Intravenous Surgical Devices Market was valued at USD 15 Billion in 2022 and is projected to reach USD 25 Billion by 2030, growing at a CAGR of 7% from 2024 to 2030.
The intravenous IV surgical devices market plays a pivotal role in modern healthcare facilitating the administration of fluids medications and nutrients directly into a patient's bloodstream. This article delves into the current state of the IV surgical devices market examining key trends challenges and future projections to provide a comprehensive understanding of this critical sector.
Intravenous surgical devices encompass a range of medical instruments designed for the insertion and maintenance of intravenous access. These devices include:
IV Catheters: Tubes inserted into veins for fluid and medication delivery.
IV Sets: Assemblies connecting catheters to fluid sources.
Infusion Pumps: Devices controlling the flow of fluids into the body.
Needleless Connectors: Components allowing for safe medication administration without needles.
These tools are essential in various medical settings including hospitals clinics and home healthcare environments.
The global intravenous surgical devices market has experienced significant growth driven by factors such as an aging population increasing prevalence of chronic diseases and advancements in medical technology. According to a report by Grand View Research the intravenous catheters market is projected to reach USD 13.07 billion by 2030 registering a compound annual growth rate CAGR of 6.0% from 2025 to 2030.
Several trends are shaping the intravenous surgical devices market:
Smart Infusion Technology: The integration of smart features in infusion pumps such as dose calculation wireless connectivity and real time monitoring is a significant trend in the market. Smart infusion systems improve safety reduce medication errors and enhance workflow efficiency.
Home Based Infusion Therapy: The growing trend towards home based healthcare and the self administration of medications drive the demand for portable and user friendly intravenous equipment. This includes the development of compact infusion pumps and remote monitoring systems.
Minimally Invasive Procedures: The market is witnessing an increasing preference for minimally invasive procedures that require intravenous access. This drives the demand for specialized catheters needleless connectors and other IV equipment designed for safe and efficient delivery.
Integration of Digital Health Solutions: The integration of intravenous equipment with digital health solutions such as electronic health records EHRs and telemedicine platforms allows for remote monitoring data collection and real time communication between patients and healthcare providers.
Despite its growth the intravenous surgical devices market faces several challenges:
Supply Chain Disruptions: Events like natural disasters and geopolitical tensions can disrupt the supply of critical components leading to shortages and delays. For instance a hurricane related shortage of IV fluids in 2024 impacted hospitals' ability to perform non urgent surgeries.
Regulatory Hurdles: Navigating the complex regulatory landscape across different regions can delay product development and market entry. Compliance with stringent standards is essential but can be resource intensive.
Cost Pressures: Healthcare providers are under constant pressure to reduce costs which can impact the adoption of advanced intravenous devices that may be more expensive than traditional alternatives.
Recent developments in the intravenous surgical devices market include:
Teleflex's Financial Performance: In October 2024 Teleflex reported a better than expected profit for the third quarter driven by strong demand for its medical devices particularly for non urgent procedures among older adults. The company's revenue rose by 2.4% to $764.4 million.
Stryker's Acquisition of Inari Medical: In January 2025 Stryker agreed to acquire Inari Medical in an all cash transaction valued at $4.9 billion. This acquisition aims to enhance Stryker's portfolio for treating venous thromboembolism and other vascular diseases.
Teleflex's Revised Profit Forecast: In August 2024 Teleflex raised its annual profit forecast for 2024 driven by steady demand for medical devices required for surgical procedures in hospitals. The company increased its profit outlook to $13.80 $14.20 per share.
The intravenous surgical devices market exhibits regional variations influenced by factors such as healthcare infrastructure economic conditions and disease prevalence:
North America: Dominates the market with the highest revenue share attributed to a high incidence rate of neurological diseases infections and urological diseases.
Europe: Exhibits steady growth driven by advancements in medical technology and an aging population.
Asia Pacific: Expected to witness significant growth due to improving healthcare infrastructure and increasing healthcare expenditure in countries like China and India.
The intravenous surgical devices market is poised for continued growth driven by technological advancements an aging global population and increasing healthcare needs. Innovations such as smart infusion systems and needle free blood collection devices are expected to enhance patient safety and treatment efficacy. However addressing challenges like supply chain disruptions and regulatory complexities will be crucial for sustained market expansion.
In conclusion the intravenous surgical devices market is a dynamic and essential component of modern healthcare. Stakeholders must navigate its complexities to leverage opportunities and mitigate challenges ensuring the delivery of safe and effective patient care.
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Medtronic Plc
BD
Cardinal Health
Terumo Corporation
Teleflex Incorporated
Boston Scientific Corporation
Optimed Medizinische Instrumente GmbH
Cook
B. Braun Melsungen AG
Abbott Laboratories
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Intravenous Surgical Devices Market
Hospitals
Ambulatory Surgical Centers
Specialty Clinics
Others
Based on Types the Market is categorized into Below types that held the largest Intravenous Surgical Devices market share In 2023.
Venous Stents
Catheters
Guidewires
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Intravenous Surgical Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Intravenous Surgical Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Intravenous Surgical Devices Market, By Type
6. Global Intravenous Surgical Devices Market, By Application
7. Global Intravenous Surgical Devices Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Intravenous Surgical Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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