Description

IV Equipment Market Market Outline:

 

IV equipment are the medical devices used in the intravenous therapy to deliver the liquid substances into the body through the intravenous system. The IV equipment are used to administer the injections and infusions by using the syringes and infusion pumps. These equipment must be sterile before administering into the vein. Intravenous therapy is the fastest route to deliver the medications into the body because the medication directly enter into the circulation through intravenous route.

 

Market Dynamics:

 

Increase in geriatric population, growing prevalence of chronic diseases, increase in a number of surgical procedures, various advantages of intravenous therapy, availability of fixed IV equipment such as IV cannulas for multiple drug administration are anticipated to fuel the IV equipment market over the forecast period. However, stringent regulatory policies for newer products approval, rise in the incidence of medication errors, and patient safety risks are anticipated to hamper the growth of IV equipment market over the forecast years.

 

Market Scope: 

IV equipment market segmented based on product type, end user, and region

Based on the product type,

  • Infusion Sets
  • IV Catheters
  • Check Valves and Stop Cocks
  • Needless Connectors
  • Securement Devices
  • Drip Chambers
  • Others

Based on the end user,

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Home care

Based on region,

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Market Summary:

Market players are actively involved in the development of newer IV equipment which is most convenient to the patient drug administration. Moreover, the rise in prevalence of chronic diseases that require long-term treatment, the rise in a number of surgical procedures, and rise in demand for ambulatory infusion pumps owing to rise in the home care market are anticipated to fuel the IV equipment market over the forecast years. Furthermore, acquisitions and mergers, collaborations, and product launchings are the strategies adopted by the market players for generating the revenue in IV equipment market. For instance, in April 2017, ICU Medical Inc. acquired Hospira infusion systems for expanding the product portfolio including IV equipment.

 

Regional Analysis:

Geographically, global IV equipment market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America IV equipment market expected to exhibit significant growth owing to increase in the prevalence of chronic diseases such as cancer, adoption of homecare IV equipment devices, an increase in healthcare expenditure in the region. Europe IV equipment market accounted for significant share owing to the adoption of newer IV equipment, the rise in prevalence of chronic diseases due to change in lifestyle, and advanced healthcare infrastructure in the region. Asia Pacific IV equipment market is driven by rising in medical tourism in Asia Pacific countries, the presence of a large patient pool, rise in utilization of advance IV equipment in the region. Latin America IV equipment market growing at significant rate owing to economic growth, increase in healthcare expenditure, and increase in the number of surgical procedures in the region. Middle East and Africa IV equipment market is poised to grow due to rise in adoption of technologically advanced IV equipment, and government initiations for protecting the public health middle east countries.

 

Competition Assessment:

Some of the players in the global IV equipment market include:

  • Becton, Dickinson and Company (U.S.)
  • Terumo Corporation (Japan.)
  • Fresenius SE & Co. KGaA (Germany)
  • Braun Melsungen AG (Germany)
  • AngioDynamics, Inc. (U.S.)
  • R. Bard, Inc. (U.S.)
  • ICU Medical, Inc. (U.S.)
  • Baxter International Inc. (U.S.)
  • Moog, Inc. (U.S.)
  • Smiths Medical (U.K.)

 

Notable Market Developments:

  • In April 2017, Becton, Dickinson and Company acquired Caesarea Medical Electronics for expansion of product portfolio including homecare, ambulatory, and hospital IV equipment

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2015 – 2019) and Forecast (2020 – 2026)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market


Location

GEOGRAPHY

PBI Location Map

ASIA PACIFIC OFFICE

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