Global Intravenous System Access Devices Market: Trend Analysis and Forecast to 2022.

Published - Jan 2017 | Category - Healthcare | No. of Pages - 100+ | Published By - Infinium Global Research

Report Highlights

Infinium Global Research has added a new report on Global Intravenous system access devices market. Intravenous system access devices are small, flexible tubes inserted into arteries or veins, to deliver medication. These devices are used by physicians for treating patient as well as testing blood after withdrawing it via intravenous route. Intravenous system access devices are used for faster delivery of nutrients, fluids and drugs such as antibiotics, analgesics and antipyretics at the site of inflammation i.e. vein. Moreover, these devices are also used for blood transfusion and the correction of electrolyte imbalance. Intravenous access devices include both central and peripheral intravenous catheters.
In 2014, the size of global intravenous system access devices market was valued at USD 30.6 million. While in 2015, global intravenous system access devices market was valued over USD 31.5 billion. The value of global intravenous system access devices market is projected to grow with a CAGR between 7.2%- 7.8 % during the forecast period of 2016 - 2022 and reach USD XX billion by 2022. The growth in the
Global intravenous system market is majorly driven by the factors such as increasing incidences of diseases such as cancer and tuberculosis (TB), increase in number of surgeries across the globe and growing geriatric population. Moreover, tremendous rise in number of surgeries is significantly contributing to the market growth, as surgeries require intravenous access devices for the purpose of medication and anesthetics. Furthermore, technological advancements across the globe is further supporting the growth of intravenous access devices market. However, the major challenge faced by intravenous system access devices market is various complications related to intravenous access devices that are likely to limit the growth of this market. Moreover, growing geriatric population that is highly susceptible to aforementioned diseases are likely to bring more opportunities to this market for major player and new entrants.
Segments Covered:
The report segments the intravenous system access devices market by product, by application, by route of insertion, by end user and by region. Market segmentation based on product type includes Peripheral and central Catheter. Peripheral catheters further sub segmented into PIV catheter and Midline catheter, Central catheters sub segmented into PICC, CVC, Dialysis catheter, implantable catheter and accessories. Moreover, market segmentation based on application includes medication administration, administration of fluid and nutrition, transfusion of blood products and diagnostic testing. Similarly, based on route of insertion market segmented into subcutaneous and intravenous, whereas end user segment comprises hospitals, clinics, ambulatory surgery centers, and diagnostic centers

Geographic Coverage and Analysis

The report provides regional analysis covering geographies such as North America, Europe, Asia Pacific, Latin America and Rest of the World (RoW). As of 2013, North America was the largest intravenous access devices market globally, with a market share of more than 32%. The growth in this region attributed to the large number of patient tool, increased in number of surgeries and growing geriatric population. Asia pacific is the second largest market for intravenous system access devices and is anticipated to grow with highest CAGR of 9.4% over the forecast period. This is due to rise in geriatric population, target disease, increase in healthcare expenditure and improving healthcare infrastructure in Asia Pacific region. Moreover, rise in disposable income owing to economic development will also propel the growth of intravenous access device market across the region.

Companies Profiled:
The companies covered in the report include CareFusion Corporation, Teleflex Incorporated, Smiths Medical, Baxter International, Becton, Dickinson & Company, Fresenius Medical Care AG & Co. KGaA, B. Braun Melsungen AG, Covidien Plc, Medtronic, Inc., and Hospira, Inc. Among these, Hospira, Inc., Baxter International, CareFusion Corporation, and Becton, Dickinson
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of intravenous system access devices globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and value chain analysis of intravenous system access devices market. Moreover, the study highlights current market trends and provides forecast from 2016 to 2022. We also have highlighted future trends in the intravenous system access devices market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the medical devices to understand the present and future trends in this market and formulate their strategies accordingly.

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