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Market Overview:

Intravenous Equipment Market Size is projected to achieve a value of USD 23.12 Billion in 2024, with a linear behavior in the market growth it is forecasted to achieve a value of USD 36.68 Billion by 2033 with a CAGR of 6.22% during the forecast period 2024-2033.

The global market for goods and devices specifically made to deliver fluids, drugs, or therapeutic agents through a patient's veins is encompassed under the IV infusion equipment market. In a variety of healthcare environments, including hospitals, clinics, and at-home care, these gadgets are crucial. The market for IV infusion equipment, which includes a wide range of tools and supplies for injecting liquids, drugs, or other therapies straight into a patient's vein, is a significant component of the global healthcare sector.

This market plays a significant role in a range of healthcare settings, including hospitals, physician offices, rehabilitation facilities, and home care that serve various age groups and ailments. These tools are used to keep an eye on the volume and pace of fluids.

Intravenous Equipment Market Dynamics:

 An increase in surgical operations:

The global increase in surgical procedures is the primary factor propelling the intravenous equipment market's expansion. A variety of medical interventions, both inpatient and outpatient, that necessitate the use of IVs for various objectives are included in surgical operations. Intravenous catheters, infusion pumps, and other devices are critical to the administration of aesthetic, fluid resuscitation, and postoperative care during surgery.

Improvements in anaesthetics, medical technology, and surgical procedures have expanded the field of surgery and made it more accessible and effective. Due to easier availability to minimally invasive techniques, there has been a rise in the quantity of surgical procedures carried out. IV equipment is frequently utilized to give the patient aesthetic, sedation, and analgesics during these minimally invasive operations. The use of IV equipment during these procedures ensures accurate medicine administration and patient comfort.

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Extension of uses for infusion treatment:

An important factor propelling the IVIV equipment market's expansion has been the rise in infusion therapy applications. A treatment known as IV infusion therapy involves directly injecting nutrition, medications, and fluids into the bloodstream. This multimodality treatment approach is being adopted in several medical specializations and patient demographics due to the rise in demand for IV equipment. One of the main causes supporting the growth in applications for infusion therapy is the increasing prevalence of long-term health issues.

Leading Companies in the World Market for Intravenous Equipment:

  • Hospira, Inc.
  • Nipro Corporation
  • Apria Healthcare Group, Inc.
  • Earth Science Tech
  • American Regent, Inc.
  • Baxter International Inc.
  • Becton, Dickinson and Company
  • B. Braun Melungeon AG
  • Smiths Medical
  • ICU Medical, Inc.
  • Baxter International Inc.
  • Fresenius Kabi AG
  • Others

Impact of COVID-19 The market for intravenous equipment was positively impacted by the COVID-19 epidemic. An increase in COVID-19 hospital admissions and critical care requirements resulted in a need for IV supplies, such as sets, catheters, and infusion pumps. The demand for intravenous drugs unique to COVID-19 therapy propelled the industry even more. emphasis on the pandemic's increase in home healthcare and infection control. the continued necessity for IV therapy, technological developments, and the shift in healthcare towards at-home care.

Intravenous Equipment Market Segmentation:

By Type

IV Tubing Sets,

IV Fluids,

IV Pumps,

 IV Catheters,

Cannula,

Stopcock,

Needless Connector,

Drip chamber,

By End-User
Hospitals

Clinics

Home Care Settings

Others

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