|[January 03, 2014]
Research and Markets: Intravenous Access Devices Market - Global Industry Analysis, Size, Share, Growth, Trends & Forecast, 2013 - 2019
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/qbfl3b/intravenous)
has announced the addition of the "Intravenous
Access Devices Market - Global Industry Analysis, Size, Share, Growth,
Trends & Forecast, 2013 - 2019" report to their offering.
The rise in incidences of diseases along with the increasing number of
diagnostic and treatment procedures are fuelling the demand for access
devices such as intravenous access (IV) devices, arterial access devices
and inter-muscular access devices. This is due to the fact that these
access devices will enable the administration of various drugs such as
analgesics, chemotherapy for its treatment, blood extraction for the
diagnosis and delivery of nutrition. Among these access devices,
intravenous access devices play a major role for the aforementioned
purposes. Various IV access devices are available in the market such as
IV needles, IV infusion pumps and IV catheters.
The overall market is expected to grow at a CAGR of 7.8% from 2013 to
2019 to reach an estimated value of USD 46.4 billion in 2019. This
growth is attributed to rise in number of various surgeries in different
regions of the globe. Similrly, rise in geriatric population worldwide
will also support the growth of the market since they are more prone to
various diseases due to decreased immunity in this age group. In
addition, launch of technologically advanced products by various
companies will also propel the growth of this market. For instance,
Becton, Dickinson and Company launched world's smallest pen intravenous
needle which pierces the skin without causing much pain to the patients.
Likewise, Smiths Medical launched Medfusion 4000 syringe infusion pump
which is more precise in terms of drug volume administration over old
version of syringe infusion pumps.
The market for intravenous catheters accounted for the largest market in
terms of revenue among all IV access devices market in 2012 and is
expected to grow at the highest CAGR in the future. This is attributed
to its wide application areas and also its utilization with other access
devices such as infusion pumps and needles. Similarly, reasonable price
over infusion pumps will also support its growth. In addition, catheters
presence in the market is from long time that has accounted for its
popularity among the physicians.
The North American region accounted for the largest share by revenue for
intravenous access devices in the year 2012 owing to large number of
patient pool and geriatric population. However, Asia-Pacific is expected
to show the highest growth rate of 9.4% from 2013 to 2019.
Key Topics Covered
Global Intravenous Access Devices Market, by Product Type
Global Intravenous Access Devices Market, by Geography
- B. Braun Melsungen
- Baxter International
- Becton, Dickinson & Company
- CareFusion Corporation
- Fresenius Medical Care AG & Co.
- Smiths Medical
- Teleflex Incorporated
For more information visit http://www.researchandmarkets.com/research/qbfl3b/intravenous
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