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In South America, surgical procedures often necessitate the use of intravenous therapy for various purposes, including fluid replacement, anaesthesia administration, and post-operative pain management. With the rising number of surgeries being performed globally, there is a corresponding increase in the demand for IV equipment. As economies in South America continue to grow, there has likely been an increase in healthcare spending. This can lead to improvements in healthcare infrastructure, including the adoption of advanced medical technologies such as IV equipment. The ageing population often requires more medical attention, including the need for intravenous therapies. As the elderly population increases, there is likely to be a corresponding rise in demand for IV equipment and related products. Some countries in South America have become popular destinations for medical tourism.This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
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The influx of international patients may contribute to the demand for advanced medical equipment, including IV equipment. On-going medical education and training programmes for healthcare professionals can influence the adoption of advanced medical equipment, including IV solutions. Well-trained medical staff are more likely to use and advocate for modern equipment. Increased penetration of health insurance in South America can encourage individuals to seek healthcare services, including intravenous therapies. This can drive the demand for IV equipment in both hospital and outpatient settings. Infection control is a major concern in South America, as it is a leading cause of morbidity and mortality.
Healthcare providers are increasingly focused on using IV equipment that is designed to reduce the risk of infections. Healthcare providers are increasingly looking for IV equipment that is tailored to the needs of specific patient populations, such as children and the elderly. This trend is being driven by the increasing prevalence of chronic diseases in these populations.
According to the research report, “South America Intravenous (IV) Equipments Market Outlook, 2028”, the Intravenous (IV) Equipments market is anticipated to add more than USD 270 Million market size from 2023 to 2028. The integration of smart technologies into IV pumps and infusion systems has been a significant trend. Smart pumps offer features such as dose error reduction, wireless connectivity for remote monitoring, and the ability to integrate with electronic health records (EHR). These innovations enhance patient safety, improve accuracy in drug administration, and provide healthcare professionals with real-time data for better decision-making. Manufacturers have been focusing on the use of biocompatible materials in the construction of IV equipment to minimize the risk of adverse reactions. Additionally, design innovations aim to improve the overall user experience for both healthcare providers and patients.
Features such as ergonomic designs, easy-to-use interfaces, and patient-friendly accessories contribute to the adoption of these advanced IV solutions. The incorporation of Radio-Frequency Identification (RFID) and barcode technologies in IV equipment has been on the rise. These technologies help in tracking and tracing the entire lifecycle of IV products, from manufacturing to administration. This enhances inventory management, reduces the risk of errors, and ensures the authenticity and safety of intravenous treatments. The rise of telemedicine and remote patient monitoring has implications for IV equipment. Integrated systems that enable healthcare professionals to remotely monitor and adjust IV treatments are becoming more prevalent. This trend facilitates timely interventions, reduces the need for in-person visits, and enhances the overall efficiency of healthcare delivery.
Closed System Transfer Devices have gained traction as a trend in IV equipment. These devices provide an additional layer of protection for healthcare workers during the preparation and administration of hazardous drugs. The increased awareness of occupational safety, especially in oncology and other specialized treatments is driving the adoption of CSTDs in IV setups.
In terms of country the market is categorise into Brazil, Argentina and Colombia. In Brazil, as the largest economy in the region, the IV equipment market is influenced by a robust healthcare infrastructure and a growing emphasis on technological advancements. Brazil's sizable population, coupled with increasing healthcare expenditure, fuels the demand for intravenous solutions and advanced equipment. The country has witnessed a trend toward the adoption of smart IV pumps, integration with electronic health records, and a focus on patient-centric designs. In Argentina, the IV equipment market reflects the country's commitment to improving healthcare services. The healthcare system in Argentina has been undergoing reforms, contributing to the modernization of medical facilities and the adoption of sophisticated IV technologies.
As the country addresses the healthcare needs of its population, there is a growing demand for infusion systems that enhance safety, precision, and patient comfort. The trends in Argentina's IV equipment market align with global advancements, including the integration of closed system transfer devices, AI-assisted infusion management, and a shift towards disposable IV products. In Colombia, the IV equipment market is shaped by a combination of economic growth, government initiatives, and a focus on expanding healthcare access. Colombia has been investing in healthcare infrastructure, and this has implications for the adoption of IV equipment across various healthcare settings.
The country has shown an interest in telemedicine integration, particularly relevant in its diverse geographical landscape, and the market has seen a rise in the utilization of needle-free IV connectors, contributing to infection control efforts. Additionally, the demand for ambulatory infusion centers in Colombia has been fostering the need for portable and patient-friendly IV solutions.
