Intravenous Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

The global intravenous equipment market is expected to reach an estimated $22.8 billion by 2030 with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are the rising prevalence of chronic diseases, the surge in the geriatric population, the growing number of surgical procedures, and ongoing advancements in technology.

The future of the global intravenous equipment market looks promising with opportunities in the hospitals & clinics, homecare, and ambulatory care center markets.

• Within the product category, catheters will remain the largest segment over the forecast period due to the increasing number of surgical procedures.
• Within this end-use category, hospitals will remain the largest segment due to the availability and access to specialized units, such as ICUs, emergency departments, surgical suites, and general wards, where intravenous therapy is largely deployed.
• In terms of regions, North America will remain the largest region over the forecast period due to the rising number of surgical procedures, technological advancements, and well-developed healthcare infrastructure in the region.

Emerging Trends in the Intravenous Equipment Market

The intravenous equipment market is reshaping the geography of technological development, safety, and patient care. These trends indicate where the action is in the IV therapy market and where attention is being directed for change.

• Smart Infusion Pumps: Smart infusion pumps are equipped with dose error reduction systems and have monitoring capabilities, minimizing medication errors and enhancing patient safety. Such pumps are now a necessity in hospitals as part of the safe administration of intravenous drugs.
• Enhanced IV Catheters: Better IV catheters are designed with the goal of greater comfort, fewer chances of infection, and easier insertion. Technological improvements in catheters have contributed to better patient satisfaction and enhanced IV therapy.
• Incorporation with Digital Health Technology: The integration of digital health enables the remote delivery of services such as monitoring, collection, and administration of IV therapies. This trend improves the quality of patient care by allowing healthcare providers to access real-time information, making it easier to make treatment decisions.
• Emphasis on Affordable Options: The need for cheaper IV apparatus is a response to the demand for affordable healthcare solutions, especially in developing countries. Cost-effective devices serve to integrate safe IV therapy into practice and improve equity of access to care.
• Patient Experience Improvement: Improved comfort features include better ergonomic devices and less invasive techniques. Enhancing comfort helps reduce or eliminate patient stress and discomfort, thus improving patient feedback toward IV therapy.

Some of these trends include the introduction of smart infusion pumps, better IV catheters, integration of digital health, development of effective solutions, and improvement of patient comfort. These trends promote the development of new products, enhance the safety and effectiveness of existing products, and increase the scope of IV therapies.

Recent Developments in the Intravenous Equipment Market

The recent trends emerging in the intravenous equipment market are indications of technology, safety, and patient improvement. These changes are shaping the industry and altering the forces of the market.

• Smart Infusion Pumps: Smart infusion pumps come with dose error reduction and real-time monitoring features that increase patient safety and reduce medication usage. These changes are becoming commonplace in health facilities, making IV therapy more accurate and effective.
• Improved IV Catheters: The new IV catheters aim to minimize the pain caused to the patient and reduce the chances of developing infections. Improved designs and materials enhance the IV therapy experience and increase patient satisfaction.
• Cheap Solutions: Affordable IV solutions address the need for accessible healthcare technologies, particularly in low-resource environments. Such advancements improve the availability of high-quality IV therapy and extend patient reach.
• Digital Integration: With digital integration, it is possible to manage IV therapies remotely, including the monitoring and collection of data. This improves patient care by providing real-time data to improve treatment decisions.
• Focus on Patient Comfort: Studies are focused on the design of devices that are more comfortable for patients undergoing intravenous therapy. Ergonomically designed devices and less invasive instruments create less stress for the patient, ensuring a better overall experience of IV therapy.

Recent developments, such as smart infusion pumps, improved IV catheters, low-cost intravenous delivery systems, digital integration, and consideration for patient comfort, are greatly changing the intravenous equipment market. These improvements increase safety, efficacy, and availability, which influence market growth.

Strategic Growth Opportunities for Intravenous Equipment Market

The vision of how the intravenous equipment market is poised for growth opportunities highlights the possibilities of growth, innovation, and the diversification of applications. Taking such initiatives can facilitate market growth while improving care for patients.

• Expanding in Emerging Markets: The market within emerging markets is significant, as there is an upsurge for advanced IV therapy, offering growth opportunities. This context aids in developing a market and an audience for IV tools and technologies.
• Developing Advanced Infusion Systems: Patients undergoing infusion therapy could benefit from more advanced infusion systems that contain smart technology and are safer, which could increase the likelihood of converting potential customers. Investing in technology is one way to counter competition in the IV market.
• Enhancing Patient Comfort: Devices that are ergonomically designed with minimal invasiveness could lead to better patient satisfaction and minimal anxiety. This focus could be a catalyst for market growth as well as improving the IV therapy experience.
• Integrating with Telehealth Solutions: It is possible to manage and monitor therapy remotely when IV therapy is combined with telehealth solutions. This integration results in better patient treatment, and adherence to therapy, and consequently facilitates positive health outcomes.
• Improving Cost-Effectiveness: Addressing the cost of IV products means creating solutions for accessing healthcare technologies for the poorer sections of the population. These cost-effective solutions will enable wider use of the products and boost market penetration.

Foreign market entry, improvement of infusion systems, enhancement of patient comfort, integration with telehealth facilities, and cost-effectiveness initiatives are some of the strategic growth opportunities that are changing the intravenous equipment market. These opportunities must be capitalized upon to enhance market growth and improve patient care services.

