Iv Tubing Sets Accessories Market Size, Share, Industry Trends and Forecast to 2030

Market Size & CAGR of IV Tubing Sets Accessories Market in 2021

The global IV tubing sets accessories market is expected to have a CAGR of 4.5% from 2021 to 2028. By 2028, the market is anticipated to reach a value of USD 2.5 billion. The increased usage of IV tubing sets accessories in critical care units, ambulatory settings, and home healthcare environments is driving the market's growth.

COVID-19 Impact on the IV Tubing Sets Accessories Market

The COVID-19 pandemic has significantly impacted the IV tubing sets accessories market. The increased number of hospitalizations and the need for intravenous therapy for COVID-19 patients have led to a surge in demand for IV tubing sets and accessories. Supply chain disruptions and logistical challenges have also affected the market during the pandemic.

IV Tubing Sets Accessories Dynamics

The IV tubing sets accessories market is driven by factors such as the rising prevalence of chronic diseases, the increasing number of surgical procedures, and the growing geriatric population. Technological advancements in IV tubing sets and accessories, such as the development of antimicrobial tubing, are also contributing to market growth.

Segments and Related Analysis

By Product Type:

- Infusion Sets - Catheters - Connectors - Clamps - Valves - Other Accessories

By End User:

- Hospitals - Clinics - Ambulatory Surgical Centers - Home Healthcare - Others

By Material:

- PVC - Polyethylene - TPU - Others

By Region Analysis

North America

- The North American region is expected to dominate the IV tubing sets accessories market due to the presence of well-established healthcare infrastructure and the high adoption rate of advanced medical technologies.

Europe

- Europe is projected to witness significant growth in the IV tubing sets accessories market owing to the increasing prevalence of chronic diseases and the growing elderly population requiring intravenous therapy.

Key Market Players and Competitive Landscape

Some of the key players in the IV tubing sets accessories market include B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Company, Fresenius SE & Co. KGaA, ICU Medical, Inc., Smiths Medical, Teleflex Incorporated, Terumo Corporation, Vygon SA, and Nipro Corporation.

Recent Happenings in the IV Tubing Sets Accessories Market

- In May 2021, Becton, Dickinson and Company announced the launch of a new range of advanced IV tubing sets accessories with enhanced safety features for healthcare providers and patients. - In July 2021, Baxter International Inc. introduced innovative IV tubing sets accessories designed to improve workflow efficiency and patient comfort in clinical settings. - In September 2021, Fresenius SE & Co. KGaA partnered with a leading technology company to develop smart IV tubing sets accessories with integrated connectivity for remote monitoring and data management.