It is widely used for rehydration of dehydrated patients, especially in elderly care homes. Rise in prevalence of lifestyle diseases like diabetes have increased the risk of dehydration among elderly population. IV hydration ensures proper hydration and nutrient supply.
The global Europe IV Hydration Therapy Market is estimated to be valued at US$ 261.68 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the primary driver augmenting growth of Europe IV hydration therapy market is expanding geriatric population, vulnerable to dehydration. As per estimates, number of people aged 65 years and above in major European countries including Germany, UK, Italy, France and Spain will surpass 130 million, accounting for nearly 25% of total European population by 2030. Aging enhances the risk of various chronic illnesses and decreases body's natural ability to retain fluids. Hence, IV therapy provides safe and effective rehydration to elderly. Growing focus on home-based IV care is enhancing convenience and accessibility of therapy. This trend is expected to continue driving demand for IV hydration products and services over the forecast period.
Segment Analysis
The Europe IV hydration therapy market size is segmented based on product, application, and end user. The IV solutions sub segment dominates the market and is expected to continue its dominance during the forecast period. The large share of this segment can be attributed to increasing use of IV solutions for prevention of dehydration and management of illnesses such as diarrhea and vomiting which leads to fluid loss.
Key Takeaways
The global Europe IV hydration therapy market is expected to witness high growth. The global Europe IV Hydration Therapy Market is estimated to be valued at US$ 261.68 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030.
Regional analysis: The Europe region dominates the IV hydration therapy market and is expected to continue its dominance during the forecast period. Factors such as growing geriatric population, increasing prevalence of chronic diseases and rising health awareness in countries like UK, Germany, France etc. are propelling the growth of the market in this region.
Key players: Key players operating in the Europe IV hydration therapy market are Hydr, iVWorld Medical, BLL Healthcare, HealthCARE Vitality, Revital U, etc. Hydr holds a dominant share owing to its strong product portfolio and widespread distribution network.
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