Number of pages: 100 | Report Format: PDF | Published date: 17 January, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
US$ 293. 23 million |
Revenue forecast in 2030 |
US$ 472.34 million |
Growth Rate |
CAGR of 5.40% from 2022 to 2030 |
Base year for estimation |
2021 |
Historical Years |
2020 |
Forecast period |
2022-2030 |
Segments covered |
Type, Application, End User, and Region. |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study conducted by Growth Plus Reports, the global IV flush syringe was pegged at US$ 293. 23 million in 2021 and is expected to register a revenue CAGR of 5.40% to reach US$ 472.34 million by 2030.
Market Fundamentals
IV flush syringes are medical devices that are used to clear intravenous pathways and prevent blockage formation in veins. IV flush syringes clear the intravenous path so that every drop of medication reaches its active sites to get absorbed completely, and help in avoiding drug mixing inside the tube. IV flush syringes are classified into saline and heparin. Saline IV flush syringe is used to clear and sterile the intravenous path for drug travel. A heparin IV flush syringe is an anticoagulant, used before angioplasty and catheter insertion, which helps prevent blockage in arteries.
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Market Dynamics
The global IV flush syringe market is driven by the increasing prevalence of chronic diseases such as diabetes, cardiovascular diseases, autoimmune disease, arthritis, and cancer. Additionally, avoiding drug mixing, ensuring patient safety, and increasing regulation of healthcare practices are also fueling the global IV flush syringe market revenue growth. Moreover, the increasing number of key players and acquisitions & mergers are contributing to the revenue growth of the global IV flush syringe market. However, increasing recall and skilled person requirements for the administration of IV flush syringes are hindering the revenue growth of the global IV flush syringe market.
Market Ecosystem
The global IV Flush Syringe market has been analyzed from four perspectives: type, application, end-user, and region.
IV Flush Syringe Market by Type
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Based on the type, the global IV flush syringe market is segmented into saline IV flush syringes and heparin IV flush syringes.
The saline IV flush syringe segment dominates the global IV flush syringe market owing to the high prevalence of chronic diseases such as cardiovascular diseases, cancers, arthritis, etc., Furthermore, increasing patient hospitalization rates and multiple drug administration needs are also contributing to the revenue growth of the market. Additionally, the introduction of new products and the high presence of key players are fueling the revenue growth of this segment.
IV Flush Syringe Market by Application
Based on application, the global IV flush Syringe market is segmented into cardiac diseases, rheumatoid arthritis, diabetes, cancer, and others.
The cancer segment accounts for the largest revenue share in the global IV flush syringe market owing to the increasing prevalence of breast cancer, skin cancer, etc. Additionally, increasing awareness about cancer treatment, and the need for immediate medical attention & hospitalization are driving the revenue growth of the IV flush syringe market. In 2020, the National Cancer Institute stated that nearly 1,806,590 new cancer cases will be diagnosed and 606,520 people may die from cancer in the United States.
IV Flush Syringe Market by End-User
Based on end-user, the global IV flush syringe market is segmented into hospitals, ambulatory surgical centers, clinics, and others.
The hospital segment dominates the global IV flush syringe market. This high revenue growth of the segment is attributed to the increasing prevalence of chronic diseases such as diabetes, cardiovascular diseases, etc. Additionally, growing numbers of hospitals, improving healthcare practices, and the introduction of new products are also contributing to the growth of the global IV flush syringe market revenue share.
IV Flush Syringe Market by Region
Based on region, the global IV flush syringe market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America dominates the global IV flush syringe market in terms of revenue share. The large revenue share of North America in the global market can be attributed to prevailing cancer and cardiac diseases in this region, developed infrastructure, and technological advancement. Additionally, the adoption of standard healthcare practices and increasing healthcare infrastructure are also contributing to the revenue growth of the IV flush syringe market.
Competitive Landscape
The prominent players operating in the global IV flush syringe market are:
Strategic Development
North America accounts for the largest revenue share in the global IV flush syringe market.
The growing prevalence of chronic diseases, increasing awareness about patient safety, and rising numbers of key players are the key factors driving the global IV flush syringe market revenue growth.
The expected revenue CAGR for the global IV flush syringe market is 5.40% during the forecast period from 2022 to 2030.
The estimated market size of the global IV flush syringe market is US$ 472.80 million in 2030.
Aquabiliti, B. Braun Melsungen AG, Becton, Dickinson and Company, Cardinal Health, and Medefil, Inc., are among the key players in the global IV flush syringe industry.
*Insights on financial performance are subject to the availability of information in the public domains*
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