IV Equipment Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2015 – 2020) and Forecast (2021 – 2027)

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IV Equipment Market: By Product Type (Infusion Sets, IV Catheters, Check Valves and Stop Cocks, Needless Connectors, Securement Devices, Drip Chambers, Others), By End User (Hospitals, Clinics, Ambulatory Surgical centers, Homecare), and Geography

 

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Report

Description

The global IV equipment market size expected to reach USD 14.62 billion by 2026, at a CAGR of 6.2% during the forecast period 2021 to 2027. 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 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.

IV Equipment Market

MARKET SUMMARY
-
6.2% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 6.2%
  • Largest Market– Europe
  • Fastest Growing Market– North America

IV Equipment Market

  • The report on global IV equipment market gives historical, current and future market sizes (US$ Mn) based on product type, end user and region.
  • IV equipment market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Terumo Corporation
  • Fresenius SE & Co. KGaA
  • Braun Melsungen AG
  • AngioDynamics, Inc.
  • R. Bard, Inc.
  • ICU Medical, Inc.
  • Baxter International Inc.
IV Equipment Market

Drivers And Restraints

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.


North-America got significant share

IV Equipment Market

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.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

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

Key Features of the Report

IV Equipment Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

Description

The global IV equipment market size expected to reach USD 14.62 billion by 2026, at a CAGR of 6.2% during the forecast period 2021 to 2027. 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 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.

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