The global market for intravenous access devices was valued at US$ 5,086.74 million in 2016 and is projected to reach US$ 7,918.12 million by 2025, increasing to CAGR by 5.1% from 2017 to 2025. Prominent market players are striving to eliminate complications such as phlebitis, extravasation, and hematoma by adding safety features to catheters and cannulae used as intravenous access devices. Device features such as encapsulated needle shield and click lock safety mechanism, smooth surface, delicate tapered catheter tips and ergonomically designed thumb grip enhance the safety and patient compliance of intravenous access devices. Insyte autoguard shielded IV catheters (Becton and Dickinson) and Introcan safety 3 IV catheters (B. Braun Medical, Inc.) have been successful in addressing intraveinous access device complications.
The peripheral vascular access system leads the segment of the product as it is used for short-term antibiotic and anti-pyretic drugs for the first-line treatment of infectious diseases. Central vascular access system finds significance for long term therapy used for the treatment of chronic diseases.
Rising prevalence of chronic diseases and intravenous drug use for contagious diseases favor the dominance of drug administration and diagnostic testing in the application segment. Increased road accidents, malnutrition and blood disorders will highlight the impressive increase in blood transfusion and fluid and nutrition administration in the application segment.
North America’s consolidated market position is due to an increasing prevalence of both communicable and non-communicable diseases. Enhanced government spending on developing the healthcare segment leads to increased demand for intravenous access devices on the North American market.
In Asia Pacific, slutry weather conditions, poverty and pollution are responsible for the increase in bacterial infections requiring immediate IV fluid and drug treatment. The competitive market is driven by the impressive growth of domestic players producing intravenous access devices on the Asia-Pacific market.
The market for intravenous access devices includes cardinal players such as Nipro Medical Corporation, Becton Dickinson and Company, Edward Life Sciences Corporation, Medtronic Plc, Baxter International, Inc., Siemens Medical Solutions, Inc., Teleflex Medical, GE Healthcare, Inc., Terumo Corporation and B. Well, Braun Medical, Inc.
[Browse full report: “Intravenous Access Devices Market Size”]
Key research study highlights comprise:
- Exhaustive research and analysis of the global INTRAVENOUS ACCESS DEVICES industry
- The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
- Major elements of market dynamics such as drivers, challenges and opportunities and their effect on INTRAVENOUS ACCESS DEVICES market is also covered in the report
- Key players operating in the market are profiled and accompanied with the competitive landscape evaluated on the basis of product offering & business strength
- Cross sectional analysis of each region covering individual segments for the forecast period 2016 – 2017 in terms of value (US$Mn)
Research methodology applied for this study:
Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global INTRAVENOUS ACCESS DEVICES market specific to key segments, and regional segmentation.
- Secondary Research
Secondary research was initiated with data collected through sources such as press releases, company annual reports, and relevant documents focusing on the current developments in the global INTRAVENOUS ACCESS DEVICES market. Authentic sources such as university research papers, scientific journals, and government websites were similarly screened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in INTRAVENOUS ACCESS DEVICES market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of INTRAVENOUS ACCESS DEVICES market study.
- Primary Research
The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help of e-mail interactions, telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Credence Research Inc.
105 N 1st ST #429
Toll Free (US/CANADA): +1-800-361-8290