Intravenous Solutions Market Research Report from RI Technologies Explores Key Strategic Developments
Light and portable injection devices have become handy as patients can now receive intravenous treatments in doctor’s clinics or even in their own homes.
The market research report on Intravenous Solutions is available at http://www.researchimpact.com/life-science/report.php?link=intravenous-solutions
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When IV solutions are produced locally in medically emerging countries, the resulting return on initial investments can be quite small. It is estimated that profitability would stand at only 50% of the total production capacity. The production costs that are incurred in developing IV solutions are 45% to 65% lower than the existing market price for primary product lines. These estimates are based on U.S. cost figures. When the U.S. system of calculation is used, both direct and indirect labor costs are the largest cost factors. However, in developing nations, the labor cost is relatively low and the cost of IV solutions is much higher. Therefore, the actual production cost can be estimated to be 60% to 90% lower than the market price of the product. There is a very high demand for IV solutions. Therefore, even if a situation arises in which production is more than the local demand, there are still excellent prospects of making national sales as well as sales through exports. The raw materials that are required to produce IV solutions are easy to procure as they are readily available in local markets.
The United States leads the global market (about 51% of global market share) for Intravenous Solutions. Due to the cost advantage and rapid increase in population, Asia-Pacific is the fastest growing market for Intravenous Solutions. Asia-Pacific and Rest of World are expected to gain significant market shares in the coming years.
There are certain triggers that drive the growth in the global market. Some of these drivers are population growth and the continuous upgradation of health care delivery mechanisms. IV infusion therapy is increasingly playing a vital role in health care treatment modalities. This is because recent innovations in the field of antibiotics and other medications used in medical spheres such as chemotherapy, burn centers and renal/peritoneal dialysis centers support the use of intravenous solutions. Key suppliers of nutritional intravenous solutions in international markets have also developed techniques of pre-mixing nutrients that were formerly given separately to patients. Earlier pre-mixed intravenous solutions were developed for the convenience they offered. Now the question of cost has been brought into the equation. The changes in Government policies have also facilitated the development of light and portable injection devices. These are handy as patients can now receive intravenous treatments in doctor’s clinics or even in their own homes.
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Anasuya Vemuri
RI Technologies
www.researchimpact.com
+91 9676994272
Anasuya Vemuri
RI Technologies
+91 9676994272
email us here
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