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According to The Business Research Company’s report, the global market for intravenous (IV) hydration therapy is projected to expand from $2.98 billion in 2022 to $2.57 billion in 2023, reflecting a compound annual growth rate (CAGR) of 8.1%. By 2027, the IV hydration therapy market is anticipated to reach $3.57 billion, with a CAGR of 8.5%.

What was the major driver in the intravenous (IV) hydration therapy market?
The increasing prevalence of chronic diseases is poised to drive the intravenous (IV) hydration therapy market. IV hydration therapy delivers vital vitamins and nutrients, offering a substantial energy boost to individuals with chronic illnesses. For instance, in September 2022, the World Health Organization reported that non-communicable diseases (NCDs) or chronic diseases are responsible for 74% of the 41 million global annual deaths. These include 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. As such, the growing incidence of chronic diseases fuels the IV hydration therapy market.

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What was the key trend in the intravenous (IV) hydration therapy market?
Product innovation is a prominent trend in the intravenous (IV) hydration therapy market. Leading companies in the IV hydration therapy sector are embracing new technologies to maintain their market standing. For example, in September 2022, Concierge Medical Consultants Inc, a group of certified physicians in Canada, introduced Intravenous Vitamin Therapy (IV Therapy) as part of its services in Toronto and Vancouver. This service encompasses six different Vitamindrip products, each tailored for hydration, recovery, energy, cosmetics, diet and detox, and immune enhancement. Vitamin drip is a scientifically crafted intravenous solution effective for treating dehydration, as well as conditions like migraines, muscle spasms, asthma, upper respiratory tract infections, chronic sinusitis, seasonal allergic rhinitis, and more.

Which was the largest region in the intravenous (IV) hydration therapy market?
North America was the largest region in the intravenous (IV) hydration therapy market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in intravenous (IV) hydration therapy report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the intravenous (IV) hydration therapy market prominent players?
Major players in the intravenous (iv) hydration therapy market are Revitalist, JW Life Science Corporation, NextGen Healthcare, B. Braun Medical Inc., Pfizer Inc., Fresenius Kabi AG, Liquid IV, Medtronic Plc., Drip Hydration, Amanta Healthcare Ltd., Becton Dickinson and Company, Elixir, Baxter International Inc., Otsuka Pharmaceutical Co. Ltd., Sippex IV bag, REVIV, Braun Melsungen AG, The IV Doc Inc., Terumo Medical Corporation, Grifols S.A., Harpal Clinic Ltd., Fosmo Med, Core IV Therapy LLC, Cryojuvenate UK Ltd., Hospira, Teleflex Incorporated, Sichuan Kelun Pharmaceutical Co. Ltd., ICU Medical Inc., Vygon SAS, and Vifor Pharma Management AG.

Key intravenous (IV) hydration therapy market segments
The global intravenous (IV) hydration therapy market is segmented –
1) By Service: Immune Boosters, Energy Boosters, Skin Care, Migraine, Other Service
2) By Component: Medicated, Non-Medicated
3) By End-User: Hospitals And Clinics, Wellness Centers And Spas, Home Healthcare, Other End-Users

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The Intravenous (IV) Hydration Therapy Global Market Report 2023  provides a comprehensive overview on the intravenous (IV) hydration therapy market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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