openPR Logo
Press release

IV Fluid Transfer Drug Devices Market Expected to Reach USD 8.5 Billion by 2030 | Persistence Market Research

03-26-2025 11:33 AM CET | Health & Medicine

Press release from: Persistence Market Research

IV Fluid Transfer Drug Devices Market

IV Fluid Transfer Drug Devices Market

Overview of the IV Fluid Transfer Drug Devices Market

The global IV fluid transfer drug devices market is poised for steady growth, projected to expand at a compound annual growth rate (CAGR) of 3.5%, increasing from US$6.7 billion in 2023 to US$8.5 billion by the end of 2030. IV fluid transfer drug devices, essential for the delivery of fluids, nutrients, and drugs directly into the bloodstream, play a critical role in treating a wide range of medical conditions, from chronic diseases to critical care scenarios. These devices include components such as catheters, tubing, needles, and infusion pumps, and they are predominantly used in hospitals, clinics, and home healthcare settings.

The key growth drivers for this market are the increasing prevalence of chronic diseases, the aging global population, and technological advancements in infusion systems. These innovations, such as smart pumps and wireless connectivity, are enhancing the accuracy and safety of drug administration. Geographically, North America leads the market, driven by its advanced healthcare infrastructure, a high incidence of chronic illnesses, and a robust regulatory framework. Meanwhile, regions like East Asia and South Asia are expected to witness rapid growth due to increasing healthcare investments and rising demand for healthcare innovations.

Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response): https://www.persistencemarketresearch.com/samples/33966

Key Growth Drivers, Leading Segment, and Geographical Region

Several factors are propelling the growth of the IV fluid transfer drug devices market. Among the most prominent is the aging population, which is more prone to chronic illnesses requiring intravenous therapies. Additionally, the rise in cancer rates, neurological diseases, and other long-term health conditions has amplified the demand for infusion treatments. Technological advancements in the form of smart infusion pumps, improved catheter designs, and the integration of electronic health records (EHR) are also crucial drivers. These innovations ensure more precise drug delivery and improved patient safety, thus elevating the overall demand for IV fluid transfer devices.

The oncology application segment is leading in terms of market value. This is primarily driven by the growing use of intravenous chemotherapy, which requires precise fluid transfer devices. Geographically, North America holds the largest market share, accounting for the largest consumption of IV fluid transfer devices. This is due to the region's advanced healthcare infrastructure, increased healthcare spending, and a higher prevalence of chronic diseases.

Key Highlights from the Report

• The global IV fluid transfer drug devices market is forecast to grow at a CAGR of 3.5% from 2023 to 2030.
• North America is the leading geographical region in the market due to its strong healthcare infrastructure and chronic disease prevalence.
• The oncology application segment holds the largest market share, driven by the increasing demand for intravenous chemotherapy.
• Technological innovations such as smart infusion pumps and wireless connectivity are major contributors to market growth.
• Hospitals dominate the end-user segment due to their critical role in acute care and high patient volume.
• Supply chain disruptions remain a significant challenge, affecting manufacturing schedules and product availability.

Market Segmentation

Product Type and Application Segmentation

The IV fluid transfer drug devices market is categorized based on product types and applications. In terms of application, oncology leads the market, with a significant increase in the use of intravenous chemotherapy. Other important segments include autoimmune diseases, blood disorders, cardiovascular disorders, and neurology. Notably, the neurology segment is experiencing rapid growth due to the increasing prevalence of neurological conditions such as multiple sclerosis and neuropathic pain.
On the product side, the market is divided into components such as infusion pumps, catheters, and tubing systems. Infusion pumps, especially those with smart capabilities, are becoming increasingly popular due to their ability to improve accuracy in drug delivery and reduce human error. These advancements in technology contribute significantly to market growth, as healthcare providers seek more efficient, user-friendly solutions.

End-User and Regional Segmentation

Hospitals remain the largest end-user category for IV fluid transfer devices, primarily due to their need for IV treatments in emergency and critical care settings. The growing number of specialized clinics is also contributing to the rise of IV fluid transfer devices, as outpatient care continues to expand globally. As healthcare models shift towards outpatient care, specialized clinics are expected to experience the fastest growth, driven by the demand for targeted therapies in areas like oncology and neurology.

Regionally, North America dominates the market with its well-established healthcare systems and high healthcare spending. However, the fastest-growing regions are East Asia and South Asia, where economic development, improving healthcare infrastructure, and increasing demand for medical treatments are boosting market growth. Countries like China, India, Japan, and South Korea are seeing rising healthcare expenditures, which are driving the demand for advanced infusion devices.

Regional Insights

North America

North America is the largest market for IV fluid transfer devices, benefiting from an advanced healthcare infrastructure, high medical expenditure, and a robust regulatory framework. The prevalence of chronic diseases such as diabetes, heart disease, and cancer continues to drive the demand for intravenous treatments. Moreover, technological innovations in the region, such as smart pumps and integration with electronic health records, are contributing to the growth of the market.

East Asia & South Asia

In contrast, East Asia and South Asia are expected to witness rapid market expansion. The growing healthcare awareness, increasing healthcare spending, and the rising incidence of chronic diseases in countries like China, Japan, and India are all contributing factors. Additionally, the development of healthcare infrastructure in these regions is fostering an environment conducive to the growth of the IV fluid transfer drug devices market.

Market Drivers

The market for IV fluid transfer devices is driven by several factors, the most prominent of which are the aging global population and the rising incidence of chronic diseases. As people live longer, they are more likely to experience health conditions that require ongoing medical care, including intravenous drug delivery. Chronic diseases, such as cancer, diabetes, cardiovascular conditions, and neurological disorders, also necessitate long-term infusion therapies, further driving demand for these devices.

Technological advancements are another key driver of market growth. The introduction of smart infusion pumps, wireless connectivity, and advanced monitoring systems has made drug delivery more accurate and efficient. These innovations not only improve patient outcomes but also ensure better compliance with treatment regimens, boosting the demand for IV fluid transfer devices in healthcare settings.

Market Restraints

Despite the market's promising growth prospects, it faces several challenges, primarily related to regulatory compliance and supply chain disruptions. The regulatory landscape for medical devices is complex, and manufacturers must adhere to stringent safety, efficacy, and quality control standards. Navigating these regulations can be costly and time-consuming, which may delay product launches and hinder market growth.

Additionally, the global supply chain for IV fluid transfer devices is susceptible to disruptions due to geopolitical events, natural disasters, and health crises like the COVID-19 pandemic. These disruptions can lead to shortages of essential components, increased production costs, and delays in product availability, ultimately impacting market growth.

Market Opportunities

There are several opportunities for growth within the IV fluid transfer drug devices market. One of the most significant opportunities is the increasing adoption of home healthcare services. With the rising demand for home-based treatments, portable and user-friendly infusion devices are in high demand. Manufacturers can capitalize on this trend by developing compact and easy-to-use devices that cater to home care patients.

Another opportunity lies in emerging markets. As healthcare infrastructure improves in countries across South Asia, East Asia, and Africa, the demand for advanced medical technologies, including IV fluid transfer devices, is expected to rise. Manufacturers can take advantage of these growth opportunities by establishing a presence in these regions and tailoring products to meet local needs and pricing structures.

Reasons to Buy the Report

✔ Gain comprehensive insights into the market dynamics, including drivers, restraints, and opportunities.
✔ Understand the competitive landscape and identify leading players in the industry.
✔ Explore market trends and technological advancements shaping the future of IV fluid transfer devices.
✔ Access detailed segmentation and forecast data to make informed business decisions.
✔ Evaluate potential investment opportunities based on regional and application trends.

Frequently Asked Questions (FAQs)

1. How Big is the IV Fluid Transfer Drug Devices Market?
2. Who are the Key Players in the Global IV Fluid Transfer Drug Devices Market?
3. What is the Projected Growth Rate of the IV Fluid Transfer Drug Devices Market?
4. What is the Market Forecast for IV Fluid Transfer Drug Devices by 2032?
5. Which Region is Estimated to Dominate the IV Fluid Transfer Drug Devices Industry through the Forecast Period?

Company Insights

Key Players in the Market

1. B. Braun Medical
2. Baxter Healthcare
3. ICU Medical Inc.
4. Hospira
5. Pfizer
6. Amedra Pharmaceuticals
7. Biogen Idec

Recent Developments

1. FDA Approval for West Pharmaceutical Services: In December 2023, the FDA granted approval for West Pharmaceutical Services' Vial2Bag Advanced® 13mm admixture device, marking a significant milestone in drug administration solutions.

2. Smart IV Infusion Systems in U.S. Hospitals: A smart IV infusion dosage system was implemented across several U.S. hospitals in 2021, significantly improving patient safety by reducing dosing errors and enhancing the accuracy of intravenous drug administration.

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release IV Fluid Transfer Drug Devices Market Expected to Reach USD 8.5 Billion by 2030 | Persistence Market Research here

News-ID: 3939119 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Fluid

Hydraulic Fluid Connector Market, Powering Performance Across Fluid Systems and …
Market Overview The Hydraulic Fluid Connector Market is integral to industries reliant on fluid power systems-including agriculture, construction, mining, oil & gas, aerospace, and industrial machinery. These connectors ensure secure, leak-free transmission of hydraulic fluid under extreme pressures and demand high durability to prevent system failures. This growth is underpinned by increased automation, rigorous safety regulations, and the rising adoption of precision fluid conveyance in heavy machinery and mobile hydraulics. Get
Volatile Silicone Fluid Market
The "Volatile Silicone Fluid Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031.  The market was valued at USD xx.x billion In 2023. Growing Demand and Growth Potential in the Global Volatile Silicone Fluid Market, 2024-2031 Verified Market Research's most recent report, "Volatile Silicone Fluid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides
Fluid Power Equipment Market Is Booming Worldwide | Kent Fluid Power, Eaton, Flu …
Advance Market Analytics added research publication document on Worldwide Fluid Power Equipment Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Fluid Power Equipment market. The study provides valuable market size data for historical (Volume** & Value) from 2019 to 2023 which is estimated and forecasted till
Fluid Mechanics Analysis Software Market Comprehensive Solutions for Fluid Flow …
Global Fluid Mechanics Analysis Software Market Overview: The Fluid Mechanics Analysis Software market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others. In recent years, the Fluid Mechanics Analysis Software market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and
Fluid Delivery Innovation: Exploring the Growing Medical Fluid Bag Market
The medical fluid bag market refers to the industry that produces and sells bags that are used to hold and transport fluids in medical settings, such as hospitals and clinics. These bags are typically made from materials that are safe for use with medical fluids and are designed to prevent leaks or contamination. They may be used for a variety of purposes, such as delivering medications or intravenous fluids, collecting
Fluid Sensors Market : Trends along with the current and future fluid sensors ma …
Fluid Sensors Market by Type (Flow Sensor, Level Sensor), by Technology (Non-contact Sensor, Contact Sensor), by End-user (Automotive, Water and Wastewater, Oil and Gas, Chemical, Food and Beverage, Power and Utilities, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030. The global fluid sensors market was valued at $13.2 billion in 2021, and is projected to reach $25.4 billion by 2030, growing at a CAGR of 7.45% from 2022 to 2030. The fluid