by Europe IV hydration therapy involves administering fluids, vitamins, minerals and other nutrients directly into the bloodstream through an intravenous line or drip. It is gaining prominence in Europe as an effective way to treat dehydration caused by hangovers, illnesses or jetlag. The therapy uses hydrating fluids containing electrolytes like sodium and potassium to replenish fluids and important minerals lost from the body. It provides faster and more efficient results compared to oral rehydration. With rising health consciousness, many are opting for IV therapy to prevent dehydration and treat its symptoms quickly at home.
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 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Earlier, IV treatment involved visiting a hospital or clinic but now many startups and companies are offering portable IV drips and technicians who visit homes to administer the therapy. This is driven by hectic lifestyles and lack of time for hospital visits. In-home services allow getting hydrated conveniently without leaving the house comfort. They are gaining widespread acceptance for treating dehydration from partying, exercise or illnesses. This emerging trend of athome IV therapy is expected to drive exponential demand over the forecast period in Europe.
Segment Analysis
The Europe IV Hydration Therapy market is dominated by the homecare sub-segment. The sub-segment currently holds over 50% market share owing to the increasing demand for IV hydration therapy at home. The growing preference for convenient treatment options and high costs associated with in-clinic IV hydration are driving the growth of homecare sub-segment.
Key Takeaways
The Europe IV Hydration Therapy Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to grow at a CAGR of 16% during this period.
Regional analysis
Western Europe currently dominates the regional market for IV hydration therapy with over 35% share. Countries like the UK, Germany, France have high awareness and adoption of IV hydration therapy. The region is expected to witness fastest growth during the forecast period owing to rising disposable incomes, expanding healthcare infrastructure and growing elderly population requiring such treatments.
Key players
Key players operating in the Europe IV Hydration Therapy market are DeviantArt, Nifty Gateway, SuperRare, Foundation, MakersPlace, KnownOrigin, Async Art, ArtBlocks, OpenSea, Rarible, NTWRK, ArtStation, Artsy, Saatchi Art, Singulart, DigitalArt4Climate, Hic et Nunc, Showtime, Verisart, Artmajeur.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
