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Intravenous Equipment Market Size - By Type (Securement Device, IV Tubing Sets, IV Fluids, IV Pumps, IV Catheters, Cannula, Stopcock, Needless Connector, Drip chamber, Hypodermic needles, Tourniquet, Other); By End-User (Hospitals, Clinics, Home Care Settings, Others) and By Region: Global Forecast, 2024 – 2033

  • PUBLISHED ON
  • 2023-12-18
  • NO OF PAGES
  • 204
  • CATEGORY
  • Healthcare & Life Sciences

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

Report Attributes

Description

Market Size in 2024

USD 23.12 Billion

Market Forecast in 2033

USD 36.68 Billion

CAGR % 2024-2033

6.22%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Growth Drivers

The growth in the number of surgical procedures, both in hospitals and outpatient settings, contributes to the demand for intravenous equipment.

Growing awareness of the importance of infection control and patient safety has led to the development of IV equipment with enhanced safety features, such as closed-system catheters and needleless connectors.

Ongoing advancements in healthcare technology, including improvements in IV catheters, infusion pumps, and accessories, contribute to the overall growth of the IV equipment market.

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Type, By End-User and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

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:

Market Segments

 

By End-User

·         Hospitals

·         Clinics

·         Home Care Settings

·         Others

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.

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Intravenous Equipment Market in 2022?

Intravenous Equipment Market was valued at USD 21.23 Billion in 2022.

What is the growth rate for the Intravenous Equipment Market?

Intravenous Equipment Market size will increase at approximate CAGR of 6.22% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Intravenous Equipment Market are 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 and Other.

Which region dominates the Intravenous Equipment Market?

North America dominates the market with an active share of 47%.

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