The global IV Tubing Sets And Accessories Market size is expected to reach USD 1.64 billion by 2030, registering a CAGR of 4.94% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising incidence of cancer, favorable government initiatives related to IV tubing sets and accessories, and increasing risk of malnutrition across the globe are the key driving factors for the market.
Increasing
prevalence of chronic conditions, such as cancer, is positively impacting the
use of parenteral nutrition across the globe. Parenteral nutrition helps in the
administration of vital nutrients, which help in maintaining strength, energy,
and hydration level in patients suffering from a disease. According to
statistics published by WHO, around 8.2 million deaths occur every year due to
cancer, accounting for 13.0% of the deaths worldwide. Moreover, cancer cases
are estimated to increase by 70.0% over the next couple of decades. Increasing
prevalence of cancer is one of the major drivers of IV tubing sets and accessories.
Cancer generally
leads to a rise in the incidence of stomach ulcers, disturbance in the normal
functioning of the GI tract, and development of physical obstructions, thereby
resulting in an increased requirement for parenteral nutrition. In addition, a
common symptom associated with cancer is anorexia or unintentional weight loss,
requiring replenishment through the parenteral route of administration. Since
IV tubing sets and accessories is one of the essential requirements for the
parenteral nutrition, the demand is anticipated to surge in the coming years.
These factors are anticipated to propel the IV tubing sets and accessories
market growth over the forecast period.
Ambulatory surgery
centers (ASC), also known as outpatient surgery centers, segment is anticipated
to be the fastest growing segment over the forecast period. ASC are generally
opted by patients undergoing less complicated procedures as minimally invasive
interventional procedures allow rapid healing and require shorter hospital stay.
List of Key
Players of IV Tubing Sets & Accessories Market
- B. Braun Medical Inc.
- ICU Medical, Inc.
- Baxter
- BD
- Fresenius Kabi AG
- Zyno Medical
- NIPRO
- Polymedicure
Related Press Release@ IV Tubing Sets & Accessories Market Report
IV Tubing Sets
& Accessories Market Report Highlights
- The primary IV tubing sets segment led the market
with the largest revenue share of 32.2% in 2023, due to their essential
role in diverse medical procedures, continuous advancements in product
design and materials, and cost-effectiveness.
- Based on application, the peripheral intravenous
catheter insertion segment led the market with the largest revenue share
of 48.5% in 2023, due to its widespread use in various medical settings,
advancements in catheter design and materials, and the increasing adoption
of minimally invasive procedures.
- Based on end use, the hospitals segment led the
market with the largest revenue share of 45.02% in 2023.
- North America dominated the IV tubing sets &
accessories market with a largest revenue share of 45.29% in 2023, driven
by the high prevalence of chronic diseases, an aging population,
technological advancements, the expansion of home healthcare services, and
the impact of the COVID-19 pandemic.
IV Tubing Sets
& Accessories Market Segmentation
Grand View Research
has segmented the global IV tubing sets & accessories market on the basis
of product, application, end use, and regions:
IV Tubing Sets
& Accessories Product Outlook (Revenue, USD Billion, 2018 - 2030)
- Primary IV Tubing Sets
- Secondary IV Tubing Sets
- Extension IV Tubing Sets
- IV Tubing Accessories
- Others
IV Tubing Sets
& Accessories Application Outlook (Revenue, USD Billion, 2018 - 2030)
- Peripheral Intravenous Catheter Insertion
- Central Venous Catheter Placement
- PICC Line Insertion
IV Tubing Sets
& Accessories End Use Outlook (Revenue, USD Billion, 2018 - 2030)
- Hospitals
- Clinics
- Ambulatory Surgery Centers
- Others
IV Tubing Sets
& Accessories Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Asia Pacific
- Japan
- China
- India
- South Korea
- Australia
- Thailand
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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