The North America Intravenous (IV) Therapy and Vein Access Market would witness Market growth of 4.8% CAGR during the forecast period (2022-2028).
Many healthcare professionals handle medications on a daily basis in hospitals and other healthcare facilities. Despite the availability of precautionary measures, there is still a danger of exposure to these medications during procedures. Ingestion, absorption, unintentional inhalation, or skin contact with a little amount of these medications can result in a range of health concerns. Overcoming these challenges in order to provide safe IV therapy fuels the growth of the Market . intravenous therapy and vein access devices Market . Fluid infusion, blood transfusion, medicine delivery, venous pressure monitoring, and blood collection are all done with IV therapy and vein access devices.
Factors such as an increase in diabetic patients, a rise in the number of car accidents, and a rise in the number of surgical procedures are likely to fuel Market growth. Moreover, one of the key trends in the Market is a rise in demand for sophisticated procedures, such as drug administration without needles. However, the Market 's expansion is hampered by a scarcity of experienced healthcare workers. The increase in critical care therapies needed by the elderly population, as well as the rise in healthcare facilities, which would positively impact the Market . A surge in demand for IVs as an effective and fast-acting technique to provide liquids or medication in an emergency situation or for patients who are unable to take medications orally is another significant element driving the industry.
The key trends in the regional Market are its modern healthcare infrastructure and utilization of the most up-to-date equipment and technology. According to the Institute of Medicine in the United States, roughly 1.5 million patients are affected by pharmaceutical errors each year, costing an average of USD 8,750 per PADE (Potential Adverse Drug Event).
The North American Market is also known for its high level of technological advancement. In hospitals and clinics across the region, intravenous (IV) therapy and vein access devices are commonly used. The growth of the regional Market can be attributed to the home healthcare segment, as well as patients and clinicians who are steadily adopting more technologically advanced products for the routine treatment of chronic medical conditions. Furthermore, rising chronic illness incidence, an increase in surgical operations in the region, and regular product debuts by prominent Market competitors would help the regional Market .
The US Market dominated the North America Intravenous (IV) Therapy and Vein Access Market by Country 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $9,245.1 million by 2028. The Canada Market is experiencing a CAGR of 7.2% during (2022 - 2028). Additionally, The Mexico Market would exhibit of 6.3% during (2022 - 2028).
Based on End User, the Market is segmented into Hospitals, Ambulatory Surgical Center, and Clinics. Based on Application, the Market is segmented into Medication Administration, Blood Based Products, Nutrition & Buffer Solution, and Volume Expander. Based on Type, the Market is segmented into Intravenous Catheters, Infusion Pumps, Hypodermic Needles, Implantable Ports, and Others. Based on countries, the Market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Intravenous (IV) Therapy and Vein Access Market is Estimated to reach $33.6 Billion by 2028, at a CAGR of 5.3%
The Market research report covers the analysis of key stake holders of the Market . Key companies profiled in the report include B. Braun Melsungen AG, Medtronic PLC, Terumo Corporation, Fresenius SE & Co. KGaA, Cardinal Health, Inc., Pfizer, Inc., Teleflex, Inc., Baxter International, Inc., Smiths Group PLC, and AngioDynamics, Inc.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Hospitals
- Ambulatory Surgical Center
- Clinics
By Application
- Medication Administration
- Blood Based Products
- Nutrition & Buffer Solution
- Volume Expander
By Type
- Intravenous Catheters
- Infusion Pumps
- Hypodermic Needles
- Implantable Ports
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- B. Braun Melsungen AG
- Medtronic PLC
- Terumo Corporation
- Fresenius SE & Co. KGaA
- Cardinal Health, Inc.
- Pfizer, Inc.
- Teleflex, Inc.
- Baxter International, Inc.
