U.S. IV Infusion Products Market, by Product Type (Cannulation (Needles and Catheter), IV Infusion Pump (Gravity Infusion Devices, Volumetric Pump, Syringe Pump, and Others), Infusion Lines (Set) (Gravity IV Set, Gravity IV Set W/Needle Free Connector, and Pump IV Set), and Others), by Stop Cock Type (3 Way Stopcock, Vacuum Stopcocks, Burette Stopcocks, and Others), by Needle Free Connector (Standalone Connectors and Needle-free Extension Sets), by Infusion Site (Peripheral IV, Medline IV, and Central IV), by Application (Pain Management, Antibiotic/Antiviral, Chemotherapy, and Others), and by End User (Ambulatory Surgical Centers, Clinics, Home Care Settings, Hospitals, and Others) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028
The administration of drugs via a needle or catheter is known as infusion treatment. Infusion therapy refers to administration of a medicine intravenously or subcutaneously. A medical device that consists of a thin tube attached to a pump is known as an infusion catheter. A cavity, duct, or vessels in the body holds the thin tube. Infusion catheters are frequently implanted in chemotherapy patients to get reliable intravenous access.
Market players are focused on product launches or approvals, which is expected to drive growth of the U.S. IV infusion products market over the forecast period. For instance, on February 8, 2016, AngioDynamics Inc., a provider of medical devices, received approval from the Health Canada for its Celerity PICC Tip Confirmation System developed for the positioning of peripherally inserted central catheters (PICC) in adult patients. Celerity with navigation adds real-time catheter tracking to the prior version of the tip localization system, allowing doctors to view the location of the PICC tip at all times and improving the clinician experience.
U.S. IV infusion product market is estimated to witness significant growth, owing to various reimbursement scenarios for infusion products in the U.S. For instance, according to the Center for Medicare & Medicaid Services (CMS), the following products are available for reimbursement:
Code Product Description
E0776 IV POLE
E0779 Ambulatory infusion pump, mechanical, reusable for infusion of 8 hours or greater
E0780 Ambulatory infusion pump, mechanical, reusable for infusion less than 8 hours
E0781 Ambulatory infusion pump, single or multiple channels, electric or battery operated, with administrative equipment, worn by patient
E0784 External ambulatory infusion pump
Market players are involved in expanding their global presence by adopting strategies such as acquisitions and partnerships, and this is expected to drive growth of the U.S. IV infusion products market. For instance, on August 21, 2019, B. Braun Medical Inc. and Steward Health Care, a private, physician-led health care network in the U.S., entered into a seven year agreement to purchase IV solutions and Infusomat and Perfusor space pumps. As part of this long-term agreement, Steward Health Care will install over 5,000 Infusomat and Perfusor cordless space pumps in its 36 domestic hospitals and outpatient facilities.
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