IV Infusion Pump Accessories Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

IV infusion pump accessories market is witnessing robust growth and is poised to reach significant valuation milestones by the end of the forecast period. With an expected steady rise, fueled by increasing incidences of chronic diseases and a growing demand for advanced medical devices, the market is projected to reflect substantial growth by the end of the assessment period.

Steady Growth Trajectory:

The global IV infusion pump accessories market has exhibited consistent expansion, indicating a promising outlook for the future. In 2024, the market stood at approximately US$ 26 Bn and is estimated to register a Compound Annual Growth Rate (CAGR) of 5.4% throughout the forecast period 2024-2031.

Driving Factors:

The increasing prevalence of life-threatening chronic diseases has propelled the demand for infusion systems worldwide. As a result, the direct and indirect costs associated with smart infusion solutions are expected to escalate over time. Advanced products such as syringe infusion pumps, ambulatory infusion pumps, elastomeric infusion pumps, and MRI-compatible infusion pumps have demonstrated significant potential in reducing dosage errors and enhancing patient outcomes.

Moreover, governments in developed countries are actively funding research and development activities to develop cost-effective IV infusion pumps and efficient medical devices like ambulatory pumps, MRI-compatible equipment, and software.

Segment Insights:

IV Infusion Sets Segment:

The IV infusion sets segment is expected to experience the most robust growth rate throughout the forecast period, showing remarkable potential. Despite its rapid expansion, this segment presently holds a comparatively lower market value compared to others. Nevertheless, it is positioned to achieve substantial growth, indicating promising opportunities for market expansion.

IV Infusion Lines Segment:

The IV infusion lines segment is anticipated to demonstrate heightened revenue generation in the upcoming years. It held the position of the second-largest segment in terms of value within the specified timeframe, but it is expected to surpass other segments in valuation by the end of the forecast period. Technological advancements and increasing adoption rates are the primary drivers of growth for this segment, solidifying its importance in the global IV infusion pump accessories market.

IV Catheters Segment:

Historically, the IV catheters segment has been a dominant force in the global market. This trend is expected to continue until 2031. However, a decline in sales momentum is foreseen in that year, allowing the IV infusion lines segment to overtake it by the end of the assessment period. The IV catheters segment is predicted to grow at a moderate rate, while the IV infusion lines segment is expected to experience a relatively higher growth rate throughout the forecast period.

Key Companies

• B. Braun Melsungen AG.
• Becton, Dickinson Company
• Fresenius Kabi AG
• Terumo Corporation
• Medtronic Plc.
• Baxter International Inc.
• Hospira, Inc.
• Zyno Medical
• Nipro Corporation
• Smiths Medical
• Others.

Market Segmentation

By Product Type

• IV Infusion Sets
• IV Infusion Lines
• IV Catheters
• IV Cannulas
• Needleless Connectors

By End User

• Hospitals
• Homecare Settings
• Ambulatory Surgical Centers
• Diagnostic Centers
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific (APAC)
• Middle East and Africa (MEA)

This product will be delivered within 1-3 business days.