Production of Disposable IV Set
Manufacturing Business Plan for Startups in Infusion Set
Manufacturing Business Plan for Startups in Disposable IV Set
Intravenous therapy (abbreviated as IV therapy) is a medical technique that delivers a liquid directly into a person’s vein. The intravenous route of administration is commonly used for rehydration solutions or to provide nutrition in those who cannot consume food or water by mouth. It may also be used to administer medications or other medical therapy such as blood products or electrolytes to correct electrolyte imbalances.
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Medical establishments use Intravenous (IV) sets to administer fluid therapy and to provide medicines and blood products such as platelets. This procedure is called infusion therapy. IV sets use a process called gravity infusion to conduct the above procedures.
Common Features
For gravity feed only
15 micron fluid filter in drip chamber
Soft and kink resistant DEHP free PVC tubing ensures uniform flow rate
Smooth roller clamp facilitates easy, safe control and djustment of fluid rates
Standard tube length: 150 cms
Tube dia: I Ø 3 mm & O Ø 4.1 mm
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Uses
Hospitals
Ambulatory Surgical Centers
Specialized Clinics
Skilled Nursing Facilities
Long Term Care Centers
Others
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Market Outlook
The increased patient base in different regions comprising patients affected with diabetes and chronic pain is anticipated to drive the growth of the global IV tubing sets and accessories market. Increasing prevalence of chronic disease cases such as cancer have resulted in the development and introduction of advanced IV tubing sets to be used in infusion therapy for efficient treatment methods.
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Over the last few years, an increase in the demand for branded and patented smart IV infusion pump systems and associated IV tubing sets has been registered from end users such as hospitals, ambulatory surgical centers, homecare settings and long term care centers in Europe as compared to Asia Pacific.
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Besides, growing import and export of infusion pumps, consumables and supplies in countries such as France, Netherlands, United Kingdom, Poland and Russia is anticipated to boost the growth of the global IV tubing sets market. The market in high income countries is also growing due to its frequent replacement in the majority of hospitals as a basic medical supply necessity, product innovation, and strong guidelines by regulatory agencies to limit ill impacts.
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Infusion therapy device market size was valued at $2.9 billion, with over 230 million primary IV sets sold every year. Despite COVID19, the market size is expected to increase at a compound annual growth rate (CAGR) of 2.6% to reach $3.5 billion in 2026.
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Infusion Therapy Market Insights
The infusion therapy device market is a relatively stable and mature market. This means that future growth in the market is expected to be limited by only mild gains to unit sales. Infusion pumps and IV sets, two of the largest market segments, are saturated in terms of the installed base and unit sales. Since infusion therapy is a well-established practice, there is very little room for expansion. For other mature markets, one standard way of driving market growth is to offer premium-priced products with advanced features. However, this practice has achieved only limited success in the infusion therapy device market.
Insight by Application
On the basis of application, the global IV tubing sets and accessories market is categorized into peripheral intravenous catheter insertion, PICC line insertion, and central venous catheter placement. In 2019, the peripheral segment accounted for the largest market share and will remain dominate till 2027. The rising cases life-style borne cardiac ailments and increasing preference of consumers towards minimally invasive procedures are the prominent factors favoring the segment growth? Moreover, rising cases of home-based infusion therapies among geriatrics also increasing the demand of the concerned product. The central venous catheter segment is projected to have the fastest growth rate over the study period. The usage of catheter in the administration of drugs in the veins is the major factor boosting its growth.
Key Players:-
Angi Plast Pvt. Ltd.
Axiom Medisurg Ltd.
Hemant Surgical Inds. Ltd
La Medical Devices Ltd.
Sangam Health Care Products Ltd.
Smiths Medical India Pvt. Ltd.
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