Reports and Insights freshly added a report titled “Intravenous Access Devices Market: Opportunity Analysis and Future Assessment 2022-2030” in its database of market research reports which offers its readers a detailed and profound analysis on the fresh growth opportunities, trends and growth drivers that are closely linked with the growth of the market. The report further provides crucial insights on the COVID-19 impacts on the Intravenous Access Devices Market along with the compound growth rate (CAGR) of the market for a forecasted period between 2022 and 2030. The report also comprises assessment of the market by employing various analytical tools, such as Porter’s five forces analysis and PESTEL analysis. These tools also offer an in-depth analysis on the micro and macro-environmental factors that are related to the growth of the market over the projected period.
The global intravenous access devices market in 2022 is estimated for more than US$ 4.6 Bn and expected to reach a value of US$ 7.9 Bn by 2030 with a significant CAGR of 7.1%.
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Intravenous Access Devices Introduction
The choice of the intravenous access devices directly depends on the condition and preference of the patient or parent/guardian along with the duration of the treatment and properties of the component that is needed to be infused. The future for intravenous access use should be envisioned by the practitioner as it is very important in terms of other medical interventions.
Intravenous Access Devices Market Dynamics
Growth in research and development activities for novel vaccines with the latest technological advancements in terms of designing is another factor that are expected to favor the growth in this market. However, supportive government norms for the approval of novel infusion pumps and risks connected with the application of needles are the major factors that restrict the growth of the intravenous access devices market. Furthermore, an increase in the number of patients and increased awareness regarding the hygienic activities in the healthcare sector are also expected to support the growth in the intravenous access devices market in the near future.
The global intravenous access devices market is expected to increase at a significant CAGR over the forecast period owing to the increasing chronic diseases, geriatric population, and increase in trend for intravenous access routes for drug infusions.
Increasing expenditure in microbiological drug discoveries in the healthcare industry is also one of the major factors, which is expected to increase the demand for intravenous access devices market globally over the forecast period. The increase in adoption of intravenous access devices by various healthcare professionals may enhance the demand for the intravenous access devices product.
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Intravenous Access Devices Market Segmentation
The global intravenous access devices market is segmented on the basis of product type, catheter type, drug type, end-user, and region
On the basis of product types, IV catheter led the intravenous access devices market throughout the forecast period. On the basis of the catheter type, the market is dominated by peripherally inserted central catheters over the forecast period. Furthermore, on the basis of end-user, hospitals and clinics are expected to rule the market with the highest CAGR in the near future. Geographically, North America contributes to the major market share over the forecast years, owing to the elevated incidence rate of various chronic diseases such as cardiovascular disorder and diabetes.
The global intravenous access devices market can be segmented on the basis of Product Type, the global intravenous access devices market can be segmented into:
IV Catheters
IV Infusion Pumps
IV Needles
On the basis of catheters type, the global intravenous access devices market can be segmented into:
Midline Peripheral Catheters
Peripherally Inserted Central Catheters
Centrally Inserted Central Catheters
Others
On the basis of end-user, the global intravenous access devices market can be segmented into
Hospital & Clinics
Ambulatory Surgery Centers
Others
On the basis of region, the global intravenous access devices market can be segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Intravenous Access Devices Market Key Players
The global intravenous access devices market is mainly dominated by:
Baxter International
Becton, Dickinson And Company
Braun Melsungen AG
C.R. Bard, Inc.
Covidien Plc
Fresenius Medical Care AG & Co.
Hospira, Inc.
Smiths Medical
Teleflex, Inc.
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