Intravenous Equipment Market Size, Share, and Trends 2024 to 2034

Intravenous (IV) Equipment Market Size and Forecast 2024 to 2034

The global intravenous equipment market size accounted for USD 22.59 billion in 2024 and is predicted to surpass around USD 40.41 billion by 2034, expanding at a CAGR of 5.99% from 2024 to 2034. With the rising surgical procedures, the demand for intravenous equipment is increasing. The rising prevalence of chronic diseases is further expected to boost market growth. Additionally, changing preferences toward home healthcare and EMS services are likely to fuel market growth in the upcoming years.

Intravenous Equipment Market Key Takeaways

• North America dominated the market in 2023.
• Asia Pacific is projected to witness rapid growth during the forecast period.
• By type, the IV catheters segment held the largest share of the market in 2023.
• By end-user, the hospitals segment dominated the market in 2023.

Market Overview

The IV infusion equipment market covers the global market for devices and products specially designed to administer fluids, medications, or therapeutic agents via veins in a patient's body. These devices are of great importance in a wide range of healthcare settings, from hospitals to medical centers and health services at home. The market for IV infusion equipment covering a broad range of instruments and products to administer liquids, medications or treatments directly in the patient's vein is an important part of the worldwide healthcare industry.

In a variety of healthcare settings, including hospitals, doctor's offices, rehabilitation centers and home care which serve all age groups and illnesses, this market has an important role. These devices are used to monitor the rate and volume of fluids or medicinal products delivered through an IV so as to be sure that they are administered accurately and precisely. They are especially important for patients requiring periodic infusion therapy in the intensive care units, surgery settings and to patients with continuous infusion therapy.

The increasing prevalence of chronic diseases, such as cardiovascular disorders, cancer, and diabetes, has led to a rise in the demand for IV therapies. In addition, access to health services has been increased and IV equipment is used more widely in developing countries due to the development of healthcare infrastructure. The importance of intravenous equipment to the global healthcare landscape has been further stressed by the COVID-19 pandemic. The demand for the reliability and efficiency of IV devices has grown due to the administration of vaccines, and treatment with critical care medicine in cases of severe illness.

Intravenous Equipment Market Growth Factors

• Increasing instances of chronic diseases like diabetes, cardiovascular disease, and cancer boost the demand for IV therapy, significantly driving the growth of the market.
• The rising prevalence of infectious diseases has led to a high demand for antibiotic IV therapies, further propelling the market's growth.
• Rising healthcare expenditure and demand for homecare services boost the market.
• The rising government investments in expanding healthcare infrastructure and developing advanced medical devices will bolster the market.
• Pharmaceutical companies are collaborating with government entities and health agencies to innovate cutting-edge IV treatments, thus fueling the market growth.
• Technological advancements led to the emergence of improved IV equipment, enhancing patient outcomes.

Market Scope

Market Dynamics

Key Market Drivers

Rising surgical procedures

The major driver for the growth of the intravenous equipment market can be attributed to an increasing number of surgeries all over the world. Surgical procedures include a range of medical interventions, including both in the hospital and on an outpatient basis, which require the use of IVs for different purposes. During surgery, intravenous catheters, infusion pumps, and other devices are of paramount importance for the purpose of fluid resuscitation, anesthesia administration as well as postoperative care.

The scope of surgery has been broadened by advances in the techniques used, medical technologies, and anesthetics, allowing it to be more efficient and readily available. There has been an increase in the number of surgical procedures performed as a result of greater access to Minimally Invasive Procedures. In these minimally invasive procedures, IV equipment is often used to deliver anesthesia, sedation and analgesics to the patient. Precise medication administration and patient comfort are ensured through the use of IV equipment in these procedures.

Furthermore, the use of enhanced IV equipment was driven by a growing concern for the safety of patients during surgical procedures. Safety features that have become known in recent years are needle-free connectors, antimicrobial-coated catheters and infusion pumps with integrated medication error prevention systems. These developments aim at reducing the chance of infections, medication errors or needlestick injuries and providing an enhanced level of patient safety during surgery.

Therefore, as a major driver for market growth in IV equipment, the rising number of surgery procedures around the world. Demand for intravenous machines is driven by the increasing availability of medical interventions, improvements in surgical techniques and the expanding scope of ambulatory surgeries. In addition, the importance of IV equipment for surgical procedures is further reinforced by an emphasis on patient safety and the COVID-19 pandemic impact. The market for intravenous equipment is projected to show continued growth as healthcare providers are relying on these instruments in order to provide the safest and most effective patient care, given the evolution of the surgery landscape.

Expansion of infusion therapy applications

A major driving force for the growth of the IVIV equipment market has been an increase in infusion therapy applications. IV infusion therapy is a treatment that delivers fluids, medicines, and nutrients straight into the bloodstream. As a result of the increase in demand for IV equipment, this multimodality treatment method is being used in different medical specialties and patient populations. The growing prevalence of long-term health conditions is one of the key factors underpinning the expansion of infusion therapy applications. Conditions such as cancer, diabetes, autoimmune disorders, and infectious diseases often require long-term treatment regimens that involve IV infusions. In order to ensure that chemotherapy drugs, biotherapeutics, immunosuppressive agents and other special medicines are administered safely and effectively in the treatment of these chronic conditions, IV equipment is necessary.

Furthermore, In the area of nutrition support, an increase in the use of infusion therapy is observed. In patients who are not able to obtain sufficient nutrition by the gastrointestinal tract, parenteral nutrition including intravenous delivery of vital nutrients is important. To meet the dietary requirements of patients with malnutrition, gastrointestinal disorders or who have been on a continuous fast for more than 1 day, IV equipment is used to deliver a balanced mixture of amino acids, glucose, lipids, vitamins and minerals. Infusion therapy has also shown an increasing use in the management of infectious diseases. In the treatment of serious infections, for example, sepsis or complex respiratory tract infection, intravenous antibiotics and antiviral medicines are frequently used. In order to ensure optimal drug levels in the blood, when these medicines are administered accurately with intravenous infusion equipment, it increases their effectiveness against infectious agents.

Therefore, the growth of the intravenous equipment market is mainly driven by an increase in infusion therapy applications. The demand for IV equipment is driven by the increasing incidence of disease, a need to manage pain effectively, feeding support, illness treatment and COVID-19's impact. The market for IV equipment is projected to grow at a sustained rate, owing to advances in technology and the development of special devices relating to different infusion therapy applications, due to continued acceptance and expansion by healthcare providers.

Key Market Challenges

Maintenance and equipment malfunctions

The growth of the intravenous infusion equipment market is subject to significant problems in maintenance and malfunctions. To provide optimum performance and accurate delivery of medication, IV equipment such as infusion pumps, catheters, and tubes should be kept regularly maintained and calibrated. However, there may be equipment failures that lead to disruption of patient care and possible risks for the health of patients. The effectiveness of intravenous therapy may be compromised by infusion pump failures, blockages or leaks in catheters and tube lines that can lead to side effects.

In order to ensure that equipment malfunctions are promptly remedied, healthcare facilities should establish robust preventive maintenance programs, train staff in the area of troubleshooting and repairs as well as develop contingency plans. In order to reduce the interruption of patients' treatment while ensuring safe and effective delivery of medicines and liquids, it is important that equipment problems are resolved as soon as possible.

Moreover, the risks of user error and programming errors can be increased due to the complexity of certain IV equipment like infusion pumps that are programmed with enhanced features, which emphasizes the need for complete staff training and continuous education. In order to reduce the problems related to maintenance and equipment failures, which in turn promote growth and sustainability for the IV equipment market, proactive maintenance practices, compliance with manufacturer's guidance as well as continuous quality improvement initiatives are essential.

Key Market Opportunities

Home healthcare expansion

The expansion of home healthcare services represents a significant opportunity to grow the intravenous infusion equipment market. In order to reduce hospital stays and health costs, home healthcare provides patients with the ability to receive medical care in a comfortable way at their homes for treatments such as intravenous therapy. The increased demand for aging in places, improvements in medical technology, and the focus on patient-centered care are some of the causes driving this trend. IV equipment is essential for delivering intravenous infusions at home in a safe and efficient manner. The comfort and convenience of getting long-term IV therapies at home, such as chemotherapy, antibiotics, or parenteral nutrition, can be advantageous to patients who need them. In order to facilitate the delivery of medicines and fluids in a home environment there is a need for portable and user-convenient IV devices, such as infusion pumps, catheters or intravenous sets.

The increasing demand for home healthcare is being driven by the development of telepresence and remote monitoring technologies. Healthcare providers can remotely assess their patients, monitor vital signs and provide advice on IV therapy management through telemedicine consultations and remote monitoring platforms. It allows real-time data collection, medication adherence monitoring, and telemedicine support to be integrated into IV devices in order to increase patient safety and healthcare effectiveness by integrating with digital health solutions. The expansion of home healthcare services is not only beneficial for patients but also represents an important market opportunity for IV equipment manufacturers. There is a growing demand for transportable, easy-to-use and technically superior intravenous devices. Innovative products which are specially adapted for use at home, e.g. small infusion pumps, user-friendliness catheters, and mobile medicine management solutions, may be developed by manufacturers. In order to guarantee the correct use and maximize patients' outcomes, tailored education and support is needed for patients and caregivers.

Therefore, the development of home healthcare services represents an excellent opportunity for growth in the IV equipment market. Patients' comfort, reduction in healthcare costs and support for patient care are improved when IV therapy can be administered at home. In order to meet the growing needs of home healthcare providers and patients, IV equipment that is suitable for use at home must also be integrated into telemedicine and electronic medical solutions. Market players can take advantage of this opportunity to strengthen their presence and address the needs identified, as well as contribute to developments in home infusion therapy by developing specific solutions.

Type Insights

The IV catheters segment led the market with the largest share in 2023. This is due to the increasing use of IV catheters in hospitals and clinics to administer fluids and medications. IV catheters are widely used during IV therapy to deliver medications and fluids directly into the bloodstream of the patient. A significant growth in the number of hospital admissions and surgical procedures further contributed to segmental dominance. Advancements in catheter technologies led to improvements in antimicrobial IV catheters, midline catheters, and closed IV catheter systems, which bolstered the segment.

End-User Insights

The hospitals segment dominated the intravenous equipment market in 2023. This is due to the high volume of IV therapy procedures performed in hospitals. The easy availability of advanced equipment in hospitals has increased the number of hospital admissions in the past few years, creating a huge demand for IV therapy. Favorable government policies for hospital-based treatments further encourage patients to receive treatment from hospitals. Hospitals boast skilled medical professionals who can treat various conditions using IV equipment, contributing to segmental growth.

Regional Insights

North America dominated the intravenous equipment market, capturing the largest share in 2023. This is due to the growing healthcare spending and rising geriatric population in the region. The U.S. is a major contributor to regional dominance due to the increasing prevalence of chronic diseases in the country. US FDA approval and regulatory compliance support the commercialization of high-quality IV equipment. Moreover, the availability of affordable health insurance, well-established healthcare infrastructure, and advanced medical devices further bolstered the regional market.

Asia Pacific is projected to witness rapid growth during the forecast period. With the increasing instances of chronic diseases like cancer and asthma, there is a high demand for IV therapy in the region, further boosting the demand for IV equipment. Governments in various countries like India, China, and Japan are increasingly investing to advance their healthcare infrastructure. Moreover, various Asian countries are embracing advanced healthcare technologies, including cutting-edge IV equipment, to enhance patients’ health and safety, thus boosting regional market growth.

Intravenous Equipment Market Companies

• Becton, Dickinson and Company
• B. Braun Melsungen AG
• Smiths Medical
• ICU Medical, Inc.
• Baxter International Inc.
• Fresenius Kabi AG
• Hospira, Inc.
• Nipro Corporation
• DexTech Medical
• Enduropacks, Inc.
• Calea Limited
• Earth Science Tech
• American Regent, Inc.
• Apria Healthcare Group, Inc.

Key Industry Developments

• In May 2019, B.Braun Medical announced that it intends to invest in the development of advanced IV infusion production facilities, which will make vital intravenous fluids safer and more productive when used by medical professionals on a regular basis.
• In October 2017, PZifer Hospira Infusion System has been taken over by ICU Medical Inc. By collaborating with Pzifer, ICU Medical has expanded its product range for intravenous therapy.

Segments Covered in the Report

By Type

• IV Catheters
• IV Tubing Sets
• IV Fluids
• IV Pumps
• Cannula
• Hypodermic needles
• Stopcock
• Needless Connector
• Drip chamber
• Securement Device
• Tourniquet
• Other

By End-User

• Hospitals
• Clinics
• Home Care Settings
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa