The IV Tubing Sets And Accessories Market To Be Revolutionized By “Call To Paradigm Shift” Towards Innovation - PowerPoint PPT Presentation

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The IV Tubing Sets And Accessories Market To Be Revolutionized By “Call To Paradigm Shift” Towards Innovation


The global IV tubing sets and accessories market is estimated to be valued at US$ 1.7 Bn in 2021, and is expected to exhibit a CAGR of close to 5% over the forecast period (2021 – 2031). – PowerPoint PPT presentation

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Title: The IV Tubing Sets And Accessories Market To Be Revolutionized By “Call To Paradigm Shift” Towards Innovation

IV Tubing Sets And Accessories Market
Report Id PMRREP20608 Category Life Science
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The IV Tubing Sets And Accessories Market To Be
Revolutionized By Call To Paradigm Shift
Towards Innovation
  • Rising geriatric population across regions is
    expected to drive demand for IV tubing sets and
    accessories, since people aged above 60 years are
    at a high risk of developing cancer. As indicated
    by a World Health Organization (WHO) report,
    around 23.6 million new instances of chronic
    diseases are projected to be accounted for
    worldwide by 2031. High occurrence of chronic
    diseases, for example, malignant diseases and
    kidney problems, demand for expanding diagnostic
    and therapeutic procedures, including dialysis.
  • Key players in the market are focusing on
    production of advanced tubing sets using medical
    and pharmaceutical-grade silicones and
    thermoplastics as raw material in order to
    deliver increasing level of performance.
    Increasing demand for smaller devices made from
    micro components and tubing in order to meet
    demand requirements in minimal invasive
    procedures is anticipated to provide large
    opportunities for market players.
  • The global IV tubing sets and accessories
    market is estimated to be valued at US 1.7 Bn in
    2021, and is expected to exhibit a CAGR of close
    to 5 over the forecast period (2021 2031).

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Key Takeaways from Market Study   
  • Primary IV tubing sets held maximum value in the
    market, owing to rising number of chronic
    diseases leading to increased medical procedures.
  • Adults, by age group, are expected to hold
    maximum share in 2021, due to increasing
    unhealthy lifestyle habits.
  • By application, peripheral intravenous catheter
    insertion captured a notable revenue share of
    more than half of all the applications in IV
    tubing sets and accessories.
  • Owing to the rising cancer cases requiring
    surgeries, hospitals are expected to experience
    lucrative growth among all end users at a CAGR of
  • North America accounted a share of around 30 in
    2020, and is expected to show significant growth
    over the next ten years.
  • Europe is the next dominating region with a
    market share of 25 in 2020, due to its
    flourishing medical devices industry.
  • Increasing geriatric population, rising number
    of medical procedures, rising chronic diseases,
    and advanced tubing technology are expected to
    drive market growth, says a Persistence Market
    Research analyst.

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