New York, NY, July 24, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Intravenous Access Devices Market by Product Type (Intravenous Catheters, Intravenous Infusion Pumps, and Intravenous Needles) and by End-User (Dialysis Centers, Home Care, Hospitals, Clinics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global intravenous access devices market was approximately USD 5,252 million in 2018 and is expected to generate around USD 8,085 billion by 2025, at a CAGR of around 6.37% between 2019 and 2025.
Intravenous access devices play a crucial role in the healthcare sector. These devices are inserted into a person’s veins through peripheral vessels for treating diagnostic conditions. Doctors and physicians use these devices to treat patients and conduct blood tests blood after withdrawing it through intravenous route. Moreover, these devices are also used for administering various drug classes like antipyretics, antibiotics, and analgesics. Various factors are driving the intravenous access devices market globally, such as technological advancements for designing new products, ever-increasing global population, and rising incidences of various diseases like tuberculosis, cancer, etc. Moreover, the rising number of hospitalizations also fuels the intravenous access devices market. However, the risks associated with using needles and moderate government regulations for intravenous insulin approvals may limit the intravenous access devices market.
Browse through 37 Tables & 23 Figures spread over 110 Pages and in-depth TOC on “Global Intravenous Access Devices Market: By Product Type, Size, Share, Industry Growth, Segments, Analysis and Forecast, 2018–2025”.
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The intravenous access devices market is fragmented on the basis of product type and end-user. Based on product type, the market is divided into intravenous infusion pumps, intravenous catheters (midline peripheral and central catheters), and intravenous needles. Central catheters are sub-divided into centrally inserted and midline peripheral catheters. Intravenous infusion pumps are further classified into parenteral feeding infusion pumps, intravenous insulin infusion pumps, intravenous syringe infusion pumps, and intravenous patient controlled analgesia infusion pumps. The intravenous catheters segment holds the largest market share and is expected to dominate the global market in the future. This can be due to the rising need for long-term intravenous access devices and rising incidences of chronic diseases like cancer, tuberculosis, etc. By end-user, the market is categorized into dialysis centers, hospitals, home care, clinics, and others. Hospitals accounted for the largest market share in 2018, as various leading hospitals and multispecialty use intravenous access devices to treat patients.
North America dominates the intravenous access devices market globally, due to the rising population. Additionally, the growing chronic disease incidences result in the establishment of more hospitals, which drives the demand for intravenous access devices for treating patients suffering from various diseases. The U.S. dominates this regional market currently and is expected to maintain its spot over the forthcoming years. This can be due to the availability of advanced healthcare infrastructure, growing healthcare expenditure, and the regional presence of leading players.
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Europe held the second spot in 2018 in the intravenous access devices market globally, due to the increasing regional awareness about intravenous access devices and its benefits. The U.K. and Germany have been major contributors to the European intravenous access devices market development over the last few years.
The Asia Pacific intravenous access devices market shall register the highest CAGR over the forecast time period, owing to the growing R&D activities, increasing population, rising disposable income and healthcare expenditure, and faster adaptability of technologically advanced treatments using intravenous access devices. Additionally, improving healthcare infrastructure across the region is also contributing to the Asia Pacific intravenous access devices development.
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The Latin American intravenous access devices market is estimated to witness grow moderately over the forecast time period, due to the increasing healthcare expenditure and high awareness among patients regarding surgical procedures. The Middle Eastern and African region is projected to show a sluggish rate of growth in intravenous access devices market in the years ahead, due to the lack of funding required for the acquisition of intravenous access devices.
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Some major players operating in the global intravenous access devices market are Becton, Dickinson & Company, Teleflex, B. Braun Melsungen, Medtronic, Hospira, Smiths Medical, Fresenius Medical Care, Covidien, Baxter International, CareFusion.
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This report segments the global intravenous access devices market into:
Global Intravenous Access Devices Market: By Product
- Intravenous Catheters
- Midline Peripheral Catheter
- Central Catheters
- Centrally Inserted Catheters
- Midline Peripheral Catheters
- Intravenous Infusion Pumps
- Intravenous Insulin Infusion pumps
- Parenteral Feeding Infusion Pumps
- Intravenous Patient Controlled Analgesia (PCA) Infusion Pumps
- Intravenous Syringe Infusion Pumps
- Intravenous Needles
Global Intravenous Access Devices Market: By End-User
- Dialysis Centers
- Homecare
- Hospitals
- Clinics
- Others
Global Intravenous Access Devices Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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