IV Infiltration Detection Device Market (By Product - Wireless and Wired , Market By Application - Power Management, Data protection, Data Communication, Market By End-User - Hospitals & Clinics, Homecare, Ambulatory Care Centers) - Global Industry Size, Share, Trends, and Forecast, 2018 - 2026

Introduction

IV infiltration occurs when an IV catheter either backs out of the vein or results in the damage to the vein walls.  This helps the IV fluids or medications to soak into the tissues surrounding the IV site. As the infiltration remains undiscovered for longer time, the more severe the problem is. For this purpose, diligent assessment of IV sites is necessary. Moreover, infiltration can also caused due to improper placement of dislodgment of the catheter. The patients actions can cause the catheter to slip out or through the blood vessel lumen.

Market Dynamics

The global IV infiltration detection device is driven due to several factors such as rising incidence of chronic diseases, fast growth in geriatric population, and increasing number of surgical procedures. Moreover, increasing demand for the ambulatory infusion pumps due to the rising homecare market can propel the growth of the market. Increasing number of needle stick injuries and infections can also fuel the growth of the market.

However, patient’s safety risks and medication errors related to infusion pumps   leading to product recalls are some of the restraining factors hampering the growth of the market.

Market Classification and Overview

The global IV infiltration detection device market is segmented into product, application, end-user, and region.

On the basis of product, the market is segmented into wireless and wired.

Based on the application, the market is segmented into power management, data protection, data communication, and others.

On the basis of end-user, the market is segmented into hospitals & clinics, homecare, ambulatory care centers, and others.

Regional Overview

Geographically, the global IV infiltration detection device market is bifurcated into four regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA).

North America is expected to hold the largest share during the forecast period 2018-2026 owing to the increasing aging population, increasing prevalence of chronic diseases, and the presence of well-established healthcare industries.

Europe is expected to witness a healthy growth during the forecasted period owing to the rising demand for the advance medical treatment, presence of major players in region, and growing government healthcare expenditure.

Asia Pacific is expected to drive the market owing to the increasing aging population, various government initiatives, and well developed healthcare infrastructure. Additionally, LAMEA is expecting a steady growth during the forecast period owing to the poor healthcare infrastructure and economic condition.

Report Coverage

Market Participants

The IV infiltration detection device market comprises of some of the major players such as

• Becton
• Dickinson and Company
• B. Braun Melsungen AG
• Baxter International Inc.
• Fresenius SE & Co. KGaA
• ICU Medical, Inc
• others

Market Segmentation

Market By Product

• Wireless
• Wired

Market By Application

• Power Management
• Data Protection
• Data Communication
• Others

Market By End-Users

• Hospitals & Clinics
• Homecare
• Ambulatory Care Centers
• Others

Market By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA