Chicago, IL -- (SBWIRE) -- 06/30/2017 -- According to the report, "Intravenous (IV) Therapy and Vein Access Market, by Product (Implantable Ports, Intravenous Catheters, Hypodermic Needles, Infusion Pumps), Application (Volume Expanders, Medication Administration, Blood-based Products, Nutrition &Buffer Solution) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", the market for intravenous (IV) therapy and vein access is expected to grow at a healthy Compound Annual Growth Rate (CAGR) during the forecast period.

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The global market for intravenous and vein access devices encompasses a variety of devices such as peripheral venous access, central venous access, ambulatory infusion, enteral feeding, syringe infusion, implantable pumps and diabetes insulin infusion devices. These devices are used for intravenous administration of drugs, fluid infusion, blood sampling, venous pressure monitoring, blood and transfusion. Implantable ports, catheters, syringes, needles and needless connectors are examples of various intravenous therapy and vein access devices. Some of the commercially available products are Patrol Enteral Feeding Pump and Pump sets by Abbott Nutrition and Omni Pod Insulin Pump by Insulet Corporation.

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KEY PREMIUM INDUSTRY INSIGHTS

1. The prevalence of diabetes, increasing rates of road accidents and increasing number of surgical procedures is expected to drive the intravenous therapy and vein access devices market in coming six years. Increasing demand for advanced techniques such as needleless administration of drugs is also a vital driver for this market.

2. Every day many healthcare workers handle drugs in hospitals and other healthcare centers. In spite of precaution measures availability, there remains risk of exposure to these drugs during procedures. Such exposures may occur through, ingestion, absorption, accidental inhalation or dermal contact of minimal amount of these drugs which may lead to variety of health problems.

3. Overcoming all these issues to ensure a safe IV therapy additionally drives the growth for this market. The IV therapy and vein access devices are used for fluid infusion, blood transfusion, administration of drugs, venous pressure monitoring and blood sampling.

Geographically, North America accounted for the highest share of the market in 2016, followed by Europe. Conversely, Asia-Pacific is anticipated to grow at the highest rate regionally during the analysis period, due to increase in pool of patient population, rise in prevalence of road accidents, surge in trauma cases, and increase in government investments for the development of better healthcare facilities and R&D activities. Asia-Pacific is expected to emerge as the area with maximum growth potential due to the focus of key players in the emerging economies and improvement in healthcare infrastructure.

KEY MARKET PLAYERS

Key players in the intravenous (IV) therapy and vein access market include:

1. BECTON, DICKINSON AND COMPANY
2. B.BRAUN MELSUNGEN AG
3. TERUMO MEDICAL CORPORATION
4. TELEFLEX MEDICAL INC.
5. MEDTRONIC INC.
6. SMITH & NEPHEW PLC.
7. ANGIODYNAMICS, INC.
8. PFIZER INC.
9. INSULET CORPORATION
10. FRESENIUS SE & CO. KGAA

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