IGR Intravenous System Access Devices Market | Page 2

The report on Intravenous System Access Devices Market by product type (peripheral, central catheter),
application type (medication, diagnostic testing), route of administration type (subcutaneous and
intravenous), end-users (hospitals, clinics and ambulatory surgery centers) trends analysis and forecasts up to
2023 studies the market sizes, key trends and opportunities in the main geographies such as North America,
Europe, Asia-Pacific, Rest of the World. According to the report the Global Intravenous System Access Devices
Market is projected to grow at a CAGR of 5.8% in terms of value over the period of 2017-2023. The growth in
the world market is primarily driven by significant contribution by North America (Leading region) region to
this market.
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Intravenous system access devices are small, flexible tubes inserted into arteries or veins, to deliver
medication. These devices are used by physicians for treating patient as well as testing blood after
withdrawing it via intravenous route. Intravenous system access devices are used for faster delivery of
nutrients, fluids and drugs such as antibiotics, analgesics and antipyretics at the site of inflammation i.e. vein.
Moreover, these devices are also used for blood transfusion and the correction of electrolyte imbalance.
Intravenous access devices include both central and peripheral intravenous catheters.
Market Insights
Global intravenous system market is majorly driven by the factors such as increasing incidences of diseases
such as cancer and tuberculosis (TB), increase in number of surgeries across the globe and growing geriatric
population. Moreover, tremendous rise in number of surgeries is significantly contributing to the market
growth, as surgeries require intravenous access devices for the purpose of medication and anesthetics.
Furthermore, technological advancements across the globe is further supporting the growth of intravenous
access devices market. However, the major challenge faced by intravenous system access devices market is
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