IV Tubing Sets & Accessories Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 4.10 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
IV Tubing Sets & Accessories Market Analysis
The IV Tubing Sets & Accessories Market is expected to register a CAGR of 4.1% during the forecast period.
The impact of COVID-19 on IV tubing sets & accessories was significant owing to the increasing malnutrition through reductions in health care use, immunization, treatment of malnutrition, and antenatal care. For instance, according to Global Hunger index 2021 report, a 2020 survey stated that pandemic-induced disruptions to health care services were widespread. Services intended to manage malnutrition were partially or severely disrupted in around half of the surveyed nations. Between 60% - 70% of nations reported delays in routine immunization programs. At least one-third of households surveyed across 25 nations said they had postponed, skipped, or been unable to complete essential medical appointments ever since the COVID-19 outbreak began. Thus the high burden of malnutrition and delayed immunization due to COVID-19 is projected to boost the studied market during the forecast period.
As IV tubing sets & accessories widely used in electrolyte imbalances, dehydration, and specialized medication delivery of patients thus benefits associated with this IV tubing sets such as precise and accurate drug delivery, improved medication and faster rate. According to Food and Agriculture Organization of the United Nations July 2022 report, the number of people affected by hunger globally rose to around 828 million in 2021, an increase of roughly 46 million since 2020 and 150 million since the outbreak of the COVID-19 pandemic, according to a United Nations report. The report provided evidence that the world is getting further away from its objective of eradicating hunger, food insecurity, and malnutrition in all of its forms by 2030. The high burden of malnutrition in people worldwide is likely to boost the demand for IV tubing sets and accessories used during emergency cases. These can be cured by providing essential nutrients through IV tubing sets & accessories to the targeted patient pool and further propel the market.
Favorable reimbursement policies in various countries are anticipated to drive the market growth. The Centers for Medicare & Medicaid Services (CMS) in the U.S. covers various surgeries and treatment procedures that require IV administration sets. Similarly, various government agencies in other countries cover some part of treatment procedures, which is expected to increase the demand for IV tubing sets and accessories.
Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period. However, a strict regulatory framework is likely to impede market growth. For instance, in May 2020, the umbrella emergency use authorization issued by Food and Drug Administration for infusion pumps and accessories to treat COVID-19 patients was revoked due to a lack of use by the industry.
IV Tubing Sets & Accessories Market Trends
This section covers the major market trends shaping the IV Tubing Sets & Accessories Market according to our research experts:
Peripheral Intravenous Catheter Insertion is Expected to Witness Growth Over The Forecast Period
Peripheral intravenous catheter (PIVC) is also known as a cannula or drip is one of the most practiced clinical procedures in hospitals worldwide. The peripheral intravenous catheters are inserted into peripheral veins to provide IV fluids, including dextrose and parenteral nutrition, blood product transfusions and medication. These products are directly put into the cardiovascular system and further absorb by target organs.
The segment's growth is attributed to an increasing number of targeted patient pools, growing awareness about the procedure and a wide range of applicability. Moreover, elderly people are also facing malnourishment and the growing number aging population around the world and technological advancements with the surgical procedures will result in the adoption of peripheral intravenous catheter insertion procedure and promotes the segment growth.
Additionally, with the rising number of people using PIVC leads to increased government initiatives and guidelines to ensure safety in the procedures and thus drive the segment growth. For instance, in May 2021, the Australian Commission on Safety and Quality in Health Care issued new guidelines for the 7.7 million Australians who have a PIVC inserted each year to improve the experience of all patients while ensuring their safety. The Royal Australasian College of Physicians, the Australasian College for Emergency Medicine, the Australian and New Zealand Society for Geriatric Medicine, the Australian College of Nursing, and the Australian Vascular Access Society are among the 19 medical and nursing colleges and other professional organizations that have endorsed the new clinical care standard. These initiatives are projected to boost the segment's growth during the forecast period.
North America is Expected to Dominate The IV Tubing Sets & Accessories Market Over The Forecast Period
North America expected to hold a significant market share in the global IV Tubing Sets & Accessories Market due to the increasing aging population, rising burden diseases and increasing adoption of innovative healthcare technologies. The rising rate of chronic diseases due to the increasing geriatric population and the growing use of IV therapy in their treatment are also promoting the growth of IV tubing Sets & the accessories market in this region.
Furthermore, increasing healthcare expenditure and the presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent. In April 2020 the National Institutes of Health (NIH) launched the Accelerating COVID-19 Therapeutic Interventions and Vaccines (ACTIV) public-private partnership with the goal of prioritizing and accelerating the development of research strategy for most promising treatments and vaccines. The intravenous adminstration of medications and Vaccines is likely to boost the utility of IV tubing sets and accessories. Such research initiatives are expected to propel the market growth.
