IV Shortage Solution SPOTREP

September 29, 2024  /  TLP:CLEAR

Healthcare Ready is ENGAGED for this event. We are monitoring potential concerns for supply chain disruptions and impacts on healthcare services on our Alert Hub.

Contents

• Situation Overview and Highlights
• IV Solutions

Situation Overview

• Baxter’s North Cove plant located in Marion, North Carolina, experienced severe flooding from Hurricane Helene and is currently closed for production.
  • The surrounding area is also impacted, including damaged roads and a collapsed bridge along US 221 leading to the plant.
    
    
• The North Cove plant is the largest IV solutions plant in the US producing 1.5 million bags of IV solution/day.
  • The facility supplies 60% of IV solutions domestically.
  • Baxter has 7 manufacturing sites within North America and 13 plants globally.

• Baxter International Inc. faced production disruptions in 2017 due to Hurricane Maria. The storm caused power outages and damage to the company's three manufacturing facilities in Puerto Rico, leading to reduced output and requiring imports from its facilities abroad.

IV Solutions

• According to IBISWorld, Baxter has a 32.4% market share (1^st) within the IV solution manufacturing sector, with B. Braun Medical Inc. holding a 26% market share (2^nd), and ICU Medical Inc. holding a 12.2% market share (3^rd).
  
  
• IV solutions are used in a variety of healthcare settings (hospitals, clinics, etc.) for fluid replacement, medication delivery, and patient care.
  • Hospitals represent the largest market for IV solutions due to their extensive use in a wide range of procedures and applications.

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