subject: Global Market For Intravenous (iv) Therapy And Vein Access To Be Worth $11.2 Billion In 2014 [print this page] Intravenous (IV) Therapy and Vein Access: Global Markets
The global market for intravenous therapy and vein access is expected to be valued at an estimated $8.8 billion in 2009, but will increase to $11.2 billion in 2014, for a 5-year compound annual growth rate (CAGR) of 5%. ( http://www.bharatbook.com/detail.asp?id=149459&rt=Intravenous-IVTherapy-and-Vein-Access-Global-Markets.html )
The largest segment of the market, made up of peripheral venous access devices, is projected to reach $2.2 billion in 2014, after increasing at a CAGR of 5.3% from its 2009 value of $1.7 billion.
The segment made up of ambulatory infusion pumps, which is the second-largest, was valued at $1.5 billion in 2009, and is projected to increase at a CAGR of 3.7% to reach more than $1.8 billion by 2014.
The third-largest segment is made up of enteral feeding pumps. Its 5-year CAGR is projected to be 5.1%, increasing in value from $1.2 billion in 2009 to nearly $1.6 billion in 2014.
The segment made up of syringe infusion pumps is expected to grow at a 4.8% rate, from $1.1 billion in 2009 to $1.4 billion in 2014.
The segment that includes diabetes insulin-infusion pumps was valued at $1.1 billion in 2009 and is expected to rise at a CAGR of 8.1% to reach more than $1.6 billion in 2014.
Manufacturers of IV therapy and vein-access devices are incorporating new technology and capabilities into their equipment to help providers meet a growing demand for greater medication delivery safety. Infusion pump companies are specifically focused on the development of smart-pump technology. In recent years, alternative site infusion providers have indicated that they are once again evaluating new equipment and looking to replace their existing infusion technologies. This renewed interest, along with recent recalls of pumps in the market, has again opened up opportunities for new infusion pump manufacturers and their technologies.
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