IV Tubing Sets & Accessories Industry Overview
The IV tubing sets & accessories market is slightly consolidated in nature due to the presence of a few companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies which hold the market shares and are well known. Some key market players are B. Braun Medical Inc., Zyno Medical LLC, Nipro, Polymedicure, Baxter International, ICU Medical, and Fresenius Kabi.
IV Tubing Sets & Accessories Market Leaders
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B. Braun Medical Inc.
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Zyno Medical LLC
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Nipro
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Polymedicure
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Baxter International
*Disclaimer: Major Players sorted in no particular order
IV Tubing Sets & Accessories Market News
- In September 2022, Association for Vascular Access (AVA) and B. Braun launched the Fundamentals of Peripheral IV Access eLearning Program in collaboration to raise standards of peripheral IV access and care among healthcare schools and hospitals.
- In June 2022, B. Braun Medical Inc. launched its new Introcan Safety 2 IV Catheter with one-time blood control. The newest innovation from B. Braun makes IV access safer for the clinician by lowering the possibility of needlestick injuries and their exposure to blood with the Introcan Safety 2 IV Catheter.
IV Tubing Sets & Accessories Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Increasing Natality Rate
- 4.2.2 Risk of Malnutrition
- 4.2.3 Increasing Government Initiatives
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4.3 Market Restraints
- 4.3.1 Stringent Regulatory Framework
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value- USD Million)
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5.1 By Product
- 5.1.1 Primary IV Tubing Sets
- 5.1.2 Secondary IV Tubing Sets
- 5.1.3 IV Tubing Accessories
- 5.1.4 Extension IV Tubing Sets
- 5.1.5 Others
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5.2 By Application
- 5.2.1 Central Venous Catheter Placement
- 5.2.2 Peripheral Intravenous Catheter Insertion
- 5.2.3 PICC Line Insertion
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5.3 By End User
- 5.3.1 Hospitals
- 5.3.2 Ambulatory Surgical Centers
- 5.3.3 Others
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle East and Africa
- 5.4.4.1 GCC
- 5.4.4.2 South Africa
- 5.4.4.3 Rest of Middle East and Africa
- 5.4.5 South America
- 5.4.5.1 Brazil
- 5.4.5.2 Argentina
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 B. Braun Medical Inc.
- 6.1.2 Zyno Medical LLC
- 6.1.3 Nipro
- 6.1.4 Polymedicure
- 6.1.5 Baxter International
- 6.1.6 ICU Medical
- 6.1.7 Fresenius Kabi
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityIV Tubing Sets & Accessories Industry Segmentation
As per the scope of the report, IV tubing sets & accessories are used to deliver fluids and nutrition to the patients. The IV Tubing Sets & Accessories Market is Segmented by Product (Primary IV Tubing Sets, Secondary IV Tubing Sets, IV Tubing Accessories, Extension IV Tubing Sets, and Others), Application (Central Venous Catheter Placemen, Peripheral Intravenous Catheter Insertion, and PICC Line Insertion), End User (Hospitals, Ambulatory Surgical Centers, and Others) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
| By Product | Primary IV Tubing Sets | |
| Secondary IV Tubing Sets | ||
| IV Tubing Accessories | ||
| Extension IV Tubing Sets | ||
| Others | ||
| By Application | Central Venous Catheter Placement | |
| Peripheral Intravenous Catheter Insertion | ||
| PICC Line Insertion | ||
| By End User | Hospitals | |
| Ambulatory Surgical Centers | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
IV Tubing Sets & Accessories Market Research FAQs
What is the current Global IV Tubing Sets & Accessories Market size?
The Global IV Tubing Sets & Accessories Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)
Who are the key players in Global IV Tubing Sets & Accessories Market?
B. Braun Medical Inc., Zyno Medical LLC, Nipro, Polymedicure and Baxter International are the major companies operating in the Global IV Tubing Sets & Accessories Market.
Which is the fastest growing region in Global IV Tubing Sets & Accessories Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global IV Tubing Sets & Accessories Market?
In 2024, the North America accounts for the largest market share in Global IV Tubing Sets & Accessories Market.
What years does this Global IV Tubing Sets & Accessories Market cover?
The report covers the Global IV Tubing Sets & Accessories Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global IV Tubing Sets & Accessories Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
IV Tubing Sets and Accessories Industry Report
Statistics for the 2024 IV Tubing Sets and Accessories market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. IV Tubing Sets and Accessories analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
