IV Dressing Market Size

IV Dressing Market Size

IV Dressing Market size was valued at around USD 830.6 million in 2023 and is estimated to grow at 5.5% CAGR from 2024 to 2032. IV dressing also known as an intravenous dressing or IV site dressing, is a medical dressing used to secure and protect intravenous (IV) catheters or cannulas that are inserted into a patient's vein to administer fluids, medications, or blood products.

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Chronic diseases such as diabetes, cardiovascular diseases, and cancer are on the rise globally due to factors such as sedentary lifestyles, unhealthy diets, and aging populations. Many of these conditions require long-term management, often including intravenous medications or fluids. For instance, statistics from the Centers for Disease Control and Prevention (CDC) reveal that cardiovascular disease claims a life in the U.S. approximately every 33 seconds. In 2021 alone, around 695,000 individuals in the U.S. succumbed to heart disease, translating to one out of every five deaths.
 

Further, emerging economies are experiencing rapid economic growth, urbanization, and improvements in healthcare infrastructure and access. As a result, more people in these regions are gaining access to healthcare services, including surgical procedures and treatments that require intravenous therapy. The expansion of the healthcare sector in emerging economies drives the demand for IV dressings to support the increasing use of IV therapies and procedures, thus contributing to market growth.