(PharmaNewsWire.Com, February 28, 2018 ) Global IV Equipment Market is worth USD 9 billion in 2017 and estimated to grow at a CAGR of 6.2%, to reach USD12.16 billion by 2022. The global IV Equipment market is developing at an exceptionally quick pace.
Intravenous therapy is the mix of liquid constituents directly into a vein. Intravenous (IV) means inside vein. Intravenous infusions are generally referred to as drips. The intravenous route is the quickest way to deliver fluids and medications all over the body.
The major reasons driving the growth of this market consist of the increasing occurrence of chronic diseases, rapid growth in the aging population, and growing number of surgical procedures. The high growth in developing countries across Asia-Pacific and Latin America are expected to provide significant growth opportunities in the coming years. Still, strict regulatory requirements for new products and an increasing occurrence of medication errors and nonexistence of wireless connectivity in maximum hospitals pose challenges for the development of this market
The Global market for IV Equipment is segmented on the basis of Product, End User and region. Based on product, the market is segmented into IV Catheters, Administration Sets, Infusion Sets, Securement Devices, Stopcocks and Check Valves, Drip Chambers, Needleless Connectors, Other IV Equipment. The IV catheters segment is expected to have the major share of the IV Equipment Market in 2017. Based on End User, the market is segmented into Hospitals and Clinics, Home Care, Ambulatory Care Centers.
Geographically, the IV Equipment market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East Asia. North America is estimated to constitute the largest share in this market, while the Asia Pacific region is expected to witness the fastest growth and overtake North America, being the second largest shareholder for the market during the forecast period.
Scope of the report:
· Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
· Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
· Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
· Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
· Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
· A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
· Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
· An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
· Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
ICU Medical, Inc. (U.S.), Smiths Medical (U.K.), Moog, Inc. (U.S.), Becton, Dickinson and Company (U.S.), B. Braun Melsungen AG (Germany), Baxter International Inc. (U.S.), Fresenius SE & Co. KGaA (Germany), Terumo Corporation (Japan.),and C. R. Bard, Inc. (U.S.), are the leaders in the global IV Equipment market.
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