- Smiths Group PLC
- AngioDynamics, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Intravenous (IV) Therapy and Vein Access Market, by End User
1.4.2 North America Intravenous (IV) Therapy and Vein Access Market, by Application
1.4.3 North America Intravenous (IV) Therapy and Vein Access Market, by Type
1.4.4 North America Intravenous (IV) Therapy and Vein Access Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Intravenous (IV) Therapy and Vein Access Market
Chapter 4. North America Intravenous (IV) Therapy and Vein Access Market by End User
4.1 North America Hospitals Market by Country
4.2 North America Ambulatory Surgical Center Market by Country
4.3 North America Clinics Market by Country
Chapter 5. North America Intravenous (IV) Therapy and Vein Access Market by Application
5.1 North America Medication Administration Market by Country
5.2 North America Blood Based Products Market by Country
5.3 North America Nutrition & Buffer Solution Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Intravenous (IV) Therapy and Vein Access Market by Type
6.1 North America Intravenous Catheters Market by Country
6.2 North America Infusion Pumps Market by Country
6.3 North America Hypodermic Needles Market by Country
6.4 North America Implantable Ports Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Intravenous (IV) Therapy and Vein Access Market by Country
7.1 US Intravenous (IV) Therapy and Vein Access Market
7.1.1 US Intravenous (IV) Therapy and Vein Access Market by End User
7.1.2 US Intravenous (IV) Therapy and Vein Access Market by Application
7.1.3 US Intravenous (IV) Therapy and Vein Access Market by Type
7.2 Canada Intravenous (IV) Therapy and Vein Access Market
7.2.1 Canada Intravenous (IV) Therapy and Vein Access Market by End User
7.2.2 Canada Intravenous (IV) Therapy and Vein Access Market by Application
7.2.3 Canada Intravenous (IV) Therapy and Vein Access Market by Type
7.3 Mexico Intravenous (IV) Therapy and Vein Access Market
7.3.1 Mexico Intravenous (IV) Therapy and Vein Access Market by End User
7.3.2 Mexico Intravenous (IV) Therapy and Vein Access Market by Application
7.3.3 Mexico Intravenous (IV) Therapy and Vein Access Market by Type
7.4 Rest of North America Intravenous (IV) Therapy and Vein Access Market
7.4.1 Rest of North America Intravenous (IV) Therapy and Vein Access Market by End User
7.4.2 Rest of North America Intravenous (IV) Therapy and Vein Access Market by Application
7.4.3 Rest of North America Intravenous (IV) Therapy and Vein Access Market by Type
Chapter 8. Company Profiles
8.1 B. Braun Melsungen AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent Strategies and Developments
8.1.5.1 Product launches and Product Expansions:
8.2 Medtronic PLC
8.2.1 Company overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.3 Terumo Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental Analysis
8.4 Fresenius SE & Co. KGaA
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent Strategies and Developments
8.4.5.1 Acquisitions and Mergers:
8.5 Cardinal Health, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.6 Pfizer, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional & Segmental Analysis
8.6.4 Research & Development Expense
8.7 Teleflex, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.8 Baxter International, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent Strategies and Developments
8.8.5.1 Approvals and Trials:
8.8.5.2 Acquisitions and Mergers:
8.9 Smiths Group PLC
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent Strategies and Developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.10. AngioDynamics, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Research & Development Expenses
TABLE 1 North America Intravenous (IV) Therapy and Vein Access Market, 2018 - 2021, USD Million
TABLE 2 North America Intravenous (IV) Therapy and Vein Access Market, 2022 - 2028, USD Million
TABLE 3 North America Intravenous (IV) Therapy and Vein Access Market by End User, 2018 - 2021, USD Million
TABLE 4 North America Intravenous (IV) Therapy and Vein Access Market by End User, 2022 - 2028, USD Million
TABLE 5 North America Hospitals Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Hospitals Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Ambulatory Surgical Center Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Ambulatory Surgical Center Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Clinics Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Clinics Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Intravenous (IV) Therapy and Vein Access Market by Application, 2018 - 2021, USD Million
TABLE 12 North America Intravenous (IV) Therapy and Vein Access Market by Application, 2022 - 2028, USD Million
