Intravenous (IV) Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Intravenous (IV) Equipment Market is segmented by Type, End-User (Hospitals, Ambulatory Surgical Centers, Others), and Geography

Intravenous (IV) Equipment Market Snapshot

Intravenous (IV) Equipment Market
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.3 %

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Market Overview

  • Over the last decade, there has been a rise in the prevalence of several chronic diseases that need vascular access treatment. Some of the major chronic diseases include cancer, kidney failure, and heart diseases among others and several lifestyle disorders such as hypertension, diabetes, obesity, and depression, among others, which need critical care during their hospitalization. The rise in such chronic diseases is augmenting the growth of the market studied.
  • Additionally, increasing number of surgeries globally is also a major factor driving the market growth.  The All India Institute of Medical Science (AIIMS), has stated that it had performed 1.94 lakh surgeries in 2018 and has become the institute, who has performed maximum surgeries across the world during that year.
  • However, medication errors associated with infusion pumps leading to product recalls and stringent regulatory scenario are the major factors that are hampering the growth of the market globally.  According to the Institute of Medicine (U.S.), approximately 1.5 million patients annually experience medication errors costing USD 8,750 per PADE (Potential Adverse Drug Event).

Scope of the Report

As per the Scope, IV administration means that the patient receives substances directly to their veins through a tube called a cannula. This could be either medication or nutrition. IV Therapy is a common practice for administering fluids to dehydrated patients, medications, chemotherapy treatments, and blood transfusions. There are different kinds of IV equipment such as IV Catheters, Infusion Pumps, Securement Devices, Administration Sets e.t.c used during the IV administration.

By Type
IV Catheters
Infusion Pumps
Securement Devices
Administration Sets
Drip Chambers
Others
By End-User
Hospitals
Ambulatory Surgical Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

IV catheters segment Holds Significant Share in Intravenous (IV) Equipment Market

  • IV catheters are the essential tools to deliver IV medications, blood products, and nutritional fluids to patients. There are different types of IV catheters namely Peripheral IV catheters , Central Venous Catheters, or Midline Catheters. Healthcare providers administer and use each type of IV catheter for specific treatment purposes.
  • Increasing demand for the short closed peripheral IV catheter as they are capable of lessening the complications during the intravenous procedures will propel the IV catheters segment growth. Additionally, closed IV catheter system offer protection against the risks associated with the needle-stick injury.
  • Hence, the  advantages and introduction of novel products will accelerate the demand for  IV catheters during the forecast period.
  • For instance, In January 2018, B. Braun Melsungen introduced the Introcan Safety Deep Access IV Catheters to its portfolio of products that help improve the success of peripheral intravenous (PIV) access.
Intravenous (IV) Equipment Market

North America Dominates the Global Intravenous (IV) Equipment Market

  • The current growth of the North America IV Equipment market can be primarily attributed to home healthcare segment and patients and physicians, who are steadily adopting new technologically advanced products for regular treatment of chronic disease conditions.
  • Additionally, growing prevalence of chronic diseases, increasing surgical procedures in the region and frequent product launches by the major market players in the region are also driving the market growth in North America region.
  • As per the OECD stats, in Canada, the number of surgeries performed was 378,448 during 2013 and it increased to 396,218 in 2017. In France, surgeries performed in 2014 was 773,308 and it raised to 863,837 by 2017. Rising number of surgeries indicate the demand for IV equipment.
  • In March 2018, Smiths Medical commercially launched its FDA approved Delta Med SpA’s DeltaVen Closed System Catheter. DeltaVen is the next advancement in Peripheral IV Catheters (PIVC); offering the needle, extension tubing, and an option for a needleless connecter in an “all in one” catheter.
Intravenous (IV) Equipment Market

Competitive Landscape

Global IV Equipment market is moderately competitive with the presence of local as well as international companies. Strong competition and rapid technological advancements are key factors that are fueling the market growth. During May 2019, Dale Medical Products, Inc. introduced new Hold-n-Place Catheter Securement Products. Hold-n-Place Catheter Securement Devices are available in two sizes: one for IV, arterial and mid-line catheter securement and another for CVC, PICC and arterial sheath securement. Such product launches are increasing the competition in the market studied.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Chronic Diseases Coupled with Rising Geriatric Population

      2. 4.2.2 Increasing Number of Surgeries Globally

    3. 4.3 Market Restraints

      1. 4.3.1 Medication Errors Associated with Infusion Pumps Leading to Product Recalls

      2. 4.3.2 Stringent Regulatory Scenario

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 IV Catheters

      2. 5.1.2 Infusion Pumps

      3. 5.1.3 Securement Devices

      4. 5.1.4 Administration Sets

      5. 5.1.5 Drip Chambers

      6. 5.1.6 Others

    2. 5.2 By End-User

      1. 5.2.1 Hospitals

      2. 5.2.2 Ambulatory Surgical Centers

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 3M

      2. 6.1.2 Baxter

      3. 6.1.3 Becton, Dickinson and Company

      4. 6.1.4 B. Braun Melsungen AG

      5. 6.1.5 EuroLife Healthcare Pvt. Ltd

      6. 6.1.6 Henry Schein, Inc

      7. 6.1.7 ICU Medical, Inc

      8. 6.1.8 Polymedicure

      9. 6.1.9 Smiths Medical

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Intravenous (IV) Equipment Market market is studied from 2018 - 2026.

The Intravenous (IV) Equipment Market is growing at a CAGR of 4.3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Becton, Dickinson and Company, B. Braun Melsungen AG, 3M, Henry Schein, Inc., Smiths Medical are the major companies operating in Intravenous (IV) Equipment Market.

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