The Global IV Tubing Sets And Accessories Market is projected to register a CAGR of 4.36% over the forecast period. IV tubing sets and accessories are widely used for treating patients with electrolyte imbalance and dehydration. They are also used for specialized drug delivery as well as for the delivery of nutrient fluids into a patient’s body. These tubing sets offer high drug-delivery accuracy rate, faster results, and several other advantages. The IV tubing sets and accessories market segmentation is based on product type, end-use, application, and region.
Key Factors Driving the Growth of the IV Tubing Sets and Accessories Market:
IV Tubing Sets and Accessories Market, By Product Type:
Based on the product type, the global IV tubing sets and accessories market has been segmented into primary IV tubing sets, secondary IV tubing sets, extension IV tubing sets, accessories for IV tubing, and others. Increased usage of primary IV tubing sets infused with intermittent or continuous medications or fluids has resulted in the growth of this segment. The primary IV tubing sets segment held the largest market share in 2019.
IV Tubing Sets and Accessories Market, By End-use:
Based on end-use, the global IV tubing sets and accessories market is divided into hospitals, clinics, outpatient surgery centres, and others. The hospital end-use segment had the largest market share in 2019, owing to a rise in the prevalence of cardiovascular diseases, which has led to an increased rate of hospitalization of patients.
IV Tubing Sets and Accessories Market, By Applications:
Based on applications, the global market has been segmented into lateral intravenous catheter insertion, central venous catheter placement, and peripheral intravenous catheter insertion (PICC). The PICC allows drugs, fluids, and blood products to be delivered directly into the patient's cardiovascular system, which ensures rapid absorption by the target organs. This is the main factor responsible for the growth of the PICC segment, which is expected to dominate the applications segment over the forecast period.
IV Tubing Sets and Accessories Market, By Region:
Based on regions, the global IV tube sets and accessories market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The market has been dominated by North America due to the presence of a large aging population in the region, along with the increasing prevalence of diseases and adoption of advanced healthcare technologies.
An increasing patient pool, government efforts for improving patient awareness, need for technological advancement, and integration of cost-effective healthcare solutions are the factors that are excepted to fuel the demand for IV tubing sets and accessories in the Asia Pacific region over the forecast period. The Asia Pacific region is projected to register a high CAGR during the forecast period.
Our researchers have studied the market in depth and have developed important segments such as product type, application, and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects, and CAGR. Each market segment offers in-depth, qualitative and quantitative information on market outlook.
The major companies operating in the market are focusing on mergers, acquisitions, agreement, product launch, and partnerships in order to strengthen their market position. The main companies include Becton, Dickinson and Company (CareFusion), Zyno Medical, Health Line International Corporation, C.R. Bard, Inc., Baxter International Inc., Perfect Medical Ind. Co., Ltd, B. Braun Melsungen AG, Dynarex Corporation, Fresenius Kabi AG, Vygon U.S.A, Nipro Corporation, Smiths Medical, B., Poly Medicure Ltd., ICU Medical Inc., and Hospira Inc. (Pfizer Inc.), among others.
This report includes the profiles of key IV tubing sets and accessories market companies, along with their SWOT analysis and market strategies. In addition, the competitive landscape provides a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.
By Product Type:
Reasons to Buy This Report:
We provide customization of the study to meet specific requirements:
Detailed scope covering all the major segments in the market
In line data validations to ensure data precision
Market recommendations supporting decision making processes
Round the clock analyst support to resolve your queries
Up to 15% additional free customization to meet your specific requirements