Global IV Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Contact Position;
IV Catheters and Administration Sets - Solution Administration Sets and Blood Administration Sets, Infusion Pumps, Securement Devices, Stopcocks & Check Valves, Drip Chambers, Needleless Connectors, and Other IV Equipment.By End-Use;
Hospitals & Clinics, Home Care, and Ambulatory Care Centers.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global IV Equipment Market (USD Million), 2021 - 2031
In the year 2024, the Global IV Equipment Market was valued at USD 12,451.52 million. The size of this market is expected to increase to USD 18,846.47 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.1%.
The global IV equipment market encompasses a wide range of devices and accessories used in intravenous therapy, vital for delivering fluids, medications, and nutrients directly into the bloodstream. This market includes infusion pumps, IV sets, catheters, needles, connectors, and other related accessories essential for safe and efficient intravenous administration in various healthcare settings.
Several factors contribute to the growth and dynamics of the global IV equipment market. Firstly, the increasing prevalence of chronic diseases and acute conditions necessitates the frequent use of intravenous therapies, driving the demand for IV equipment. Additionally, the aging population, which often requires medical interventions involving intravenous therapy, further propels market growth.
Advancements in healthcare technology, such as the development of smart infusion pumps and wireless connectivity features, enhance the safety, accuracy, and efficiency of IV therapy administration. These technological innovations not only improve patient outcomes but also streamline clinical workflows and reduce the risk of medication errors, contributing to the adoption of advanced IV equipment in healthcare facilities worldwide.
The growing emphasis on infection prevention and control in healthcare settings underscores the importance of sterile and aseptic techniques in IV therapy administration. Manufacturers focus on developing IV equipment with enhanced safety features, such as needle-free connectors, antimicrobial coatings, and closed-system transfer devices, to minimize the risk of healthcare-associated infections and improve patient safety.
The global IV equipment market is characterized by the presence of established manufacturers, as well as emerging players offering innovative solutions to meet the evolving needs of healthcare providers and patients. Market competitiveness drives continuous innovation, product development, and strategic collaborations aimed at addressing unmet clinical needs and improving patient care outcomes.
The global IV equipment market is expected to witness steady growth, driven by factors such as the increasing demand for intravenous therapies, technological advancements, and the growing focus on patient safety and infection prevention in healthcare delivery. As healthcare systems continue to evolve and prioritize quality of care, the demand for reliable, efficient, and technologically advanced IV equipment is expected to remain robust, supporting safe and effective intravenous therapy administration worldwide.
Global IV Equipment Market Recent Developments
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In July 2022, B. Braun Medical Inc. introduced the Introcan Safety 2 IV catheter, including a one-time blood control mechanism. This advanced IV catheter enhances the safety of healthcare professionals by mitigating the potential for needlestick injuries and minimizing their exposure to blood during catheter insertion.
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In August 2022, Baxter International Inc. received the U.S. Food and Drug Administration (FDA) 510(k) clearance for its new Novum IQ syringe infusion pump (SYR) with Dose IQ Safety Software, representing Baxter’s latest developments for infusion therapy.
Segment Analysis
The intravenous (IV) equipment market includes a broad range of devices used for the administration of fluids, medications, and blood products. These devices are essential in both emergency and routine healthcare settings, facilitating the delivery of treatments directly into the bloodstream. IV catheters and administration sets are among the most commonly used components, with solution administration sets designed to deliver fluids and medications, and blood administration sets specifically for transfusions. Infusion pumps are used to regulate the flow of fluids and medications with precise control, while securement devices ensure that IV lines remain stable and in place during treatment. Additional equipment such as stopcocks and check valves help control the flow and prevent backflow, while drip chambers are used to regulate the flow rate of fluids. Needleless connectors enhance safety by reducing the risk of needle-stick injuries, and other IV equipment includes accessories that support the efficiency and safety of IV therapy.
These IV devices are used across a variety of healthcare settings, each with different requirements. In hospitals and clinics, IV equipment is crucial for the administration of treatments in emergency rooms, intensive care units, and surgical departments. Home care settings also require these devices, particularly for patients who need long-term intravenous treatments, such as those with chronic conditions or requiring palliative care. Ambulatory care centers, which provide outpatient services, also rely on IV devices for treatments like chemotherapy, hydration, or medication administration. As healthcare continues to evolve, the demand for safe, efficient, and user-friendly IV equipment grows, with an emphasis on improving patient comfort, minimizing complications, and enhancing healthcare outcomes in both clinical and home care environments.
Global IV Equipment Segment Analysis
In this report, the Global IV Equipment Market has been segmented by Contact Position, End-Use and Geography.
Global IV Equipment Market, Segmentation by Contact Position
The Global IV Equipment Market has been segmented by Contact Position into IV Catheters, Administration Sets, Infusion Pumps, Securement Devices, Stopcocks & Check Valves, Drip Chambers, Needleless Connectors and Other IV Equipment.
