Intravenous therapy is the mix of liquid constituents directly into a vein
Posted by shanigaram karthik on June 28th, 2019
IV Equipment Market is worth USD 10.15 billion in 2018 and estimated to grow at a CAGR of 6.2%, to reach USD 13.71 billion by 2023. The global IV Equipment market is developing at an exceptionally quick pace. Intravenous therapy is the mix of liquid constituents directly into a vein. Intravenous (IV) means inside vein. Intravenous infusions are generally referred to as drips. The intravenous route is the quickest way to deliver fluids and medications all over the body.
Market Drivers and Restraints:
The major reasons driving the growth of this market consist of the increasing occurrence of chronic diseases, rapid growth in the aging population, and growing number of surgical procedures. The high growth in developing countries across Asia-Pacific and Latin America are expected to provide significant growth opportunities in the coming years. Still, strict regulatory requirements for new products and an increasing occurrence of medication errors and nonexistence of wireless connectivity in maximum hospitals pose challenges for the development of this market
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Report segmented as
By Product Type:
Geographically, the IV Equipment market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East Asia. North America is estimated to constitute the largest share in this market, while the Asia Pacific region is expected to witness the fastest growth and overtake North America, being the second largest shareholder for the market during the forecast period.
Important Market Players:
ICU Medical, Inc. (U.S.), Smiths Medical (U.K.), Moog, Inc. (U.S.), Becton, Dickinson and Company (U.S.), B. Braun Melsungen AG (Germany), Baxter International Inc. (U.S.), Fresenius SE & Co. KGaA (Germany), Terumo Corporation (Japan.),and C. R. Bard, Inc. (U.S.), are the leaders in the global IV Equipment market.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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About the Authorshanigaram karthik
Joined: June 19th, 2019
Articles Posted: 71
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