Key Market Overview:
IV Equipment Market size was valued at USD 12.9 Billion in 2021, registering a CAGR of 6.5% during the forecast period (2022-2030), and the market is projected to be worth USD 22.7 Billion by 2030.
The global rise in chronic diseases is supplementing the growth of the market owing to the increased need of administering fluids to dehydrated patients, chemotherapy treatments, medications, and blood transfusions through IV equipment. According to GLOBOCAN 2020, the newly diagnosed cancer cases were estimated at over 19,292,789 around the globe. Moreover, the same source also reported that among all types of cancers, breast cancer accounted for over 2,261,419 new cancer cases, followed by lung cancer with 2,206,771 new cases, and colon cancer with around 1,148,515 new cases in 2020. Thus, the high usage of IV equipment especially for supporting the patient in before and after surgery care is anticipated to boost the market growth during the forecast period.
Further, the increased cosmetic surgery preference among the population is also anticipated to boost the demand for IV equipment owing to the increased utilization of cosmetic surgical interventions especially breast reconstruction and lip augmentation surgeries. For instance, according to the report on plastic surgery statistics published by Harley Clinic, UK reported that over 43% of UK adults increasingly opt for non-surgical cosmetic procedures and consider such surgeries as part of their grooming routine or normal beauty. In 2021, the leading cosmetic surgery in the UK based on customer preference are lip filler, hair transplant, liposuction, breast augmentation, and rhinoplasty. Thus, the demand for IV equipment post-surgical care in such cosmetic surgeries plays a crucial role in augmenting the usage in medical facilities. In the context of the region, North America is estimated to contribute a significant share to the market growth. The factors such as the growing public and private investments in medical facilities coupled with the favorable government grants and schemes in terms of health insurance and others are projected to boost the market growth in the North American region.
Market Dynamics:
IV Equipment (intravenous equipment) is the device used for the administration of intravenous fluids, nutrients, and medications directly into the patient’s veins. The complete IV system comprises the thin, flexible plastic tubing known as a primary infusion tubing/administration set or infusion set which further connects to the IV solution bag. The IV solution is then run either simply by gravity or through an intravenous infusion pump, also referred to as the electronic infusion device (EID).
Driver:
The increased surgical interventions especially related to heart and brain surgeries combined with increased vulnerable classes of the population such as aged people are the major factors that boost the IV equipment market statistics owing to the need for patient care. Furthermore, the rising demand for ambulatory infusion pumps also accelerates the market growth during the forecast period due to the emphasis on home care of weak patients.
Restraint:
Stringent rules and regulations in terms of product approvals and the launch of new devices into the market is the major restraining factor of the market growth owing to the increased chances of product recalls. Furthermore, the increased medication errors in terms of needle stick injuries and the absence of wireless connectivity especially in remote areas also hamper the market growth during the forecast period.
Opportunities:
The increased research and development on innovations such as the noninvasive methods of drug and fluid administration are expected to provide lucrative opportunities for market growth during the forecast period owing to the increased customer preference for reduced risks to body damage. Moreover, the increased availability of safe, patient-friendly IV sets or kits is also projected to create profitable opportunities during the forecast period owing to the rising customer awareness of the IV post-surgical in-house care.
COVID-19 Impact:
The IV equipment market has been significantly impacted due to the COVID-19 pandemic in many different parts of the world. The factors such as reduced material sourcing, limited availability of raw materials, and economic slowdown are the major impacts of COVID-19 which hampered market growth. Shipments were impacted during the initial lockdown due to the disrupted supply chain, reduced customer preference for elective surgeries such as cosmetic surgeries, and the closure of a manufacturing facility which led to the decline. However, the circumstances have stabilized and as a result, it is determined that COVID-19’s overall impact on the industry is moderate. Post covid-19, there was a positive impact on market growth due to the growing rate of consumer awareness in terms of health.
IV Equipment Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 22.7 Billion |
| CAGR (2022-2030) | 6.5% |
| By Product | IV Catheters, Administration Sets, Infusion Pumps, Securement Devices, Stopcocks & Check Valves, Drip Chambers, Needleless Connectors, and Other IV Equipment |
| By End Use | Hospitals & Clinics, Home Care, Ambulatory Care Centers |
| By Geography | North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) Middle East and Africa- (GCC, Turkey, Israel, and the Rest of MEA) |
| Key Players | Braun Melsungen AG, ICU Medical, Inc., Becton, Dickinson, and Company, Fresenius SE & Co. KGaA, Baxter International Inc., Smiths Medical, R. Bard, Inc., Terumo Corporation, Moog, Inc., AngioDynamics, Inc. |
Market Segmentation:
By Product
The product segment is divided into IV catheters, administration sets, infusion pumps, securement devices, stopcocks & check valves, drip chambers, needleless connectors, and other IV equipment. The IV catheters segment is anticipated to contribute the largest share in terms of value and volume during the forecast period. The factors such as the wide availability and application of multiple catheters such as peripheral IV catheters, midline catheters, or, central venous catheters combined with high demand for closed IV catheters due to the decreased risks to venipuncture attempts, blood leakage during IV administration, and improved usage in blood sampling are estimated to support the contribution of the IV catheters segment in IV Equipment market share. Furthermore, the infusion pumps segment is also expected to register the fastest CAGR growth during the forecast period owing to the large volume of patient-controlled analgesia (PCA), increased usage of the syringe, elastomeric, enteral, and insulin pumps for administering insulin, chemotherapy and pain relievers.