IV catheters play a fundamental role in intravenous therapy by providing access to the bloodstream for the delivery of fluids, medications, and blood products. These devices are available in various sizes, materials, and designs to suit different patient populations and clinical applications. Advanced catheter technologies, including safety features such as retractable needles and blood control mechanisms, enhance patient comfort and minimize the risk of needlestick injuries among healthcare providers. Administration sets, also known as IV sets or infusion sets, are used to deliver fluids from IV bags or bottles to patients via IV catheters. These sets typically include tubing, drip chambers, flow regulators, and connectors to facilitate fluid flow and medication administration. Administration sets come in different configurations and specifications to meet the requirements of various infusion therapies and patient needs, ensuring accurate and controlled delivery of intravenous fluids and medications.
Infusion pumps are specialized devices used to administer fluids, medications, and nutrients at controlled rates and volumes. These pumps ensure precise and accurate delivery of intravenous therapies, allowing healthcare providers to customize infusion rates and dosages according to patient requirements. Infusion pumps may be stationary or portable, with advanced features such as programmable settings, wireless connectivity, and safety alarms to enhance therapy management and patient safety. Securement devices, stopcocks & check valves, drip chambers, needleless connectors, and other IV equipment play crucial roles in ensuring the stability, safety, and efficiency of intravenous therapy administration. Securement devices help secure IV catheters in place to prevent dislodgement or accidental removal, while stopcocks & check valves control fluid flow and prevent backflow. Drip chambers monitor fluid flow rates, needleless connectors minimize the risk of needlestick injuries, and other IV equipment includes accessories such as extension sets, syringes, and filters used in conjunction with IV therapy.
Global IV Equipment Market, Segmentation by End-Use
The Global IV Equipment Market has been segmented by End-Use into Hospitals & Clinics, Home Care, and Ambulatory Care Centers.
Hospitals and clinics represent the largest segment of the IV equipment market, driven by the high volume of intravenous therapies administered in acute care settings. Hospitals require a wide range of IV equipment, including catheters, administration sets, infusion pumps, and accessories, to support various medical specialties and patient populations. The demand for IV equipment in hospitals is influenced by factors such as the prevalence of chronic diseases, surgical procedures, critical care interventions, and the need for continuous monitoring and treatment in inpatient settings.
Home care is an emerging segment in the IV equipment market, driven by the growing trend towards home-based healthcare services and the increasing preference for patient-centered care delivery. Home infusion therapy allows patients to receive intravenous medications and fluids in the comfort of their own homes, promoting convenience, autonomy, and improved quality of life. IV equipment tailored for home use, such as portable infusion pumps, compact administration sets, and user-friendly accessories, enables safe and effective intravenous therapy administration by trained caregivers or self-administration by patients themselves.
Ambulatory care centers, including outpatient clinics, urgent care facilities, and infusion centers, represent another important segment of the IV equipment market. These settings provide a wide range of medical services, including intravenous therapies, to patients who do not require hospitalization or prolonged inpatient stays. IV equipment used in ambulatory care centers must meet the requirements of diverse patient populations and clinical conditions while ensuring flexibility, efficiency, and cost-effectiveness in therapy delivery.
Global IV Equipment Market, Segmentation by Geography
In this report, the Global IV Equipment Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global IV Equipment Market Share (%), by Geographical Region, 2024
The APAC region boasts a large and rapidly growing population base, which translates into a substantial patient pool requiring intravenous therapies for various medical conditions. Moreover, the region is experiencing demographic shifts, including an aging population, leading to increased healthcare needs and the prevalence of chronic diseases that often necessitate intravenous treatment.
Advancements in healthcare infrastructure and services across APAC countries are improving access to advanced medical facilities and therapies, including intravenous therapy. The expanding network of hospitals, clinics, and healthcare centers, along with the adoption of telemedicine and digital health technologies, enhances the delivery of intravenous treatments to remote and underserved areas.
Rising healthcare spending, growing penetration of health insurance coverage, and increasing consumer awareness about healthcare services contribute to the higher demand for IV equipment in the APAC region. Patients and healthcare providers are increasingly opting for advanced technologies and medical devices, including infusion pumps, catheters, and administration sets, to ensure safe and effective intravenous therapy administration.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global IV Equipment Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunities
Drivers:
- Growing Incidence of Chronic Diseases
- Technological Advancements
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Increasing Healthcare Expenditure:The continuous rise in global healthcare expenditure stems from several key factors. Firstly, the aging population is a significant driver. As populations in many parts of the world age, there's a proportional increase in the prevalence of chronic illnesses and age-related conditions, necessitating more extensive and intensive healthcare interventions, including intravenous therapies.
