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Research Reports

The IV Tubing Sets and Accessories Market is stated to place itself in good stead In Upcoming Years. With the breakneck pace being witnessed regarding digital technologies, organizations across the globe are putting their best foot forward for serving their customers at ease. With over 40% of the IT budget being allocated to digitization, more than 70% of the workplaces have either resorted to it or are into the adoption mode herein. This trend is likely to change the entire industry scenario, with no room for mediocrity, as every solution would be tailor-made.

Rising geriatric population across regions is expected to drive demand for IV tubing sets and accessories, since people aged above 60 years are at a high risk of developing cancer. As indicated by a World Health Organization (WHO) report, around 23.6 million new instances of chronic diseases are projected to be accounted for worldwide by 2031. High occurrence of chronic diseases, for example, malignant diseases and kidney problems, demand for expanding diagnostic and therapeutic procedures, including dialysis.

Key players in the market are focusing on production of advanced tubing sets using medical and pharmaceutical-grade silicones and thermoplastics as raw material in order to deliver increasing level of performance. Increasing demand for smaller devices made from micro components and tubing in order to meet demand requirements in minimal invasive procedures is anticipated to provide large opportunities for market players.

The global IV tubing sets and accessories market style=”font-weight: 400;”> is estimated to be valued at US$ 1.7 Bn in 2021, and is expected to exhibit a CAGR of close to 5% over the forecast period (2021 – 2031).

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Companies covered in IV Tubing Sets And Accessories Market Report

  • Baxter International Inc.
  • Hospira Inc. (Pfizer Inc.)
  • Becton, Dickinson Company (CareFusion)
  • B. Braun Melsungen AG
  • Fresenius Kabi AG
  • Smiths Medical
  • C.R. Bard, Inc.
  • ICU Medical Inc.
  • Zyno Medical
  • Nipro Corporation
  • Poly Medicure Ltd.
  • Vygon U.S.A
  • Health Line International Corporation

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Key Takeaways from Market Study

“Increasing geriatric population, rising number of medical procedures, rising chronic diseases, and advanced tubing technology are expected to drive market growth,” says a Persistence Market Research analyst.

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Increase in Product Launch – Imperative Strategy for Market Players

To sustain in the market, manufacturers are working toward the development of innovative products that are not only suitable and required for various medical procedures but also for increasing the comfort level of patients. This is because, when the patient is comfortable, he will be more co-operative throughout the procedure. Furthermore, as kidney disorders affect different people, for every patient, there is a need for customization and development of products that can easily be utilized for dialysis. Thus, most manufactures are focused on the development and approval of new products.

What else is in the report?

Persistence Market Research offers a unique perspective and actionable insights on the IV tubing sets and accessories market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021–2031, based on product (primary IV tubing sets, secondary IV tubing sets, extension IV tubing sets, IV infusion sets with flow regulators, filtered IV tubing sets, non-vented IV tubing sets, vented IV tubing sets, and IV tubing accessories), age group (paediatric, adults, and geriatric), application (peripheral intravenous catheter insertion, central venous catheter and placement, and PICC line insertion), and end user (hospitals, ambulatory surgical centers, specialized clinics, skilled nursing facilities, long-term care centers, and others), across seven key regions of the world.

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