Intravenous (IV) Equipment Market Size, Share, Growth Analysis, By Product(The intravenous equipment industry is anticipated to expand with an uptick in the demand for IV catheters. These are primarily utilized by healthcare professionals to administer and cater to treatments. It serves as vital equipment that provides blood, IV drugs), By End-use(The intravenous equipment market from the hospitals segment will extend with the global increase in surgical procedures. The use of life-saving equipment, such as IV poles) - Industry Forecast 2024-2031

Segmentation Analysis:

The Intravenous (IV) Equipment Market is segmented by Product, End-use. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

• Based on Product the market is segmented as, The intravenous equipment industry is anticipated to expand with an uptick in the demand for IV catheters. These are primarily utilized by healthcare professionals to administer and cater to treatments. It serves as vital equipment that provides blood, IV drugs, and nutritional fluids to patients. Additionally, peripheral intravenous catheters (PIVC) are extensively adopted for hospitalized patients for therapeutic purposes, including administration of medications, fluids as well as blood products, and blood sampling. They are also preferred as they offer limited complications in intravenous procedures. The growing adoption of closed IV catheters will further drive the intravenous equipment industry progress. Geographically, the North America intravenous equipment market is projected to foresee commendable gains by 2032. The region has a developed healthcare sector, mostly in the U.S. and Canada, due to which product demand is expected to be high in these countries. The increase in the burden of chronic diseases will boost the requirement for surgical procedures. New technology developments have opened the door for the routine treatment of chronic diseases with the growing need for home healthcare. The regional market is also expected to grow owing to the rising numbers of new patients and doctors. The prevalence of competent and skilled doctors and medical professionals as well as rising innovations by major industry participants will promote market outlook in the coming years.
• Based on End-use the market is segmented as, The intravenous equipment market from the hospitals segment will extend with the global increase in surgical procedures. The use of life-saving equipment, such as IV poles, in hospitals to aid medical staff has increased because of the expandingprogression for dependability and durability in the medical sector. IV poles for hospitals provide the highest level of stability and dependability while enhancing patient care. The market will develop with the increasing number of hospitalizations, driving the requirement for such equipment in hospitals to produce consistent results in daily operations., Latest developments in the intravenous equipment market, Companies that specialize in intravenous equipment manufacturing are involved in new product launches, production expansions, and strategic alliances like mergers and acquisitions to increase their competitive value and expand their geographic reach. For instance, in September 2021, B. Braun Medical Inc. unveiled CARESAFE, its new IV administration sets with an Optional AirStop component. These sets give further protection to the environment and to patients from the health dangers of exposure to chemicals.