According to FutureWise analysis the market for IV poles in 2023 is US$ 0.24 billion, and is expected to reach US$ 0.32 billion by 2031 at a CAGR of 3.82%.
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.