Report Description
The global intravenous access devices market size is anticipated to expand at a CAGR of 5.6% during the forecast period, 2021-2028. The growth of the market is attributed to increasing number of patients suffering from tuberculosis and cancer.
Intravenous access devices are used for the administration of drugs or medications, such as antibiotics or IV drugs, for the treatment of the patient. These devices are also used for the blood transfusion and diagnostic testing. The increasing burden on the healthcare sector owing to the COVID-19 outbreak has growing the demand for such devices across the globe.
Market Drivers, Restraints, Trends, and Opportunities
- Increasing number of smokers worldwide along with rapid urbanization is spurring the market growth.
- Rising prevalence of geriatric population is driving the segment growth.
- Growing development of new vaccines and increasing use of advanced technology to design new products are expected to propel the market growth. Increasing level of disposable income is anticipated to stimulate the market growth.
- Multiple use of devices for testing blood after withdrawing it through intravenous route, for faster delivery of nutrients, fluids and drugs, such as antibiotics, analgesics, and antipyretics at the site of inflammation are positively influencing the market growth.
- Rising number of hospitalizations, as surgeries require intravenous access devices for the purpose of medication and anaesthetics, is expected to fuel the growth of the market.
- Growing healthcare expenditure along with development of improved healthcare infrastructure is anticipated to generate massive opportunities for the industry players during the forecast period.
- Ongoing technological advancements across the globe are speculated to foster the growth of the market.
- Infusion Nursing Standards of Practice reported the risk of infection which through the use of intravenous system access devices, restraining the market growth.
- Using a stopcock can result into a risk of contamination. Therefore, healthcare facilities have been advised to adhere to strict use guidelines and use needle-free connectors to reduce the risk, which is expected to hinder the growth of the intravenous system access devices market
- Increasing awareness among the physicians and patients regarding the benefits of intravenous access devices is anticipated to create various opportunities for the growth of the market.
Scope of the Report
The report global intravenous system access devices market includes an assessment of the market, trends, segments and regional markets.
Attributes
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Details
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Report Title
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Intravenous System Access Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Product Types (Catheters, Needles, and Pumps), Routes of Administration (Intravenous and Subcutaneous), Applications (Medication Administration, Administration of Fluid and Nutrition, Transfusion of Blood Products, and Diagnostic Testing), End-users (Hospitals and Clinics, Ambulatory Surgery Centers, and Others)
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Regional Scope
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North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Driving Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Baxter International, Becton, Dickinson & Company, Braun Melsungen AG, CareFusion Corporation, Covidien Plc, Fresenius Medical Care Ag & Co, KGaA, Medtronic, Inc., Smiths Medical, and Teleflex
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Global Intravenous System Access Devices Market Segment Insights
Subcutaneous segment to hold a considerable market share
Based on route of administration, the market is segmented into intravenous and subcutaneous. The subcutaneous segment accounted for than USD 21.9 billion in 2020 and is expected to reach USD 71 billion by 2028, expanding at a CAGR of 11% during the forecast period, 2021-2028. In subcutaneous drug delivery, the medication is injected in the subcutaneous layer, a layer between the skin and muscle, of an individual The availability of self-administrative drug delivery devices has propelled the growth of the market segment. These drug delivery devices make it possible for the patient to self-medicate themselves anywhere and anytime, in absence of professional help.
Pumps segment to account a considerable market share
On the basis of types, the market is divided into catheters, needles and pumps. The pumps segment is expected to grow at a steady rate during the forecast period. Increasing prevalence of cardiovascular diseases is driving the segment growth. On the other hand, the needles segment is expected to hold a major market share in the projected timeline.
Hospitals & clinics segment to hold a significant market share
In terms of end-users, the market is segregated into hospitals & clinics, ambulatory surgery centers, and others. The hospitals & clinics segment is expected to hold a significant market share during the forecast period owing to wide availability of advanced devices and the presence of specialized medical staff, including doctors and nurses.
The market in Asia Pacific to grow at a robust rate
Based on regions the market is categorized as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to grow at a robust rate due to the increasing geriatric population along with rising prevalence of chronic diseases. Moreover, increasing occurrence of target diseases along with improving healthcare infrastructure in the region is expected to boost the regional market growth.
