Intravenous Access Devices Market Future Business Opportunities 2021-2028 | Becton, Dickinson And Company, Teleflex, Inc., C.R. Bard, Inc.

Overview
Intravenous access devices allow repeated and long-term access to the bloodstream for frequent or regular administration of drugs, like intravenous (IV) antibiotics.
Market Statistics
The global intravenous access devices market was valued at US$ 39,834.8 million in 2019 and is expected to exhibit a CAGR of 6.7% over the forecast period (2019-2027)
Global Intravenous Access Devices Market- Drivers
High prevalence of chronic diseases is expected to propel growth of the global intravenous access devices market over the forecast period. For instance, according to The American Cancer Society, the U.S. is expected to register around 80,470 new cases of bladder cancer (about 61,700 in men and 18,770 in women) and 17,670 deaths from bladder cancer (about 12,870 in men and 4,800 in women) in 2019.
Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, According to the World Health Organization, The geriatric population in Europe is expected to increase from 894 million in 2019 to 910 million in 2020. The number of people aged 85 years and older is projected to rise from 14 million to 19 million by 2020 and to 40 million by 2050.

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Global Intravenous Access Devices Market: Opportunities
R&D in peripherally inserted central catheters is expected to offer lucrative growth opportunities for players in the global intravenous access devices market. For instance, in August 2019, researchers from NICU, General Hospital “Agios Panteleimon”, Greece, and Royal Alexandra Children’s Hospital Brighton, U.K., reported that incidence of complications associated with the use of umbilical venous catheters and peripherally inserted central catheters in very low birth weight infants did not significantly differ in the study.
Covid-19 Impact Analysis:
Globally, as of 5:45pm CEST, 22 October 2021, there have been 242,348,657 confirmed cases of COVID-19, including 4,927,723 deaths, reported to WHO. As of 21 October 2021, a total of 6,655,399,359 vaccine doses have been administered. Partially correct. The increase in cases of COVID-19 has led to increased numbers of subsequent vascular access. However, low focus on other infection compared to Covid-19 has also led to significant rise in cases of hospital-acquired infections.
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Market Trends:
Asia Pacific is expected to witness significant growth in the global intravenous access devices market, owing to high prevalence of chronic diseases in the region. For instance, according to the study, ‘The Prevalence of Osteoporosis in China, a Nationwide, Multicenter DXA Survey’, published in October 2019, in The Journal of Bone and Mineral Research, the age-standardized prevalence of osteoporosis at the spine or hip was 6.46% and 29.13% for men and women aged 50 years and older, respectively. A total of 10.9 million men and 49.3 million women in China were estimated to have osteoporosis.
Global Intravenous Access Devices Market- Competitive Landscape
Major players operating in the global intravenous access devices market include Baxter International Inc., Becton, Dickinson and Company, Covidien Plc, C.R. Bard, Inc., Fresenius Medical Care AG & Co., Hospira, Inc., Smiths Medical, Inc., and Teleflex, Inc.
Global Intravenous Access Devices Market- Key Developments
Major players operating in the global intravenous access devices market are focused on adopting M&A strategies to expand their product portfolio. For instance, in October 2019, AngioDynamics signed a US$ 66 million deal to acquire Eximo Medical, which includes US$ 46 million upfront plus up to an additional US$ 20 million in technical and sales-based milestones.

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1. Overview and Scope

1.1. Research goal & scope

1.2. Research assumptions

1.3. Research methodology

1.3.1. Primary data sources

1.3.2. Secondary data sources

1.4. Key takeaway

1.5. Stakeholders

2. Executive Summary

2.1. Market definition

2.2. Market segmentation

3. Intravenous Access Devices Products Market Insights

3.1. Intravenous Access Devices Products - Industry snapshot

3.1.1. Leading Companies

3.1.2. Key Companies to Watch

3.2. Intravenous Access Devices Products - Ecosystem analysis

3.2.1. Market overview

3.2.2. Commercial Landscape

3.3. Intravenous Access Devices Products Market Dynamics

3.3.1. Market Forces

3.3.1.1. Market Driver Analysis

3.3.1.2. Market Restraint/Challenges analysis

3.3.1.3. Market Opportunity Analysis

3.4. Industry analysis – Porter’s five forces

3.4.1. Bargaining power of supplier

3.4.2. Bargaining power of the buyer

3.4.3. Threat of substitute

3.4.4. The threat of new entrant

3.4.5. Degree of competition

3.5. Market PEST Analysis

3.6. Market Value Chain Analysis

3.7. Industry Trends

3.8. Competitive Ranking Analysis

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