IV Poles Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The IV Poles market is segmented by Product Type (2 Hook Top, 4 Hook Top, 6 Hook Top, and 8 Hook Top), Material, End-User, and Geography

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.3 %

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Market Overview

The IV Poles market studied was projected to register a CAGR of about 6.3% over the forecast period. The major factor attributing to the growth of the market is the increase in the prevalence of diseases such as gastrointestinal diseases, neurological diseases, cancer where IV fluids are given to the patients. According to the World Health Organization, diarrhoeal disease is the second leading cause of death in children under five years old. Globally, there are nearly 1.7 billion cases of childhood diarrhoeal disease every year. However, challenges faced by the conventional poles like rusting of the stands and they are not adjustable and very difficult to transport

Scope of the Report

As per the scope of the report, IV poles are slender stands designed for the suspension of containers of liquid for intravenous administration to patients. These poles usually consist of a metal stand-alone structure including a rod, a base with several legs with or without casters, and a hanger with one or more hooks at the upper end. This report is segmented by product type, by material, by end-user, and by geography.

By Product Type
2 Hook Top
4 Hook Top
6 Hook Top
8 Hook Top
By Material
Stainless Steel
Chrome-Plated Steel
Other Materials
By End User
Hospitals and Clinics
Ambulatory Surgical Centers
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World

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Key Market Trends

Stainless Steel Segment is Dominating the IV Poles Market.

The dominant share of the segment is due to the advantages of the stainless steel, the durability, and its antirusting feature. The increasing prevalence of diseases like gastrointestinal disorder, neurological diseases, cancer is the major cause growth of the segment. According to the Centers for Disease Control and Prevention, the number of visits to physician offices with diseases of the digestive system as the primary diagnosis was 22.4 million, only in the United States in the year 2018. The advantages of the material and the growing prevalence of the disease is propelling the segment growth.

Diarrhea

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall market, throughout the forecast period. The market growth is due to the factors such as the presence of key players, high prevalence of diseases like cancer, vomitings, diarrhea in the region, established healthcare infrastructure are some of the key factors accountable for its large share in the market. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers expected to increase the market growth. In this region the United States has the maximum share due to supportive healthcare policies, the high number of patients, and a developed healthcare market. According to Centres for Disease Control and Prevention, Norovirus is the leading cause of vomiting and diarrhea from acute among people of all ages in the United States. It is estimated that 19 to 21 million cases of acute gastroenteritis are caused due to the virus and contribute to about 56,000 to 71,000 hospitalizations and 570 to 800 deaths, mostly among young children and the elderly. As per the statistics, the increasing patient pool and increasing disposable revenue in this country boost the market growth of the region.

IV Poles Market - Growth Rate by Region

Competitive Landscape

The IV Poles market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market 3M, Cardinal Health, medifa, Promotal, Alvo, Villard, Antano Group, Savion, Zakad Techniki Medycznej TECH-MED Sp. z o. o, and Besco Medical.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Diseases, such as Gastrointestinal Disorder, Neurological Diseases, Cancer

      2. 4.2.2 Increasing Geriatric Population

    3. 4.3 Market Restraints

      1. 4.3.1 Challenges Faced by The Conventional Poles

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 2 Hook Top

      2. 5.1.2 4 Hook Top

      3. 5.1.3 6 Hook Top

      4. 5.1.4 8 Hook Top

    2. 5.2 By Material

      1. 5.2.1 Stainless Steel

      2. 5.2.2 Chrome-Plated Steel

      3. 5.2.3 Other Materials

    3. 5.3 By End User

      1. 5.3.1 Hospitals and Clinics

      2. 5.3.2 Ambulatory Surgical Centers

      3. 5.3.3 Other End Users

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 3M

      2. 6.1.2 Cardinal Health

      3. 6.1.3 medifa-hesse GmbH & Co. KG

      4. 6.1.4 Promotal SAS

      5. 6.1.5 Villard Inc.

      6. 6.1.6 Antano Group

      7. 6.1.7 Savion LLC

      8. 6.1.8 Tech-Med Sp. o.o. Department of Medical Technology

      9. 6.1.9 Besco Medical

      10. 6.1.10 Alvo Medical

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The IV Poles Market market is studied from 2018 - 2026.

The IV Poles Market is growing at a CAGR of 6.3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

3M, Cardinal Health, medifa, Promotal, Alvo Medical are the major companies operating in IV Poles Market.

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