IV Poles Market Share 2022 to 2029 | By Medline, Centicare, AliMed, 3M Healthcare, A.M.G. Medical

The global IV Poles Market Size is anticipated to be valued US$ 306.1 Million by 2029, with sales increasing at a 3.6% CAGR between 2022 and 2029. Increased chronic illness prevalence, rapid geriatric population expansion, and an increase in the number of hospital beds to serve the rising patient pool are expected to boost the IV Poles market to $238.4 million in 2022. Globally rising healthcare spending propels the IV Poles market forward during the forecast timeframe.

The growing number of hospitals worldwide, combined with rising healthcare costs, has created new potential opportunities for the IV Poles industry. The increasing use of IV Poles in hospitals and clinics for various purposes has resulted in higher utilisation of IV Poles, boosting market growth for IV Poles from 2022 to 2029.

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Furthermore, technological developments, the prevalence of chronic diseases, and a focus on hospital expansion are increasing hospital pole utilisation, which is projected to drive the worldwide IV Poles market. According to a recent American Hospital Association survey, the United States currently has 6,093 hospitals, including community hospitals, Federal Government Hospitals, Nonfederal Psychiatric Hospitals, and others. This increase in hospital populations is not restricted to the United States, but is a worldwide phenomena that will provide opportunities for IV Poles makers. All of these variables will help the target market during the projection period.

“A surge in the number of hospitals across the world along with a heightened demand for IV Poles from the same will stimulate the global growth of the IV Poles market over the forecast period,” says an FMI analyst.

Key Takeaways:

• Expanding healthcare infrastructure will strengthen market opportunities.
• High cost and stainless steel corrosion may hamper the market growth.
• Germany will account for 23.1% of Europe’s IV Poles market by the end of 2022.
• In 2022, India will hold 53.7% of the market share in South Asia.
• In 2022, China’s IV pole market is likely to be valued at US$ 26.3 Million in the East Asia market.
• The stainless steel material segment will account for 62.5% of the market share in 2022.
• By product type, 4 hook top will hold 54.1% of the market share by the end of 2022.
• On the basis of end-user, hospitals will register a 3.4% CAGR over the assessment period.

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Competitive Landscape 

3M Healthcare, Medline Industries Inc., Cardinal Health, Medline Industries, Centicare Corporation, AliMed Inc, Mid Central Medical, A.M.G. Medical Inc., and Drive DeVilbiss Healthcare among others are some of the major players in the IV Poles market profiled in the full version of the report.

Leading market players are employing tactics like strategic alliances. These enterprises are focusing on agreements, and partnerships and utilizing technological advancements to enhance their market share.

More Insights into IV Poles Market Report

According to the latest FMI reports, based on segmentation, the hospital segment is anticipated to acquire 66.1% of the overall market share in 2022 while recording a 3.4% CAGR during 2022-2029. The 4 hook top segment is predicted to continue its market domination by registering a high demand during the forecast period.

Based on region, the United States is anticipated to hold about 92.6% of the IV Poles market share in North America. Increasing prevalence of chronic diseases, the growing geriatric population, and the presence of many large hospitals in the US fuel the target market growth in this country. The rising healthcare expenditure coupled with suitable reimbursement policies for hospitalized patients will further supplement the market growth in the U.S. China, Germany, and India, too, will experience considerable growth in the IV Poles market during the forecast period.

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IV Poles Market By Category

By Product:

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

By Material:

• Stainless steel
• Chrome Plated Steel
• Others

By End User:

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Nursing Homes
• Long Term Care Centers
• Homecare Settings

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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