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IV Equipment Market Soar 6.2% CAGR and Worth US$ 13.63 Billion by 2022, Globally

12-21-2018 02:24 PM CET | Health & Medicine

Press release from: ReportsnReports

Objective of IV equipment market report to define, describe, & forecast market on basis of product, end user, & region. It provides detailed information regarding major factors influencing growth of market. Drivers, restraints, opportunities, challenges, & trends in market have also been taken consideration while preparing this report.

The IV equipment market expected to grow at a CAGR of 6.2% from 2017 to 2022, to reach USD 13.63 billion by 2022 from USD 10.07 billion in 2017. Market growth can be attributed to a number of factors such as the increasing incidence of chronic diseases, rapid growth in the aging population, and growing number of surgical procedures.

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In global IV equipment market North America accounted for largest share, followed by Europe, Asia-Pacific, Latin America, & Middle East and Africa. This large share of North American region can be attributed to rising geriatric population, increasing prevalence of chronic diseases, presence of a well-established healthcare industry, growing demand for advanced medical treatments, presence of major players, & increasing government healthcare expenditure.

IV equipment market segmented into IV catheters, administration sets, infusion pumps, securement devices, stopcocks & check valves, drip chambers, needleless connectors. Securement devices segment expected to grow at highest CAGR during forecast period. This can be attributed to the increasing healthcare expenditure and rising demand for minimally invasive surgeries.

Break-up profile of primaries:
• By Company Type- Tier 1-40%, Tier 2-35% and Tier 3-25%
• By Designation-C-level-33%, D-level-41% and Others-26%
• By Region-North America-35%, Europe-30%, Asia-Pacific-21% and RoW-14%

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The global IV equipment market ecosystem comprises of the following players, namely, Becton, Dickinson and Company (U.S.), B. Braun Melsungen AG (Germany), Baxter International Inc. (U.S.), Fresenius SE & Co. KGaA (Germany), ICU Medical, Inc. (U.S.), Smiths Medical (U.K.), Moog, Inc. (U.S.), Terumo Corporation (Japan.), C. R. Bard, Inc. (U.S.), and AngioDynamics, Inc. (U.S.).

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on portfolios offered by the top players in the global IV equipment market. The report analyzes the IV equipment market by product, end user, and region.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the IV equipment market
• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for IV equipment across regions
• Market Diversification: Exhaustive information about new products, untapped geographies, and recent developments in the global IV equipment market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global IV equipment market

Click here for more information on IV equipment market research report now at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1020863 .

Geographically, North America is the largest market for IV equipment, followed by Europe and Asia-Pacific. The Asia-Pacific region is expected to witness the highest growth in the forecast period. Factors such as the presence of a large patient pool, rising geriatric population, growing utilization of technologically advanced IV products, increasing focus on home healthcare, growing healthcare expenditure, rapidly developing healthcare infrastructure, and increasing per capita income are driving the growth of the IV equipment market in the Asia-Pacific.

IV equipment market drivers
1 Increasing Incidence of Chronic Diseases and Rising Geriatric Population
2 Growing Number of Surgical Procedures Performed
3 Rising Demand for Ambulatory Infusion Pumps Due to the Growing Home Care Market
4 Rising Number of Needlestick Injuries and Infections

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Mr. Vishal
Tower B5, Office 101,
Magarpatta City SEZ,
Pune-411013, India

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