IV Tubing Sets and Accessories Market

IV Tubing Sets and Accessories Market Overview (2024 to 2034)

The global IV tubing sets and accessories market is expected to be worth US$ 1,206.4 million in 2024. The market is likely to rise at a CAGR of 3.8% from 2024 to 2034. The market is predicted to reach a valuation of US$ 1,750.5 million by 2034.

Key Market Growth Drivers

• The rising global rate of cancer treatment is predicted to boost market expansion.
• The growing demand for disposable IV tubing sets and accessories due to concerns over infections and cross-contamination is also driving the market's growth.

Report Attributes	Details
Estimated Market Value (2024E)	US$ 1,206.4 million
Forecasted Market Value (2034F)	US$ 1,750.5 million
Global Market Growth Rate (2024 to 2034)	3.8% CAGR
Primary IV Tubing Sets Segment Growth Rate (2024 to 2034)	4.2% CAGR
North America Market Share (2024)	30.1%
East Asia Market Share (2024)	13.7%
Key Companies Profiled	C.R. Bard, Inc. ICU Medical Inc. Nipro Corporation Poly Medicure Ltd. Health Line International Corporation Baxter International Inc. Hospira Inc. (Pfizer Inc.) Becton, Dickinson Company (CareFusion) B. Braun Melsungen AG Fresenius Kabi AG Smiths Medical Zyno Medical Vygon Perfect Medical Ind. Co. Ltd

What Factors Have Contributed to An Increase in Global Demand for IV Tubing Sets and Accessories?

“Rising Rate of Cancer Treatment is Expected to Drive the Growth of the Market”

IV tubing sets and accessories are crucial in cancer treatment because they deliver medications and fluids directly into the patient's bloodstream. IV tubing sets and accessories in cancer treatment are essential as they help administer chemotherapy drugs, blood transfusions, and other supportive therapies.

These products are designed to provide a safe and reliable delivery of medications and fluids, which is critical in the treatment of cancer. With the increasing incidence of cancer worldwide, the demand for IV tubing sets and accessories is expected to grow significantly.

The growing geriatric population, rising prevalence of chronic diseases, and increasing number of surgeries are also expected to drive the market growth. Moreover, technological advancements such as the development of smart IV tubing sets and accessories with features like wireless connectivity and automatic data recording are also expected to contribute to the market growth.

“Increasing Prevalence of Malnutrition is Anticipated to Create Lucrative Opportunities for the Market.”

The increasing prevalence of malnutrition, especially in underdeveloped and developing countries, is expected to drive the demand for IV tubing sets and accessories. Malnutrition can lead to several health complications, such as a weakened immune system, a slow healing process, and an increased risk of infection.

This has led to an increased demand for parenteral nutrition therapy, which involves the administration of nutrients directly into the bloodstream through intravenous therapy. IV tubing sets and accessories play a crucial role in delivering parenteral nutrition therapy by providing a safe and efficient route of administration.

Which Factor Hindering the growth of the IV tubing sets and accessories Demand?

“Stringent Regulatory Requirement for Developing Innovative Products Is Expected to Hinder the Market Growth”

The regulatory requirements for introducing novel products in the IV tubing sets and accessories market are strict, which can be a major challenge for manufacturers. These regulations are in place to ensure that all products are safe and effective for use in medical settings, and they require extensive testing and documentation to demonstrate compliance.

As a result, manufacturers must invest significant time and resources into the development and testing of new products, which can be a considerable barrier to entry for smaller companies. Additionally, the regulatory process can be lengthy and complex, which can delay the introduction of new products to the market.

Country-wise Insights

In line with expanding regional sales, the IV tubing sets and accessories market finds most of its consumer base in North America and East Asia. In 2024, North America is estimated to account for 30.1% of the global market. From 2024 to 2034, the region's market is expected to rise at a moderate CAGR of 3.3%, with a market share of 28.7% at the end of the decade.

East Asia is the other region with a significant share of the market. In 2024, East Asia's share is predicted to be 13.7%. During the projection period, East Asia's market is expected to rise at a moderate 4.3% CAGR, with the region retaining 14.4% through 2034.

What Factors Influence the United States IV tubing sets and accessories Market's Continued Growth?

