Global IV Infusion Pump Accessories Market is anticipated to reach US$ XX Mn by 2026 from US$ XX Mn in 2019 at a CAGR of 4.6% during a forecast period.
Global IV Infusion Pump Accessories Market Overview
IV infusion pump accessories are medical equipment that is used to deliver solutions and fluids into a patient's body in a regulated manner. Infusion pumps are divided into two types based on their intended use: stationary and portable. The infused fluids contain nutrients or drugs that are necessary for therapeutic or medical treatments. In addition, these pumps are commonly used in medical settings such as critical care, outpatient, private clinics, and at-home settings.
Global IV Infusion Pump Accessories Market
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Global IV Infusion Pump Accessories Market Dynamics
As the prevalence of target illnesses such as cancer, viral infections, and tuberculosis (TB) has grown, so has the global use of IV infusion pump accessories. Intravenous (IV) access devices are used to provide analgesics, anesthetics, antipyretics, antibiotics, anticancer medications, and other drugs. Intravenous needles are most typically used to provide antiviral and analgesic medications. Furthermore, an increase in the occurrence of hazardous illnesses such as Ebola, Zika, and other arbovirus diseases is predicted to drive the growth of IV infusion pump accessories across Asia and Africa. In addition, the global IV infusion pump accessories market is expected to rise due to an older population and technical developments in product design.
In the USA, over 90% of hospitalized patients received IV medicines, the majority delivering them via the infusion pump, according to a featured article by Wolters Kluwer Health, Inc. This model is a good example of the growth of the market in the coming years of IV infusion pump accessories. Although infusion pumps are precise liquid and medicine exchanging devices, they are responsible for 35 % to 60 % of the 700,000 adverse drug events (ADEs) reported in the United States each year. Infusion pumps can also induce bleakness and even death. As a result, competitors in the global IV infusion pump accessories market are projected to place a high priority on research to lower the incidence of mistakes.
However, hazards connected with catheters and the usage of needles have hampered the worldwide IV infusion pump accessories market's growth.
Diabetic Patient Growth Has a Global Impact on the Market
Chronic illnesses such as cancer, diabetes, and gastrointestinal issues are forecast to increase the market for global IV infusion pump accessories. Physicians believe that, compared to 20% of all cases of high blood pressure, 30% of diabetes patients develop CKD ultimately. For example, the National Health Survey estimates that around 15 percent of urban Indians would have chronic kidney illness.
Global IV Infusion Pump Accessories Market Segmentation Analysis
By Product Type, the IV infusion lines segment is expected to grow at the largest CAGR of nearly XX% during the forecast period. IV lines are used to administer a variety of fluids, medicines, and blood products to people of all ages. The catheter, sometimes known as the "line," is a flexible, thin plastic tube. The line is inserted into a vein in the hand, arm, foot, leg, or scalp by a qualified health care professional.
Global IV Infusion Pump Accessories
By End User, the hospital's segment is expected to grow at the largest CAGR of nearly XX% during the forecast period. This segment is expected to have a market value of roughly US$ 990 million by the end of 2026.
However, as a consequence of enhanced imaging infrastructure and diagnostic testing capabilities, the diagnostic centre segment is expected to considerably rise. Some of the primary forces driving segmental development are improvements in their services, a focus on patient pleasure, and the availability of reports via applications or email, among other things. The home care segment is predicted to grow at a CAGR of 4.6 percent during the projected period.
Global IV Infusion Pump Accessories Market Regional Analysis
IV infusion pump accessories are predicted to grow at the fastest rate in North America. By the end of 2026, approximately US$1.1 billion is estimated to be available to the market for IV infusion pump accessories. The increase in the adoption of IV infusion pumps and accessories for the treatment of chronic diseases, the rise in the prevalence of chronic diseases, the rise in the geriatric population, and the availability of many large hospitals in this region are all factors contributing to this region's large market share.
Asia-Pacific is expected to grow at the fastest rate due to its large population base, rising disposable income, and improved patient knowledge of infusion treatments during the forecast period.
Global IV Infusion Pump AccessoriesThe objective of the report is to present a comprehensive analysis of the Global IV Infusion Pump Accessories Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global IV Infusion Pump Accessories Market dynamics, structure by analyzing the market segments and project the Global IV Infusion Pump Accessories Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global IV Infusion Pump Accessories Market make the report investor’s guide.
Global IV Infusion Pump Accessories Market Scope: Inquire before buying
Global IV Infusion Pump Accessories Market
Global IV Infusion Pump Accessories Market by Region
• North America
• Asia pacific
• Middle East and Africa
• South America
Global IV Infusion Pump Accessories Market Key Players
• B. Braun Melsungen AG
• Smiths Medical (Smiths Group plc)
• Chemyx, Inc
• Terumo Corporation
• Becton Dickinson & Company
• MOOG INC
• Nipro Corporation
• Roche Diagnostics
• Teleflex, Inc
• ICU Medical, Inc
• Fresenius Kabi AG
• Medtronic Plc
• Baxter International Inc
• Hospira, Inc
• Zyno Medical
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