IV Tubing Sets and Accessories Market Statistics, Facts and Figures, Investment Trends, Key Players and Forecast by 2028

Global IV Tubing Sets and Accessories Market to Grow at CAGR of 4.3%, Predicts QMI

Global IV Tubing Sets and Accessories Market is expected to register CAGR of 4.3% during the forecast period and reach at USD 1.82 billion during the forecast period. The presence of several products from different companies are in the pipeline for approval, which is projected to encourage the growth of the global IV tubing sets and accessories market in the next few years. The increasing pool of patients and the rising manufacturing base is estimated to enhance the growth of the global IV tubing sets and accessories market in the next few years. In addition to this, the rising number of patients who are suffering from chronic pain and diabetes is estimated to accelerate the growth of the market in the coming few years.

As per the recent trends, the companies have various strategic collaborations and the growing support of government and healthcare agencies are expected to have a synergistic effect on market. Such developments lead to partnership and boost the market competition.
1. In 2019, Scripps Health signed an agreement with ICU Medical, Inc. to enhance its portfolio.
2. In 2017, ICU Medical Inc. announced acquisition of the Hospira Infusion Systems (HIS) business from Pfizer, Inc. including the IV solutions, pumps, and devices. The acquisition helped the company to enhance its infusion therapy segment, thereby increasing its global market share.

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Major Companies of the global market are Dickinson and Company (CareFusion), Zyno Medical, Health Line International Corporation, C.R. Bard, Inc., Baxter International Inc., Perfect Medical Ind. Co., Ltd, Braun Melsungen AG, Becton, Dynarex Corporation, Fresenius Kabi AG, Vygon U.S.A, Nipro Corporation, Smiths Medical, B., Poly Medicure Ltd., ICU Medical Inc., and Hospira Inc. (Pfizer Inc.). and among others.
North America to Grow Rapidly due to Concerns of Healthcare

North America region with higher aging population pool, increasing burden diseases and higher adoption rate of advanced healthcare technologies are currently dominating the market.
The high patient population and increasing government focus on improving the patient awareness, and need for technologically advanced and cost-efficient healthcare solutions are the factors excepted to fuel the demand for the IV tubing sets and accessories in Asia Pacific region during the forecast period.

An Overview of the report
1. The report offers insights on the global market
2. The recent market developments are scrutinized to project latest trends along with growth rate projections
3. Deeper understanding of the competitive landscape of the major companies operating in the market
4. New Opportunities and challenges for the global market
5. Study of innovation and technological advancements in the industry

Experts have systematically examined the market with in-depth research based on deep understanding of the market with extensive analysis. The global market has been classified into numerous segments along with regional analysis to offer understandings on present and forthcoming growth trajectories.

Market Segmentation:
By Product Type:
• Primary IV Tubing Sets
• Secondary IV Tubing Sets
• Extension IV Tubing Sets
• IV Tubing Accessories
• Others

By End-Use:
• Hospitals
• Clinics
• Ambulatory Surgery Centers
• Others

By Applications:
• Peripheral Intravenous Catheter Insertion
• Central Venous Catheter Placement
• PICC Line Insertion

By Region:
• North America IV Tubing Sets and Accessories Market
o By Country (US, Canada, Mexico)
o By Product Type
o By End-Use
o By Applications

• Europe IV Tubing Sets and Accessories Market
o By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
o By Product Type
o By End-Use
o By Applications

• Asia Pacific IV Tubing Sets and Accessories Market
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Product Type
o By End-Use
o By Applications

• Middle East & Africa IV Tubing Sets and Accessories Market
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East & Africa)
o By Product Type
o By End-Use
o By Applications

• South America IV Tubing Sets and Accessories Market
o By Country (Brazil, Argentina, Colombia, Rest of South America)
o By Product Type
o By End-Use
o By Applications

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This release was published on openPR.