Authored By: Sarah
11 Jul 2024

 Intravenous (Iv) Fluid Monitoring Devices Market Size to grow by USD 2184.2 million between 2024-2028

According to a research report “ Intravenous (Iv) Fluid Monitoring Devices Market” by End-user (Hospitals and clinics, ASCs, Home care) Type (Desktop, Portable) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2184.2 million, at a CAGR of  8.09% during the forecast period. The global healthcare landscape is witnessing a significant surge in hospitalizations due to the expanding population and the rising prevalence of both acute and chronic diseases. Chronic conditions, such as hypertension, spinal abnormalities, cardiovascular diseases, gastrointestinal diseases, urological diseases, diabetes, cancer, and orthopedic deformities, are particularly on the rise, largely attributed to sedentary lifestyles, environmental factors, alcohol consumption, lack of physical activity, smoking, and unhealthy diets. Consequently, the demand for infusion therapy devices, including Iv fluid monitoring devices, is escalating, as these technologies play a crucial role in reducing mortality rates associated with infectious diseases and improving patient outcomes.

Browse market data tables, figures, and in-depth TOC on “Intravenous (Iv) Fluid Monitoring Devices Market” by End-user (Hospitals and clinics, ASCs, Home care) Type (Desktop, Portable) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample

 

By End-user, the Hospitals and clinics segment is projected to dominate the market size in 2024

In the healthcare industry, the implementation of intravenous (IV) fluid monitoring devices, such as the Monidrop infusion monitor, enables nursing staff to efficiently oversee all infusions in a ward or department via desktop computers, tablets, or mobile devices. This centralized approach increases the accessibility of infusion pumps for critically requiring patients, ultimately reducing complications associated with inaccurate IV fluid therapy. Consequently, shorter hospital stays and cost savings are achieved through enhanced standardization of basic IV therapy. By mitigating the inaccuracies inherent in manual measurement, the Monidrop infusion monitor significantly improves the overall quality of care.

By Type, Desktop  segment is expected to hold the largest market size for the year 2024

In the healthcare industry, hospitals and clinics represent significant market drivers for Iv Fluid Monitoring Devices due to their high patient volumes and advanced medical infrastructure. Major hospitals, including multispecialty hospitals and hospital groups, are key customers, with over 500 beds and extensive inpatient and outpatient services. These institutions, whether government-sponsored or privately owned, generate substantial revenue and procure medical products and consumables in bulk. Their close relationships with suppliers, reimbursement authorities, and government organizations enable them to cater to the needs of a large patient base undergoing complex surgeries and treatments, primarily in outpatient settings.

North America is forecasted to hold the largest market size by region in 2024

The Iv Fluid Monitoring Devices market is a significant segment in the healthcare industry, providing essential solutions for accurate and real-time fluid management in patient care. These devices enable healthcare professionals to closely monitor fluid intake and output, ensuring optimal patient hydration and preventing complications. Key market trends include the integration of advanced technologies, such as sensors and wireless connectivity, to enhance functionality and improve patient outcomes. The market is expected to grow steadily due to increasing hospitalizations, an aging population, and rising demand for enhanced patient care.

The Intravenous (Iv) Fluid Monitoring Devices Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • B.Braun SE
  • Baxter International Inc.
  • BC Group International Inc.
  • Becton Dickinson and Co.
  • Cole Parmer Instrument Co. LLC
  • Datrend Systems Inc.
  • EVELABS TECHNOLOGIES Pvt. Ltd.
  • Fortive Corp.
  • Gossen Metrawatt GmbH
  • ICU Medical Inc.
  • IRadimed Corp.
  • ivWatch LLC
  • Micrel Medical Devices SA
  • MONIDOR Oy Ltd.
  • NETECH Corp.
  • Pentland Medical Ltd.
  • Pronk Technologies Inc.
  • Seaward Electronic Ltd.
  • Shift Labs Inc.
  • Sino Medical Device Technology Co. Ltd.
.

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Research Analysis Overview

The Intravenous (IV) Fluid Monitoring Devices Market is witnessing significant growth due to the increasing adoption of homecare infusion and wireless technologies. These devices are becoming increasingly popular among businesses and potential customers as they offer cost-effective infusion therapy solutions, reducing the need for frequent hospital visits. The market for infusion therapy devices is expected to grow as chronic inflammatory conditions and other health issues require long-term administration of drugs. Manufacturing companies are focusing on developing cutting-edge technologies, such as electronic devices with sensors, to enhance the efficiency, safety, and efficacy of infusion systems. The use of biodegradable materials in IV fluid transfer systems is also gaining popularity due to the potential to reduce contamination issues and healthcare spending. However, the administration of drugs through IV fluids carries the risk of underdose or overdose, making safety a top priority. The market for pharmaceutical and acute care hospitals is expected to dominate the market due to the high volume of infusion treatments and the potential for healthcare-associated and hospital-acquired infections. As a result, the focus on developing safe and effective infusion systems is crucial to address the concerns of potential customers and ensure the best possible patient outcomes.

Market Research Overview

The Intravenous (IV) Fluid Monitoring Devices Market encompasses a wide range of medical products used in the administration of infusion solutions in various healthcare settings. Key players in this market include specialty pharmacies, drug wholesalers, and independent distributors, who cater to the needs of nursing homes, rehab centers, dialysis centers, clinics, hospitals, and surgery centers. The market for IV fluid monitoring devices includes infusion solutions, medical supplies such as syringes, tubing, and filters, as well as consumables like cleaning supplies and suture materials. The current scenario of the IV Fluid Monitoring Devices Market is driven by the increasing prevalence of chronic diseases, such as cancer and chronic inflammatory conditions, which require long-term infusion therapy. The historic growth analysis of the market reveals a trend towards the use of alternative sites for IV fluid administration, wireless technology, and homecare infusion. Manufacturers are focusing on strategic actions such as investments, contractual agreements, and developmental strategies to expand their global footprint and cater to potential customers. New technology, brand new products, and affordable prices are key factors driving the market. However, contamination issues and healthcare spending remain challenges. The market for IV fluid monitoring devices includes various types of devices, such as portable and desktop models, used in Acute Care Settings (ASCs), hospitals and clinics, and home care. The use of carbon footprint-reducing technologies, biodegradable materials, and remote monitoring systems are becoming increasingly important in addressing medical costs, hospital visits, and healthcare delivery. The administration of drugs through IV fluids requires precision to avoid underdose or overdose, and efficiency, safety, and efficacy are crucial factors in the choice of IV fluid monitoring devices. The use of cutting-edge technologies, such as sensors and telemedicine systems, is enhancing patient continuity, accessibility, and remote consultation, providing actionable insights for healthcare professionals. In summary, the IV Fluid Monitoring Devices Market is a dynamic and evolving industry, driven by the need for convenient, accessible, and cost-effective solutions for the delivery of infusion therapies in various healthcare settings. The use of new technology, wireless devices, and remote monitoring systems is transforming the landscape of IV fluid administration, addressing challenges such as contamination, healthcare-associated infections, and hospital-acquired infections. The market is expected to continue growing, driven by the increasing prevalence of chronic diseases and the need for efficient, safe, and effective infusion systems.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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