The global intravenous access devices market size was valued at US$ 39,834.8 million in 2019, and is expected to witness a CAGR of 6.7% over the forecast period (2019 – 2027).
Increasing launch of new devices is expected to drive growth of the global intravenous access devices market
The intravenous access devices market is expected to witness growth over the forecast period owing to launch of new devices. For instance, in 2017, Access Scientific LLC, an infection prevention company which offers vascular access devices designed to reduce the risk of vascular device-related complications launched the new POWERWAND ED, a rapid venous access device.
Furthermore, in 2016, B. Braun Medical Inc. introduced STEADYCare Extension Set with Wedge Catheter Stabilizer to improve stabilization and reduce catheter-related complications.
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