India Intravenous (IV) Equipments Market Overview, 2028

India Intravenous (IV) Equipments Market Overview, 2028

The Indian healthcare sector is undergoing a transformation, and the dynamic landscape of IV equipment is part of this transformation. The IV equipment market in India has grown significantly, driven by technical developments, rising healthcare expenditures, and a greater emphasis on patient-centered care. The Indian IV equipment market has grown rapidly, owing to rising chronic illness prevalence, an ageing population, and increased demand for advanced healthcare services. The market includes a wide range of IV equipment, such as infusion pumps, catheters, administration sets, and accessories, to meet the various needs of healthcare facilities across the country. Technological advancements are critical to developing India's IV equipment industry. Advanced infusion pumps with safety features, precise dosage capabilities, and smart networking possibilities are becoming more popular. These technologies enable healthcare providers to remotely monitor and modify infusion rates, providing precise and safe medicine administration. The increased acceptance of disposable and safety-enhanced IV catheters and accessories is a major trend affecting the Indian IV equipment market. These goods are prioritised by healthcare facilities to reduce the risk of infection, improve patient comfort, and improve the overall safety of intravenous treatments. Furthermore, there is a significant trend towards ambulatory and home-based infusion therapy, which has prompted the creation of portable and user-friendly infusion pumps. This tendency is consistent with the growing desire for decentralised healthcare delivery and patient convenience. IV equipment is following suit as Indian healthcare embraces digital health solutions. Remote monitoring of IV therapies is possible thanks to integration with electronic health records (EHR), telemedicine platforms, and mobile applications. This integration improves access to healthcare services and allows for improved patient-doctor communication, particularly in rural locations. In India's healthcare scene, cost remains a crucial factor. Manufacturers are developing cost-effective IV equipment while maintaining quality and safety standards. The emphasis on affordability is intended to guarantee that vital IV therapies continue to be available to a larger segment of the population.

According to the research report ""India Intravenous (IV) Equipments Market Overview, 2028,"" published by Bonafide Research, the India Intravenous (IV) Equipments market is projected to grow with more than 8% CAGR from 2023 to 2028. India's healthcare spending has increased significantly, promoting growth in the medical device sector, especially IV equipment. The increased healthcare expenditure reflects the country's growing emphasis on enhancing healthcare facilities and services. The Indian government has initiated a number of measures aimed at improving healthcare access and affordability, which has an indirect impact on the acceptance and availability of IV equipment in various healthcare facilities. Rural India confronts difficulty in providing quality healthcare services. Portable, cost-effective, and simple-to-use IV equipment is increasingly in demand to overcome these obstacles and extend vital treatments beyond metropolitan areas. India is well-known as a medical tourism destination. The availability of advanced medical facilities and treatments, such as the usage of sophisticated IV technology, draws people from all over the world who are looking for high-quality, cost-effective healthcare. The medical technology sector has experienced a surge in entrepreneurial activity in India. Start-ups focused on providing unique IV equipment solutions have arisen, contributing to the market's diversification and growth. The country has evolved as a manufacturing powerhouse for medical devices, especially IV equipment. This expansion is attributable to skilled labour, favourable government regulations, and the establishment of healthcare-specific industrial zones. Indian manufacturers are increasingly focusing on designing IV equipment that is suited to the needs of patients. Considerations for cultural preferences, various patient demographics, and user-friendly designs that improve patient comfort throughout treatment are all part of this. India is an important component of the worldwide supply chain for medical products, especially IV equipment. Its contribution to manufacturing and exports increases its international market position.

Based on product market includes IV catheters, infusion pumps, administration sets, securement devices, needless connectors, stopcocks and check valves, drip chambers and others. Infusion pumps is growing at significant pace in India IV equipments market. In India, hospitals see a significant influx of patients seeking intravenous therapies. Infusion pumps are essential in medical settings for precisely providing fluids, drugs, and nutrition, which contributes to their widespread use and expansion. Diabetes, cardiovascular disease, and cancer are all on the rise in the India. Infusion pumps play an important role in delivering the precise drugs and therapies needed to manage these chronic illnesses, resulting in rising demand for these devices. Infusion pumps are vital in critical care units for administering life-saving drugs and maintaining hemodynamic stability. These pumps' precision and control in critical care scenarios contribute significantly to their expanding use in intensive care settings. Government measures to improve healthcare infrastructure and services encourage the use of infusion pumps. Healthcare investments and the quest for better medical facilities indirectly fuel demand for innovative medical products such as infusion pumps. Increased knowledge of the benefits of infusion pumps among healthcare professionals, as well as specialised training programmes for their proper usage, have contributed to their increased acceptability and implementation across a variety of healthcare facilities.

In terms of end user market is segmented into hospitals, clinics, home care settings and others. Home care settings is expected to grow at rapid pace in India IV equipments market. Home-based intravenous therapy has become more accessible due to advancements in IV equipment, particularly portable and user-friendly infusion pumps. These technologies enable patients to obtain critical treatments outside of hospitals, which contributes to the rapid expansion of home care settings. Healthcare preferences in India are shifting towards decentralised and patient-centred treatment. The growing emphasis on providing healthcare services in the home is driven by the desire for convenience, lower hospitalisation costs, and enhanced patient comfort. Many patients want to be treated in the comfort and privacy of their own homes. This desire for home-based care, along with the availability of modern IV equipment optimised for home usage, is driving the rapid expansion of home care settings within the IV equipment market.

Considered in this report:
• Geography: India
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• India Intravenous (IV) Equipments market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product:
• IV Catheters
• Infusion Pumps
• Administration Sets
• Securement Devices
• Needless Connectors
• Stopcocks and Check Valves
• Drip Chambers
• Others

By End User:
• Hospital
• Clinics
• Home Care Settings
• Others

By Indication:
• Cardiovascular Disorders & Hypertension
• Pregnancy
• Diabetes
• Respiratory Diseases
• Cancer
• Movement Disorders
• Wound Care
• Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Intravenous (IV) Equipments industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.