IV Equipment Market Overview:
In a recent research report by Reports Insight Consulting Pvt. Ltd, the IV Equipment Market is expected to surpass USD 20.78 Billion by the year 2028, from USD 13.64 Billion in 2021.
IV equipment are directly used to administer fluids and drugs into vein. The equipment also deliver nutrients or medication such as hormones, antibiotics and others into bloodstream. IV equipment are sterilized and pyrogen free to avoid contamination in healthy individuals.
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The end-user segment is divided into hospitals clinics, home care, and ambulatory care centers. Ambulatory care centers are growing at a significant rate owing to high convenience, low cost benefits, and others which in turn drives the IV equipment market.
By region, The Asia-Pacific IV equipment market is expected to grow at a significant rate during the forecast period. The growth is attributed to increasing diagnostics procedures and the surging geriatric population. Further, rising expenditure in the healthcare sector is anticipated to strengthen the growth of the IV equipment market in the Asia Pacific.
The market is projected to grow at a significant pace reaching a CAGR of approximately 6.2 %, over the forecast period of 2022–2028, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
The study is consolidated into major segments and further into sub-segments, such as by Product (IV Catheters, Administration Sets, Infusion Pumps, Securement Devices, Stopcocks Check Valves, Drip Chambers, Needleless Connectors, Other IV Equipment), End-Use (Hospitals Clinics, Home Care, Ambulatory Care Centers), to forecast the IV equipment market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including B. Braun Melsungen AG, Fresenius SE Co. KGaA, Baxter International Inc., Smiths Medical, ICU Medical, Inc., C. R. Bard, Inc., Terumo Corporation, Moog, Inc., AngioDynamics, Inc.
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