Market Research Report on IV Catheters, Needles, S

IV Catheters, Needles, and Syringes Market - Global Outlook and Forecast 2018-2023 ( Upcoming Report )

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This market research report on IV catheters, needles, and syringes market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by product (syringes, needles, and intravenous catheters), by end-users (hospitals and clinics, diagnostic centers and ASCs, and individuals), by distribution channel (online and retail), and geography (APAC, Europe, North America, and ROW).

IV Catheters, Needles, and Syringes Market - Overview

The increasing incidences of trauma (accidents and burns) cases, the prevalence of chronic diseases, and cases of hospital-acquired infections is attributing to the growth of the global IV catheters, needles, and syringes market. Needles and syringes are used for administration of insulin, drawing blood samples, and drawing fluid samples in the medical sectors. The disposable nature of these medical devices protects patients from severe infections and medical disorders such as human acquired immunodeficiency (HIV) syndrome. The growing application of these medical needles for surgical procedures and therapeutic applications will boost the demand for these medical devices in the global market. The development of the medical infrastructure and healthcare sector in emerging countries will attribute to the revenues of this market globally. Additionally, the advent of medical tourism in developing countries of APAC will have a positive impact on the growth of this market over the next few years.

The increasing awareness about the self-management of diseases and good health practices is driving the growth of the market worldwide. The lucrative reimbursement policies offered by the regulatory bodies in developing economies such as the US and the UK will boost the adoption of these medical devices in these regions. The global IV catheters, needles, and syringes market are anticipated to generate revenues of more than $48 billion by 2023 and are estimated to grow at a CAGR of over 8% during the forecast period.

Global IV Catheters, Needles & Syringes Market Size in Revenue

Global IV Catheters, Syringes & Needles Market Analysis

IV Catheters, Needles, and Syringes Market - Dynamics

The increasing collaboration between the government and private medical companies will propel the growth of the global IV catheters, needles, and syringes market. The new emerging trend of public-private partnerships will help the expansion of the private sector in the emerging economies such as India. The establishment of these contractual partnership between the government and private sector will enable the expansion of the healthcare sector and promote the development of innovative medical devices in the global market. For instance, the Swedish Lifesciences and Healthcare Platform were established to the Swedish model of healthcare and best practices in India. These partnerships services as the key interface between various private and public stakeholders in the Swedish and India healthcare system.

IV Catheters, Needles, and Syringes Market - Segmentation

This market research report includes a detailed segmentation of the market by products, end-users, distribution channel, and geography.

Segementation of Global IV Catheters, Needles & Syringes Market

Segementation of Global IV Catheters, Needles & Syringes Market

IV Catheters, Needles, and Syringes Market – By Products

Syringes are the most popular product in the global IV catheters, needles, and syringes market

The global IV catheters, needles, and syringes market by product is segmented into syringes, needles, and intravenous catheters. Syringes dominated the majority market share in the global market in 2017 and are projected to grow at a CAGR of around 9% during the forecast period. The sub-categories of this segment consist of sterilizable and disposable syringes. The disposable syringes are gaining immense traction in the global market and is estimated to dominate the market share in this segment over the next few years. The use of disposable syringes in medical facilities minimizes the risk of hospital-acquired infections and other contamination that compromises patient safety. The implementation of safety guidelines issued by the healthcare systems worldwide will boost the adoption of these disposable syringes in the global market. The introduction of safety, pre-filled syringes, and auto-injection systems will revolutionize the healthcare sector during the forecast period.

IV Catheters, Needles, and Syringes Market – By End-Users

Hospitals and Clinics to occupy the largest IV catheters, needles, and syringes market size during the forecast period

The end-user segment in the global IV catheters, needles, and syringes market is classified into hospitals and clinics, diagnostic centers and ASCs, and individuals. Hospitals and clinics dominated more than half of the total market share in 2017. The extensive use of syringes and needles in hospitals and clinics to draw blood or fluid samples, administering drugs, or for vaccination is driving the growth of this segment in the global market. The growing demand for advanced medical devices and increasing focus on patient safety will boost the adoption of these devices in the hospital and clinics segment in the global market. The implementation of stringent safety guidelines that focuses on the use of safety-engineered needles and syringes in the hospital and clinics segment will reduce risks of patient injuries and negligence of the medical staff.

IV Catheters, Needles, and Syringes Market – By Distribution Channel

Online distribution channels to slowly gain prominence in the IV catheters, needles, and syringes market during forecast period

The global IV catheters, needles, and syringes market by distribution channel is divided into retail and online. The retail segment dominated the majority of the market share in 2017. The retail segment consists of drug stores and pharmacies that help end-users to bulk purchase supplies at discounted rates in the global market. The development of online channels will help initiate the product distribution through OEM network and provide clarity in product selection, speedy delivery, and discounted price offerings. The emergence of major OEM e-commerce portals and online stores such Amazon, eBay, Alibaba, and AliExpress will help vendors reach a wide consumer base and gain a larger market share. The growing popularity of these channels through increased advertisements on social media sites will encourage more end-users to use this channel of distribution in the global market during the forecast period.

