IV fluid is a watery solution that contains electrolytes, glucose or other nutrients. It can be administered by mouth, through a tube inserted into the stomach and down into the small intestine (a nasogastric feeding tube), or intravenously. The amount of fluid given will depend on your condition and whether you are having trouble drinking enough fluids. IV fluids are used for situations where someone needs fluids faster than they can drink them. These situations could include severe dehydration caused by vomiting or diarrhea, heart surgery with cardiopulmonary bypass, burns over more than 20% of the body surface area, and major trauma. In recent years IV fluids have become an increasingly popular way to treat patients with flu-like symptoms such as feverishness or nausea because doctors believe these symptoms often indicate dehydration. IV fluid is a substance that provides nourishment, medication and hydration when it's delivered intravenously. The different types of fluids that are used depend on the needs of each individual patient. There are four types of fluids: Normal Saline; Lactated Ringers; Plasma-Lyte; and Albumin. Normal Saline contains salt in water and can be used for anything from pain management to replacing electrolytes.
Uses of IV Fluid (FFS Technology)
Intravenous fluids are essential for providing oxygen and nutrients to sustain life. They also help maintain blood pressure and pH levels in patients with severe burns, trauma, or shock. These fluids are administered through an intravenous line that is inserted into a vein on either arm. These fluids can be used for rehydration, blood transfusion, medication delivery and more. The IV fluid market is booming as a result of this new FFS technology that allows smaller needles and less-invasive procedures with higher safety levels. Injection sites on the forearm or wrist have been reported by many patients as being painless, so they may not even know they had an injection.
All around the world in hospitals, nursing homes and private practices there are now machines that use these new technologies to deliver fluids and other medicines quickly and safely.
The use of Intravenous Fluids (IV Fluids) has grown exponentially in recent years, primarily for medical purposes. For example, one of the most common uses of IV fluids is through intravenous therapy in hospitals and doctors' offices. This type of infusion delivers fluids and medication directly into your bloodstream through a small tube called an intravenous catheter that's inserted into a vein in your arm, hand or foot.
Indian Market Outlook
With an aging population and rising medical costs, India has seen a spike in demand for intravenous fluids. The market for IV fluids in India has been growing at a steady rate of 25% per annum. Some firms have been introducing new products into the market or investing in expanding their production capacity. Factors responsible for rising demand for intravenous fluids in India are an aging population, rising healthcare expenditure and a surge in immunocompromised patients. Since more individuals with different kinds of disease conditions need intravenous fluids on a regular basis, it has become necessary for hospitals, as well as other healthcare facilities such as ambulatory surgical centers and nursing homes.
Global Market Outlook
The IV Fluid (FFS) Technology market was valued at USD 3.4 billion in 2017, and is projected to grow at a CAGR of 5.3% from 2017-2025. The market for intravenous fluid and blood products has grown tremendously in recent years. This growth can be attributed to factors such as an aging population and advances in medical devices, such as peristaltic pumps and flexible tubing. Rapid advancements in this field have led to significant developments that have changed the dynamics of the global market. For instance, the launch of novel infusates like albumin, which is being increasingly used by hospitals around the world for different purposes including preventive medicine and correction of hypoalbuminemia during surgery or intensive care
This can be attributed to the growth in demand for intravenous therapy drugs across emerging markets, such as India and China, where healthcare expenditure is expected to increase substantially over the forecast period. Furthermore, technological advancements have helped boost the use of IV fluids in clinical settings owing to benefits such as cost-effectiveness and ease of administration.
Conclusion
IV fluids are a life-saving necessity for many patients. With the recent rise in IV fluid shortages, hospitals and clinics are scrambling to find an alternative solution. Fortunately, with the introduction of FFS technology, there has been a boom in this market with new options for providers and patients alike.
Indian Key Players
· Asterisk Laboratories India Private Limited
· Syska Healthcare
· Aishwarya Health Care Pvt Ltd
· Rechelist Pharma
· Flagship Biotech International Pvt Ltd
· Solitaire Pharmacia Pvt. Ltd.
· Kritikos Care
· Taj Pharma
· Schwitz Biotech
· Amanta Healthcare
· Parenteral Drugs (India) Limited
· Calyx Biotech
· Suzen Medicare Pvt. Ltd.
· Orlife Healthcare