Market Overview

Intravenous Equipment Market Size is projected to achieve a value of USD 23.12 Billion in 2024, with a linear behavior in the market growth it is forecasted to achieve a value of USD 36.68 Billion by 2033 with a CAGR of 6.22% during the forecast period 2024-2033.

SOURCE: We Market Research

The term intravenous (IV) equipment describes the instruments and devices used to inject drugs, nutrients, or fluids straight into a patient's vein. Usually, it consists of things like tubing, IV catheters, infusion pumps, and solution containers. The accurate delivery of drugs into the bloodstream made possible by IV equipment enables quick absorption and distribution throughout the body. This technique is essential for emergency care, hydration, medicine administration, chemotherapy, and other medical contexts as it provides a quick and effective means of putting essential medications straight into the circulatory system.

The Intravenous Equipment Market is expanding due to a number of factors. The precision and comfort of patients receiving intravenous therapy are greatly improved by technological developments in infusion pumps, catheters, and accessories. The need for IV equipment is driven by an older population that is more susceptible to illness and by a rise in chronic conditions that necessitate ongoing medication administration. Additionally, the rising incidence of diseases like diabetes and cancer promotes market growth. A constant upward trend in the use and development of intravenous equipment is shown by the market's other propelling factors, which also include the increase in surgical procedures, emergency care needs, and the uptake of home healthcare.

Market Scope

Intravenous Equipment Industry: Drivers & Restrains

Market Drivers

Growing Number of Surgical Procedures - The rise in surgical procedures is an immediate factor in of the requirement for intravenous equipment. During surgical operations, pre-operative hydration, the administration of anesthesia, and intravenous therapy for post-operative pain control are usually required. The variety and complexity of surgical procedures increase the need for precise fluid control and medicine delivery, which improves the use of infusion pumps, catheters, and other IV equipment. Due to this increase in surgical activity in various medical disciplines, including orthopedics, cancer, and cardiovascular procedures, there is a direct correlation between the expanding number of surgeries and the growing demand for IV instruments and devices.

Technological advancements in IV equipment - The Intravenous Equipment Market is driven by technological improvements that improve patient experience, safety, and precision. The precision of drug delivery is improved by advancements in infusion pumps, smart catheters, and monitoring systems, which guarantee ideal dosage and lower errors. Even in home healthcare settings, gadget use is enhanced by portability and miniaturization, providing more versatile treatment alternatives. By integrating with digital platforms, patient care can be optimized through remote monitoring and customized therapy. In addition to streamlining healthcare delivery, these developments also boost user confidence, encouraging the usage of cutting-edge IV equipment and propelling market expansion as healthcare professionals look for more patient-centered, patient-safe, and efficient solutions.

Market Restrains 

Concerns Regarding Infections - The Intravenous Equipment Market is severely constrained by concerns about infections. Bloodstream infections caused by catheters are still a serious problem, necessitating strict infection control procedures and closer examination of the sterility of medical equipment. Healthcare practitioners place a high priority on infection control measures, which has raised the need for sterile procedures during device insertion and specific catheters coated with antibiotics. To address these issues and reduce the risk of infection, materials and design innovation must be ongoing. Furthermore, as healthcare institutions prioritize infection-resistant intravenous equipment to maintain patient safety and prevent healthcare-associated infections, strict adherence to best practices and standards becomes critical, impacting purchase decisions and influencing market dynamics.

Intravenous Equipment Segmentation

Market- By Type Analysis

By Type, the Intravenous Equipment Market is Categories into Securement Device, IV Tubing Sets, IV Fluids, IV Pumps, IV Catheters, Cannula, Stopcock, Needless Connector, Drip chamber, Hypodermic needles, Tourniquet, Other. The IV Catheters segment accounts for the largest share of around 44% in 2022. This is because hospitals and clinics are using IV catheters more frequently to administer blood products, drugs, and fluids.

The following segments are part of an in-depth analysis of the global Intravenous Equipment Market:

Intravenous Equipment Industry: Regional Analysis

North America Market Forecast

North America dominate the Intravenous Equipment Market with the highest revenue generating market with share of more than 47%. North America has a strong healthcare system that emphasizes cutting-edge technology. Market expansion is fueled by advances in IV equipment, including as integrated systems and smart pumps.

Europe Market Statistics

Europe is the second-largest market for Intravenous Equipment. The rapid aging of Europe's population is driving up the need for IV therapy to address ailments associated with advancing age. Modifications to healthcare regulations also impact the use of advanced IV technology, particularly in countries such as Germany, France, and the UK.

Asia Pacific Market Forecasts

Asia Pacific is expected to be the fastest-growing market for Intravenous Equipment during the forecast period. Market expansion is fueled by rising disposable incomes and government initiatives to upgrade the healthcare system. Furthermore, an increasing population and urbanization increase the need for better healthcare facilities, particularly IV equipment.

Key Market Players

The Intravenous Equipment Market is dominated by a few large companies, such as

·         Hospira, Inc.

·         Nipro Corporation

·         Apria Healthcare Group, Inc.

·         Earth Science Tech

·         American Regent, Inc.

·         Baxter International Inc.

·         Becton, Dickinson and Company

·         B. Braun Melsungen AG

·         Smiths Medical

·         ICU Medical, Inc.

·         Baxter International Inc.

·         Fresenius Kabi AG

·         others

Recent Developments:

·         May 2019, B.Braun Medical declared that it plans to invest in the creation of cutting-edge IV infusion production facilities, which will make the frequent use of essential intravenous fluids by medical professionals safer and more effective.