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How Will the Growth Rate of the Intravenous Therapy And Vein Access Devices Market Shape Industry Trends by 2034?

The market size of intravenous therapy and vein access devices has been expanding steadily over the recent years. The growth is projected to rise from $30.65 billion in 2024 up to $33.15 billion in 2025, following a compound annual growth rate (CAGR) of 8.1%. This historical growth trend has been driven by factors such as the proliferation of hospital facilities, broader intensive care units (ICUs), increase in medical research and development, as well as a growing elderly population.

Anticipated robust expansion is on the horizon for the intravenous therapy and vein access devices market. The market is projected to balloon to a staggering $44.69 billion by 2029, boasting a compound annual growth rate (CAGR) of 7.8%. A surge in surgical procedures, advent and utilization of eco-friendly materials, implementation of rigorous infection control standards, escalating health care costs, and a rising incidence of chronic diseases are all contributing factors to the projected growth during the estimated period. Notably, the era is expected to witness advancements in minimally invasive procedures, catheter technology evolution, the invention of intelligent intravenous devices, progress in ultrasound-guided techniques, and innovation within the realm of home healthcare devices.

Which Major Market Drivers Are Expected to Boost the Intravenous Therapy And Vein Access Devices Market’s Growth Potential?

The surge in numbers of surgical operations is anticipated to fuel the expansion of the intravenous therapy and vein access devices market. The escalating demand for elective surgeries, such as cosmetic procedures, plastic surgeries, rhinoplasty, and other non-mandatory enhancement surgeries, is improving the overall surgical market. Intravenous therapy and vein access devices play a critical role in surgical procedures, providing anesthesia, medications, fluids, nutrients, maintaining patient stability, and allowing swift intervention when needed. To illustrate, data from the Australian Institute of Health and Welfare, a government agency based in Australia, recorded 735,500 patient admissions for surgery from public hospital elective surgery waiting lists in the stretch of 2022-23 in December 2023. This depicted an 18% increase compared to the prior year, 2021-22. Hence, the accelerating number of surgical procedures is boosting the expansion of the intravenous therapy and vein access devices market.

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Who Are the Key Market Players Influencing the Growth of the Intravenous Therapy And Vein Access Devices Industry?

Major companies operating in the intravenous therapy and vein access devices market are Cardinal Health Inc., Johnson & Johnson Services Inc., 3M Company, Medtronic plc, Becton, Dickinson and Company, Baxter International Inc., B. Braun Holding GmbH & Co. KG, Fresenius Kabi AG, Terumo Corporation, Mindray Medical International Limited, Moog Inc., West Pharmaceutical Services Inc., ICU Medical Inc., Insulet Corporation, Merit Medical Systems Inc., Avanos Medical Inc., Vygon SAS, NxStage Medical Inc., AngioDynamics Inc., Elcam Medical Inc., Zyno Medical LLC, Sippex

What Key Market Trends Are Shaping the Future of the Intravenous Therapy And Vein Access Devices Industry?

In the intravenous therapy and vein access devices market, leading companies are focusing on introducing short peripheral intravenous catheters. This initiative is aimed at increasing patient comfort levels, minimizing complications linked to insertion, and improving the delivery efficiency of fluids and medicines. Short peripheral intravenous catheters offer a rapid, effective method of transporting fluids, drugs, and nutrients into the bloodstream. Apart from lessening patient discomfort, they also lower the infection risk and provide a simple yet reliable vein access for various medical procedures. B. Braun, a medical device firm based in Germany, is an example of such an innovation. In October 2023, it unveiled the Introcan Safety 2 IV Catheter, a short peripheral intravenous catheter featuring passive needlestick prevention and a Multi-Access blood control septum. This revolutionary catheter is aimed at elevating clinician safety by offering automatic needlestick protection and a blood control mechanism that drastically reduces bloodborne pathogen exposure each time the hub is used.

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How Are Key Segments Defining the Competitive Landscape of the Intravenous Therapy And Vein Access Devices Market?

The intravenous therapy and vein access devicesmarket covered in this report is segmented –

1) By Type: Intravenous (IV) Therapy And Vein Access Implantable Ports, Intravenous (IV) Therapy And Vein Access Intravenous Catheters, Hypodermic Intravenous (IV) Therapy And Vein Access Needles, Intravenous (IV) Therapy And Vein Access Infusion Pumps, Other Types

2) By Application: Volume Expanders, Medication Administration, Blood-Based Products, Nutrition And Buffer Solutions

3) By End Use: Hospitals, Clinics, Ambulatory Surgical Centers

Subsegments:

1) By Intravenous (IV) Therapy and Vein Access Implantable Ports: Single-Lumen Implantable Ports, Double-Lumen Implantable Ports, Triple-Lumen Implantable Ports

2) By Intravenous (IV) Therapy and Vein Access Intravenous Catheters: Peripheral IV Catheters, Central Venous Catheters (CVC), Peripherally Inserted Central Catheters (PICC), Tunneled Catheters

3) By Hypodermic Intravenous (IV) Therapy and Vein Access Needles: Standard Hypodermic Needles, Butterfly Needles, Safety Hypodermic Needles

4) By Intravenous (IV) Therapy and Vein Access Infusion Pumps: Volumetric Infusion Pumps, Syringe Infusion Pumps, Patient-Controlled Analgesia (PCA) Pumps, Ambulatory Infusion Pumps

5) By Other Types: IV Administration Sets, IV Fluid Bags and Tubing, Needleless Connectors, IV Drip Chambers

Which Regions Are Emerging as Leaders in the Intravenous Therapy And Vein Access Devices Market?

North America was the largest region in the intravenous therapy and vein access devices market in 2024. The regions covered in the intravenous therapy and vein access devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Defines the Scope of the Intravenous Therapy And Vein Access Devices Market?

Intravenous therapy and vein access devices refer to the administration of fluids, medications, or nutrients directly into the bloodstream using tools such as catheters and needles for accessing veins. These devices are essential in medical treatments for hydration, medication delivery, blood transfusions, and nutrition, enabling precise and continuous care in various healthcare settings.

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