U.S. IV INFUSION PRODUCTS MARKET ANALYSIS

U.S. IV Infusion Products Market, by Product Type (Cannulation (Needles and Catheter), IV Infusion Pump (Gravity Infusion Devices, Volumetric Pump, Syringe Pump, and Others), Infusion Lines (Set) (Gravity IV Set, Gravity IV Set W/Needle Free Connector, and Pump IV Set), and Others), by Stop Cock Type (3 Way Stopcock, Vacuum Stopcocks, Burette Stopcocks, and Others), by Needle Free Connector (Standalone Connectors and Needle-free Extension Sets), by Infusion Site (Peripheral IV, Medline IV, and Central IV), by Application (Pain Management, Antibiotic/Antiviral, Chemotherapy, and Others), and by End User (Ambulatory Surgical Centers, Clinics, Home Care Settings, Hospitals, and Others) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published In : Oct 2021
Code : CMI4700
Pages :245
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

U.S. IV Infusion Products Market – Restraints

Complications associated with using IV route and IV infusion products is expected to hamper growth of the U.S. IV infusion products market. For instance, according to the article published in the International Journal of Pharmaceutical Studies and Research, 2017, there are many disadvantages associated with administration of drugs through IV route and use of IV products such as pain is felt at the site of injections, extravasation of some drugs can cause injury, necrosis, and sloughing of tissues and severe adverse effect especially when organs such as liver, heart, brain are involved in toxicity.

Impact of COVID-19 on Demand and Supply of IV Infusion Products

The COVID-19 pandemic and lockdown in various countries across the globe have impacted the financial status of businesses across all sectors including private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry mainly due to strict lockdown in several regions. The COVID-19 pandemic has affected the economy of various regions across the globe in three main ways; 1) by directly affecting the production and demand; 2) by creating disruptions in distribution channels; and 3) through its financial impact on companies and financial markets. Many countries such as Thailand, Indonesia, and Singapore are facing problems with regards to transportation and distribution of healthcare products. However, the coronavirus (COVID-19) pandemic is expected to drive growth of the U.S. IV infusion products market during the forecast period, owing to increasing demand for infusion pumps in COVID-19 patients. For instance, according to Flex Ltd., a multinational electronics contract manufacturer, Singapore, as COVID-19 patients began to fill hospital intensive care units (ICU), infusion pump demand quickly surged. A flood of orders was sent to suppliers, putting pressure on them to manufacture even more. Flex's Timisoara, Romania, facility had been producing infusion pumps for many years, however, in 2020, during the COVID-19 pandemic, the team had to manufacture five times as many infusion pumps, in order to cater to the rising demand.