IV Catheters, Needles, and Syringes Market – By Geography

North America to occupy the largest IV catheters, needles, and syringes market size during the forecast period

North America dominated the total market share in 2017 and is projected to grow at a CAGR of more than 8% during the forecast period. The increasing adoption of advanced equipment and technology for healthcare services is contributing to the growth of the market in North America. The US and Canada are the largest revenue generator in the North American market. The rising incidence of chronic diseases and an efficient distribution network of medical devices are some of the factors boosting the demand for these devices in the North American market. The establishment of Safe Injection practices under standard precautions help to prevent disease transmission from needles, syringes, or multi-dose vials. Such regulations will transform the healthcare industry in North America.

Key Countries Profiled

The key countries profiled in the report are:

  • US
  • Canada
  • Germany
  • UK
  • China
  • India

Key Vendor Analysis

The global IV catheters, needles, and syringes market are moderately fragmented with the presences of various international players. The rapid technological advances and continual product upgrades will intensify the competition in the global market. The leading vendors are focusing on launch innovative product portfolio to sustain the competition in the market and gain a larger market share. The stringent safety regulations and increasing number of M&A will further intensify the competition in the global market during the forecast period. The improving economic conditions of countries in APAC and Latin America will encourage companies to expand their businesses to these regions and launch attractive product offerings to gain more end-users.

The major vendors in the global market are:

  • BD
  • B Braun
  • Nipro

Other prominent vendors include Hamilton Company, Teleflex, Catalent, Ulticare, Allison Medical, Artsana, Smiths Medical, Conmed, Retractable Technologies, CODAN Medizinische Geräte GMBH, West Pharmaceutical Services, Vetter, Baxter International, Ypsomed Holding, Cardinal Health, AngioDynamics, RenovoRx, Vigmed, Vygon, APEXMED International, and DELTA MED.

Key market insights include

  1. The analysis of IV catheters, needles, and syringes market provides market size and growth rate for the forecast period 2018-2023.
  2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers about the IV catheters, needles, and syringes market.
  3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
  4. It offers a complete overview of market segments and the regional outlook of IV catheters, needles, and syringes market.
  5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

According to the latest industry analysis by Arizton, the global IV catheters, needles, and syringes market size is expected to reach values of over $48 billion by 2023, growing at an impressive CAGR of more than 8% 2018–2023. The market research report provides in-depth market analysis and segmental analysis of the global IV catheters, needles, and syringes market by products, end-users, distribution channel, and geography.

The global IV catheters, needles, and syringes market are driven by the incidence of chronic diseases and high medical tourism demand in emerging countries. The advent of the online retail market and the dominant presence of online retailers such as Amazon, Alibaba, and eBay offering disposable medical products will transform the global healthcare industry.

Base Year:                  2017

Forecast Year:           2018–2023

The report considers the present scenario of the global IV catheters, needles, and syringes market and its market dynamics for the period 2018−2023. It covers a detailed overview of various market growth enablers, restraints, and trends. It covers the distribution channels (online and retail channels), end-users (hospitals and clinics, diagnostic centers, and ambulatory surgical centers (ASCs), and individuals) under the study elaborating the present market scenario and discussing the futuristic demand in the market for IV catheters, needles, and syringes It also profiles and analyzes the leading major market vendors namely BD, B. Braun, Nipro and other prominent companies operating in the market. The competitive profile segments the top market vendors in individual product segment, providing overall market ranking in the global IV catheters, needles, and syringes market. The report also discussed the future market growth, improvement areas and strategic recommendation for the market vendors.

Major Vendors in the IV Catheters, Needles, and Syringes Market

  • BD
    • Business Overview
    • Business Segment
    • BD in Market
    • Major Product Offerings
    • Key Strengths
    • Key Strategies
    • Key Opportunities
  • B Braun
  • Nipro

 

Prominent Players in the IV Catheters, Needles, and Syringes Market

  • Hamilton Company
    • Business Overview
  • Teleflex
  • Catalent
  • Ulticare
  • Allison Medical
  • Artsana
  • Smiths Medical
  • Conmed
  • Retractable Technologies
  • West Pharmaceutical Services
  • Vetter
  • Baxter International
  • Ypsomed Holding
  • Cardinal Health
  • AngioDynamics
  • Renovorx
  • Vigmed
  • Vygon
  • Apexmed International
  • Delta Med

Market Segmentation by Products

  • Syringes
    • Disposable Syringes
    • Sterilizable Syringes
  • Needles
    • Conventional Needles
    • Safety Needles
  • Intravenous Catheters 
    • Peripheral IV Catheters
    • Closed Integrated Catheters

Market Segmentation by End-users

  • Hospitals and Clinics
  • Diagnostic Centers and ASCs
  • Individuals

Market Segmentation by Distribution Channel

  • Retail
  • Online

Market Segmentation by Geography

  • North America
    • US
    • Canada
  •  Europe
    • Germany
    • UK
  • APAC
    • China
    • India
  • ROW

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