Segments
Segments Covered in the Report
The global intravenous system access devices market has been segmented on the basis of:
Types
End-users
- Hospitals and clinics
- Ambulatory surgery centres
- Others
Applications
- Medication Administration
- Administration of Fluid and Nutrition
- Transfusion of Blood Products
- Diagnostic Testing
Key players
- BD
- Teleflex,
- C.R. Bard
- Fresenius Medical Care
- Smith’s Medical
- Hospira,
- Covidien Plc
- Fresenius Medical Care AG & Co.
- Baxter International
Regions
- North America
- East Asia
- Europe
- South Asia
- Southeast Asia
- Middle East
- Africa
- South America
Competitive Landscape
The major players of the market are Baxter International, Becton, Dickinson & Company, Braun Melsungen AG, CareFusion Corporation, Covidien Plc, Fresenius Medical Care Ag & Co, KGaA, Medtronic, Inc., Smiths Medical, and Teleflex.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Intravenous System Access Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Intravenous System Access Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Intravenous System Access Devices Market - Supply Chain
4.5. Global Intravenous System Access Devices Market Forecast
4.5.1. Intravenous System Access Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Intravenous System Access Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Intravenous System Access Devices Market Absolute $ Opportunity
5. Global Intravenous System Access Devices Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Intravenous System Access Devices Market Size and Volume Forecast by Types
5.3.1. Catheters
5.3.2.
Needles
5.3.3.
Pumps
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Intravenous System Access Devices Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Intravenous System Access Devices Market Size and Volume Forecast by Applications
6.3.1. Medication Administration
6.3.2.
Administration of Fluid and Nutrition
6.3.3.
Transfusion of Blood Products
6.3.4.
Diagnostic Testing
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Intravenous System Access Devices Market Analysis and Forecast by End Users
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by End Users
7.2.2. Y-o-Y Growth Projections by End Users
7.3. Intravenous System Access Devices Market Size and Volume Forecast by End Users
7.3.1. Hospitals and clinics
7.3.2.
Ambulatory surgery centres
7.3.3.
Others
7.4. Absolute $ Opportunity Assessment by End Users
7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Intravenous System Access Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Intravenous System Access Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Intravenous System Access Devices Demand Share Forecast, 2019-2026
9. North America Intravenous System Access Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Intravenous System Access Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Intravenous System Access Devices Market Size and Volume Forecast by Types
9.4.1. Catheters
9.4.2.
Needles
9.4.3.
Pumps
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. North America Intravenous System Access Devices Market Size and Volume Forecast by Applications
9.7.1. Medication Administration
9.7.2.
Administration of Fluid and Nutrition
9.7.3.
Transfusion of Blood Products
9.7.4.
Diagnostic Testing
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. North America Intravenous System Access Devices Market Size and Volume Forecast by End Users
9.10.1. Hospitals and clinics
9.10.2.
Ambulatory surgery centres
9.10.3.
Others
9.11. Basis Point Share (BPS) Analysis by End Users
9.12. Y-o-Y Growth Projections by End Users
9.13. Market Attractiveness/Growth Potential Analysis
9.13.1. By Country
9.13.2. By Product Type
9.13.3. By Application
9.14. North America Intravenous System Access Devices Demand Share Forecast, 2019-2026
10. Latin America Intravenous System Access Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Intravenous System Access Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Intravenous System Access Devices Market Size and Volume Forecast by Types
10.4.1. Catheters
10.4.2.
Needles
10.4.3.
Pumps
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Latin America Intravenous System Access Devices Market Size and Volume Forecast by Applications
10.7.1. Medication Administration
10.7.2.
Administration of Fluid and Nutrition
10.7.3.
Transfusion of Blood Products
10.7.4.
Diagnostic Testing
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Latin America Intravenous System Access Devices Market Size and Volume Forecast by End Users
10.10.1. Hospitals and clinics
10.10.2.
Ambulatory surgery centres
10.10.3.
