IV Equipment Market by Product and End User

(IT-NEWSWIRE.COM, December 09, 2018 ) According to the new market research report “IV Equipment Market by Product (Infusion Pump, Catheter, Solution and Blood Administration Set, Securement Device, Cannula, Stopcock, Needleless Connector), End User (Hospitals & Clinics, Homecare, Ambulatory Care Center) - Global Forecast to 2022", published by MarketsandMarkets™, The global IV equipment market is expected to reach USD 13.63 Billion by 2022 from USD 10.07 Billion in 2017, at a CAGR of 6.2% from 2017 to 2022.

In this report, the global IV equipment market is segmented on the basis of product, end user, and region. Based on product, the IV equipment market is segmented into IV catheters, administration sets, infusion pumps, securement devices, stopcocks & check valves, drip chambers, needleless connectors, and other IV equipment (luer adapters, cannula, capping systems, spikes, needles, clamping systems, and IV stands). In 2016, IV catheters accounted for the largest share of the global IV equipment market. The increasing prevalence of chronic diseases and the growing number of surgical procedures contributes to their largest share in the market.

On the basis of end user, the market is classified into hospitals & clinics, home care, and ambulatory care centers. In 2016, the hospitals segment accounted for the largest share of the market. This can largely be attributed to the strong financial capabilities of hospitals for purchasing high-priced IV devices as well as the availability of trained professionals to operate them.

The Asia-Pacific region is expected to witness the highest growth in the forecast period. Factors such as the presence of a large patient pool, rising geriatric population, growing utilization of technologically advanced IV products, increasing focus on home healthcare, growing healthcare expenditure, rapidly developing healthcare infrastructure, and increasing per capita income are driving the growth of the IV equipment market in the Asia-Pacific region.

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The major players in the IV equipment market are Becton, Dickinson and Company (U.S.), B. Braun Melsungen AG (Germany), Baxter International Inc. (U.S.), Fresenius SE & Co. KGaA (Germany), ICU Medical, Inc. (U.S.), Smiths Medical (U.K.), Moog, Inc. (U.S.), Terumo Corporation (Japan.), C. R. Bard, Inc. (U.S.), and AngioDynamics, Inc. (U.S.).

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IV Equipment Market by Product and End User