Intravenous Equipment Market Driver and Challenges

The intravenous equipment market is influenced by technology, policies, and health system changes. Some of the major drivers and challenges govern the growth of IV products and influence their use and new developments.

The factors responsible for driving the intravenous equipment market include:

• Technological Advancements: The incorporation of smart infusion pumps, and improved IV catheters, among other technological advancements, enhances both the safety and efficacy of therapies. Better intravenous therapy solutions have stimulated the growth of the market due to these advancements.
• Increased Healthcare Expenditures: The prevalence of diseases and overall health impairment increases the demand for more advanced IV accessories. These demands have spurred growth and creativity in the market.
• Regulatory Support: Favorable regulatory measures help promote the entry of new products and technologies associated with IV. Targeted policies aimed at speeding up the approval of new products and innovations stimulate the market.
• Expansion of Healthcare Infrastructure: The trend of expanding healthcare infrastructure, particularly in developing countries, weakens the barriers to the availability and application of IV apparatus. Enhanced utilization of virtual healthcare services boosts market growth.
• Focus on Patient Safety: The need for ads and advertisements emphasizing the enhancement of safety while reducing errors has generated a demand for advanced equipment. The focus on patient safety aids in the growth and acceptance of the market.

Challenges in the intravenous equipment market include:

• High Initial Costs: The high cost of technology can be a barrier to adoption, especially in low-resource communities. This is a significant obstacle in achieving the goal of enhancing the availability and usage of advanced IV equipment.
• Regulatory Hurdles: Regulatory challenges sometimes slow the progress of new technologies. To successfully introduce new IV technologies and increase their market presence, companies must overcome these obstacles.
• Limited Awareness: Limited awareness and training are detrimental to the effective use of advanced IV equipment. To ensure the best use of IV therapy and enhance patient outcomes, education and training for healthcare professionals are crucial.

Technological changes, increasing needs for healthcare services, availability of regulatory support, development of healthcare systems, and patient safety have been key factors driving the intravenous equipment market. Challenges like high costs, regulatory issues, and lack of awareness must be addressed to open up the market and ensure patient care. These drivers and challenges must be reconciled to progress IV therapy and expand its role in healthcare.

List of Intravenous Equipment Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies intravenous equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.

Some of the intravenous equipment companies profiled in this report include:

• Becton and Dickinson
• B. Braun
• ICU Medical
• Vygon
• Baxter International
• Teleflex Incorporated
• 3M
• AngioDynamics
• Terumo Corporation
• Poly Medicure

Intravenous Equipment by Segment

The study includes a forecast for the global intravenous equipment by product, end use, and region.

Product [Analysis by Value from 2018 to 2030]:

• Infusion Pump
• Catheter
• Solution And Blood Administration Set
• Securement Device
• Cannula Stopcock
• Needleless Connector
• Others

End Use [Analysis by Value from 2018 to 2030]:

• Hospitals & Clinics
• Homecare
• Ambulatory Care Center

Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Intravenous Equipment Market

The intravenous (IV) equipment market is shaped by technological advancements, growing demand for medical services, and changes in the way patient care is delivered. Innovations in this space point to significant strides made in improving safety, practicality, and outcomes associated with the administration of IVs. Efforts are being made in all major markets like the USA, China, Germany, India, and Japan.

• United States: As in many countries, the recent improvements in IV equipment in the United States include the smart infusion pump, which features inbuilt safety measures such as dose error reduction systems and barcoding. These innovations aim to prevent medication errors and protect patients. Additionally, there is growing attention to designing IV access devices that are less likely to cause infections and more patient-friendly. Digital health technologies are also being integrated to improve the management and monitoring of intravenous therapies.
• China: China has developed more in the IV equipment market and is working towards increasing production capacity and quality. Recently, there has been a push for more local production of high-end infusion pumps and IV catheters to meet the growing demand. The Chinese government is also investing heavily in upgrading IV equipment in hospitals and clinics. There are also efforts to provide cheaper alternatives and expand the regions with better access to quality IV devices.
• Germany: Germany has made noticeable progress in the IV equipment market, incorporating smart designs into IV devices with a focus on improving patient safety. More specifically, automated infusion systems and monitoring tools have seen wider adoption in hospitals across Germany. The country’s advanced healthcare system supports ongoing research and development in IV technologies, aiming for newer and better equipment.
• India: In India, the trend in the IV equipment market has been focused on increasing the reach of affordable devices and lowering costs. Affordable infusion pumps and IV catheters have entered the market, catering to all patient classes. There is also an emphasis on improving the quality of intravenous devices across both urban and rural health facilities.
• Japan: In Japan, the focus is on innovations that will significantly improve accuracy and reduce the physical effects of infusion. Recent technologies include infusion systems with advanced features, particularly in dosing accuracy and security.

Features of the Global Intravenous Equipment Market

• Market Size Estimates: Intravenous equipment market size estimation in terms of value ($B).
• Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
• Segmentation Analysis: Intravenous equipment market size by product, end use, and region in terms of value ($B).
• Regional Analysis: Intravenous equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different products, end uses, and regions for the intravenous equipment market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the intravenous equipment market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers the following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the intravenous equipment market by product (infusion pump, catheter, solution and blood administration set, securement device, cannula stopcock, needleless connector, and others), end use (hospitals & clinics, homecare, and ambulatory care center), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?