The Latin America IV Equipment Market is worth USD 0.54 billion in 2016 and estimated to grow at a CAGR of 5%, to reach USD .69 billion by 2021.
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Intravenous (IV) medications is a solutions controlled directly into the venous circulation through a syringe or intravenous catheter (tube).Intravenous therapy is the flow of liquid components directly into a vein. Intravenous (IV) means inside vein.
The intravenous route is the fastest way to transport fluids and medications all over the body.
Diabetes, gastrointestinal diseases, rise in cancer, neurological conditions and malnutrition; upsurge in healthcare spending and development of healthcare infrastructure represent the other macro drivers influencing market development, especially in rising countries. Elderly population and increased access to palliative care continues to drive demand for IV equipment for drug and nutrient infusion.
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Working of a number of government initiatives will also drive up adoption of intravenous management of diseases.
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The Latin America market for IV Equipment is segmented on the basis of Product, End User and region. Based on product, the market is segmented into IV Catheters, Administration Sets, Infusion Sets, Securement Devices, Stopcocks and Check Valves, Drip Chambers, Needleless Connectors, Other IV Equipment.
The IV catheters segment is expected to have the major share of the IV Equipment Market in 2017. Based on End User, the market is segmented into Hospitals and Clinics, Home Care, Ambulatory Care Centers.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The market is anticipated to keep thriving in both created and creating districts.
The development is additionally credited to the developing interest in IV instruments.
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ICU Medical, Inc. (U.S.), Smiths Medical (U.K.), Moog, Inc. (U.S.), Becton, Dickinson and Company (U.S.), B. Braun Melsungen AG (Germany), Baxter International Inc. (U.S.), Fresenius SE & Co. KGaA (Germany), Terumo Corporation (Japan.),and C. R. Bard, Inc. (U.S.), are the leaders in the Latin America IV Equipment market.
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