Others
10.11. Basis Point Share (BPS) Analysis by End Users
10.12. Y-o-Y Growth Projections by End Users
10.13. Market Attractiveness/Growth Potential Analysis
10.13.1. By Country
10.13.2. By Product Type
10.13.3. By Application
10.14. Latin America Intravenous System Access Devices Demand Share Forecast, 2019-2026
11. Europe Intravenous System Access Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Intravenous System Access Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Intravenous System Access Devices Market Size and Volume Forecast by Types
11.4.1. Catheters
11.4.2.
Needles
11.4.3.
Pumps
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Europe Intravenous System Access Devices Market Size and Volume Forecast by Applications
11.7.1. Medication Administration
11.7.2.
Administration of Fluid and Nutrition
11.7.3.
Transfusion of Blood Products
11.7.4.
Diagnostic Testing
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Europe Intravenous System Access Devices Market Size and Volume Forecast by End Users
11.10.1. Hospitals and clinics
11.10.2.
Ambulatory surgery centres
11.10.3.
Others
11.11. Basis Point Share (BPS) Analysis by End Users
11.12. Y-o-Y Growth Projections by End Users
11.13. Market Attractiveness/Growth Potential Analysis
11.13.1. By Country
11.13.2. By Product Type
11.13.3. By Application
11.14. Europe Intravenous System Access Devices Demand Share Forecast, 2019-2026
12. Asia Pacific Intravenous System Access Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Intravenous System Access Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Intravenous System Access Devices Market Size and Volume Forecast by Types
12.4.1. Catheters
12.4.2.
Needles
12.4.3.
Pumps
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Asia Pacific Intravenous System Access Devices Market Size and Volume Forecast by Applications
12.7.1. Medication Administration
12.7.2.
Administration of Fluid and Nutrition
12.7.3.
Transfusion of Blood Products
12.7.4.
Diagnostic Testing
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Asia Pacific Intravenous System Access Devices Market Size and Volume Forecast by End Users
12.10.1. Hospitals and clinics
12.10.2.
Ambulatory surgery centres
12.10.3.
Others
12.11. Basis Point Share (BPS) Analysis by End Users
12.12. Y-o-Y Growth Projections by End Users
12.13. Market Attractiveness/Growth Potential Analysis
12.13.1. By Country
12.13.2. By Product Type
12.13.3. By Application
12.14. Asia Pacific Intravenous System Access Devices Demand Share Forecast, 2019-2026
13. Middle East & Africa Intravenous System Access Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Middle East & Africa Average Pricing Analysis
13.2. Middle East & Africa Intravenous System Access Devices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Intravenous System Access Devices Market Size and Volume Forecast by Types
13.4.1. Catheters
13.4.2.
Needles
13.4.3.
Pumps
13.5. Basis Point Share (BPS) Analysis by Types
13.6. Y-o-Y Growth Projections by Types
13.7. Middle East & Africa Intravenous System Access Devices Market Size and Volume Forecast by Applications
13.7.1. Medication Administration
13.7.2.
Administration of Fluid and Nutrition
13.7.3.
Transfusion of Blood Products
13.7.4.
Diagnostic Testing
13.8. Basis Point Share (BPS) Analysis by Applications
13.9. Y-o-Y Growth Projections by Applications
13.10. Middle East & Africa Intravenous System Access Devices Market Size and Volume Forecast by End Users
13.10.1. Hospitals and clinics
13.10.2.
Ambulatory surgery centres
13.10.3.
Others
13.11. Basis Point Share (BPS) Analysis by End Users
13.12. Y-o-Y Growth Projections by End Users
13.13. Market Attractiveness/Growth Potential Analysis
13.13.1. By Country
13.13.2. By Product Type
13.13.3. By Application
13.14. Middle East & Africa Intravenous System Access Devices Demand Share Forecast, 2019-2026
14. Competition Landscape
14.1. Global Intravenous System Access Devices Market: Market Share Analysis
14.2. Intravenous System Access Devices Distributors and Customers
14.3. Intravenous System Access Devices Market: Competitive Dashboard
14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
14.4.1. BD
14.4.2.
Teleflex
14.4.3.
C.R. Bard
14.4.4.
Fresenius Medical Care
14.4.5.
Smith’s Medical
14.4.6.
Hospira
14.4.7.
Covidien Plc
14.4.8.
Fresenius Medical Care AG & Co.