Portland, OR -- (SBWIRE) -- 06/26/2017 -- Intravenous Access Devices are a prominent sector of the Healthcare industry. These devices are used by physicians for treating patients as well as testing blood after withdrawing it via intravenous route. 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.
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The key companies profiled in this report are Becton, Dickinson & Company, B. Braun Melsungen AG, Teleflex Incorporated, Medtronic, Inc., Smiths Medical, Hospira, Inc., Covidien Plc, Fresenius Medical Care AG & Co., CareFusion Corporation and Baxter International. The key developmental strategies for these companies are improving medication management, lowering the cost of their products, lowering the risk of infection and partnering with their customers in healthcare industries.
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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The market is segmented into products and geographies as follows:
- Midline Peripheral Catheter
- Central Catheters
Centrally Inserted Catheters
Midline Peripheral Catheters
Intravenous Infusion Pumps
- Parenteral Feeding Infusion Pumps
- Intravenous Insulin Infusion pumps
- Intravenous Syringe Infusion Pumps
- Intravenous Patient Controlled Analgesia (PCA) Infusion Pumps
- North America
- Asia Pacific