Unlocking the Future of the Intravenous Therapy And Vein Access Devices Market: Growth Rate, Key Trends, and Opportunities for 2025-2034
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How has the intravenous therapy and vein access devices market grown in recent years?
The intravenous therapy and vein access devices market has experienced strong growth in recent years, expanding from $30.65 billion in 2024 to $33.15 billion in 2025 at a CAGR of 8.1%. Factors driving historical growth include the expansion of hospital facilities, ICU advancements, increasing medical R&D, and a growing geriatric population.
How is the intravenous therapy and vein access devices market size expected to evolve during the forecast period?
The intravenous therapy and vein access devices market will witness substantial growth, reaching $44.69 billion by 2029 with a CAGR of 7.8%. Growth factors include the rising number of surgeries, emergence of biodegradable materials, better infection control, increased healthcare spending, and chronic disease prevalence. Major trends include advancements in minimally invasive techniques, catheter technology improvements, smart intravenous devices, ultrasound-guided innovations, and home healthcare developments.
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Which key drivers are propelling the intravenous therapy and vein access devices market’s growth?
The increasing number of surgical procedures is anticipated to accelerate the growth of the intravenous therapy and vein access devices market. The demand for elective surgeries, including cosmetic procedures, plastic surgery, and other non-essential operations, is driving this trend. Intravenous therapy and vein access devices are essential for administering fluids, medications, and anesthesia during surgeries. In December 2023, the Australian Institute of Health and Welfare reported 735,500 patient admissions for surgery in the 2022-23 period, reflecting an 18% increase compared to the previous year. Hence, the rise in surgical procedures is fueling growth in the intravenous therapy and vein access devices market.
What are the market segments in the intravenous therapy and vein access devices industry?
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
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Which leading companies are shaping the growth of the intravenous therapy and vein access devices market?
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 trends are currently impacting the intravenous therapy and vein access devices market’s development?
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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Which geographic areas are influencing the growth of 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.
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