“Rising Adoption of Advanced Healthcare Technologies in the United States Is Anticipated to Fuel Market Growth during the Forecast Period.”

The value of the IV tubing sets and accessories market in the United States for 2024 is estimated to be US$ 295 million. Over the forecast period, the market is expected to register an encouraging CAGR of 3.3% in the country, reaching a value of US$ 410 million by 2034.

The IV tubing sets and accessories market in the United States is expected to grow rapidly in the coming years due to the increasing adoption of advanced healthcare technologies. These technologies provide more efficient and effective treatment options, particularly in critical care settings such as hospitals and intensive care units.

The IV tubing sets and accessories market includes products such as infusion pumps, catheters, and connectors, which play a critical role in delivering medications and fluids to patients. The demand for these products is increasing due to the rising prevalence of chronic diseases and the growing aging population in the United States.

Why is Japan Emerging as a Significant Growth Market for the IV Tubing Sets and Accessories Market across the Country?

“Growing Minimal Invasive Surgeries and Increasing Prevalence of Chronic Diseases in Japan”

Japan is one of the major markets for IV tubing sets and accessories in the Asia-Pacific region. The country has a high demand for advanced IV administration sets, owing to the rising need for minimally invasive procedures and the increasing prevalence of chronic diseases. The Japanese government has been taking initiatives to improve the healthcare infrastructure in the country, which is expected to boost the adoption of IV tubing sets and accessories.

Another factor driving the growth of Japan's IV tubing sets and accessories market is the increasing geriatric population. Japan has one of the largest aging populations in the world, which is expected to increase the demand for IV therapy in the country. Additionally, several key players in the region are expected to propel the market's growth.

Category-wise Insights

Based on product type, the primary IV tubing sets segment is expected to account for 29.4% of the market share in 2024.

Why do Primary IV Tubing Sets Dominate the IV Tubing Sets and Accessories Market?

“Increasing Demand for Versatile IV Tubing Sets”

The primary IV tubing sets segment is expected to contribute 29.4% of the market share by product type in 2024. The laboratories are anticipated to witness a rise in demand for IV tubing sets and accessories at a CAGR of 4.2% through 2034.

A rapid and effective way to deliver medications and fluids to patients, primary IV tubing sets are also highly versatile and can be used in various medical settings. They are commonly used in emergency departments, ICUs, operating rooms, and other healthcare facilities. One of the key advantages of primary IV tubing sets is their ability to deliver accurate doses of medication.

Manufacturers design these to be precise and consistent, which helps to prevent medication errors and ensures that patients receive the appropriate amount of medication. Primary IV tubing sets can be quickly and easily connected to IV bags and other medical devices, which streamlines the process of delivering medication and fluids to patients.

Competitive Landscape

Some of the prominent companies in the IV tubing sets and accessories industry are Baxter International Inc., Hospira Inc. (Pfizer Inc.), Becton, Dickinson Company (CareFusion), B. Braun Melsungen AG, and Fresenius Kabi AG. These companies are constantly striving to develop innovative products and expand their market reach through partnerships, collaborations, mergers, and acquisitions.

• In 2022, Ivenix, Inc. announced that it had entered into a legally binding contract to be purchased by Fresenius Kabi. Combining Ivenix's innovative infusion system with Fresenius Kabi's intravenous fluids and infusion therapy alternatives will give American hospitals access to various infusion goods.

Segmentation of IV Tubing Sets and Accessories Market Research

• By Product Type :

  • Primary IV Tubing Sets
  • IV Extension Sets
  • Secondary IV Tubing Sets
  • IV Infusion Set with Flow Regulator
  • Filtered IV Tubing Sets
  • Non-Vented IV Tubing Sets
  • Vented IV Tubing Sets
  • IV Tubing Accessories

• By Application :

  • Peripheral Intravenous Catheter Insertion
  • Central Venous Catheter Placement
  • PICC Line Insertion

• By End User :

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialized Clinics
  • Skilled Nursing Facilities
  • Long Term Care Centers
  • Others

• By Age Group :

  • Pediatric
  • Adult
  • Geriatric

• By Region :

  • North America
  • Europe
  • Latin America
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa