IV Infusion Pump Accessories Market is Expected to Reach a Market Value of US$ 4,182.1 Million by the End of 2034 | Fact.MR Study

The size of the global IV infusion pump accessories market is anticipated to reach US$ 2,690.3 million in 2024. The market is expected to witness a healthy CAGR of 4.5%, to hold a total market revenue of US$ 4,182.1 million by 2034. IV infusion pump accessories are witnessing considerable traction as a result of rampant chronic disorders among the masses.

Additionally, the enhanced clinical research activity of infusion-related drug delivery is likely to expand the market opportunities for IV infusion pump accessories.

TriSalus Life Sciences, Inc., a company that develops oncology therapeutics, recently disclosed additional details of its ongoing Pressure-Enabled Regional Immuno-Oncology clinical trials in metastatic liver and primary tumors. Such advancements are augmenting the usage possibilities of IV infusion pumps and accessories.

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Key Takeaways from Market Study:

The estimated market value for the IV infusion pump accessories market in 2024 is projected to reach US$ 2,690.3 million, indicating the increasing demand for these essential medical devices.
By 2034, the market is forecasted to expand to US$ 4,182.1 million, reflecting a steady growth driven by the rising adoption of infusion pumps in healthcare facilities.
The projected compound annual growth rate (CAGR) from 2024 to 2034 is 4.5%, highlighting the continuous demand for IV infusion accessories due to their vital role in patient care.
The IV infusion lines segment is expected to grow at a robust rate of 4.6% CAGR over the forecast period, driven by advancements in medical technology and the increasing use of infusion therapy.
The hospitals segment is projected to grow at a rate of 4.2% CAGR from 2024 to 2034, supported by the rising number of hospital admissions and the ongoing need for infusion-based treatments.
North America is expected to hold a significant market share of 43.1% in 2024, driven by advanced healthcare infrastructure, high healthcare expenditure, and a large patient population.

Leading Players Driving Innovation in the IV Infusion Pump Accessories Market:

Becton, Dickinson and Company; Medtronic Plc.; Terumo Corporation; B. Braun SE; Fresenius (Fresenius Kabi); Others

Region-wise Insights:

The North America IV infusion pump accessories market is anticipated to gain a leading share of 43.1% in 2024. During the same year, the region is anticipated to reach revenue of US$ 1,161 million and is expected to grow at a CAGR of 2.4% thereafter. The slow rate of adoption of IV infusion pump accessories in the region reflects market saturation and lower opportunities for future market players.

Demand for IV infusion pump accessories will be boosted due to the growing rate of incidence of chronic diseases. Also, the growing presence of major industry players in the region is likely to support market growth. Regional governments also are encouraging the spread of awareness regarding the latest advancements in infusion pumps and related consumables and accessories. Therefore, promoting sales of IV infusion pump accessories.

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global IV infusion pump accessories market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals essential insights on the basis of the the IV Infusion Pump Accessories Market is segmented based on product type, end user, and region. In terms of product type, the market includes IV Infusion Sets, IV Infusion Lines, IV Catheters, IV Cannulas, and Needleless Connectors, each serving a distinct role in the infusion process to enhance patient care and safety.

The end users of these accessories include hospitals, homecare settings, ambulatory surgical centers, diagnosis centers, and other healthcare facilities, each utilizing these products to support different patient care needs and settings. Regionally, the market is analyzed across North America, Europe, Latin America, East Asia, South Asia and Oceania, and the Middle East and Africa, reflecting varying demand trends and healthcare infrastructure development in each region.

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