Global IV Tubing Sets & Accessories Market to Reach $1.8 Billion by 2030
The global market for IV Tubing Sets & Accessories estimated at US$1.3 Billion in the year 2023, is expected to reach US$1.8 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2023-2030. Primary IV Tubing Sets, one of the segments analyzed in the report, is expected to record a 3.9% CAGR and reach US$561.3 Million by the end of the analysis period. Growth in the IV Tubing Accessories segment is estimated at 3.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $352.6 Million, While China is Forecast to Grow at 6.5% CAGR
The IV Tubing Sets & Accessories market in the U.S. is estimated at US$352.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$380.7 Million by the year 2030 trailing a CAGR of 6.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$242.3 Million by the year 2030.
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