The Intravenous (Iv) Therapy And Vein Access Market is segmented by End-user (Hospitals, Clinics, and Ambulatory surgical centers), Application (Medication administration, Blood-based products, Nutrition and buffer solution, and Volume expander), and Geography (North America, Europe, Asia, and Rest of World (ROW)). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 6.52 billion, at a CAGR of 4.65% during the forecast period. There are several companies that are contributing to the market as per this report. Technological advancements in IV solutions .
The Intravenous (IV) Therapy and Vein Access Market encompasses the production, sale, and implementation of technologies and solutions for administering therapeutic agents directly into a patient's bloodstream via an intravenous route. Key components of this market include IV sets, needles, catheters, and infusion pumps. Growth in this sector is driven by an aging population, increasing prevalence of chronic diseases, and advancements in infusion technology. Companies such as B. Braun, Becton, Dickinson and Company, and Smiths Medical dominate the market landscape.
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The Iv Therapy and Vein Access Market encompasses the provision of intravenous therapies and related equipment for administering medications, nutrients, and fluids directly into a patient's bloodstream. This market is characterized by continuous growth due to increasing hospitalizations, rising prevalence of chronic diseases, and advancements in infusion technology. Key players in this sector focus on innovation and expansion to cater to the evolving needs of healthcare providers and patients.
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Intravenous (IV) therapy, also known as intravenous infusion therapy, is a medical procedure that involves the administration of fluids, nutrients, and medications directly into a patient's vein for nourishment and fluid replenishment bypassing the digestive system. IV therapy plays a crucial role in various medical procedures, surgeries, critical care therapies, and the treatment of traumatic injuries, chronic diseases, and geriatric population. The IV therapy market comprises intravenous lines, vein access devices, IV poles, and IV therapy equipment. Minnesota-based startup NXgenPort, for instance, offers innovative vein access solutions, including implantable ports, to enhance patient comfort and reduce complications associated with traditional IV lines. IV therapy encompasses various types of fluids and medications, including saline solutions, dextrose, electrolytes, and IV drugs like Artesunate injection. However, concerns regarding the safety of IV therapy components, such as the use of materials like diethylhexyl phthalate (DEHP) and polyvinyl chloride (PVC), have emerged. Healthcare insurance and healthcare expenditure significantly impact the IV therapy market. Trauma cases, such as road accidents, and chronic diseases contribute to the growing demand for IV therapy and vein access devices. Healthcare professionals play a vital role in ensuring the safe and effective delivery of IV treatments.
According to Technavio, the Iv Therapy and Vein Access Market fall under the expansive umbrella of the global healthcare equipment market. This sector encompasses organizations involved in the research and development (R&D) of diverse product categories, such as capital equipment, instruments, implants, accessories, and consumables. These products are utilized in the diagnosis, monitoring, and treatment of various diseases. The size of the global healthcare equipment market is determined by the consolidated revenue generated by manufacturers of diagnostic equipment and devices spanning various therapy areas. The healthcare equipment industry is segmented into Devices, which incorporates advanced, differentiated, and clinically validated devices, including Iv therapy and vein access systems. - The Intravenous (Iv) Therapy And Vein Access Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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