Portland, OR -- (SBWIRE) -- 02/16/2018 -- Intravenous access devices are used for administering all the classes of drugs like antibiotics, antipyretics and analgesics. Rising incidences of different diseases such as tuberculosis, cancer and others are the key drivers of this market. Moreover, urbanization and growing geriatric population all over the world boost the growth of the Intravenous (IV) Access Devices market.

Growing development of new vaccines and use of advanced technology to design new products are another driver for the market. However, lenient government regulations for approving Intravenous (IV) insulin infusion pumps and risks associated with using needles are the major restraints of this market. Furthermore, rise in the number of patients and increased disposable incomes among emerging countries are the key opportunities for this market.

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Global Intravenous Access Devices Market Analysis by Product

On the basis of its types, an intravenous access devices market is segmented into Intravenous Catheters, Intravenous Infusion Pumps and Intravenous Needles. It is further subcategorized by the type of products. Intravenous catheters are one of the promising segments of Global Intravenous access devices market and it is expected to grow at healthy CAGR due to the rising incidences of diseases such as tuberculosis and cancer and the growing geriatric population worldwide.

HIGH LEVEL ANALYSIS

Analysis of the market based on Porter's Five Force model suggests that the bargaining power of the supplier is high as the patient pool is growing and these devices are used for many treatments and for diagnosis purposes. Threat of new entrants is low as the capital investment required for this market is high. Growth in the IV access device market and rise in target diseases has increased the demand for these devices for consistent disease monitoring. This has shaped the platform for leading companies to gain more competencies in the market.

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KEY BENEFITS

- The market is segmented by type of product, which would enable a deeper understanding of the scope for this market.
- Geographic segmentation would enable stakeholders to make region specific plans for growth in untapped regions.
- Analysis provides an overview of the market like its drivers, opportunities and restraints. Moreover, Porter's Five Force Model and SWOT analysis are strategically discussed for the global intravenous access devices market.
- The analysis assists in understanding the strategies adopted by the companies for the growth of the intravenous access devices market.

KEY DELIVERABLES

The market is segmented into products and geographies as follows:

BY PRODUCT

- Intravenous Catheters
o Midline Peripheral Catheter
o Central Catheters
? Centrally Inserted Catheters
? Midline Peripheral Catheters

- Intravenous Infusion Pumps

o Parenteral Feeding Infusion Pumps
o Intravenous Insulin Infusion pumps
o Intravenous Syringe Infusion Pumps
o Intravenous Patient Controlled Analgesia (PCA) Infusion Pumps
- Intravenous Needles