PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1961000
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1961000
The global IV equipment market is projected to reach USD 23.92 billion by 2031 from USD 17.82 billion in 2026, growing at a CAGR of 6.1% during the forecast period.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2024-2031 |
| Base Year | 2025 |
| Forecast Period | 2026-2031 |
| Units Considered | Value (USD billion) |
| Segments | Type, Application, End User, and Region |
| Regions covered | North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. |
The demand for IV equipment is growing steadily, driven by the rising prevalence of chronic diseases and increasing hospitalizations worldwide. The growing adoption of IV therapy for medication administration, hydration, and nutrition, along with the shift toward home-based and outpatient care, is boosting product utilization. Hospitals and clinics are prioritizing high-quality, safe, and user-friendly IV devices to ensure accurate drug delivery and patient safety. Technological innovations, such as needle-free connectors, smart infusion pumps, and compatible multi-parameter IV systems, are further enhancing market adoption. Moreover, expanding healthcare infrastructure in emerging economies and favorable government initiatives promoting modern healthcare practices are expected to sustain strong market growth in the coming years.

"By type, the needle-free connectors & extension sets segment is projected to grow significantly during the forecast period."
Based on type, needle-free connectors & extension sets are the fastest-growing segment in the IV equipment market, driven by their enhanced safety, ease of use, and ability to significantly reduce the risk of infections and needlestick injuries. These connectors streamline medication administration, reduce contamination, and improve workflow efficiency in hospitals, clinics, and home care settings. Their growing adoption is also supported by stringent infection control regulations and increasing awareness among healthcare providers about patient safety, making them a highly preferred choice in modern healthcare facilities.
"By application, the medication administration segment held the largest market share in 2025."
By application, medication administration holds the largest market share in the IV equipment market, as IV therapy allows drugs to be delivered directly into the bloodstream, ensuring rapid onset of action, precise dosing, and optimal therapeutic effectiveness. This application is particularly critical in intensive care units, chemotherapy treatments, pain management, and severe infection management, where timely and accurate drug delivery can significantly improve patient outcomes. The growing prevalence of chronic and acute diseases, along with increasing hospital admissions, continues to drive the demand for IV-based medication administration.
"By region, North America accounted for the largest market share in 2025."
The IV equipment market is segmented into North America, Europe, Latin America, the Asia Pacific, and the Middle East & Africa. North America leads the global IV equipment market. This dominance is attributed to the high prevalence of chronic diseases, well-established healthcare infrastructure, and rapid adoption of advanced medical technologies. Additionally, the strong presence of key market players, increased healthcare spending, and growing demand for advanced infusion systems in hospitals and home healthcare settings further contribute to the region's leading market position.
The prominent players in the IV equipment market are Becton, Dickinson and Company (US), B. Braun SE (Germany), Fresenius SE & Co. KGaA (Germany), ICU Medical, Inc. (US), Terumo Corporation (Japan), Moog Inc. (US), Teleflex Incorporated (US), Cardinal Health (US), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Baxter (US), Avanos Medical, Inc. (US), Nipro (Japan), JMS Co., Ltd. (Japan), Vygon (France), and Micrel Medical Devices SA (Greece), among others.
Research Coverage
This report analyzes the IV equipment market by type, application, end user, and region. It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets by their individual growth trends and forecasts market segment revenues across five main regions (and the respective countries in these regions).
Reasons to Buy the Report
The report will enable established firms as well as entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a larger market share. Firms purchasing the report could use one or a combination of the following strategies to strengthen their market presence.