Global IV Tubing Sets and Accessories Market Report and Forecast 2022-2027

Global IV Tubing Sets and Accessories Market Report and Forecast 2022-2027

Market Outlook

According to Expert Market Report’s latest report, ‘Global IV Tubing Sets and Accessories Market Report and Forecast 2022-2027’, the global IV tubing sets and accessories market attained a value of about USD 3563.5 million in 2021. Aided by the rising incidences of chronic illnesses worldwide, the market is projected to further grow at a CAGR of 2.7% between 2022 and 2027 to reach a value of USD 4177.2 million by 2027.

IV tubing sets refer to medical equipment that is utilised in the process of controlled infusion of medications, typically over a long period. These sets help to transfer essential nutrients and medicines in the form fluids directly into the patient’s body. These sets come with all the necessary accessories that are required to connect the medication bag. Additionally, these tubing are long, which allows patients to move around, while the tube is connected. It is increasingly used in medical cases such as electrolyte imbalance, nutritional deficiency, specialized medication delivery and dehydration.

The IV tubing sets and accessories industry is being driven by the growing incidences of cardiovascular ailments and the rising issue of malnutrition worldwide. This can be associated with the low availability of efficient healthcare facilities in many economically weaker regions of the world, which is driving increasing investments by the government and international organisation to improve the accessibility to necessary medical care. The growing geriatric population and favourable reimbursement policies are also expected to propel the market growth in the coming years. Furthermore, the heightened utilisation of peripheral intravenous catheter insertion, an invasive procedure that supplies the medications directly into the cardiovascular system are also estimated to aid the industry. In the coming years, the increase in demand for branded smart IV infusion pump systems and their associated IV tubing sets is expected to add to the market growth. These factors are expected to positively impact the market growth of the global IV tubing sets and accessories industry.

Market Segmentation

The market report by Expert Market Research analyses the market based on segmentation such as products, age groups, applications, end uses and major regions.

Market Breakup by Product:

• Primary IV
• Secondary IV
• Extension IV
• IV Infusion Set with Flow Regulator
• Filtered IV Tubing Sets
• Non-Vented IV Tubing Sets
• Vented IV Tubing Sets
• IV Tubing Accessories
• Others

Market Distribution by Age Group:

• Paediatric
• Adult
• Geriatric

Market Segmentation by Application:

• Peripheral Intravenous Catheter Insertion
• Central Venous Catheter Placement
• PICC Line Insertion
• Others

Market Segregation by End Use:

• Hospitals
• Clinics
• Ambulatory Surgery Centres
• Long Term Care Centres
• Others

Market Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the Expert Market Research report are:

• Becton, Dickinson and Company
• B. Braun Medical Inc.
• Nipro Corporation
• Zyno Solutions, LLC
• Vygon SA
• ICU Medical, Inc.
• Smiths Group Plc
• Others

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.