The global IV equipment market was valued at USD 9.5 Billion in 2020 and is anticipated to grow at USD 13.73 Billion till 2027 recording a CAGR of 5.4% during the forecast period 2021-2027. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
View detailed Report Description at https://precisionbusinessinsights.com/market-reports/iv-equipment-market/
IV equipment is a medical device. This medical device is mainly used in the intravenous therapy for delivering the liquid substance into one’s body through the intravenous system. Intravenous therapy is one of the robust routes for delivering medications to the person as the medication enters into the circulation directly through intravenous direction. IV equipment is also used to administer infusions and injections through infusion pumps and syringes. The IV equipment should be sterile before administering into one’s vein.
There are several significant factors projected to foster the market over the forecast period, which include several benefits of intravenous therapy, increasing count of surgical procedures, availability of fixed IV equipment like IV cannulas for the administration of numerous drugs as well as growing aging population. On the other hand, patient safety risks, strict regulatory regulations for the approval of new products and increasing cases of medication errors are expected to hinder the IV equipment market growth over the forecast period. Moreover, collaborations, acquisitions, novel product launchings and mergers are the strategies followed by the key players to generate the revenue share in IV equipment market. For example, ICU Medical Inc. obtained Hospira infusion systems in April 2017 for expanding their product collection in the IV Equipment market.
Based on regional basis, global IV equipment market is categorized into several regions such as Latin America, North America, Europe, Asia Pacific, Middle East and Africa. IV Equipment Market in North America is anticipated to experience significant growth because of the increasing healthcare expenditure, growing cases of chronic illnesses like cancer and huge adoption of homecare IV equipment devices in the region. Europe IV equipment market witnessed considerable share due to the advanced healthcare infrastructure and increasing cases of chronic diseases because of lifestyle change in the region. IV equipment market in Asia Pacific region is impelled by the presence of a large patient pool, growing medical tourism in the countries of this region and huge demand for advance IV equipment in this region.
Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=18894
There are several major industry players working in the IV Equipment Market which include Becton, Dickinson and Company (U.S.), Terumo Corporation (Japan.), Fresenius SE & Co. KGaA (Germany), Braun Melsungen AG (Germany), AngioDynamics, Inc. (U.S.), R. Bard, Inc. (U.S.), ICU Medical, Inc. (U.S.), Baxter International Inc. (U.S.), Moog, Inc. (U.S.), Smiths Medical (U.K.)
About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.
Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.
Contact:
Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: [email protected]
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747
