Intravenous Therapy and Vein Access Devices Market Analysis - Global Industry Size, Share, Trends and Forecast 2022 - 2030

Introduction

Intravenous (IV) therapy is the process of infusion of liquid substances such as electrolytes, medicines, nutrition, and blood-based products directly into the veins as a therapeutic treatment. IV is the fastest way of delivering fluids to different parts of the body. In some cases, such as heart attack, stroke, and poisoning, the patient must receive medication at earliest, hence IV medication is prescribed. Some of the drugs prescribed intravenously include chemotherapy drugs antibiotics, antifungal drugs, pain medications, immunoglobulin medication, drugs for low blood pressure, and others. IV therapy works fast, is easy to monitor, and avoids side effects to gastrointestinal system. IV therapy works faster for the quick immune system response and relief from chronic diseases as compared to oral mode of medication. IV therapy can be easily monitored and has infusion pump that controls the volume of substance to be administered in the body.

Market Dynamics

Escalating prevalence of trauma cases and road traffic accidents, increasing elderly population and growing incidence of chronic syndromes are the main considerations driving the development of intravenous therapy and vein access devices market, globally. The danger of allergic reaction and requirement of skilled professionals, stringent government guidelines and regulations are, to some extent, preventing the expansion of this market. The growing healthcare infrastructure in emerging economies poses a significant opportunity for IV therapy and vein access devices players in foreseeable years.

On the basis of product type, the market is bifurcated into implantable port, intravenous catheter, hypodermic needles, infusion pumps, and other products. The implantable port is sub-characterized into single lumen and double lumen implantable port. In 2017, intravenous catheter held highest share of around 36% in global market. Intravenous catheter is positioned into a vein to control medication or fluids. This device plays a crucial part in medical therapies for surgery, trauma, cancer, acute illness, and anesthesia. Additionally, an intravenous catheter is further sub-portioned into the peripheral intravenous catheter, central intravenous catheter, and peripherally inserted central catheter.

Report coverage

The market research study on “Intravenous Therapy and Vein Access Devices Market (Product Type: Implantable Port, Intravenous Catheter, Hypodermic Needles, Infusion Pumps, Other Products; Medical Application: Medication Administration, Volume Expanders, Blood Based Products, Nutrition and Buffer Solution; End User: Hospitals, Ambulatory Surgical Centers, Clinics) – Global Industry Analysis, Market Size, Opportunities and Forecast 2023” offers a detailed study on the global market entailing insights on its different market segments. The report provides insight on global intravenous therapy and vein access devices market, its product type, medical applications, end users, and major geographic regions along with industry chain analysis. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers the global intravenous therapy and vein access devices market size and segment markets by product type, medical applications, end user, and geography and other market segments along with the information on companies operating in the market. The intravenous therapy and vein access devices market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, and LAMEA. For each region, the market sizes for different segments have been covered under the scope of report. The players profiled in the report include Medtronic Plc, Fresenius Medical Care, B. Braun Melsungen AG, AngioDynamics, Inc., Dickinson And Company; Pfizer, Becton, Teleflex Incorporated, Insulet Corporation, Terumo Medical Corporation, and Smith & Nephew Plc. among others.

The global intravenous therapy and vein access devices market is segmented as below:

Market Segmentation

Market By Product Type

• Implantable Port
  • Single Lumen Implantable Port
  • Double Lumen Implantable Port
• Intravenous Catheter
  • Peripheral Intravenous Catheter
  • Central Intravenous Catheter
  • Peripherally Inserted Central Catheter
• Hypodermic Needles
• Infusion Pumps
• Other Products

• Volume Expanders
• Medication Administration
• Blood Based Products
• Nutrition and Buffer Solution

• Hospitals
• Ambulatory Surgical Centers
• Clinics

• North America
  • U.S. 
  • Canada
  • Mexico
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• LAMEA
  • Latin America
  • Middle East
  • Africa