IV Equipment Market by Product (IV Catheters, Infusion Pumps, Stopcocks & Check Valves, Needleless Connectors, Administration Sets, Securement Devices, and Drip Chambers), End User (Hospitals & Clinics, Ambulatory Care Centers, and Home Care) - Analysis & Forecast 2019-2030

Report ID : 34  |  Published Date : Feb 2019  |  Pages : 150  |  Region : Global  |  Report Code : MD-17





IV Equipment Market Overview and Introduction

The global IV Equipment Market was valued at US$ 10.0 billion in 2017 and is anticipated to grow at a CAGR of 5.8% during the forecast period. The IV equipment market is majorly classified on the basis of product, end user, and region.

(IV) Intravenous Equipment are medical devices which are used for delivering blood products or fluids directly into the veins of patients. These devices deliver medications faster as compared to other delivery methods since these are inserted directly into the circulation system. Besides faster infusion, IV equipment also offers easy monitoring and simultaneously prevents probable negative effects to the GI system for patients suffering from chronic disorders.

Some of the major factors driving the global IV equipment market are rising number of chronic disorders, growing geriatric population, rising incidences of chronic diseases, increasing number of surgical procedures worldwide, and increased patient awareness among others. Moreover, IV therapy reduces intake of pills or tablets, thereby promoting its preference among patients. However, side effects associated with equipment and medication errors like incorrect dosing is may hamper the market to a certain extent.

IV Equipment Market

IV Equipment Market by Product 

In terms of product, IV equipment market is classified into IV catheters, infusion pumps, stopcocks & check valves, needleless connectors, administration sets, securement devices, drip chambers and other IV equipment. Securement devices segment held larger share of the market in 2018 owing to maximum adoption of peripheral IV catheter devices and central venous catheter devices.

Technological advancements in catheter securement devices are also expected to augment its demand in the coming years. These advanced devices offer minimal infection risk, pain, and trauma to the patients. In addition, introduction of fixation devices which overcome drawbacks of traditional devices are also gaining popularity owing to its advantages like safe and fast performances.

According to NHS, more than 1 million catheters are used annually, in UK which accounts for approximately 12% of hospitalized patients. It is further anticipated that, one in three individuals are diagnosed with one or more chronic disorders, which directly increments the need for securement devices. Hence growing use of catheters due to increased hospitalization and rising incidences & prevalence of chronic disorders are anticipated to significantly contribute to the growth of the global IV equipment during the forecast period.

IV Equipment Market by End Users

By end user, IV equipment market is categorized into hospitals & clinics, ambulatory care centers, & home care, and other end users. Hospitals and clinics segment registered significant share of the market in 2018 owing to favorable government regulations, well developed infrastructure and increasing number of patient hospitalizations among others.

According to Journal of Hospital Medicine, across 51 countries around the world, approximate 14% hospitalized patients required peripheral intravenous catheters. Hospitals & clinics have abundant medical devices in store for use by large number of patients. Hence, growing patient pool is anticipated to further drive the hospitals and clinics segment during the forecast period.

Home care segment is also expected to grow considerably during the forecast period owing to rising demand of home treatments by patients worldwide. Home care provides optimal treatment to patients with better comfort, minimal risk of HAI (Hospital Acquired Infections) and improved personal care among others.

IV Equipment Market by Regions 

Geographically, IV equipment market is segmented as North America, Europe, Asia Pacific, and Rest of the World (ROW). North America accounted for the major market share in the global IV equipment market owing to growing geriatric population, high prevalence of chronic disorders, and well-established hospital infrastructure.

Europe is also expected to grow considerably over the forecast period owing to rising elderly population, substantial disposable income, and rising admissions in hospitals. Surgical operations in Europe has been rising at a significant pace. In 2016, approximate 1.32 million surgeries were performed in Europe.

Asia Pacific is expected to grow lucratively in the forthcoming years owing to growing geriatric population prone to several disorders, steady adoption of advanced medical devices, and growing spending power of consumers. Moreover, growing medical tourism in Asia Pacific is anticipated to further propel the growth of the market in the coming years.

IV Equipment Market Prominent Players 

The prominent players in the global IV equipment market are BD, B. Braun Melsungen AG, Baxter, Fresenius SE & Co. KGaA, ICU Medical, Inc., Smith Medical (Smiths Group plc.), TERUMO CORPORATION, MOOG INC., AngioDynamics, and Medline Industries, Inc. 

Table of Contents

  1. INTRODUCTION
    1. Market Definition
    2. Market Ecosystem
      1.   Market Classification
      2.   Geographic Scope
      3.   Years Considered for the Study
        1. Historical Years – 2016 & 2017
        2. Base Year – 2018
        3. Forecasted Years – 2019 to 2030
    3. Currency Used for the Study
    4. Report Beneficiary List
  2. RESEARCH METHODOLOGY
    1. Research Framework
    2. Data Collection Technique
    3. Data Sources
      1.  Secondary Sources
      2.  Primary Sources
    4. Market Estimation Methodology
      1.   Bottoms Up Approach
      2.   Top Down Approach
    5. Data Validation and Triangulation
      1.   Market Forecasting Model
      2.   Limitations of the Study
      3.   Assumptions of the Study
  3. ABSTRACT OF THE STUDY
  4. MARKET DYNAMICS ASSESMENT
    1. Overview
    2. Drivers
    3. Barriers/Challenges
    4. Opportunities
  5. UNIQUE SELLING PROPOSITIONS (USPs)
    1. Technological Advancement
    2. Reimbursement Scenario Snapshot
  6. Global IV Equipment Market - Analysis & Forecast, By Product
    1. Introduction & Definition
    2. IV Catheters
    3.  Infusion Pumps
    4. Stopcocks & Check Valves
    5. Needleless Connectors
    6. Administration Sets
    7. Securement Devices
    8. Drip Chambers
    9. Other IV Equipment
  7. Global IV Equipment Market - Analysis & Forecast, By End User
    1. Introduction 
    2. Hospitals & Clinics
    3. Ambulatory Care Centers 
    4. Home Care 
    5. Other End Users
  8. Global IV Equipment Market - Analysis & Forecast, By Region
    1.     North America IV Equipment Market
      1.   North America IV Equipment Market, By Country
        1.  US
        2.  Canada
      2. North America IV Equipment Market Analysis & Forecast, By Product
      3. North America IV Equipment Market Analysis & Forecast, By End User
    2. Europe IV Equipment Market
      1. Europe IV Equipment Market, By Country/Region
        1. Germany
        2. U.K
        3. France
        4. Rest of Europe (ROE)
      2. Europe IV Equipment Market Analysis & Forecast, By Product
      3. Europe IV Equipment Market Analysis & Forecast, By End User
    3. Asia Pacific IV Equipment Market
      1. Asia Pacific IV Equipment Market, By Country/Region
        1. China
        2. Japan
        3. India
        4. Rest of Asia Pacific (RoAPAC)
      2. Asia Pacific IV Equipment Market Analysis & Forecast, By Product
      3. Asia Pacific IV Equipment Market Analysis & Forecast, By End User
    4.    Rest of the World (ROW) IV Equipment Market
      1. Rest of the World IV Equipment Market, By Country/ Region
        1.  Latin America
        2.  Middle East & Africa
      2. Rest of the World IV Equipment Market Analysis & Forecast, By  Product
      3. Rest of the World IV Equipment Market Analysis & Forecast, By End User
  9. COMPETETIVE LANDSCAPE
    1. Market Share Analysis (2018)
    2. Key Strategies Assessment
      1. New Product Launches
      2. Merger & Acquisitions
      3. Expansions
      4. Agreements, Collaborations, & Partnerships
      5. Other Strategies
  10. COMPANY PROFILES (Business Overview, Products Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
    1.   BD
    2.  B. Braun Melsungen AG
    3. Baxter
    4. Fresenius SE & Co.  KGaA
    5. ICU Medical, Inc.
    6. Smith Medical (Smiths Group plc.)
    7. TERUMO CORPORATION
    8. MOOG INC.
    9. AngioDynamics
    10. Medline Industries, Inc.  (*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain)
  11. APPENDIX
    1. Questionnaire
    2. Primary Interviews Transcripts
    3.    Customization Options
    4. Profile of the Author