The expansion of healthcare infrastructure plays a pivotal role. Governments and private entities alike are investing heavily in upgrading existing healthcare facilities and establishing new ones to cater to the growing healthcare needs of their populations. This infrastructure expansion encompasses not only hospitals and clinics but also outpatient care centers, rehabilitation facilities, and specialized treatment centers, all of which require a wide array of IV equipment to function effectively.
The efforts to expand access to healthcare services, particularly in underserved regions and marginalized communities, contribute significantly to the surge in healthcare spending. Increased access means more people are seeking medical attention, leading to higher demand for medical supplies and equipment, including IV equipment, to meet the needs of a larger patient population. Consequently, these factors collectively fuel the growth of the global IV equipment market, as healthcare providers strive to keep pace with the evolving landscape of healthcare delivery.
Restraints:
- Stringent Regulatory Requirements
- Risks Associated with Intravenous Therapy
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High Cost of IV Equipment:The upfront investment required for acquiring IV equipment, such as infusion pumps and catheters, represents a substantial financial commitment for healthcare facilities. These institutions must allocate funds not only for the initial purchase of the equipment but also for installation, training of staff, and integration into existing healthcare systems. This significant initial cost can strain the budgets of healthcare providers, particularly those operating in resource-limited settings or under tight financial constraints.
The ongoing expenses associated with maintenance and consumables further add to the total cost of ownership of IV equipment. Regular maintenance is essential to ensure the proper functioning and safety of the equipment, requiring dedicated resources for servicing, repairs, and replacement of parts. Additionally, the need for consumables such as IV fluids, tubing, and catheters adds recurring costs over time. For healthcare facilities already grappling with limited financial resources, these ongoing expenses can pose significant challenges and may deter them from investing in or expanding their IV equipment inventory. As a result, budget constraints in resource-limited settings often lead to slower adoption rates of IV equipment, which can impact patient care and treatment outcomes.
Opportunities:
- Expansion in Emerging Markets
- Focus on Homecare Settings
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Integration of Digital Health Solutions:The integration of digital health solutions into the realm of IV equipment heralds a new era of innovation and efficiency in healthcare delivery. Smart IV pumps equipped with connectivity features represent a significant advancement, allowing for seamless integration with telemedicine platforms and electronic health records (EHRs). These intelligent pumps can communicate vital patient data in real-time, such as infusion rates, volumes administered, and alarm notifications, directly to healthcare providers via remote monitoring systems. This capability enhances care coordination by providing clinicians with immediate access to pertinent information, enabling them to make timely interventions and adjustments as needed.
The utilization of digital health solutions in IV equipment facilitates proactive and personalized patient care. By harnessing data analytics and machine learning algorithms, healthcare providers can gain insights into patient trends and patterns, allowing for predictive monitoring and preemptive interventions to prevent complications or adverse events. This proactive approach not only improves patient outcomes but also optimizes resource utilization and reduces healthcare costs in the long run. Overall, the integration of digital health solutions into IV equipment holds immense potential to revolutionize patient care delivery, fostering greater connectivity, efficiency, and effectiveness in healthcare systems worldwide.
Competitive Landscape Analysis
Key players in Global IV Equipment Market include
- Braun Melsungen AG
- Baxter International Inc.
- Fresenius Se & Co. KGaA
- ICU Medical, Inc.
- Smiths Medical (A Division of Smiths Group PLC)
- C.R. Bard, Inc.
- Terumo Corporation
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Contact Position
- Market Snapshot, By End-Use
- Market Snapshot, By Region
- Global IV Equipment Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing Incidence of Chronic Diseases
- Technological Advancements
- Increasing Healthcare Expenditure
- Restraints
- Stringent Regulatory Requirements
- Risks Associated with Intravenous Therapy
- High Cost of IV Equipment
- Opportunities
- Expansion in Emerging Markets
- Focus on Homecare Settings
- Integration of Digital Health Solutions
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global IV Equipment Market, By Contact Position, 2021 - 2031 (USD Million)
- IV Catheters
- Administration Sets
- Solution Administration Sets
- Blood Administration Sets
- Infusion Pumps
- Securement Devices
- Stopcocks & Check Valves
- Drip Chambers
- Needleless Connectors
- Other IV Equipment
- Global IV Equipment Market, By End-Use, 2021 - 2031 (USD Million)
- Hospitals & Clinics
- Home Care
- Ambulatory Care Centers
- Global IV Equipment Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global IV Equipment Market, By Contact Position, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Braun Melsungen AG
- Baxter International Inc.
- Fresenius Se & Co. KGaA
- ICU Medical, Inc.
- Smiths Medical (A Division of Smiths Group PLC)
- C.R. Bard, Inc.
- Terumo Corporation
- Company Profiles
- Analyst Views
- Future Outlook of the Market