IV Administration Sets Market Forecast to 2028 - C..
IV Administration Sets Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Standard Gravity IV Administration Sets, IV Administration Sets); Usage Pattern (Primary IV Administration Sets, Secondary IV Administration Sets); Application (Blood Administration Sets, Veterinary Administration Sets, Epidural Administration Sets, Chemotherapy Administration Sets, Autohemotherapy Administration Sets); End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings) and Geography
IV administration sets, commonly called IV sets, are accessories that provide healthcare providers with a fast and effective way to deliver medications and fluids to patients. They are required to treat various conditions like dehydration, electrolyte imbalance, and other conditions requiring specialized medication delivery. The intravenous route is the fastest way to deliver medications or fluid replacement substances into the body through veins. The liquid delivery rate can be adjusted via a roller clamp of an IV administration set. There are two administration sets: primary and secondary, and both are slightly different from each other.
The "Global IV Administration Sets Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the IV administration sets market with detailed market segmentation by type, usage pattern, application, end user, and geography. The report provides key statistics on the market status of the leading IV administration sets market players and offers key trends and opportunities in the market.
Based on type, the global IV administration sets market is segmented into standard gravity IV administration sets and IV administration sets.
On the basis of usage pattern, the market is bifurcated into primary IV administration sets and secondary IV administration sets.
Based on application, the market is segmented into blood administration sets, veterinary administration sets, epidural administration sets, chemotherapy administration sets and autohemotherapy administration sets.
On the basis of end-users, the market is bifurcated into hospitals, clinics, ambulatory surgical centers and home care settings.
The increasing number of patients hospitalized for various treatments and rising adoption of advanced treatment options drive the demand for IV administration sets market.
The growing geriatric population and rise in prevalence of chronic diseases boost the market growth.
Rising incidence of lifestyle diseases and developing health care facilities fuel market growth.
Increasing incidence of medication errors and product recalls.
Stringent regulatory requirements.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The IV administration sets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the IV administration sets market in these regions.
IMPACT OF COVID-19 ON IV ADMINISTRATION SETS MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. Due to halted imports, there was an adverse effect on the finances of most healthcare companies, as they suffered from a supply chain crisis and limited raw material availability. There has been a notable negative impact on the medical device market, including IV administration sets, as there was a shortage of manpower, and the manufacturer's focus was increasing towards investing in COVID products. Some infusion therapy businesses have also been significantly affected, which directly impacted the growth of this market. However, due to the increasing demand for the sets, the market is anticipated to witness growth in the future.
The report covers key developments in the IV administration sets market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from IV administration sets market are anticipated to have lucrative growth opportunities in the future with the rising demand for IV administration sets in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the IV administration sets market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
B. Braun Medical
Poly Medicure Limited
Merit Medical Systems, Inc.
The List of Companies
2. B. Braun Medical
4. ACE Medical
5. Poly Medicure Limited
6. Doran International
7. Merit Medical Systems, Inc.