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Nov 06, 2020 (Market Insight Reports) —
Selbyville, Delaware, Global IV Tubing Sets and Accessories Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2027. IV Tubing Sets and Accessories Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global IV Tubing Sets and Accessories market and provides information regarding the revenue for the period 2020 to 2027.
Industry experts claim that upsurge in the cases of chronic disorders such as diabetes and CVDs is boosting global IV tubing sets and accessories market growth. In fact, approximately 415 million active cases of diabetes were recorded in 2015, and the number of affected individuals is expected to reach 650 million by 2024, according to International Diabetes Federation.
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In addition, spike in occurrences of contagious diseases, and preference for home-based infusion therapies among the booming geriatric population are other major factors contributing to the industry expansion. However, risk of infections due to these devices is negatively impacting worldwide IV tubing sets and accessories industry outlook.
For the uninitiated, IV tubing sets and accessories comprise of various products namely, infusion line, flow regulator, piercing needle, and luer connector that is attached with IV tube and the needle. These sets and accessories fall under intravenous therapy, and are specifically designed to administer drugs, hydrating fluid, and medication directly into the circulatory system. Hence, the necessity of these products for patients who cannot consume water or food by mouth will continue to support global IV tubing sets and accessories business landscape.
Key players influencing global IV tubing sets and accessories market trends are Dynarex Corporation, ICU Medical Inc., Zyno Medical LLC, C.R. Bard Inc., Fresenius Kabi, Smiths Medical Inc., B. Braun Melsungen AG, Hospira Inc. (Pfizer Inc.), Perfect Medical Ind. Co. Ltd., Becton, Dickinson and Company, and Baxter International Inc.
Considering the geographical landscape, IV tubing sets and accessories market in Europe is recording strong growth, driven by bulk procurement of the products at reduced prices by group purchasing organizations (GPOs). Whereas, APAC market is anticipated to garner substantial returns by the year 2027, with China at the forefront. The induction of 800 million new people into the nationwide universal insurance program is rendering a positive outlook for the industry expansion in China.
Questions & Answers: Global IV Tubing Sets and Accessories Market
Q1: What factors are stimulating the growth of global IV tubing sets and accessories market?
A: Upsurge in the cases of chronic disorders such as diabetes and CVDs, spike in occurrences of contagious diseases, and preference for home-based infusion therapies among the booming geriatric population are the major factors contributing to the industry expansion.
Q2: Why is Europe IV tubing sets and accessories market recording strong growth?
A: IV tubing sets and accessories market in