conducted by the American Hospital Association, around 6,210 hospitals are in the U.S., which include community hospitals, Federal Government Hospitals, and Nonfederal Psychiatric Hospitals.

Are you a Start-up willing to make it Big in the Business? Grab an Exclusive PDF Brochure of IV Pole Market Report

  • Increase in number of hospitals in countries such as China, India, and Brazil leads to increase in demand for IV pole in the treatment of patients. According to recent study, more than 19,000 hospitals are present in China and around 38,000 hospitals present in India. Hence, increase in number of hospitals globally is expected to create a good opportunity to IV pole manufacturers.
  • Increase in healthcare expenditure in most of the developed countries is expected to drive the revenue growth of the global IV pole market. Increasing healthcare spending is expected to directly impact the need for better hospital infrastructure, which, in turn, is expected to create high growth opportunities for players in the global IV pole market over the forecast period. According World Health Organization (WHO), in 2018, about US$ 3,600.0 per capita was spent on health expenditure in the U.S.

4 Hook IV Pole Segment to Witness High Demand

  • Based on product type, the global IV pole market can be segmented into 2 hook top, 4 hook top, 6 hook top, and 8 hook top IV pole 
  • The 4 hook top segment accounted for the highest share of the IV pole market in 2019. This segment is expected to dominate the IV pole market due to increasing demand for 4 hook top IV pole from hospitals and other end-users.

Stainless steel Segment to Witness Significant Growth

  • In terms of material, the global IV pole market can be divided into stainless steel, chrome plated steel, and others
  • The stainless steel segment generated the highest revenue in 2019 and is anticipated to witness growth during the forecast period. This can be attributed to launch of new stainless steel containing IV poles from major manufacturer and increasing preference for stainless steel IV pole.

Hospitals Segment to be Most Promising Segment

  • In terms of end-user, the global IV pole market can be divided into hospitals, clinics, ambulatory surgical centers, nursing homes, long term care centers, and homecare settings. The hospitals segment generated the highest revenue in 2019 and is anticipated to witness growth during the forecast period due to increasing number of hospitals in emerging counters such as India and China.

Stuck in a Neck-to-Neck Competition with Other Brands? Request a Custom Report on “IV Pole Market” here

Europe to Dominate Global IV Pole Market

  • In terms of region, the global IV pole market can be categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Europe dominated the global IV pole market in 2019 and is expected to maintain its leading position during the forecast period. High number of hospital beds with IV pole and presence of major manufacturers is likely to increase the growth of the IV pole market in Europe.
  • The market in Asia Pacific is projected to register highest growth during the forecast period, owing to increase in adoption of new products and rise in demand for IV pole in emerging countries such as India and China

Key Manufacturers Operating in Global Market

The global IV pole market was highly fragmented in 2019. Key manufacturers operating in the global market are:

  • Cardinal Health
  • Medline Industries, Inc.
  • 3M Company
  • Centicare Corporation
  • AliMed Inc.
  • Mid Central Medical
  • A.M.G. Medical Inc.
  • Drive DeVilbiss Healthcare

IV Pole Market: Research Scope

IV Pole Market, by Product Type

  • 2 Hook Top
  • 4 Hook Top
  • 6 Hook Top
  • 8 Hook Top

IV Pole Market, by Material

  • Stainless Steel
  • Chrome Plated Steel
  • Others

IV Pole Market, by End-user

  • Stainless Steel
  • Chrome Plated Steel
  • Others

IV Pole Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note:Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Iv Pole Market

Pre Book