The intravenous fluid monitoring devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Intravenous Fluid Monitoring Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The intravenous fluid monitoring devices market size has grown strongly in recent years. It will grow from $4.71 billion in 2023 to $5.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increase in prevalence of chronic diseases, growth in geriatric population, improvements in healthcare infrastructure, stricter regulatory standards, and increase in the number of surgical procedures and critical care treatments.
The intravenous fluid monitoring devices market size is expected to see strong growth in the next few years. It will grow to $7.21 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to increasing emphasis on patient safety, expansion of healthcare facilities, rising development of remote monitoring devices, increasing number of smart and connected devices, and rising awareness of fluid management. Major trends in the forecast period include integration with internet of things (IoT), adoption of artificial intelligence, development of wearable technology, advancement in smart infusion pumps, and advancements in data analytics for improving fluid management strategies.
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Scope Of Intravenous Fluid Monitoring Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Intravenous Fluid Monitoring Devices Market Overview
Market Drivers –
The rise in home healthcare is expected to propel the growth of the intravenous fluid monitoring devices market going forward. Home healthcare refers to medical and non-medical services provided to individuals in their homes to support their health and well-being. Home healthcare is primarily attributed to factors such as an aging population, advancements in medical technology, increased prevalence of chronic diseases, and a growing preference for in-home treatment due to its comfort and cost-effectiveness. Intravenous fluid monitoring devices in home healthcare provide accurate tracking of fluid administration, ensuring proper hydration and medication delivery, and enabling remote monitoring to enhance patient care. For instance, in November 2023, according to report published by Public Health Scotland, a Scotland-based national agency, in 2022/23, the total hours of Care at Home services amounted to just over 37.7 million, reflecting a growth of approximately 3% compared to 2021/22. Therefore, the rise in home healthcare is driving the intravenous fluid monitoring devices market.
Market Trends –
Major companies operating in the intravenous fluid monitoring devices market are developing strategic partnerships to enhance their product offerings, expand market reach, and drive innovation. Collaborations with technology firms or research institutions enable companies to integrate cutting-edge technologies, such as the Internet of Things (IoT) and artificial intelligence (AI), into their devices. This enhances the accuracy and functionality of fluid monitoring systems. For instance, in August 2023, B. Braun, a Germany-based medical and pharmaceutical device company, integrated their infusion pumps with remote monitoring technology provided by Monitor, a Finland-based health technology company. This enhances the versatility of B. Braun’s IV therapy infusion pumps and allows healthcare professionals to monitor infusions remotely, improving ease and accuracy in patient care.
The intravenous fluid monitoring devices market covered in this report is segmented –
1) By Product Type: Wired Devices, Wireless Devices
2) By Application: Flow Monitoring, Volume Monitoring, Pressure Monitoring
3) By End User: Hospitals And Clinics, Ambulatory Surgical Centers, Home Care Settings, Other End-Users
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Regional Insights –
North America was the largest region in the intravenous fluid monitoring devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intravenous fluid monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the intravenous fluid monitoring devices market are Cardinal Health Inc., Johnson & Johnson Services Inc., 3M Company, Medtronic plc, Becton, Dickinson and Company, Baxter International Inc., B. Braun Holding GmbH & Co. KG, Fresenius Kabi AG, Terumo Corporation, Mindray Medical International Limited, Nipro Corporation, Moog Inc., West Pharmaceutical Services Inc., ICU Medical Inc., Insulet Corporation, Merit Medical Systems Inc., Avanos Medical Inc., NxStage Medical Inc., AngioDynamics Inc., Elcam Medical Inc., Zyno Medical LLC, Sippex, Arcomed AG, Vitrex Medical A/S< /b>
Table of Contents
1. Executive Summary
2. Intravenous Fluid Monitoring Devices Market Report Structure
3. Intravenous Fluid Monitoring Devices Market Trends And Strategies
4. Intravenous Fluid Monitoring Devices Market – Macro Economic Scenario
5. Global Intravenous Fluid Monitoring Devices Market Size and Growth
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32. Global Intravenous Fluid Monitoring Devices Market Competitive Benchmarking
33. Global Intravenous Fluid Monitoring Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Intravenous Fluid Monitoring Devices Market
35. Intravenous Fluid Monitoring Devices Market Future Outlook and Potential Analysis
36. Appendix
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