TABLE 13 North America Medication Administration Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Medication Administration Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Blood Based Products Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Blood Based Products Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Nutrition & Buffer Solution Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Nutrition & Buffer Solution Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Intravenous (IV) Therapy and Vein Access Market by Type, 2018 - 2021, USD Million
TABLE 22 North America Intravenous (IV) Therapy and Vein Access Market by Type, 2022 - 2028, USD Million
TABLE 23 North America Intravenous Catheters Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Intravenous Catheters Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Infusion Pumps Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Infusion Pumps Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Hypodermic Needles Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Hypodermic Needles Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Implantable PORTS MARKET by Country, 2018 - 2021, USD Million
TABLE 30 North America Implantable Ports Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Intravenous (IV) Therapy and Vein Access Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Intravenous (IV) Therapy and Vein Access Market by Country, 2022 - 2028, USD Million
TABLE 35 US Intravenous (IV) Therapy and Vein Access Market, 2018 - 2021, USD Million
TABLE 36 US Intravenous (IV) Therapy and Vein Access Market, 2022 - 2028, USD Million
TABLE 37 US Intravenous (IV) Therapy and Vein Access Market by End User, 2018 - 2021, USD Million
TABLE 38 US Intravenous (IV) Therapy and Vein Access Market by End User, 2022 - 2028, USD Million
TABLE 39 US Intravenous (IV) Therapy and Vein Access Market by Application, 2018 - 2021, USD Million
TABLE 40 US Intravenous (IV) Therapy and Vein Access Market by Application, 2022 - 2028, USD Million
TABLE 41 US Intravenous (IV) Therapy and Vein Access Market by Type, 2018 - 2021, USD Million
TABLE 42 US Intravenous (IV) Therapy and Vein Access Market by Type, 2022 - 2028, USD Million
TABLE 43 Canada Intravenous (IV) Therapy and Vein Access Market, 2018 - 2021, USD Million
TABLE 44 Canada Intravenous (IV) Therapy and Vein Access Market, 2022 - 2028, USD Million
TABLE 45 Canada Intravenous (IV) Therapy and Vein Access Market by End User, 2018 - 2021, USD Million
TABLE 46 Canada Intravenous (IV) Therapy and Vein Access Market by End User, 2022 - 2028, USD Million
TABLE 47 Canada Intravenous (IV) Therapy and Vein Access Market by Application, 2018 - 2021, USD Million
TABLE 48 Canada Intravenous (IV) Therapy and Vein Access Market by Application, 2022 - 2028, USD Million
TABLE 49 Canada Intravenous (IV) Therapy and Vein Access Market by Type, 2018 - 2021, USD Million
TABLE 50 Canada Intravenous (IV) Therapy and Vein Access Market by Type, 2022 - 2028, USD Million
TABLE 51 Mexico Intravenous (IV) Therapy and Vein Access Market, 2018 - 2021, USD Million
TABLE 52 Mexico Intravenous (IV) Therapy and Vein Access Market, 2022 - 2028, USD Million
TABLE 53 Mexico Intravenous (IV) Therapy and Vein Access Market by End User, 2018 - 2021, USD Million
TABLE 54 Mexico Intravenous (IV) Therapy and Vein Access Market by End User, 2022 - 2028, USD Million
TABLE 55 Mexico Intravenous (IV) Therapy and Vein Access Market by Application, 2018 - 2021, USD Million
TABLE 56 Mexico Intravenous (IV) Therapy and Vein Access Market by Application, 2022 - 2028, USD Million
TABLE 57 Mexico Intravenous (IV) Therapy and Vein Access Market by Type, 2018 - 2021, USD Million
TABLE 58 Mexico Intravenous (IV) Therapy and Vein Access Market by Type, 2022 - 2028, USD Million
TABLE 59 Rest of North America Intravenous (IV) Therapy and Vein Access Market, 2018 - 2021, USD Million
TABLE 60 Rest of North America Intravenous (IV) Therapy and Vein Access Market, 2022 - 2028, USD Million
TABLE 61 Rest of North America Intravenous (IV) Therapy and Vein Access Market by End User, 2018 - 2021, USD Million
TABLE 62 Rest of North America Intravenous (IV) Therapy and Vein Access Market by End User, 2022 - 2028, USD Million
TABLE 63 Rest of North America Intravenous (IV) Therapy and Vein Access Market by Application, 2018 - 2021, USD Million
TABLE 64 Rest of North America Intravenous (IV) Therapy and Vein Access Market by Application, 2022 - 2028, USD Million
TABLE 65 Rest of North America Intravenous (IV) Therapy and Vein Access Market by Type, 2018 - 2021, USD Million
TABLE 66 Rest of North America Intravenous (IV) Therapy and Vein Access Market by Type, 2022 - 2028, USD Million
TABLE 67 key Information – B. Braun Melsungen AG
TABLE 68 Key Information – Medtronic PLC
TABLE 69 Key Information – Terumo Corporation
TABLE 70 key information – Fresenius SE & Co. KGaA
TABLE 71 key information – Cardinal Health, Inc.
TABLE 72 Key Information – Pfizer, Inc.
TABLE 73 key Information – Teleflex, Inc.
TABLE 74 Key Information – Baxter International, Inc.
TABLE 75 Key Information – Smiths Group PLC
TABLE 76 Key Information – AngioDynamics, Inc.
List of Figures
FIG 1 Methodology for the research