Intravenous Access Devices Market
Intravenous access devices are utilized by physicians to deliver medication to the patient’s blood stream through the intravenous route. An intravenous access device can also withdraw the blood for testing or diagnosis.
An intravenous access device prevents 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. Moreover, it can also be used in cases of dehydration.
Additionally, intravenous access devices are used for administering treatments for chronic diseases such as diabetes, cancer, cardiovascular disorders, with acute infectious diseases which is favoring the growth of the intravenous access devices market. Moreover, urbanization and the growing geriatric population all over the world is expected to boost the growth of the intravenous access device market.
Market Dynamics
Rising incidence of cardiovascular disease due to increase in prevalence of diabetes, high blood pressure and number of smokers worldwide is expected to drive demand for intravenous access device across 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 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 devices are the other factors leading to the growth of the intravenous access device market in developed as well as emerging economies.
As per United Nations Population Fund, people in the age group of 60 years and above accounted for 12.3% of the global population in 2015, which is expected to increase to 22% by 2050. The factors behind aging population in developed regions are healthcare services, easy access of healthcare facilities, better nutrition, sanitation, and economic development.
Key features of the study
Market Segmentation
Table of Contents
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