According to Data Bridge Market Research new Market report “Global IV Equipment Market, By Product (Infusion Pump, Catheter, Solution and Blood Administration Set, Securement Device, Cannula, Stopcock, Needleless Connector); End User (Hospitals & Clinics, Homecare, Ambulatory Care Center);Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Trends and Forecast to 2024”, the global IV equipment marketaccounted to USD 9.8 billion in 2016 at a CAGR of 8.3% during the forecast period of 2017 to 2024.
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Global IV Equipment Market – Key Market points:
Major factors which propelled the growth of this market consist of rising incidence of chronic diseases, along with the growth in the aging people, and increasing number of surgical treatments. Other factors such as the large number of patients, utilization of technologically advanced IV products and rapid development of infrastructure are also fueling up the market growth. Manufacturers too have to produce a high quality of IV equipment so as to shift the market demand upwards.
Now a days, people are focusing more on home healthcare which led to the rise in healthcare expenditure along with the rise in increase per capita income except the stringent laws and medication errors. North America held the largest market share whereas Asia Pacific is expected to account the highest CAGR in the forecast period 2017-2024.
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Global IV Equipment Market– Market Segmentation:
The Global IV Equipment Market is segmented on the basis of product and end users.
• Infusion Pump
• Solution and Blood Administration Set
• Securement Device
• Cannula, Stopcock
• Needleless Connector
• End User
• Hospitals & Clinics
• Ambulatory Care Center
Global IV Equipment Market – Geographical Segmentation:
• North America
• South America
• Middle East and Africa
Global IV Equipment Market– Competitive Landscape:
The Global IV Equipment Market Contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America IV equipment market.
Some of the major players operating in global IV equipment market are :
• B. Braun Melsungen AG (Germany)
• Becton, Dickinson and Company (U.S.)
• Fresenius SE & Co. KGaA (Germany)
• Smiths Medical (U.K.)
• Baxter (U.S.)
• ICU Medical, Inc. (U.S.)
• Moog, Inc. (U.S.)
• AngioDynamics, Inc. (U.S.)
• Animas Corporation (U.S.)
• C. R. Bard, Inc. (U.S.)
• ASCOR SA (Poland), Arcomed ag (Switzerland)
• Terumo Corporation (Japan)
• Among others.
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