Market Trends of Global IV Flush Syringe Industry
This section covers the major market trends shaping the IV Flush Syringe Market according to our research experts:
Hospitals & clinics Segment is Expected to Witness Growth Over the Forecast Period
The hospitals & clinics segment holds a significant share in the market for IV Flush Syringe due to the increasing chronic & acute diseases, and stringent government regulations to minimize errors in the treatment. Furthermore, rising awareness among the end-users to increase patient compliance is anticipated to fuel the growth of the IV flush syringes market.
While the increasing number of hospital admissions and advanced healthcare infrastructure is further propelling the growth of the market. There had been a rapid surge in the total number of hospitalizations worldwide due to various chronic conditions, which in turn increases the demand for IV flush syringes. For example, as per AHA Hospital Statistics, 2022 edition, total Admissions in all United States Hospitals were estimated at 33,356,853. Since IV flush syringes play an important role during medication administration and tests, resulting in rising demand for the product in hospitals. Also, As per the American Hospital Association (AHA) survey, the total number of hospital admissions in the United States reached 36,241,815 in 2019 and 36,30,0000 in 2018. Thus, the number of hospital admissions is rising continuously owing to the increase in chronic disorders that is generating the need for IV flush syringes market in treatment processes.
Moreover, As per the article published by Jyoti Sharma in January 2022 on 'Flushing of catheters' stated that In advanced clinical practice, up to 4/5th of the hospitalized patients usually requires intravenous therapy at some point in their treatment processes during their hospital stay. Flushes are administered before and after starting IV medication drips or fluids in patients to ensure the lines stay clean and prevent blockages. This is likely to fuel the hospital segment growth in the forthcoming years.
Thus, all these factors are responsible for segment growth that is fueling the IV flush syringes market.
North America is Expected to Dominate the IV Flush Syringe Market
In 2020, North America holds a significant share in the market owing to the acceptance of novel technologies, increasing cases of chronic diseases, rising number of surgical procedures performed and increasing research and development activities that have contributed to the growth of the market in this region.
The U.S. held the major market share of the North American IV flush syringe market owing to the rising incidences of chronic disorders, and the rising number of hospitalization that require IV flush syringes which is responsible for the growth of the market. For instance, As per the World Health Organisation, In 2021, around 15 percent of adults in the United States reported having at least two chronic medical conditions, while only around 11 percent of older millennials reported the same. As IV flush syringes play an important role during medication administration and tests which is responsible for the rising demand for the product that would propel the market growth.
The increasing cases of chronic disorders give rise to the number of surgeries that would generate the requirement for IV flush syringe market in the treatment. For instance, In 2020, as per the National Health Statistics Reports around 129 million surgical procedures are performed every year in the United States. Thus, the increasing number of surgeries is boosting the growth of the market. Thus, all these factors are expected to boost the growth of the market.
