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North America's IV equipment market is estimated to grow at a CAGR of 7.5% detailed in new research report

Medical Market Research

The North America IV Equipment Market is worth USD 3.15 billion in 2016 and estimated to grow at a CAGR of 7.5%, to reach USD 4.5 billion by 2021. The North America IV Equipment market is developing at a remarkably quick speed.

Intravenous therapy is the flow of liquid components directly into a vein. Intravenous (IV) means inside vein.

Intravenous infusions are commonly referred to as drips. The intravenous route is the fastest way to transport fluids and medications all over the body.

Aged population and increased access to hospice and end-of-life palliative care will continue to drive demand for IV equipment for drug and nutrient infusion.

Carrying out of a number of government programmmes will also drive up adoption of intravenous management of diseases. Rise in cancer, diabetes, gastrointestinal diseases, 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.

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The North 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.

The North America market has been geographically segmented into segmented into US, Canada and Mexico. North America has the highest no.

share in the Metabolomics market.USA has the highest demand followed by Canada and Mexico. The North America region is largely driven by medical concerns.

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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 North America IV Equipment market.

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