Rise in Health Problems to Create Opportunities for the Global Intravenous Solutions Market Through 2020, Reports Technavio

LONDON--(BUSINESS WIRE)--

Technavio analysts forecast the global intravenous solutions market to grow at a CAGR of close to 6% during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of the global intravenous solutions market for 2016-2020. The report presents the vendor landscape and a corresponding detailed analysis of the key vendors in the global intravenous solutions market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

Technavio analysts highlight the following three factors that are contributing to the growth of the global intravenous solutions market:

• Rise in health problems
• Better healthcare systems
• Improved sales and distribution of healthcare products by vendors

Rise in health problems

Health problems such as gastrointestinal disorders, cancer, and diabetes are increasing due to changes in lifestyle. These diseases may cause malnutrition, weight loss, and a lack of appetite. They disrupt the fluid balance in the body, causing instability and leading to higher mortality rates in patients. Nearly 100 million Americans are affected by gastrointestinal disorders each year, and more than 350 million people globally are affected by diabetes.

Intravenous solutions play a major role in administering essential nutrients among patients, improving fluid balance and stabilizing their health. The increased cases of diseases requiring parenteral nutrition are likely to fuel the demand for intravenous solutions. "Furthermore, there has been a global increase in the older population, particularly in developed regions such as the US, Western Europe, and Japan. This increase also gives rise to the prevalence of chronic diseases, which is further expected to foster the demand for intravenous solution treatments," says Amber Chourasia, a lead analyst at Technavio for health and wellness research.

Better healthcare systems

Overall, the healthcare facilities around the world have improved gradually. Increased investments by governments and pharmaceutical companies have improved the quality of healthcare services provided. Easy access to funds especially in the developing countries of APAC has led to an increase in the number of private hospitals and the services provided by them.

The improved healthcare systems ensure an easy availability of intravenous solutions for parenteral nutrition in hospitals and in medical institutions. In addition, the increased advantages of intravenous solutions such as easy access to the rapid administration of solutions; rapid changes in the circulatory system; and easy to monitor delivery of fluids, electrolytes, and nutrients for those with impaired gastrointestinal tracts is increasing the adoption of these solutions in hospitals. All these factors will boost the growth of the global intravenous solutions market.

Improved sales and distribution of healthcare products by vendors

The vendors of healthcare products are continuously improving their sales and distribution methods. For instance, Baxter, one of the leading vendors of intravenous solutions, sells its products through a direct sales force and also makes sales through independent distributors, specialty pharmacies, drug wholesalers acting as sales agents, and other alternate site providers. In the US, third parties, like Cardinal Health, store and deliver a significant portion of the company's products through their distribution centers, which are stocked with adequate inventories to guarantee prompt customer service.

Sales and distribution practices include frequent contact by sales and customer service representatives, circulation of catalogs and merchandising bulletins, automated communications via various electronic purchasing systems, direct-mail campaigns, trade publication presence, and advertising. "With the improved sales and distribution modes, vendors are able to ensure visibility and availability of their products along with improved after-sale services. This will increase the demand for healthcare products such as intravenous solutions during the forecast period," says Amber.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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