Global Intravenous Access Devices Market 2017-2021

This market research study identifies B. Braun Melsungen, BD, C. R. Bard, Smiths Medical, and TERUMO CORPORATION as the leading players in the global intravenous access devices market. A comprehensive analysis of this market is also presented by product type (intravenous catheters and intravenous infusion pumps), by end-user (dialysis centers, home care, hospitals, clinics, and ASCs), and by geography (the Americas, APAC, and EMEA).

Overview of the global intravenous access devices market

The rising prevalence of various chronic and acute diseases and growth in the global population are resulting in an increased number of hospitalizations. Our analysis on intravenous access devices market identifies that the rising number of hospitalizations will be one of the major factors that will have a positive impact on the growth of the market. The total number of inpatient hospitalizations in the US has increased by around 15% from 2000 to 2012. According to the centers for disease control and prevention (CDC), around 4 million people visited hospital outpatient departments in 2014 due to the rising incidence of infectious and parasitic diseases. The number of adults diagnosed with kidney diseases is also increasing in the US. This in turn, has resulted in the increased adoption of surgical and nonsurgical procedures, which requires intravenous access devices such as IV port. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.

North America is the major contributor to the intravenous access devices market. The increasing number of surgical procedures and the high awareness among patients and healthcare professionals are driving the adoption of intravenous access devices such as central venous catheters and vascular access devices in various health care centers. The application of ported short peripheral intravenous catheters (PIVC), integrated closed PIVCs, and peripherally inserted central catheters (PICC) will continue to increase in the Americas throughout the estimated period due to the growing healthcare expenditure, the availability of advanced healthcare infrastructure, and the strong presence of leading vendors.

Competitive landscape and key vendors

The intravenous access devices market appears to be fragmented and is highly competitive due to the presence of many global and regional players. The regional vendors offer products at competitive prices, and the players face intense competition from the international vendors. This is compelling the key vendors in this venous access device market to focus on the expansion of their product portfolio, increase their market penetration and expansion, and develop advanced products.

Key vendors in this market are -

• B. Braun Melsungen
• BD
• C. R. Bard
• Smiths Medical
• TERUMO CORPORATION

Other prominent vendors in the market include AngioDynamics, APEXMED International, Baxter, Cook Medical, Delta Med, EXELINT International, Fresenius, GaltNeedleTech, Global Medikit, Hospira, ICU Medical, Medtronic, NIPRO Medical, Promed Group, RenovoRx, Retractable Technologies, Teleflex, Vigmed, and Vygon.

Segmentation by product type and analysis of the intravenous access devices market

• Intravenous catheters
• Intravenous infusion pumps

The intravenous catheters segment comprises of central intravenous catheters (CIVC) and peripheral intravenous catheters (PIVC). The venous access device market is experiencing growth in the intravenous catheters segment due to the rising need for long-term intravenous access and increasing prevalence of chronic diseases. The segment will continue to grow due to the rising demand for safety short PIVCs and advanced integrated or closed PIVCs and increased emergency hospital visits.

Segmentation by end-user and analysis of the intravenous access devices market

• Dialysis centers
• Home care
• Hospitals
• Clinics
• ASC

The influx of patients in hospitals is high in comparison to other healthcare centers because hospitals procure medical products and consumables in bulk. The specialists in various multispecialty and big hospitals employ PIVCs, CIVCs, and intravenous infusion pumps to administer intravenous medication to the patients. These hospitals engage closely with government organizations, reimbursement authorities, and several suppliers.

Key questions answered in the report include

• What will the intravenous access devices market size and growth rate be in 2021?
• What are the key factors driving the global intravenous access devices market?
• What are the key market trends impacting the growth of the global intravenous access devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global intravenous access devices market?
• What are the market opportunities and threats faced by the vendors in the global intravenous access devices market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global intravenous access devices market?

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