A Brief Explainer on the Different Components of Intravenous Equipment and Their Functions

Intravenous medication is a type of medical therapy which includes administrating nutrients, fluids, blood, or other medication directly into the patient’s veins. Intravenous therapy is primarily used in cases wherein the patient, due to multiple reasons, is unable to consume nutrients through mouth. The equipment used for this medical therapy is known as intravenous equipment.

Important components of intravenous equipment

Since intravenous therapies are commonly used for different purposes, elaborate intravenous equipment has come up in the market which serves the purpose of intravenous therapy perfectly. The most basic component of intravenous equipment is an IV catheter. IV catheters are flexible tubes that are so thin that they can pass through veins. The design is made in this way so that they can be inserted into veins and fluids can then be passed through them. IV catheters are primarily of two types- tunneled and non-tunneled. Another important component is the IV pump which helps in pumping fluids through the catheter into the veins. Numerous different types of IV pumps have been launched such as peristaltic pumps, enteral pumps, elastomeric pumps, etc.

Apart from these two main components, a typical IV equipment set includes connectors which connect different tubes and catheters, along with syringes and needles. Also, IV equipment contains solution bags and containers which hold the fluid or nutrients which are to be administered. These bags are suspended on IV poles which provide stability to the entire setup.

Growth drivers of the market

A recently published report by Allied Market Research has thrown some light on the intravenous equipment market and taken cognizance of some of the important growth drivers of the market. Increase in the prevalence and incidence of chronic diseases across the globe is predicted to be one major factor which will help the market to garner huge revenue in the coming period. Also, demographic changes across the world and growing proportion of geriatric population across the world is projected to take the growth rate of the market higher.

Moreover, technological advancements in the healthcare sector, in general, and IV equipment, in particular, will help the market to push its growth rate further. In the last few decades or so, the overall trust in surgical procedures has increased considerably due to the innovations in the medical sector. As a result, the number of surgical procedures being done has increased with each passing year, which has increased the demand for IV equipment. All these factors, as per the report, will help the market to grow at a CAGR of 5.9% in the 2023-2032 period.

One important point highlighted by the report is that product launches by major players of the industry will amplify the growth prospects of the market in the coming period. The product launch by B. Braun in July 2022 is an excellent example of this growth driver. Introcan Safety® 2 IV Catheter, an IV catheter launched by B. Braun, reduces the risk associated with needlestick injuries, thus making IV therapy safer. The product launch has gained a lot of attention and demand in the last few months and has thus increased the scope of the market.

To conclude, the intravenous equipment market is expected to witness huge growth owing to the rising prevalence of chronic diseases and demographic shifts in the global population. Also, the growing number of surgical procedures and innovative product launches might further aid in the market’s growth.

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