Intravenous Equipment Market is estimated to reach $26.7 billion by 2032 | Becton, Dickinson and Company, Teleflex Incorporated., Poly Medicure Ltd., ICU Medical, Inc., 3M Company, Vygon

Key Takeaways:

The IV catheters segment to maintain its leadership status throughout the forecast period.

The hospitals and clinics segment to maintain its lead position during the forecast period.

North America to maintain its dominance by 2032.

The global intravenous equipment market was valued at $15.0 billion in 2022, and is projected to reach $26.7 billion by 2032, growing at a CAGR of 5.9% from 2023 to 2032.

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Major Factors Driving the Growth of Intravenous Equipment Market:

Aging Population: As the global population continues to age, the demand for healthcare services, including IV therapy, has increased. Older individuals often require IV treatments for various medical conditions, contributing to the growth of the market.

Increasing Chronic Diseases: The rise in chronic diseases such as diabetes, cancer, and cardiovascular disorders has led to a greater need for IV therapy. Patients with chronic conditions often rely on IV treatments for medication delivery, fluid replacement, and nutritional support.

Technological Advancements: Advancements in IV technology have improved the safety, efficiency, and ease of IV therapy. For instance, the development of smart IV pumps and catheters with integrated electronic monitoring systems has made IV therapy more precise and reliable.

Market Segmentation:

By Product Type:

IV catheters
Infusion pumps
Administration sets
Type of set:
Solution administration sets
Blood administration sets.
Needleless connectors
Others

By End User:

Hospitals and clinics
Homecare settings
Others

By Region:

North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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Regional Growth Dynamics:

North America held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global intravenous equipment market revenue, owing to its well-developed healthcare infrastructure, high disease prevalence, robust reimbursement policies, presence of key market players, technological advancements, and commitment to patient safety. However, the Asia-Pacific region is expected to witness the fastest CAGR of 6.9% from 2023 to 2032, owing to rapidly growing population, coupled with the increasing prevalence of chronic diseases, creates a significant demand for intravenous therapy and related equipment. The upsurge in healthcare expenditure in the emerging economies is anticipated to offer lucrative opportunities for the market expansion.

Competitive Landscape:

Becton, Dickinson and Company
B. Braun SE
ICU Medical, Inc.
Baxter International Inc.
Teleflex Incorporated.
3M Company
AngioDynamics, Inc.
Terumo Corporation
Poly Medicure Ltd.
Vygon

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Key Questions Answered in the Intelligent Study

What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?

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Market Dynamics and Transformations

Economic Downturn Analysis: Impact of Recession in 2023
Pandemic's Influence: Impact of Covid-19 Pandemic
Market Evolution: Recent Developments in the Market with Key Players Announcements

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