Global Intravenous Access Devices Market, By Product (Intravenous Catheters, Intravenous Infusion Pumps, Intravenous Needles), End User (Hospitals and Clinics, Ambulatory Surgery Centers, Dialysis Centers, Home Care, Others), Application (Medication Administration, Administration of Fluid and Nutrition, Transfusion of Blood Products, Diagnostic Testing), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Intravenous access devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 9121.23 million by 2028 growing at a CAGR of 5.78% in the above-mentioned forecast period. The growing awareness among the physicians and patients regarding the benefits of intravenous access devices which will further create various opportunities for the growth of the market.
A system for intravenous access prevents air from entering the blood stream and enables the flow rate to be estimated. Intravenous access systems are used for several purposes, such as the correction of electrolyte imbalances, the administration of drugs, the removal of fluids or the transfusion of blood. In addition, in cases of dehydration, it may also be used.
Surging volume of patients suffering from tuberculosis and cancer, increasing prevalence of geriatric population across the globe, rising number of smokers worldwide, rapid urbanization along with growing development of new vaccines and use of advanced technology to design new products, increasing levels of disposable income of the people are some of the major as well as vital factors which will likely to augment the growth of the intravenous access devices market in the projected timeframe of 2021-2028. On the other hand, rising number of hospitalizations, growing number of lifestyle changes, rising healthcare expenditure along with development of improved healthcare infrastructure which will further contribute by generating massive opportunities that will lead to the growth of the intravenous access devices market in the projected timeframe mentioned above.
Risk associated with using needles along with lenient government regulations for approving IV insulin infusion pumps which will likely to act as market restraints factor for the growth of the intravenous access devices in the projected timeframe mentioned above. Prolonged hospitalization required before the placement of the intravenous access device along with cumbersome procedure of inserting the device which will become the biggest and foremost challenge for the growth of the market.
This intravenous access devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on intravenous access devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Intravenous Access Devices Market Scope and Market Size
Intravenous access devices market is segmented on the basis of product, application, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the intravenous access devices market is segmented into intravenous catheters, intravenous infusion pumps, and intravenous needles. Intravenous catheters have been further segmented into midline peripheral catheter, and central catheters. Central catheters have been further sub segmented into centrally inserted catheters, and midline peripheral catheters. Intravenous infusion pumps have been further segmented into parenteral feeding infusion pumps, intravenous insulin infusion pumps, intravenous syringe infusion pumps, and intravenous patient controlled analgesia (PCA) infusion pumps.
- Intravenous access devices market has also been segmented based on the end user into hospitals and clinics, ambulatory surgery centers, dialysis centers, home care, and others.
- Based on application, the intravenous access devices market is segmented into medication administration, administration of fluid and nutrition, transfusion of blood products, and diagnostic testing.
Intravenous Access Devices Market Country Level Analysis
Intravenous access devices market is analysed and market size insights and trends are provided by country, product, application, and end user as referenced above.
The countries covered in the intravenous access devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the intravenous access devices market due to the increasing geriatric population along with rising prevalence of wide pool of patients, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2021 to 2028 due to the increasing occurrences of target diseases along with prevalence of geriatric population and improving healthcare infrastructure in the region.
The country section of the intravenous access devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Intravenous access devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for intravenous access devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the intravenous access devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Intravenous Access Devices Market Share Analysis
Intravenous access devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to intravenous access devices market.
The major players covered in the intravenous access devices market report are BD; B. Braun Melsungen AG; Teleflex Incorporated.; Medtronic; Smiths Group PLC; Pfizer Inc.; Fresenius Medical Care AG & Co. KGaA; Baxter.; Siemens Healthcare Private Limited; Terumo Medical Corporation; NIPRO; Edwards Lifesciences Corporation.; General Electric; AngioDynamics.; Cook; Deltamed.; Galt Medical Corp.; ICU Medical, Inc.; VYGON (UK) LTD; Retractable Technologies, Inc.; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.