Intravenous Access Devices Market Rapid Growth By Top Players Becton, Dickinson and Company, B. Braun Melsungen AG, Teleflex, Inc., C.R. Bard, Inc., Fresenius Medical Care, Smiths Medical, Hospira, Inc., Covidien Plc, Fresenius Medical Care AG & Co., and

Intravenous procedures are highly preferred to treat cardiovascular disease are expected to drive growth of the intravenous access devices market over the forecast period. Key players operating in the market are focusing on development of new intravenous devices for treatment of diabetes and coronary heart disease to expand their market share. According to World Health Organization (WHO), in 2016, around 10% adults out of around 110 million people suffered from diabetes in China. The number is projected to reach around 150 million by 2040.

The manufacturers have opportunity to tap major market share in case of emerging economies, as around 50% percent of population live with undiagnosed lifestyle diseases. For instance, as per WHO, in 2016, around 53% of people suffering from diabetes were undiagnosed in China.

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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.

As per United Nations Population Fund, people aged 60 years and above accounted for 12.3% of the global population in 2015, which is expected to increase to 22% by 2050. The factors behind aging population in developed region are developed healthcare services and access of healthcare facilities to people, better nutrition, sanitation and economic development.

Competitive Analysis

Some major players operating in the intravenous access devices market includes Becton, Dickinson and Company, B. Braun Melsungen AG, Teleflex, Inc., C.R. Bard, Inc., Fresenius Medical Care, Smiths Medical, Hospira, Inc., Covidien Plc, Fresenius Medical Care AG & Co., and Baxter International.

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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

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