December 31, 2018
WELLESLEY, Mass. Dec. 31, 2018 – The global market for intravenous (IV) therapy and vein access continuously evolving and is expected to see sustained growth over the next five years. This growth is a result of a growing aging population, persistent chronic conditions and lifestyle diseases, a balance of healthcare services between hospitals and more cost-effective sites and expanding product demands in developing markets, according to BCC Research.
The global market for IV therapy and vein access was valued at $40.7 billion in 2018 and is expected to reach $54.5 billion by 2023 growing at a compound annual growth rate (CAGR) of 6.0%, according to the report “Intravenous (IV) Therapy and Vein Access: Global Markets.”
Prominent players in the industry include AngioDynamics (ANGO), B. Braun Melsungen AG, Baxter International (BAX), Becton Dickinson and Co. (CareFusion Corp., C. R. Bard) (BDX), Fresenius Kabi, ICU Medical, Inc. (Hospira) (ICUI), Medtronic (MDT), Smiths Group (Smiths Medical) (SMGKF), Teleflex (TFX), Insulet Corp. (PODD), Tandem Diabetes Care (TNDM), Nestlé Health Science and others.
“The modern infusion therapy market is moving toward a wireless, integrated technology system that ultimately helps caregivers achieve 100% drug library compliance, minimize medication errors and reduce alarms and alerts,” the report notes.
Factors Restraining the Global IV Therapy and Vein Access Market
While there are many driving growth factors in the market, factors restraining market growth include: health care reforms and budgetary constraints in developed countries, reimbursement policies, regulatory issues, manufacturing issues and recalls.
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Intravenous (IV) Therapy and Vein Access: Global Markets( HLC046E )
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