Company Spotlight

Top Companies in the Global IV Tubing Sets and Accessories Market

Top Companies in the Global IV Tubing Sets and Accessories Market

Insights

B. Braun Medical Inc., Baxter International, BD, Blickman, BQ PLUS MEDICAL CO. LTD., and Cardinal Health are the leading companies in the global IV tubing sets and accessories market.

The global IV tubing sets and accessories market was valued at USD 1.2 billion in 2023, driven by the rising chronic disease burden and growing demand for advanced IV tubing sets across the globe. The market is expected to grow at a CAGR of 4.6% during the forecast period of 2024-2032, with the values likely to reach USD 1.8 billion by 2032.

IV (Intravenous) tubing sets and accessories refer to medical devices used in intravenous therapy that help in delivering fluids or medications into a patient's bloodstream. IV tubing sets are the main component of an IV system that is designed to connect the IV fluid bag to the patient’s intravenous access device (like a catheter or cannula). IV accessories include additional components that support the function, safety, and effectiveness of the IV system. Needleless connectors are a common IV accessory that allows IV tubing to be attached to the IV catheter without the use of needles and thus help reduce the risk of needlestick injuries. IV extension tubes are used to increase the length of the IV line and are especially helpful in settings where patient mobility is required.

Recent data suggests that noncommunicable diseases or chronic diseases cause the death of 41 million individuals annually, contributing to 74% of all deaths globally. This indicates the prevalence of chronic diseases such as diabetes, cancer, and cardiovascular conditions is rising rapidly. Since chronic conditions often need long-term intravenous therapy, the market demand for IV tubing sets and accessories is likely to grow with the rising cases of chronic diseases. In addition, the increasing aging population which is more susceptible to health conditions requiring frequent medical interventions, including IV therapy is anticipated to contribute to the market growth.

A significant market trend is the rising technological advancements in IV tubing sets which are improving the overall safety and efficacy of IV therapy and elevating the market value. The development of anti-kink tubing, closed systems, and needleless connectors is improving patient safety and reducing the risk of complications (infections and air embolism). Moreover, the introduction of specialty IV sets designed for specific uses, such as chemotherapy, neonatal care, or intensive care, is poised to boost market demand.

The market is also experiencing a heightened focus on healthcare worker safety which is leading to the adoption of needleless IV systems and safety-engineered devices to prevent needlestick injuries. Further, the growing demand for advanced IV sets and accessories that are designed to ensure sterility and minimize contamination risks is expected to aid market expansion.

Top Companies Leading the Global IV Tubing Sets and Accessories Market in 2024

1.    B. Braun Medical Inc.

Headquarters: Pennsylvania, United States
Establishment: 1839
Website: https://www.bbraun.co.in

B. Braun Medical Inc. is counted among the world's leading medical technology companies. It specializes in infusion therapy and pain management and is known for its products and services in anesthesia, cardiology, surgery, and intensive care, among others. The company offers a variety of IV tubing sets, catheters, connectors, and accessories that are designed for both standard and specialized IV therapy. B. Braun also focuses on incorporating safety features such as needleless connectors and closed system IV sets to reduce the risk of needlestick injuries and infections.

2.    Baxter International

Headquarters: Illinois, United States
Establishment: 1931
Website: https://www.baxter.com

This American multinational healthcare company has a prominent presence in the market, holding a strong portfolio of IV tubing sets and accessories to meet various clinical needs, including primary and secondary administration sets, needleless IV connectors, and extension sets. Baxter ensures patient safety by continuously innovating its products to reduce the risk of contamination and medical errors.

3.    BD

Headquarters: New Jersey, United States
Establishment: 1897
Website: https://www.bd.com

Becton, Dickinson and Company (BD), a New Jersey headquartered medical technology company, is a significant player in the IV tubing sets and accessories market. BD markets high-quality IV tubing sets including extension sets and needle-free connectors that prevent needlestick injuries and contamination. The company’s infusion and extension sets are available in various configurations to accommodate the complex needs of intravenous therapy. Extension Sets with Needle-Free Connectors and Total Intravenous Anaesthesia (TIVA) Administration Sets are some of BD’s popular products in the market.

4.    Blickman

Headquarters: Lyndhurst, New Jersey, United States
Establishment: 1889
Website: https://www.blickman.com/

Blickman, a medical equipment manufacturer based in Lyndhurst, New Jersey, is a key manufacturer of stainless steel and mobile healthcare equipment. The company also produces accessories that support IV therapy and other medical procedures such as IV poles and stands to facilitate safe and efficient IV therapy administration in various healthcare facilities. Blickman's durable, high-quality stainless steel products and customizable options help it maintain a strong position in the market.

5.    BQ PLUS MEDICAL CO. LTD.

Headquarters: Shanghai, China
Establishment: 2015
Website: https://www.bqplusmedical.com/

BQ+ Medical specializes in the manufacturing of infusion therapy products including IV tubing sets and accessories. The company invests heavily in innovating its products and offers customized solutions according to the needs of its customers, ranging from hospitals to home care settings. BQ Plus also emphasizes high-quality manufacturing processes and adherence to international standards to maintain brand reputation.

6.    Cardinal Health

Headquarters: Ohio, United States
Establishment: 1971
Website: https://www.cardinalhealth.com

This American multinational healthcare services company is a global manufacturer and distributor of laboratory and medical products. Cardinal Health has an extensive portfolio of IV tubing sets, connectors, and accessories designed to support various infusion therapies. The company focuses on patient safety in its product designs and offers solutions that help reduce the risk of contamination. Additionally, Cardinal Health leverages its robust distribution network to ensure the timely delivery of products to its clients.

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124