Intravenous access device are utilized by the physicians to deliver
the medication to the patient’s blood stream through the
intravenous route. Intravenous access device can also withdraw the
blood for testing or diagnosis purpose. There are various therapies
administrated by the intravenous access device which are included for
the designation of specialty drugs. Intravenous access device prevent
the air from entering the blood stream and allows the estimation of
flow rate. Intravenous access devices are used for various purposes
such as to correct the electrolyte imbalances, to deliver
medications, fluid replacement or for blood transfusion whereas it
can also be used when the patient is dehydrated.
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Additionally intravenous access devices can be used for chemotherapy,
chronic diseases such as diabetes, cancer, cardiovascular disorders,
with acute infectious diseases also favors the growth of intravenous
access devices market. Moreover, urbanization and growing geriatric
population all over the world is expected to boost the growth of
intravenous access device market.
Market Dynamics
Rising incidence of cardiovascular disease due to increase in the
prevalence of diabetes, high blood pressure cases and number of
smokers worldwide is expected to favor the demand for intravenous
access device around the globe. According to World Health
Organization (WHO), in 2015 around 17.7 million people died due to
cardiovascular disease worldwide. Furthermore, the majority of deaths
are occurred in emerging economies due to high prevalence rate and
lack of healthcare services in rural areas. Also, increasing aging
population and rising demand for intravenous access are the other
factors leading to the growth of intravenous access device market in
developed as well as emerging economies.
Rise in incidences of different disease is expected to fuel the
growth of the intravenous access devices market in the near future.
North America accounts for the largest share in the global
intravenous access devices market, followed by Europe. This
mainly attributed to rapidly aging population, increase in the
incidence rate of various disease such as cancer, kidney failure,
diabetes and other life style inflicted diseases are some of the
major factors that are expected to drive the intravenous access
market. As per the stats published by Centers for Disease Control and
Prevention (CDC), in 2012, around 29.1 people were living with
diabetes in the U.S. Furthermore, in 2012, 1.7 million people were
newly diagnosed for diabetes in U.S.
Intravenous Access Devices Market - Major Players
Some major players operating in the intravenous access devices market
includes Becton, Dickinson and Company, B. Braun Melsungen AG,
Teleflex, Inc., C.R. Bard, Inc., Fresenius Medical Care, Smiths
Medical, Hospira, Inc., Covidien Plc, Fresenius Medical Care AG &
Co., and Baxter International.
Detailed Segmentation:
Global Intravenous Access Devices Market, By Product Type:
• IV Catheters
• IV Infusion Pumps
• IV Needles
Global Intravenous Access Devices Market, By Catheters:
• Midline Peripheral Catheters
• Peripherally Inserted Central Catheters
• Centrally Inserted Central Catheters
• Others
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