According to a report recently released by Future Market Insights, the global IV Therapy And Vein Access Devices Market is expected to generate US$ 44.4 billion while exhibiting a 5.6% CAGR over the forecast period. In the upcoming years, market expansion is probably going to be fueled by the increasing backing from several governments. In 2022, the sector is anticipated to generate US$25.8 billion.
| Attributes | Details |
| Global IV Therapy and Vein Access Devices Market CAGR (2022-2032) | 5.6% |
| Global IV Therapy and Vein Access Devices Market (2032) | US$ 44.4 Billion |
| Global IV Therapy and Vein Access Devices Market Attraction | The rising number of intravenous (IV) drug approvals and increasing technological advancements in intravenous therapy (IV) and vein access are expected to drive the market in the forecast period. |
Increasing expenditure on healthcare, growing awareness about healthcare procedures, and an increasing number of specialty clinics and ambulatory centres will further expand the size of the IV therapy and vein access devices market in the future.
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As per the analysis, the medical administration segment is anticipated to hold remunerative opportunities for the global IV therapy and vein access devices market. Various developing countries are making significant developments in their budgets, thereby, offering lucrative opportunities to players in the market.
Key Takeaways from the Market Study
- Based on type, intravenous catheters are expected to record a 5.5% CAGR by 2032
- By medical application, the medical administration segment to expand at a 5.6% growth rate during the forecast period
- The U.S market to garner US$ 15.9 Billion and record a 5.4% CAGR from 2022-2032
- Market in China to procure US$ 3.2Billion, expanding at a 4.9% growth rate during the assessment period
Competitive Landscape
Eminent players of the global IV Therapy and Vein Access Devices Market include Becton, Dickinson and Company, B. Braun Holding Gmbh & Co. Kg, Terumo Medical Corporation, Teleflex Medical Inc., and Medtronic Inc. among others. Recent key developments among players include:
- In Feb-2022 — BD (Becton, Dickinson and Company) announced its acquisition of Cytognos, a privately held company headquartered in Salamanca, Spain, specializing in flow cytometry solutions for blood cancer diagnosis, minimal residual disease (MRD) detection and immune monitoring research for blood diseases.
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- In January 2021, Teleflex releases the Arrow® ErgoPack® Complete Multi-LumenAccessCatheter (MAC) System and the Arrow® ErgoPack® Complete Percutaneous Sheath Introducer (PSI) System. High-flow Arrow® MAC Catheters are designed to meet the needs of a variety of patient types – from trauma to cardiac – and offer full-spectrum antimicrobial protection against gram-positive, and gram-negative bacteria and fungi, the key infectious pathogens responsible for CLABSI.
Key Segments Covered In The IV Therapy And Vein Access Devices Industry Survey
IV Therapy and Vein Access Devices Market by Type:
- IV Therapy and Vein Access Implantable Ports
- Single Lumen Implantable Port
- Double Lumen Implantable Port
- IV Therapy and Vein Access Intravenous Catheters
- Peripheral Intravenous Catheter
- Central Intravenous Catheter
- Peripherally Inserted Central Catheter
- Hypodermic IV Therapy and Vein Access Needles
- IV Therapy and Vein Access Infusion Pumps
- Other IV Therapy and Vein Access Devices
IV Therapy and Vein Access Devices Market by Medical Application:
- IV Therapy and Vein Access Devices as Volume Expanders
- IV Therapy and Vein Access Devices for Medication Administration
- IV Therapy and Vein Access Devices for Blood-based Products
- IV Therapy and Vein Access Devices for Nutrition & Buffer Solutions
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IV Therapy and Vein Access Devices Market by End User:
- IV Therapy and Vein Access Devices in Hospitals
- IV Therapy and Vein Access Devices in Ambulatory Surgical Centres
- IV Therapy and Vein Access Devices in Clinics
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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