Dublin, April 21, 2023 (GLOBE NEWSWIRE) -- The "Global IV Tubing Sets and Accessories Market Report and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global IV tubing sets and accessories market attained a value of USD 3651.7 million in 2022. Aided by the increasing prevalence of chronic diseases and the need for efficient medical treatments, the market is projected to further grow at a CAGR of 2.7% between 2023 and 2028, to reach a value of USD 4276.72 million by 2028.
The growth of the global IV tubing sets and accessories market can be attributed to the rising prevalence of chronic diseases, such as cancer, diabetes, and cardiovascular disorders, which often require long-term and continuous treatments. Another key factor propelling the growth of the IV tubing sets and accessories market is the increasing number of surgical procedures being performed worldwide.
With the advancements in surgical techniques and the rising demand for minimally invasive surgeries, the need for high-quality and reliable IV tubing sets and accessories has become more significant, ensuring the safe and efficient administration of medications and fluids during surgeries.
Additionally, the growing geriatric population and the rising incidence of age-related diseases have contributed to the growth of the IV tubing sets and accessories market. As the elderly population is more susceptible to chronic illnesses and often requires long-term care and treatment, the need for efficient and reliable IV therapy solutions has become crucial in managing their health conditions.
Technological advancements in the field of IV therapy have also played a significant role in the growth of the global IV tubing sets and accessories market. The development of innovative and user-friendly products, such as needleless connectors, anti-microbial IV tubing sets, and closed-system infusion sets, has not only improved patient safety but also enhanced the overall efficiency of IV therapy administration. Such advantages are positively impacting the growth of the IV tubing sets and accessories market.
Market Segmentation
The market can be divided on the basis of product, age group, application, method, fluid type, end use sectors, and region.
Market Segregation by Product:
- Primary IV
- Secondary IV
- Filtered IV Tubing Sets
- IV Cannula
- Other IV Tubing Accessories
Market Division by Age Group:
- Neonatal
- Paediatric
- Adult
- Geriatric
Market Segmentation by Application:
- Peripheral Intravenous Catheter Insertion
- Central Venous Catheter Placement
- PICC Line Insertion
- Others
Market Bifurcation by Delivery Method:
- Gravity
- Pump
Market Categorisation by Fluid Type:
- Lipids
- Clear
Market Classification 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
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 142 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $3745.1 Million |
| Forecasted Market Value (USD) by 2028 | $4276.72 Million |
| Compound Annual Growth Rate | 2.7% |
| Regions Covered | Global |
Key Topics Covered:
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
4 Key Assumptions
5 Executive Summary
6 Snapshot
7 Opportunities and Challenges in the Market
8 Global IV Tubing Sets and Accessories Market Analysis
9 North America IV Tubing Sets and Accessories Market Analysis
10 Europe IV Tubing Sets and Accessories Market Analysis
11 Asia Pacific IV Tubing Sets and Accessories Market Analysis
12 Latin America IV Tubing Sets and Accessories Market Analysis
13 Middle East and Africa IV Tubing Sets and Accessories Market Analysis
14 Market Dynamics
15 Value Chain Analysis
16 Competitive Landscape
17 Key Trends and Developments in the Market
Companies Mentioned
- Becton, Dickinson and Company
- B. Braun Medical Inc.
- Nipro Corporation
- Zyno Solutions, LLC
- Vygon SA
- ICU Medical, Inc.
- Smiths Group Plc
For more information about this report visit https://www.researchandmarkets.com/r/e3k6ap
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