The IV Tubing Sets & Accessories Market is expected to register a CAGR of 4% during the forecast period. This is attributing to increasing natality rate, risk of malnutrition, increasing government initiatives. As IV tubing sets & accessories widely used in electrolyte imbalances, dehydration, and specialized medication delivery of patients thus benefits associated with this IV tubing sets such as precise and accurate drug delivery, improved medication and faster rate. This results in promotes the growth of IV tubing sets & accessories. As per UNICEF, 2018 Malnutrition is the universal problem that affects most of the world’s population at some point adding to that poor nutrition in the first 1000 days of infants may lead to stunted growth and cognitive impairment. These can be cured by providing essential nutrients through IV tubing sets & accessories to the targeted patient pool and further propel the market.
Key Market Trends
Peripheral Intravenous Catheter Insertion in IV Tubing Sets & Accessories Market is Estimated to Witness a Healthy Growth in Future.
Peripheral Intravenous Catheter Insertion is estimated to witness healthy growth in the future attributed to an increasing number of targeted patient pools, growing awareness about the procedure and a wide range of applicability. These peripheral intravenous catheters are inserted into peripheral veins to provide IV fluids which include dextrose and parenteral nutrition, blood product transfusions and medication. These products are directly put into the cardiovascular system and further absorb by target organs. Moreover, elderly people are also facing malnourishment and the growing number of aging population around the world and technological advancements with the surgical procedures will result in the adoption of peripheral intravenous catheter insertion procedure and promotes the segment growth.
In Addition, with the growing number of undernourished people globally will result in high chances of malnutrition and thus drives the IV tubing sets & accessories market.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America expected to hold a significant market share in the global IV Tubing Sets & Accessories Market due to the increasing aging population, rising burden diseases and increasing adoption of innovative healthcare technologies. The rising rate of chronic diseases due to the increasing geriatric population and the growing use of IV therapy in their treatment are also promoting the growth of IV tubing Sets & the accessories market in this region. Furthermore, increasing healthcare expenditure and the presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.
Competitive Landscape
The IV Tubing Sets & Accessories Market is fragmented competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are B. Braun Medical Inc., Zyno Medical LLC, Nipro, Polymedicure, Baxter International, ICU Medical, and Fresenius Kabi.
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- B. Braun Medical Inc.
- Zyno Medical LLC
- Nipro
- Polymedicure
- Baxter International
- ICU Medical
- Fresenius Kabi
Methodology
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