In terms of product categories, the market is divided into IV catheters, infusion pumps, administration sets, securement devices, needless connectors, stopcocks and check valves, drip chambers and others. Drip chambers are fundamental components of intravenous administration sets, playing a crucial role in controlling the flow of fluids from the IV bag to the patient. As IV therapy remains a primary and common method of delivering medications, fluids, and nutrients in various healthcare settings, the demand for drip chambers naturally grows in tandem with the overall expansion of the IV equipment market. Drip chambers contribute significantly to patient safety by providing a means to regulate the flow rate of intravenous fluids accurately. Precision in fluid delivery is essential in preventing complications and ensuring the efficacy of treatments.
Healthcare providers prioritize IV equipment that facilitates accurate dosing and minimizes the risk of adverse reactions, making drip chambers a critical component in this regard. The rise in surgical procedures, both in hospitals and ambulatory surgical centers, contributes to the demand for IV equipment, including drip chambers. Surgical interventions often require intravenous administration of fluids and medications, and the efficient functioning of drip chambers is critical in these settings. As the number of surgeries increases, so does the utilization of IV equipment. Furthermore, Intravenous therapy is commonly used during pregnancy to address various health concerns, including dehydration, nausea, and certain medical conditions.
The administration of intravenous fluids becomes crucial in cases where oral intake is insufficient, and maintaining hydration is essential for the well-being of both the pregnant woman and the developing fetus. The need for precise and controlled fluid administration contributes to the demand for specialized IV equipment, including pumps and drip chambers.
The market's end-user segment is split up into home care settings, clinics, hospitals, and other categories. Hospitals are primary healthcare institutions that experience a high volume of patient admissions on a daily basis. The diverse range of medical conditions and treatments encountered in hospitals often requires intravenous therapies for patient care. The sheer number of patients admitted to hospitals creates a substantial demand for IV equipment, including infusion pumps, drip chambers, and catheters. Hospitals, particularly tertiary care and teaching hospitals, serve as critical hubs for emergency and critical care services. In emergency situations, quick and precise intravenous interventions can be life-saving. Hospitals are equipped with specialized IV equipment to handle emergencies, and this contributes significantly to the demand for advanced IV solutions in these settings.
Hospitals house specialized departments and units, including intensive care units (ICUs), neonatal intensive care units (NICUs), and oncology units, where intravenous therapies are a standard part of patient care. The existence of these specialized units within hospitals amplifies the demand for dedicated IV equipment tailored to the unique needs of each department. Hospitals play a pivotal role in providing continuity of care across the patient journey. From initial diagnostics to surgical interventions, postoperative care, and recovery, hospitals oversee the entire spectrum of healthcare. Intravenous therapies often contribute to this continuum of care, and hospitals invest in comprehensive IV equipment to meet diverse patient needs.
In South America, several hospitals, both public and private, are known for their advanced medical services and the utilization of state-of-the-art medical equipment, including Intravenous (IV) equipment. Here are a few hospitals known for providing high-quality healthcare services include Hospital Israelita Albert Einstein, Hospital Sírio-Libanês, Hospital Alemán, Hospital Italiano de Buenos Aires, Clínica Las Condes, Hospital Samaritano and many more.
Companies covered in this report:
Becton, Dickinson and Company, B. Braun Melsungen AG, Baxter International Inc., ICU Medical, Inc., Medtronic PLC, Moog Inc., Terumo Corporation, Teleflex Incorporated.Considered in this report
- Geography: South America
- Historic year: 2017
- Base year: 2022
- Estimated year: 2023
- Forecast year: 2028
Aspects covered in this report
- South America IV Equipments market Outlook with its value and forecast along with its segments
- Country-wise IV Equipments market analysis
- Various drivers and challenges
- On-going trends and developments
- Top profiled companies
- Strategic recommendation
Country covered in the report:
- Brazil
- Argentina
- Colombia
By Product:
- IV Catheters
- Infusion Pumps
- Administration Sets
- Securement Devices
- Needless Connectors
- Stopcocks and Check Valves
- Drip Chambers
- Others
By End User:
- Hospital
- Clinics
- Home Care Settings
- Others
By Indication:
- Cardiovascular Disorders & Hypertension
- Pregnancy
- Diabetes
- Respiratory Diseases
- Cancer
- Movement Disorders
- Hearing Disorders
- Wound Care
- Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)
The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the IV Equipments industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.This product will be delivered within 2 business days.
Table of Contents
1. Executive Summary4. Economic /Demographic Snapshot9. Strategic Recommendations11. Disclaimer
2. Research Methodology
3. Market Structure
5. Global Intravenous (IV) Equipments Market Outlook
6. South America Intravenous (IV) Equipments Market Outlook
7. Market Dynamics
8. Competitive Landscape
10. Annexure
List of Figures
List of Tables
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Becton, Dickinson and Company
- B. Braun Melsungen AG
- Baxter International Inc.
- ICU Medical, Inc.
- Medtronic PLC
- Moog Inc.
- Terumo Corporation
- Teleflex Incorporated