Intravenous (IV) Equipment Market Size - By Product (IV Catheters, Administration Sets, Infusion Pumps, Securement Devices, Drip Chambers, Stopcocks and Check Valves, Needless Connectors), By End-use– Global Forecast 2023-2032
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIntravenous (IV) Equipment Market Size - By Product (IV Catheters, Administration Sets, Infusion Pumps, Securement Devices, Drip Chambers, Stopcocks and Check Valves, Needless Connectors), By End-use– Global Forecast 2023-2032
Intravenous Equipment Market Size
Intravenous Equipment Market size was valued at USD 14.4 billion in 2022 and is estimated to account for USD 27.2 billion by 2032. Intravenous (IV) equipment refers to the devices, instruments, and supplies used in intravenous therapy. It includes a range of products such as IV catheters, intravenous infusion pumps, IV sets, connectors, and accessories.
IV equipment is specifically designed to facilitate the administration of fluids, medications, or nutrients directly into the patient's veins. This method allows for rapid and controlled delivery of substances into the bloodstream, ensuring efficient absorption and distribution throughout the body. IV equipment plays a critical role in healthcare settings, enabling healthcare professionals to deliver essential treatments and therapies effectively. Key factors driving the industry expansion include the rising prevalence of chronic diseases, technological advancements in novel drug delivery systems, increasing healthcare expenditure, and the demand for efficient patient care.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Intravenous Equipment Market Size in 2022 | USD 14.3 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 6.7% |
| 2032 Value Projection | USD 27.2 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 210 |
| Tables, Charts & Figures | 288 |
| Segments covered | Product, End-use, and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
Surgeries are on the rise worldwide, and with them comes the need for reliable and safe IV equipment. Hospitals use IVs toGive fluids to patients Administer anesthesia Manage pain after surgery According to the National Library of Medicine, there are about 310 million major surgeries done every year around the world. Around 40-50 million of those happen in the US, and 20 million in Europe. Sadly, some patients don't do well after surgery. Studies show that 1-4% of patients die, and up to 15% have serious problems. Additionally, within 30 days of surgery, 5-15% of patients may need to go back to the hospital.
COVID-19 Impact
The COVID-19 pandemic had a positive impact on the intravenous equipment market. Increased hospitalizations and critical care needs of COVID-19 patients led to a higher demand for IV equipment, including infusion pumps, catheters, and IV sets. The need for intravenous medications specific to COVID-19 treatment further fuelled the market. Emphasis on infection control and the rise in home healthcare during the pandemic. The ongoing need for IV therapy, advancements in technology, and the trend towards home healthcare.
Intravenous Equipment Market Trends
Sadly, we're seeing more and more people suffering from serious illnesses like cancer, diabetes, heart disease, and autoimmune disorders. In the U.S., for example, the American Autoimmune Related Diseases Association (AARDA) says there are over 100 autoimmune diseases that affect more than 50 million people. And the International Agency for Research on Cancer (IARC) reported in 2020 that about 1 in 5 people worldwide will develop cancer at some point in their lives. Because of these rising numbers and the need for effective treatments, doctors and nurses rely on IV equipment to give patients their medications, fluids, and nutrients through a vein. This way, the treatments can reach the body quickly and directly.
Intravenous Equipment Market Analysis
Hey there! Imagine you're setting up an IV for a patient. You'll need a whole bunch of different things, likeIV cathetersThese are the tiny tubes that go into the patient's vein so that fluids and meds can be given directly into their bloodstream. Administration sets These are the tubes and bags that hold the fluids and meds and let them flow into the patient. Infusion pumpsThese devices control how fast the fluids and meds flow into the patient. Securement devices These help keep the IV catheter in place so it doesn't move around. Drip chambersThese are the little chambers that you can use to check how fast the fluids are flowing. Stopcocks and check valves These are like little switches that you can use to stop or start the flow of fluids. Needless connectorsThese are used to attach the IV catheter to the administration set without using a needle. Other stuff There's some other stuff you might need too, like gloves and alcohol pads. The IV catheter market is huge, and it's only getting bigger because more and more people are being treated for chronic diseases like cancer and diabetes. IV catheters are used for all kinds of IV treatments, and new ones are always being developed to make them more comfortable and safer for patients.
Picture thisyou're at the hospital or clinic, and you need an IV drip for a medical procedure. The equipment that makes that IV drip possible is part of a vast market called the intravenous equipment market. This market is like a pie, and different slices represent different places where IV equipment is used. The biggest slice belongs to hospitals and clinics, because they perform the most IV procedures. It's like having a huge kitchen with lots of pots and pans! Hospitals and clinics need all sorts of fancy IV equipment to keep their patients safe and comfortable. They have special machines that regulate the flow of fluids and fancy pumps that administer medications. In 2022, hospitals and clinics took a huge chunk of the IV equipment market, like 34%. That's because they have the most patients who need IVs, and they want the best gear to take care of them. For example, a report from the American Hospital Association said that in 2022, over 33 million patients were admitted to hospitals in the US. That's a lot of people who might need IVs!
U.S. intravenous equipment market accounted for USD 5.4 billion revenue size in 2022. Increasing geriatric population base along with the rising incidence of cancer in the country will drive the U.S. industry progression. For instance, according to the American Cancer Society, it is projected that in 2023, there will be approximately 2 million new cases of cancer and an estimated 609,820 cancer-related deaths in the U.S. Moreover, growing awareness regarding remote patient monitoring devices for improved accuracy, portability, connectivity, and user-friendly interface will boost market adoption rate.
Intravenous (IV) Equipment Market Share
Some of the eminent industry participants operating in the intravenous equipment market include
- B. Braun Melsungen AG
- 3M
- Terumo Corporation
- Abbott
- Teleflex Incorporated
- BD
- Henry Schein, Inc.
- Smiths Medical
- Baxter
- Ascor S.A.
- Moog Inc.
- AngioDynamics.
- ICU Medical, Inc.
- Fresenius SE & Co. KGaA
- Animas LLC
- Arcomed Ag
- International WIN, LTD.
- The Metrix Company
Intravenous (IV) Equipment Industry News
- In May 2023, Terumo announced the establishment of a state-of-the-art manufacturing facility at its esteemed Kofu Factory. This strategic move by the Medical Care Solutions Company involved a substantial capital investment of USD 360 million.
- In July 2022, B. Braun Medical Inc. introduced the Introcan Safety 2 IV catheter, including a one-time blood control mechanism. This advanced IV catheter enhances the safety of healthcare professionals by mitigating the potential for needlestick injuries and minimizing their exposure to blood during catheter insertion.
Intravenous equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments
Click here to Buy Section of this Report
By Product (USD Million & Units)
- IV catheters
- Administration sets
- Infusion pumps
- Securement devices
- Drip chambers
- Stopcocks and check valves
- Needless connectors
- Others
By End-use (USD Million)
- Hospitals and clinics
- Diagnostic centers
- Ambulatory surgical centers
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Switzerland
- The Netherlands
- Denmark
- Poland
- Sweden
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- New Zealand
- Thailand
- Vietnam
- Indonesia
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Turkey
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy