The Latin America IV Equipment Market Size is valued at USD 0.64 billion in 2022 and is estimated to grow at a CAGR of 5%, reaching USD 0.82 billion by 2027 from 2022 to 2027.
One of the most critical factors driving IV catheter growth is the growing need for short closed peripheral IV catheters, which are capable of reducing problems during intravenous treatments. Furthermore, closed IV catheter systems protect against the dangers of needle-stick injuries.
In addition, a rise in the number of surgeries in Latin America is a significant driver of market growth. The All India Institute of Medical Science (AIIMS) said that it performed 1.94 lakh procedures in 2020, making it the institute with the most surgeries performed globally during that year.
Another critical aspect is the prevalence of various chronic diseases requiring vascular access treatment has increased. Cancer, kidney failure, and heart disease are among the disorders, as are different lifestyle conditions such as hypertension, diabetes, obesity, and depression, all of which require essential care while in the hospital. The surge in chronic diseases is fueling the market's expansion.
The advent of ambulatory infusion pumps, as well as different advancements and discoveries in the healthcare field to integrate technology, are other indirect intravenous (IV) equipment market growth variables.
The treatment's high costs will operate as a market growth stumbling block. The market's growth rate will be further slowed by medication errors caused by infusion pumps, resulting in product recalls. Market constraints would be exacerbated by unfavorable reimbursement practices, particularly in developing markets, as well as stringent regulatory requirements and compliances.
This research report on the Latin America IV Equipment Market has been segmented and sub-segmented into the following categories.
By End User:
Geographically, the Latin America IV Equipment Market has a moderate portion of the market globally and will further continue to grow over the forecast period.
The Brazil IV Equipment Market is expected to grow significantly due to the growth of medical tourism, more significant investment in healthcare infrastructure, and rising personal disposable income, the growth rate throughout the forecast period would be higher.
Other indirect intravenous (IV) equipment market growth determinants include the appearance of ambulatory infusion pumps and the rising advent of various technologies and investigations in healthcare to integrate technology in countries like Mexico and Brazil.
The Mexico IV Equipment Market is estimated to reach a decent CAGR due to the government's expanding measures to raise awareness, particularly in developing economies, which are accompanied by an increase in cases of lifestyle change in Mexico.
Blood transfusions have grown increasingly popular in the medical and healthcare industries, owing to the rising prevalence of disorders that cause blood loss. Because intravenous therapies are so important in blood transfusion procedures, the demand for IV equipment in Latin America is expected to soar to unprecedented heights.
Furthermore, people with severe diseases and disorders frequently have difficulty swallowing food, pills, or liquids. In such instances, IV equipment aids in administering the proper pharmaceutical doses to the patients.
KEY MARKET PLAYERS
Noteworthy Companies leading the Latin America IV Equipment Market are Moog, Inc. (U.S.), ICU Medical, Inc. (U.S.), Smiths Medical (U.K.), Becton, Dickinson, and Company (U.S.), Baxter International Inc. (U.S.), Fresenius SE & Co. KGaA (Germany), B. Braun Melsungen AG (Germany), Terumo Corporation (Japan.), C. R. Bard, Inc. (U.S.).,
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.1 IV Catheters
5.1.2 Administration Sets
5.1.3 Infusion Sets
5.1.4 Securement Devices
5.1.5 Stopcocks and Check Valves
5.1.6 Drip Chambers
5.1.7 Needleless Connectors
5.1.8 Other IV Equipment
5.1.9 Y-o-Y Growth Analysis, By Product
5.1.10 Market Attractiveness Analysis, By Product
5.1.11 Market Share Analysis, By Product
5.2 End User
5.2.1 Hospitals and Clinics
5.2.2 Home Care
5.2.3 Ambulatory Care Centers
5.2.4 Y-o-Y Growth Analysis, By Type
5.2.5 Market Attractiveness Analysis, By Type
5.2.6 Market Share Analysis, By Type
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Product
188.8.131.52 By End User
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Product
18.104.22.168 By End User
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Product
188.8.131.52 By End User
6.4 Rest of Latin America
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Dickinson and Company (U.S.)
8.3 B. Braun Melsungen AG (Germany)
8.4 Baxter International Inc. (U.S.)
8.5 Fresenius SE & Co. KGaA (Germany)
8.6 ICU Medical, Inc. (U.S.)
8.7 Smiths Medical (U.K.)
8.8 Moog, Inc. (U.S.)
8.9 Terumo Corporation (Japan.)
8.10 C. R. Bard, Inc. (U.S.)
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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