US $26.7 Bn Intravenous Equipment Market – Global and Regional Analysis Report 2024-2032
Intravenous Equipment Market Growth 2024 to 2032
Increase in number of people suffering from chronic conditions, rise in geriatric population, continuous advancements in IV equipment technology, growing number of surgical procedures are the factors expected to drive the intravenous equipment market.
According to the report, the intravenous equipment market was valued for $15.0 billion in 2022 and is estimated to reach $26.7 billion by 2032, exhibiting a CAGR of 5.9% from 2023 to 2032.
Request Sample of the Report:
https://www.alliedmarketresearch.com/request-sample/11221
Increase in prevalence of chronic diseases such as diabetes, cardiovascular diseases, cancer and autoimmune disorders, technological advancements in intravenous equipment and growing number of surgical procedures are the factors that drive the growth of the global intravenous equipment market. However, stringent regulatory requirements are hampering the intravenous equipment market growth. On the contrary, the growth opportunities in emerging markets are expected to offer remunerative opportunities for expansion of the intravenous equipment market during the forecast period.
Impact of COVID-19 on Intravenous Equipment Market:
Positive Impacts:
- Increased Demand for IV Therapy: The surge in critically ill COVID-19 patients requiring supportive care led to a significant increase in demand for IV fluids, catheters, pumps, and other related equipment. This boosted the market value and revenue of IV equipment manufacturers.
- Focus on Infection Control: The heightened awareness of infection control during the pandemic spurred advancements in IV equipment with features like antimicrobial coatings and closed-loop systems, reducing the risk of infections for both patients and healthcare personnel.
- Telemedicine Integration: The adoption of telemedicine for managing hospitalized patients potentially enabled remote monitoring of IV therapy, offering convenience and improving patient care accessibility.
Negative Impacts:
- Supply Chain Disruptions: Global lockdowns and travel restrictions disrupted the supply chain for raw materials and components used in IV equipment production. This led to shortages and price fluctuations for certain products, impacting healthcare providers and patients.
- Shifting Priorities: Resource allocation towards managing the pandemic initially diverted attention away from other healthcare needs, potentially leading to delays in procurement and replenishment of routine IV equipment for non-COVID-19 patients.
- Staffing Shortages: Increased pressure on healthcare systems due to the pandemic led to staffing shortages in some hospitals, which could have affected the efficient management and administration of IV therapy for all patients.
Want to Explore More, Connect to our Analyst-
https://www.alliedmarketresearch.com/connect-to-analyst/11221
Key Market Segments:
| By Product Type |
|
| By End User |
|
| By Region |
|
Leading Market Players: –
- Becton, Dickinson and Company
- B. Braun SE
- ICU Medical, Inc.
- Baxter International Inc.
- Teleflex Incorporated.
- 3M Company
- AngioDynamics, Inc.
- Terumo Corporation
- Poly Medicure Ltd.
- Vygon
For Procurement Information-
https://www.alliedmarketresearch.com/purchase-enquiry/11221
Regional Analysis:
North America accounted for the largest intravenous equipment market share in terms of revenue in 2022, owing to its well-developed healthcare infrastructure, high disease prevalence, robust reimbursement policies, presence of key market players, technological advancements, and commitment to patient safety. In addition, region’s advanced medical facilities, including hospitals, clinics, and ambulatory surgical centers, foster the demand for intravenous equipment, while the prevalence of chronic diseases and aging population contribute to the need for advanced medical treatments.
The report provides a detailed analysis of these key players of the global intravenous equipment market. These players have adopted different strategies such as acquisition and product approval to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Official Press Release:
https://www.alliedmarketresearch.com/press-release/intravenous-equipment-market.html
Comprehensive Healthcare Industry Research Studies:
Gastrointestinal Therapeutics Market – Global Opportunity Analysis and Industry Forecast, 2022–2032
Portable Dental Chair Market- Global Opportunity Analysis and Industry Forecast, 2022–2032
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Contact Us:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022,
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Editor Details
-
Company:
- The Wire Times
