Intravenous Equipment Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4017
Intravenous Equipment Market size is projected to experience significant growth from 2019 to 2025.
Growing burden of chronic diseases such as cardiovascular disease, cancer, stroke, diabetes coupled with increasing geriatric population will escalate global intravenous equipment market growth in the forthcoming years. According to the Centers for Disease Control and Prevention (CDC), nearly 4 in 10 adults in the United States are affected by two or more chronic disease annually. Thus, growing geriatric patient will further increase disease prevalence, hence boosting the intravenous equipment market growth in the coming period.
Increasing number of surgeries in hospitals will upsurge intravenous equipment market size over the estimated timeframe. According to the data provided by the Australian Institute of Health and Welfare, approximately 2.7 million surgical procedures were performed between 2016 to 2017 in Australia. Additionally, rising adoption of intravenous therapy in the case of emergency situation will assist the expansion of intravenous equipment market over the forthcoming period.
However, adverse effects of intravenous equipment and medication errors including wrong dose and cross contamination will hinder the market growth. Furthermore, strict regulatory policies may hamper intravenous equipment industry growth to certain extent over the coming years.
Intravenous catheters segment will hold a significant share over the forthcoming years. IV catheters are reliable tools for delivering blood products, medications, and nutritional fluids. Rising demand for short closed peripheral I.V. catheter (PIVCs) due to their capability to lessen the complications during intravenous procedures will propel the segmental growth. Additionally, closed IV catheter system offer protection against the risk associated with needlestick injury. Aforementioned advantages will escalate the adoption rate of IV catheters in the forthcoming years.
Hospitals end-use segment is estimated to dominate the market over the projected timeframe owing to growing number of hospitalizations and increased surgical procedures. Maintenance of aseptic conditions and implementation of standard guidelines by healthcare professionals will increase the preference of hospitals over the upcoming years. Additionally, strong purchasing power of hospitals to buy expensive IV devices and availability of skilled professionals will further boost the growth.
U.S. intravenous equipment market will foresee momentous growth owing to presence of well-established healthcare infrastructure and standard guidelines in the country. Increasing prevalence of chronic disease owing to adoption of western lifestyle will assist industry growth. Additionally, presence of key players and availability of skilled healthcare professionals in the region will further pose lucrative business growth opportunity in the foreseeable future.
India intravenous equipment market is expected to grow at a significant pace due to expanding geriatric population susceptible to chronic diseases. With increasing urbanization, and lifestyle changes the region is more prone to lifestyle-related diseases including cardiovascular diseases, stroke and cancer. Additionally, growth in the number of hospitals and specialty centers coupled with favorable government initiatives will majorly impact India intravenous equipment industry growth during the forecast period.
Some of the major market players involved in the global intravenous equipment market are B. Braun Melsungen AG, Charter Medical, Hart Enterprises, Inc., The Matrix Company among others. Companies are adopting business expansion strategies such as agreements, acquisitions and mergers to increase their market footprint. For instance, in March 2016, B. Braun Melsungen AG and ICU Medical entered into a distribution agreement to commercialize SwabCap in selected countries outside the United States.
Intravenous Equipment Market by Product Type, 2014-2025 (USD Million)
- Administration sets
- Infusion pumps
- Hypodermic needles
- Needless connector
- Drip chamber
- Securement device
Intravenous Equipment Market by End-Use, 2014-2025 (USD Million)
- Hospitals and clinics
- Ambulatory care center
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- B. Braun Melsungen AG
- Charter Medical
- Hart Enterprises, Inc.
- The Matrix Company
- AIV, Inc.
- Intravascular Incorporated
- Hospira LifeCare
- Smiths Medical
- Becton, Dickinson and Company
- MOOG INC.
- AngioDynamics, Inc.
- Terumo Medical Corporation
- Arcomed ag
- Halyard Worldwide, Inc.
- Teleflex Incorporated
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