According to Future Market Insights report, the worldwide IV Disposable Market demand is estimated to develop at a CAGR of 11.8% during the forecast period. The market value is expected to rise from US$ 17.0 billion in 2023 to US$ 51.6 billion in 2033. The IV Disposable market was valued at US$ 15.5 billion by the end of 2022 and is expected to expand 9.6% year on year in 2023.
With the increasing use of infusion pumps in healthcare settings and home use, demand for items such as ventilators, infusion pumps, and accessories, which are used to treat patients, has seen a substantial demand increase. The global COVID-19 pandemic has had an unprecedented impact on the same.
- According to our research in the US, approximately 1,033 infusion pumps were sold in 2022, which has boosted the market for IV Disposable market.
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IV therapies can now be used effectively and safely because to technological advancements in IV therapy products and a growing focus on cost containment and cost-effectiveness at healthcare facilities. Over the projected period, the market for Disposable IV treatment products is anticipated to rise due to patients’ growing preference for safety-enhancing pumping devices and needleless technologies.
The use of Disposable products can help to reduce the risk of healthcare-associated infections, which has become a major concern for healthcare providers. This has led to a growing demand for Disposable products such as catheters, syringes, and other medical devices.
Overall, these factors are contributing to the growth of the IV Disposable market, and are expected to continue to drive demand for effective and innovative treatment options in the coming years.
Key Takeaways:
- Infusion pumps are the leading segment as a product, and held about 48.1% market share in 2022, due to efficiency, accuracy, and versatility in delivering fluids and medications in various healthcare settings.
- By end user, the hospitals dominated the global IV Disposable market withholding the total market share of about 54.6% by the end of 2022, as they offer specialized treatment options that require advanced IV therapies.
- By region, North America is leading in the global IV Disposable market and is expected to continue to do so with a projected CAGR rate of 10.6% during the forecasted years, due to the increasing prevalence of chronic diseases in the region.
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“The market for IV Disposable is anticipated to expand in the upcoming years as a result of rising hospital admissions, surgical procedures, and the expansion of the healthcare infrastructure,” says an analyst of Future Market Insights.
Market Competition:
Key participants in the market for IV Disposable treatment employ expansion of the company through mergers, acquisitions, partnerships and collaborations. Key manufacturers are concentrating on strategies like implementing new technology and expanding sales for the creation of novel products.
- ICU Medical Inc. declared in January 2022 that it had finished acquiring Smiths Medical from Smiths Group plc.
- In March 2022, B. Braun, a system provider for extracorporeal blood treatment (dialysis), expanded the wide range of products offered by its B. Braun Avitum subsidiary by fully integrating Intermedt Medizin & Technik GmbH into the Group.
Key Players
The key players in the IV Disposable market are B. Braun Melsungen AG, Baxter, 3M, Terumo Corporation, Nipro Corporation, Teleflex Incorporated, Becton, Dickinson and Company, Smiths Medical/ICU Medical, Moog Inc, AngioDynamics., Fresenius SE & Co. KgaA, arcomed ag
What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the IV Disposable market in its latest study, presenting a historical demand assessment of 2018 to 2022 and projections for 2023 to 2033. The global IV Disposable market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
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Key Companies Profiled:
- B. Braun Melsungen AG
- Baxter
- 3M
- Terumo Corporation
- Nipro Corporation
- Teleflex Incorporated
- Becton, Dickinson and Company
- Smiths Medical/ICU Medical
- Moog Inc
- AngioDynamics.
- Fresenius SE & Co. KgaA
- arcomed ag
Key Segments Covered in IV Disposable Market Industry Research:
By Product:
- Intravenous Administration Set
- IV Fluid Solution Bags
- IV Cannula
- Infusion Sets
- Infusion Pumps
- Catheter Needles
- Securement Devices
- Others (Stopcocks, connectors, Extention Tubes)
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Home Care Settings
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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