Industry Analysis & Industry Trends
Whether for delivering anesthesia or nutrients, the Intravenous (IV) Solution Manufacturing industry provides hospitals with an array of IV solutions. Since the industry relies mainly on downstream demand from hospitals, the number of people with health insurance plays a critical role in determining demand for IV solutions. Forthcoming changes to the nation's healthcare system under the Patient Protection and Affordable Care Act of 2010 are anticipated to increase the number of insured Americans over the next five years. In turn, hospital demand is projected to rise and help support demand for IV solutions.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
IBISWorld analysis reveals this industry is growing. During the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to the US economy, is projected to increase 6.9%. In comparison, US GDP is forecast to rise at an average rate of 2.5% annually during the same period. IVA's outpacing of US GDP generally indicates an industry in a growth phase of its life cycle. Growing demand offers another indicator of this industry's growth, but maturity is fast approaching through ongoing merger and acquisition activity.
Demand from downstream markets is forecast to grow on the back of an aging population that will increase demand from hospitals. As hospital visits increase, use and sales of this industry's products increase... purchase to read more