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How Fast Is The Intravenous Therapy And Vein Access Devices Market Expected to Grow Between 2025 And 2029?
The market for intravenous therapy and vein access devices has seen impressive expansion lately. An increase from $30.65 billion in 2024 to $33.15 billion in 2025, representing a compound annual growth rate (CAGR) of 8.1%, is expected. The considerable growth in the preceding years can be traced back to the proliferation of hospital facilities and intensive care units (ICUs), advances in medical research and development (R&D), and a rising geriatric population.
What Growth Rate Is Anticipated for the Intravenous Therapy And Vein Access Devices Market in the Coming Years?
Predictions for robust expansion in the intravenous therapy and vein access devices market are in place for the coming years. The market is projected to reach the value of $44.69 billion by the year 2029, exhibiting a compound annual growth rate (CAGR) of approximately 7.8%. The anticipated expansion during the forecasted timeframe can be credited to elements like increasing surgical operations, the introduction of biodegradable resources, elevated preventive measures against infection, heightened health care expenditures, and a surge in chronic illness cases. Key trends for this given period involve progress in minimally invasive methodology, advancements in catheter technology, the introduction of intelligent intravenous instruments, progresses in ultrasound-guided techniques, and innovation in home medical device industry.
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Who Are the Leading Companies in 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 Are the Key Drivers of the Intravenous Therapy And Vein Access Devices Market?
The rise in surgical procedures is predicted to fuel the expansion of the intravenous therapy and vein access devices market. The surge in elective surgeries like cosmetic procedures, plastic surgery, rhinoplasty, and other non-critical embellishment surgeries is leading to a growing market. Intravenous therapy and vein access devices are fundamental in surgeries to supply anesthesia, medication, fluids, and nutrients, maintaining patient equilibrium, and facilitating swift actions when required. For example, in December 2023, the Australian Institute of Health and Welfare, a government agency in Australia, reported 735,500 patients admissions for surgery from public hospital elective surgery waiting lists during the 2022-23 period; an 18% increase compared to 2021-22. Consequently, the surge in surgical procedures paves the way for the progression of the intravenous therapy and vein access devices market.
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What Are the Key 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
What Are the Latest Trends in the Intravenous Therapy And Vein Access Devices Market?
Key players in the intravenous therapy and vein access devices industry are focusing on the development of short peripheral intravenous catheters. These are designed to optimize comfort for patients, mitigate complications linked to insertion, and bolster the effectiveness of fluid and medication delivery mechanisms. Such catheters serve as an efficient channel for transferring fluids, medications, and vital nutrients straight into the bloodstream, hence, lessening patient discomfort, cutting down the risk of infection, and providing solid and dependable venous access to several treatments in medicine. For example, B. Braun, a medical device firm located in Germany, introduced the Introcan Safety 2 IV Catheter – a short peripheral intravenous catheter equipped with passive needlestick prevention as well as a Multi-Access blood control septum – in October 2023. The innovative catheter is engineered to augment the safety of clinicians by offering automatic needlestick protection along with a blood control feature that curbs exposure to bloodborne pathogens each time the hub is accessed.
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What Are the Key Regional Markets in the Intravenous Therapy And Vein Access Devices Industry?
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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This Report Delivers Insight On:
1. How big is the intravenous therapy and vein access devices market, and how is it changing globally?
2. Who are the major companies in the intravenous therapy and vein access devices market, and how are they performing?
3. What are the key opportunities and risks in the intravenous therapy and vein access devices market right now?
4. Which products or customer segments are growing the most in the intravenous therapy and vein access devices market?
5. What factors are helping or slowing down the growth of the intravenous therapy and vein access devices market?
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