B. Braun Melsungen AG (Germany), Baxter International Inc. (U.S.), Fresenius SE & Co. KGaA (Germany), and ICU Medical, Inc. (U.S.) Dominate the Global IV Equipment Market
The global IV equipment market is expected to reach USD 13.63 Billion by 2022 from USD 10.07 Billion in 2017, at a CAGR of 6.2% from 2017 to 2022. The major factors driving the growth of this market include the increasing incidence of chronic diseases, rapid growth in the aging population, and growing number of surgical procedures. While product launch and enhancements remain at the center of the strategic growth initiatives pursued by a majority of the key players in the global IV equipment market, players are also focusing on increasing their presence in the high-growth markets through agreements and collaborations, expansions, and acquisitions. Becton, Dickinson and Company (U.S.), B. Braun Melsungen AG (Germany), Baxter International Inc. (U.S.), Smiths Medical (U.K.), Terumo Corporation (Japan.), and AngioDynamics, Inc. (U.S.) are focusing on new product launches and enhancements to enhance their market presence. Becton, Dickinson and Company dominated the market due to its ...