IV Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

IV Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The IV equipment market is witnessing a robust growth trajectory driven by an ageing population facing chronic illnesses, particularly in developed regions. Anticipated to demand ever-more surgical procedures, the market is expected to flourish with IV therapy emerging as one of the preferred choices for medical practitioners. This trend is poised to benefit companies actively involved in the IV equipment market, with strong economic growth in Latin America and the Asia-Pacific, Eastern Europe, and Japan (APEJ) regions presenting significant growth opportunities.

Rising Prevalence of Chronic Diseases Fuels Demand for IV Catheters

The IV catheter segment has become a significant contributor to revenue, holding a considerable portion of the IV equipment market based on product type. Predicted to maintain a steady growth rate from 2024 to 2031, this segment is anticipated to reach a substantial value by the end of the forecast period. The growth is driven by rising rates of chronic illnesses and the aging demographic, highlighting the need for dependable and effective IV access.

Infusion Pumps Market Dominated by Europe

Following IV catheters, infusion pumps hold a significant share in the IV equipment market, with Europe leading the market due to its well-developed medical infrastructure and growing geriatric population. As the demand for infusion therapy continues to rise, companies are advised to capitalize on opportunities in Europe and target the APEJ region, which is anticipated to exhibit the highest CAGR during the forecast period.

Marginal Opportunities in Securement Devices and Stopcocks & Valves

Although the securement devices and stopcocks & valves segments had small revenue shares in 2024, there are prospects for growth in these areas. The securement devices segment is anticipated to decline in market share, whereas stopcocks & valves are forecasted to increase their share, presenting an opportunity for companies to adapt their strategies accordingly.

Drip Chambers and Needleless Connectors Face Declining Popularity

In contrast, the drip chamber and needleless connector segments are experiencing waning popularity, with single-digit revenue shares in the IV equipment market. As companies prioritize more lucrative options, such as IV catheters and infusion pumps, the drip chamber segment is likely to witness a comparatively higher CAGR. Companies are urged to consider these trends while formulating their market strategies to stay competitive in the evolving landscape.

Competition Intensifies Among Key Players

Fairfield Market Research has identified several key players in the IV equipment market, including Becton, Dickinson and Company, B. Braun Melsungen AG, Fresenius SE & Co. KGaA, Baxter International Inc., Smiths Group, ICU Medical, C. R. Bard, Terumo Corporation, Moog Inc., and AngioDynamics. As competition intensifies, companies are expected to focus on innovation, product differentiation, and geographical expansion to maintain their market position.

IV Equipment Market Segmentation

Product Type
• IV Catheters
• Infusion Pumps
• Securement Devices
• Drip Chambers
• Other IV Equipment
• Stopcocks & Check Valves
• Administration Sets
• Needleless Connectors

End User
• Hospitals
• Clinics
• Home Care Settings
• Ambulatory Care Centers

Region
• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

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