Intravenous (IV) Therapy and Vein Access Market By Type (Implantable Ports, Intravenous Catheters, Hypodermic Needles, Infusion Pumps, Other), By Medical Application (Volume Expander, Medication Administration, Blood Based Products, Nutrition And Buffer Solution), By End User (Hospitals, Ambulatory Surgical Center, Clinics): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global intravenous (IV) therapy and vein access market was valued at $22,808.93 million in 2020 and is projected to reach $ 37,537.18 million by 2030, registering a CAGR of 5.2% from 2021 to 2030. Intravenous therapy (IV) is a medical technique that transfers fluids, medications, and nutrients directly into the veins of the patient. The intravenous route of administration is commonly used for rehydration or to provide nutrients for those who cannot, or will not—due to reduced mental states or otherwise—consume food or water by mouth. In addition, it is used to administer medications or other medical fluids, including blood products or electrolytes to correct electrolyte imbalances.. It is used for the treatment of diseases, including heart attack, stroke, and poisoning. In such cases, the patient must receive medication at the earliest, and hence IV medication is prescribed.
The key factors that drive the growth of IV therapy and vein access devices market include rise in incidence & prevalence of chronic diseases, growth in road accidents, and surge in trauma cases. In addition, an increase in healthcare expenditure and healthcare insurance is expected to fuel the market growth during the forecast period. However, the lack of experienced healthcare professionals restricts the market growth. Conversely, the rise in critical care therapies and the increase in the geriatric population are the key factors driving the growth of the market.
Furthermore, the intravenous (IV) therapy and vein access market is segmented on the basis of type, medical application, and region. On the basis of type, the market is segmented into implantable ports, IV catheters, hypodermic needles, infusion pumps, and other products. By medical application, it is categorized into volume expanders, medication administration, blood-based products, and nutrition & buffer solutions. As per end-user, the market is fragmented into hospitals, ambulatory surgical centers, and clinics. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global IV therapy & vein access market include Becton, Dickinson & Company, Braun Melsungen AG, Terumo medical corporation, Teleflex Medical Inc., Medtronic Inc., Angiodynamic, Inc.., Smith& Nephew Plc., Pfizer Inc., Insulet Corporation, and Fresenius SE& CO. KGAA.
The other players (the profiles of these players are not covered in the report) in the value chain include Baxter International Inc., iRadimed Corporation, BioScrip, Inc., Grifols, S.A., JW Life Science Co. Ltd., BRIEF-Sichuan Kelun Pharmaceutical Co. Ltd., CVS Health Corporation, and Vifor Pharma Group.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the intravenous (iv) therapy and vein access market analysis from 2020 to 2030 to identify the prevailing intravenous (iv) therapy and vein access market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the intravenous (iv) therapy and vein access market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global intravenous (iv) therapy and vein access market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Implantable Ports
Intravenous Catheters
Hypodermic Needles
Infusion Pumps
Other
By Medical Application
Nutrition And Buffer Solution
Volume Expander
Medication Administration
Blood Based Products
By End User
Hospitals
Ambulatory Surgical Center
Clinics
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest Of Asia Pacific
LAMEA
Brazil
South Africa,
Saudi Arabia
Rest of LAMEA
Key Market Players
Medtronic Inc
Teleflex
B. Braun Melunsung
terumo corporation
AngioDynamics, Inc.
Fresenius SE and Co. KGaA.
Baxter international plc
Pfizer Inc
Cardinal Health Inc.
smiths medical
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