By End Use
The end-user segment is categorized into hospitals & clinics, home care, and ambulatory care centers. The hospitals & clinics segment is estimated to contribute the largest share in terms of revenue and volume to the market growth during the projected period. The factors such as easy access to advanced equipment, availability of medical professionals for reduced risks to health-associated mishaps, and rising expenditure on medical facilities are anticipated to support the growth of the hospital & clinics segment. Additionally, the home care segment is also anticipated to register the fastest CAGR growth during the forecast period owing to the increased need for patient care among vulnerable groups of people such as the aged population, inaccessible reach to the hospitals due to longer commute distances and easy usage of IV products by less medical professionals at home.
By Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, North America is expected to contribute the largest share to the market growth. The factors such as a large patient pool affected by chronic diseases related to the heart and brain increased approvals for new less-invasive alternatives to the existing alternatives, and the presence of major market players are anticipated to fuel the market growth in the North American region.
Asia Pacific is also expected to register the fastest growth in terms of volume during the forecast period owing to the growing disposable income among the population combined with the rising expenditures on medical infrastructure and rising retail availability of IV products owing to the increased customer preference for in-house care are estimated to fuel the industry in the Asia Pacific region.
IV Equipment Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Application launches have accelerated the growth of the Sample Preparation market. Key players in the market include-
- Braun Melsungen AG
- ICU Medical, Inc.
- Becton, Dickinson and Company
- Fresenius SE & Co. KGaA
- Baxter International Inc.
- Smiths Medical
- Bard, Inc.
- Terumo Corporation
- Moog, Inc.
- AngioDynamics, Inc.
Table of Content
- Introduction
- Market Introduction
- Market Research Methodology
- Research Process
- Primary Research
- Secondary Research
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Limitations of the Study
- Product Picture of IV Equipment
- Global IV Equipment Market: Classification
- Geographic Scope
- Years Considered for the Study
- Research Methodology in brief
- Parent Market Overview
- Overall IV Equipment Market Regional Demand
- Research Programs/Design
- Market Breakdown and Data Triangulation Approach
- Data Source
- Secondary Sources
- Primary Sources
- Primary Interviews
- Average primary breakdown ratio
- Market Dynamics
- Drivers
- Drivers
- Restraints
- Restraints
- Opportunity
- Impact forces on market dynamics
- Impact forces during the forecast years
- Industry Value Chain
- Upstream analysis
- Downstream analysis
- Distribution Channel
- Direct Channel
- Indirect Channel
- Potential Customers
- Manufacturing/Operational Cost Analysis
- Pricing Analysis by Region
- Key Technology Landscape
- Regulatory Analysis
- Porter’s Analysis
- Supplier Power
- Buyer Power
- Substitution Threat
- Threat from New Entry
- Competitive Rivalry
- PESTEL Analysis
- Political Factors
- Economic Factor
- Social Factors
- Technological Factor
- Environmental Factors
- Legal Factor
- Covid-19 impact on Global Economy
- Covid-19 impact on IV Equipment demand
- Post-Covid Impact on IV Equipment Market Demand
- Impact Analysis of the Russia-Ukraine Conflict
- Drivers
- Global IV Equipment Market Segmentation, by Volume (Units) & Revenue (USD Billion), (2022-2030)
- By Product
- IV Catheters
- Administration Sets
- Infusion Pumps
- Securement Devices
- Stopcocks & Check Valves
- Drip Chambers
- Needleless Connectors
- Other IV Equipment
- By End Use
- Hospitals & Clinics
- Home Care
- Ambulatory Care Centers
- By Product
- Global IV Equipment Market Overview, By Region
- North America IV Equipment Market Volume (Units) & Revenue (USD Billion), by Countries, (2022-2030)
- US
- By Product
- By Application
- Canada
- Mexico
- US
- Europe IV Equipment Market Volume (Units) & Revenue (USD Billion), by Countries, (2022-2030)
- France
- UK
- Spain
- Russia
- Italy
- BENELUX
- Asia Pacific IV Equipment Market Volume (Units) & Revenue (USD Billion), by Countries, (2022-2030)
- China
- Japan
- Australia
- South Korea
- India
- ASEAN
- North America IV Equipment Market Volume (Units) & Revenue (USD Billion), by Countries, (2022-2030)
- Latin America IV Equipment Market Volume (Units) & Revenue (USD Billion), by Countries, (2022-2030)
- Brazil
- Argentina
- Chile
- Middle East and Africa IV Equipment Volume (Units) & Market Revenue (USD Billion), by Countries, (2022-2030)
- GCC
- Turkey
- South Africa
- Global IV Equipment Market Revenue: Competitive Analysis, 2021
- Key strategies by players
- Revenue (USD Billion and %), By manufacturers, 2021
- Player Positioning by Market Players, 2021
- Competitive Analysis
- Braun Melsungen AG
- Business Overview
- Business Financials (USD Billion)
- Product Category, Type, and Specification
- Main Business/Business Overview
- Geographical Analysis
- Recent Development
- Swot Analysis
- ICU Medical, Inc.
- Becton, Dickinson and Company
- Fresenius SE & Co. KGaA
- Baxter International Inc.
- Smiths Medical
- Bard, Inc.
- Terumo Corporation
- Moog, Inc.
- AngioDynamics, Inc.
- Braun Melsungen AG
- Market Research Findings & Conclusion
Disclaimer
Research Methodology
The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.