IV Equipment Market Introduction:

IV Equipment Market is valued USD 10.15 billion in 2018 and expected to be growing at a CAGR of 6.2%, to reach USD 13.71 billion by 2023. Intravenous therapy is the mix of liquid constituents directly into a vein. Intravenous (IV) means inside vein. Intravenous infusions are commonly referred to as drips. The intravenous route is the fastest way to deliver fluids and medications all over the body.

IV Equipment Industry Drivers and Restraints:

The key reasons are driving the growth of this market consist of the rising occurrence of chronic diseases, a fast increase in the aging population, and an increasing number of surgical procedures. An aging population suffering from chronic diseases, especially in developed regions, is estimated to demand ever-more surgical procedures. IV therapy is one of the best choices available, and this should benefit companies in the IV equipment market. However, increasing prevalence of medication errors, strict regulatory requirements for new equipment, and the absence of wireless connectivity in surgical centers and hospitals could stifle the growth in the IV equipment market.

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Detailed Segmentation of the Market:

By product:

• IV Catheters
• Administration sets
• Infusion sets
• Securement devices
• Stopcocks and check valves
• Drip chambers
• Needleless connectors
• others

By end user:

• Hospitals
• clinics

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Geographical Classification:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East

Regional Presence of the Market:

North America is expected to constitute the most significant share in the market, while the Asia Pacific region is estimated to witness the quickest growth and overtake North America, being the second biggest shareholder for the market throughout the forecast period.

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Important market players:

A few of the major companies operating in the global IV equipment market include Becton, Dickinson and Company, B. Braun Melsungen AG, Fresenius SE & Co. KGaA, Baxter International Inc., Smiths Group, ICU Medical, C. R. Bard, Terumo Corporation, Moog Inc., and AngioDynamics.

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