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Intravenous Access Devices Market is Expected to Reach USD 46.5 Billion Globally in 2019: Transparency Market Research

December 9, 2013

ALBANY, New York, December 9, 2013 /PRNewswire/ –

According to a new market report published by Transparency Market Research
“Intravenous Access Devices Market (Intravenous Needles, Intravenous Catheters and
Intravenous Infusion Pumps) – Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2013 – 2019,”in 2012, the global intravenous access devices market was valued at
USD 27.2 billion and is expected to grow at a CAGR of 7.8% during the forecast period of
2013 to 2019 to reach a market value of USD 46.5 billion by 2019.

Browse the full report with complete TOC at

http://www.transparencymarketresearch.com/intravenous-access-devices.html

Intravenous (IV) access devices are utilized extensively for the delivery of almost
every class of drugs such as analgesics, antibiotics and antipyretics. The IV access
devices include IV needles, IV catheters and IV infusion pumps. The market for IV access
devices will increase tremendously at the growing rate of 7.8% during the forecast period
2013 to 2019 with the increasing incidences of various diseases such as cancer and
tuberculosis (TB).Increasing geriatric population worldwide will also support the growth
of this market because elderly people are highly susceptible to aforementioned diseases.
In addition, shifting trend towards home healthcare will further propel the growth of
infusion pumps and catheters market which will also support the overall growth of the
market.

Likewise, increase in number of surgeries throughout the globe will also trigger the
growth of this market since; surgeries will require these access devices for various
purposes such as medication and anesthetic. For instance, in 2012around 51.4 surgeries
were reported according to the Centers for Disease Control and Prevention (CDC) in the
U.S. and this number is expected to increase owing to various reasons such as increase in
number of accidents and lifestyle.Similarly, increase in number of vaccines will also
augment the growth of this market since administration of majority of the vaccines will
utilize intravenous needles.The market for intravenous catheters is expected to grow at
the highest CAGR of 9% during the forecast period 2013 to 2019. This growth is attributed
to its wide application areas such as it is utilized when infusion pump is implanted in
the body. Similarly, price competitiveness of the catheters will also support the growth
of this market tremendously.

The North American region accounted for the largest share by revenue for intravenous
access devices in the year 2012 owing to large number of patient pool and geriatric
population. However, Asia-Pacific is expected to show the highest growth rate of 9.4% from
2013 to 2019. This is attributed to rise in geriatric population, target diseases,
increase in healthcare expenditure and improving healthcare infrastructure in the
Asia-Pacific region. In addition, rise in disposable income due to economic development
will also propel the growth of the market in the region since it will increase the
purchasing power of individuals for various medical services such as surgeries.

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The major players operating in the market include Hospira, Inc., Becton, Dickinson and
Company, CareFusion Corporation, Baxter International, B. Braun Melsungen AG and Smiths
Medical.

The global intravenous access devicesmarket has been segmented as below:

Intravenous Access Devices Market, by Product Types

        - Intravenous Needles
        - Intravenous Catheters
             - Midline Peripheral Catheter
             - Central Catheters
                - Midline Peripheral Catheters
                - Centrally Inserted Catheters
        - Intravenous Infusion Pumps
             - Intravenous Insulin infusion Pumps
             - Parenteral Feeding Infusion Pumps
             - Intravenous Patient Controlled Analgesia (PCA) Infusion Pumps
             - Intravenous Syringe Infusion Pumps

Intravenous Access Devices Market, by Geography

        - North America
        - Europe
        - Asia-Pacific
        - Rest of the World (RoW)

Browse all Medical Devices Market Research Reports @

http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

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