Intravenous access device are utilized by the physicians to deliver the medication to the patient’s blood stream through the intravenous route. Intravenous access device can also withdraw the blood for testing or diagnosis purpose. There are various therapies administrated by the intravenous access device which are included for the designation of specialty drugs. Intravenous access device prevent the air from entering the blood stream and allows the estimation of flow rate. Intravenous access devices are used for various purposes such as to correct the electrolyte imbalances, to deliver medications, fluid replacement or for blood transfusion whereas it can also be used when the patient is dehydrated.

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Additionally intravenous access devices can be used for chemotherapy, chronic diseases such as diabetes, cancer, cardiovascular disorders, with acute infectious diseases also favors the growth of intravenous access devices market. Moreover, urbanization and growing geriatric population all over the world is expected to boost the growth of intravenous access device market.

Market Dynamics

Rising incidence of cardiovascular disease due to increase in the prevalence of diabetes, high blood pressure cases and number of smokers worldwide is expected to favor the demand for intravenous access device around the globe. According to World Health Organization (WHO), in 2015 around 17.7 million people died due to cardiovascular disease worldwide. Furthermore, the majority of deaths are occurred in emerging economies due to high prevalence rate and lack of healthcare services in rural areas. Also, increasing aging population and rising demand for intravenous access are the other factors leading to the growth of intravenous access device market in developed as well as emerging economies.

Rise in incidences of different disease is expected to fuel the growth of the intravenous access devices market in the near future.

North America accounts for the largest share in the global intravenous access devices market, followed by Europe. This mainly attributed to rapidly aging population, increase in the incidence rate of various disease such as cancer, kidney failure, diabetes and other life style inflicted diseases are some of the major factors that are expected to drive the intravenous access market. As per the stats published by Centers for Disease Control and Prevention (CDC), in 2012, around 29.1 people were living with diabetes in the U.S. Furthermore, in 2012, 1.7 million people were newly diagnosed for diabetes in U.S.

Intravenous Access Devices Market - Major Players

Some major players operating in the intravenous access devices market includes Becton, Dickinson and Company, B. Braun Melsungen AG, Teleflex, Inc., C.R. Bard, Inc., Fresenius Medical Care, Smiths Medical, Hospira, Inc., Covidien Plc, Fresenius Medical Care AG & Co., and Baxter International.

Detailed Segmentation:

Global Intravenous Access Devices Market, By Product Type:
• IV Catheters
• IV Infusion Pumps
• IV Needles

Global Intravenous Access Devices Market, By Catheters:
• Midline Peripheral Catheters
• Peripherally Inserted Central Catheters
• Centrally Inserted Central Catheters
• Others

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