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Global IV Tubing Sets and Accessories Market: Trends, Drivers, and Key Players- B. Braun Melsungen AG, Fresenius Kabi AG, Smiths Medical, ICU Medical

02-24-2023 11:19 AM CET | Health & Medicine

Press release from: Persistence Market Research

IV Tubing Sets and Accessories

IV Tubing Sets and Accessories

The IV tubing sets and accessories market refers to the global industry involved in the production and distribution of intravenous (IV) tubing sets and associated accessories used in medical settings to administer fluids, medications, and other treatments to patients.

Some of the key players in the IV tubing sets and accessories market include B. Braun Melsungen AG, Fresenius Kabi AG, Smiths Medical, Inc., ICU Medical, Inc., Baxter International Inc., and Medline Industries, Inc. The market is highly competitive, with companies competing on factors such as product quality, innovation, and pricing.

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IV tubing sets and accessories are essential components of IV therapy, which is commonly used in hospitals, clinics, and other healthcare settings to provide patients with various treatments such as hydration, blood transfusions, and medication delivery. These sets typically include tubing, connectors, clamps, and other components necessary for the safe and effective delivery of fluids and medications.

The market for IV tubing sets and accessories is driven by several factors, including the increasing prevalence of chronic diseases such as cancer and diabetes, the rising demand for home healthcare services, and the growing use of IV therapy in emergency medicine and critical care settings. The market is also influenced by advances in technology and the development of new materials and products that offer improved safety, accuracy, and ease of use.

The IV tubing sets and accessories market is expected to continue growing in the coming years, driven by factors such as the increasing demand for IV therapy in home healthcare settings, the rising geriatric population, and the growing prevalence of chronic diseases. However, the market may also face challenges such as regulatory pressures, product recalls, and pricing pressures from competitors.

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In 2021, the market for high flow oxygen therapy equipment generated $1.7 billion in global revenue. Nonetheless, it is predicted that the global market will contract at a CAGR of -2.4% to reach a market worth of roughly US$ 1.4 Billion by 2032.
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

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