Overview

IV Poles Market is poised to value USD 294.76 million by 2028 end at a CAGR of 3.6% during the forecast period 2022 to 2028.

Advancements in IV pole technology, rise in the number of hospitals and increased healthcare expenditure are some of the factors contributing to the growth of the market. Furthermore, increasing patient number has increased the demand for IV poles and hospital beds for effective patient administration. According to the data provided by the American Hospital Association, there are over 6,200 hospitals that include federal government hospitals, non-federal psychiatric hospitals and community hospitals. Furthermore, rising number of hospitals in nations like India and Brazil has increased the requirement for IV poles for patient treatment. As per a survey conducted, over 37,000 hospitals are currently present in India. Such factors shall boost the IV poles market growth.

Market Segmentation:

By Product Type
•   2 Hook Type IV Pole
•   4 Hook Type IV Pole
•   6 Hook Type IV Pole
•   8 Hook Type IV Pole
By Material
•   Chrome-Plated Steel
•   Stainless Steel
•   Others
By End User
•   Clinics
•   Hospitals
•   Nursing Homes
•   Ambulatory Surgical Centers
•   Homecare Settings
•   Long-Term Care Settings
By Region
•   North America
•   Europe
•   Asia-Pacific
•   Latin America
•   Middle East and Africa

The market is diversified into product type, material, end user and region. The product type segment is classified into 4 hook top, 2 hook top, 8 hook top and 6 hook top IV poles. The 4-hook top IV segment held the largest IV poles market share, and this can be credited to an increased insistence for 4 hook top IV poles from clinics and hospitals. The material segment is classified into chrome plated steel, stainless steel and others. The stainless-steel segment is predicted to experience substantial growth during the forecasted timeframe, and this is due to the introduction of novel stainless-steel IV poles from key market players. The end user segment is diversified into clinics, hospitals, nursing homes, ambulatory surgical centres, homecare settings and long-term care centres.

Regional Analysis:

The Europe region is predicted to dominate the market owing to the rising demand of hospital beds and IV poles and a strong presence of key market players. The Asia Pacific region, on the other hand, is predicted to grow at a substantial rate owing to the increasing patient population and rising number of hospitals in developing countries like India.

Competitive Landscape:

Some of the major market players included are 3M, Cardinal Health, Medifa, Promotal, Alvo, Villard, Antano Group, Savion, Besco Medical.

FutureWise Key Takeaways:

• Growth prospects
• SWOT analysis
• Key market trends
• Key data-points affecting market growth

Objectives of the Study:

• To provide with an exhaustive analysis on the global IV poles market by product type, by material by end user and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

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