Intravenous Access Devices Market – Rise in prevalence of the diseases is anticipated to fuel the Demand 2025

Increase in prevalence of diabetes, road accidents and increase in number of surgical procedures. As per the stats published by Centers for Disease Control and Prevention in the year 2016 more than 29 million Americans are living with diabetes, and 86 million are living with pre-diabetes.

The global intravenous access device market was valued at US$ 34,100.7 million in 2016 and is expected to witness a robust CAGR of 6.6% during the forecast period (2017-2025).

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Rise In Incidences Of Different Disease Is Expected To Fuel The Growth Of The Intravenous Access Devices Market In The Near Future.

North America accounts for the largest share in the global intravenous access devices market, followed by Europe. This mainly attributed to rapidly aging population, increase in the incidence rate of various disease such as cancer, kidney failure, diabetes and other life style inflicted diseases are some of the major factors that are expected to drive the intravenous access market. As per the stats published by Centers for Disease Control and Prevention (CDC), in 2012, around 29.1 people were living with diabetes in the U.S. Furthermore, in 2012, 1.7 million people were newly diagnosed for diabetes in U.S.

The intravenous access devices market is expected to show high growth rate in Asia-Pacific region over the forecast period supported by increase in prevalence rate of lifestyle disease such as diabetes. According to World Health Organization (WHO), in 2016, around 110 million people were living with diabetes in China and this number is expected to reach 150 million in 2040 due to unhealthy habits and lack of physical activity.

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Increase In Preference Of Intravenous Access Devices For Diagnosis Of The Disease By Advance Technology Is Expected To Favor The Growth Of Intravenous Access Devices Market -

Intravenous access devices are used to perform diagnostic test, blood sampling, blood transfusion, reading central venous pressure and fluid infusion. Intravenous access device is also attributed to rapidly aging population. According to National Institute on Aging in 2010 it was estimated that 524 million people were aged 65 or older that is 8% of the world's population and by 2050, which is expected to nearly triple the number to 1.5 billion, representing 16% of the world's population. This above statistics is expected favor the growth of intravenous access devices market. Whereas latest techniques, such as ultrasound-guided catheter tip have helped to increase the efficiency of these devices.

Market Dynamics:

Rising incidence of cardiovascular disease due to increase in the prevalence of diabetes, high blood pressure cases and number of smokers worldwide is expected to favor the demand for intravenous access device around the globe.

According to World Health Organization (WHO), in 2015 around 17.7 million people died due to cardiovascular disease worldwide. Furthermore, the majority of deaths are occurred in emerging economies due to high prevalence rate and lack of healthcare services in rural areas.

Also, increasing aging population and rising demand for intravenous access are the other factors leading to the growth of intravenous access device market in developed as well as emerging economies.

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Detailed Segmentation:

Global Intravenous Access Devices Market, By Product Type:
IV Catheters
IV Infusion Pumps
IV Needles

Global Intravenous Access Devices Market, By Catheters:
Midline Peripheral Catheters
Peripherally Inserted Central Catheters
Centrally Inserted Central Catheters
Others

Global Intravenous Access Devices Market, By End User:
Hospitals and clinics
Ambulatory surgery centers
Others

Global Intravenous Access Devices Market, By Geography:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Company Profiles

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This release was published on openPR.