What is the current market size and future outlook for the intravenous therapy and vein access devices market?
The intravenous therapy and vein access devices market size has grown strongly in recent years. It will grow from $30.65 $ billion in 2024 to $33.15 $ billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to growth of hospital facilities, expansion of intensive care units (ICUs), rise in medical R&D, and rise in geriatric population.
The intravenous therapy and vein access devices market size is expected to see strong growth in the next few years. It will grow to $44.69 $ billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to increasing surgical procedures, emergence of biodegradable materials, enhanced infection control measures, rising healthcare expenditure, and rising chronic diseases cases. Major trends in the forecast period include advancements in minimally invasive techniques, advancements in catheter technology, innovation in smart intravenous devices, advancements in ultrasound-guided techniques, and innovation in home healthcare devices.
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How has the intravenous therapy and vein access devices market evolved, and what factors have shaped its growth?
The increasing number of surgical procedures is expected to propel the growth of the intravenous therapy and vein access devices market going forward. The growing demand for elective surgeries, such as cosmetic procedures, plastic surgery, rhinoplasty and other non-essential improving the surgeries market. Intravenous therapy and vein access devices are essential in surgical procedures for administering anesthesia, medications, fluids, and nutrients, ensuring patient stability, and allowing rapid intervention when necessary. For instance, in December 2023, according to the Australian Institute of Health and Welfare, an Australia-based government agency, there were 735,500 patient admissions for surgery from public hospital elective surgery waiting lists in the 2022-23 period, reflecting an 18% increase compared to the previous year, 2021-22. Therefore, the increasing number of surgical procedures drives the growth of the intravenous therapy and vein access devices market.
What are the major segments of the intravenous therapy and vein access devices market?
The intravenous therapy and vein access devicesmarket covered in this report is segmented –
1) By Type: Intravenous (IV) Therapy And Vein Access Implantable Ports, Intravenous (IV) Therapy And Vein Access Intravenous Catheters, Hypodermic Intravenous (IV) Therapy And Vein Access Needles, Intravenous (IV) Therapy And Vein Access Infusion Pumps, Other Types
2) By Application: Volume Expanders, Medication Administration, Blood-Based Products, Nutrition And Buffer Solutions
3) By End Use: Hospitals, Clinics, Ambulatory Surgical Centers
Subsegments:
1) By Intravenous (IV) Therapy and Vein Access Implantable Ports: Single-Lumen Implantable Ports, Double-Lumen Implantable Ports, Triple-Lumen Implantable Ports
2) By Intravenous (IV) Therapy and Vein Access Intravenous Catheters: Peripheral IV Catheters, Central Venous Catheters (CVC), Peripherally Inserted Central Catheters (PICC), Tunneled Catheters
3) By Hypodermic Intravenous (IV) Therapy and Vein Access Needles: Standard Hypodermic Needles, Butterfly Needles, Safety Hypodermic Needles
4) By Intravenous (IV) Therapy and Vein Access Infusion Pumps: Volumetric Infusion Pumps, Syringe Infusion Pumps, Patient-Controlled Analgesia (PCA) Pumps, Ambulatory Infusion Pumps
5) By Other Types: IV Administration Sets, IV Fluid Bags and Tubing, Needleless Connectors, IV Drip Chambers
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Which companies dominate the intravenous therapy and vein access devices market?
Major companies operating in the intravenous therapy and vein access devices market are Cardinal Health Inc., Johnson & Johnson Services Inc., 3M Company, Medtronic plc, Becton, Dickinson and Company, Baxter International Inc., B. Braun Holding GmbH & Co. KG, Fresenius Kabi AG, Terumo Corporation, Mindray Medical International Limited, Moog Inc., West Pharmaceutical Services Inc., ICU Medical Inc., Insulet Corporation, Merit Medical Systems Inc., Avanos Medical Inc., Vygon SAS, NxStage Medical Inc., AngioDynamics Inc., Elcam Medical Inc., Zyno Medical LLC, Sippex
How will evolving trends contribute to the growth of the intravenous therapy and vein access devices market?
Major companies operating in the intravenous therapy and vein access devices market are developing short peripheral intravenous catheters to enhance patient comfort, reduce insertion-related complications, and improve the efficiency of fluid and medication delivery. Short peripheral intravenous catheters provide a quick and efficient means of delivering fluids, medications, and nutrients directly into the bloodstream, minimizing patient discomfort, reducing the risk of infection, and allowing for easy and reliable venous access to various medical treatments. For instance, in October 2023, B. Braun, a Germany-based medical device company, launched the Introcan Safety 2 IV Catheter, a short peripheral intravenous catheter with passive needlestick prevention and a Multi-Access blood control septum. The advanced catheter is designed to enhance clinician safety by providing automatic needlestick protection and a blood control feature that minimizes exposure to bloodborne pathogens every time the hub is accessed.
What are the key regional dynamics of the intravenous therapy and vein access devices market, and which region leads in market share?
North America was the largest region in the intravenous therapy and vein access devices market in 2024. The regions covered in the intravenous therapy and vein access devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Intravenous Therapy And Vein Access Devices Market Report 2025 Offer?
The intravenous therapy and vein access devices market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Intravenous therapy and vein access devices refer to the administration of fluids, medications, or nutrients directly into the bloodstream using tools such as catheters and needles for accessing veins. These devices are essential in medical treatments for hydration, medication delivery, blood transfusions, and nutrition, enabling precise and continuous care in various healthcare settings.
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