Intravenous Equipment Market to Reach $4.9 billion by 2010, According to New Report by Global Industry Analysts, Inc.
Driven by the trend towards 'smart' infusion pumps, the market for intravenous equipment is expected to reach about US$4.9 billion by 2010. Increasing concerns over patient/worker safety, accidental needlestick injuries and adverse drug events, are propelling demand for smart pumps.
San Jose, CA (PRWEB) July 26, 2007
Intravenous equipment enables the delivery of medications directly into the patient's circulatory system. Safety issues involving contamination during infusion therapy, complacency of hospitals & compromised worker/patient safety, accidental needlestick injuries, and an alarming number of medical error related deaths garnered significant industry attention. Thanks to technology advances, the development of smart infusion systems signaled a dramatic change in the way intravenous therapy was delivered. These are highly specialized gadgets that allow electronic measuring of medication, and enable administration of controlled doses of medication at precise rates. Modern equipment such as electronic, and disposable infusion pumps are more intelligent, smarter, and effective. High-end functionality features such as optimum patient control, infection control, and remote programming are highly preferred.
United States is the largest market worldwide, worth an estimated US$2.3 billion in 2007, as stated by Global Industry Analysts, Inc. Europe is the second largest regional market followed by Japan at third position. Europe and the US together account for about 80 percent of the global intravenous equipment (http://www. strategyr. com/MCP-3337.asp) market. The global and regional markets are expected to register CAGRs ranging between 4% and 6%. The intravenous catheters (http://www. strategyr. com/MCP-3337.asp) market is estimated to be worth US$1.48 billion in 2007. PICC market is expected to grow at a compounded annual rate of 6.3% through 2010. The market for intravenous pumps and sets (http://www. strategyr. com/MCP-3337.asp) is projected to reach a value of US$3.3 billion by 2010.
The global marketplace is relatively concentrated and characterized by several well-established players. Market participants include Arrow International, Baxter International, Becton, Dickinson and Company, B. Braun AG, Cardinal Health, C. R. Bard, Disetronic, Excelsior Medical Corp, Fresenius Kabi, Hospira Inc, Kendall Co, Medical Technology Products, Medtronic, Moog, Smiths Medical MD Inc., Advanced Neuromodulation Systems, Animas Corp, Baxa Corp, Breg, I-Flow Corp, Infusion Dynamics, Sgarlato Labs, Sigma International, Tandem Medical, Terumo Corp, Arcomed, Codan Argus, and Universal Medical Technologies.
"Intravenous Equipment: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, challenges, product profile, players, competition, technological developments, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Asia, Latin America and rest of world countries. Analytics are provided in terms of product segments including Intravenous Catheters (Single Lumen Catheters, Multi-Lumen Catheters, and Peripherally Inserted Central Catheters), and Intravenous Infusion Pumps and Sets.
For more details about this research report, please visit www. strategyr. com/MCP-3337.asp (http://www. strategyr. com/MCP-3337.asp).
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. strategyr. com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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