In the year 2018, Europe IV Equipment Market was valued at USD 3.05 Billion. By the year 2023, it is expected to reach USD 3.98 Billion at pace of 5.5% CAGR.
Intravenous (IV) is termed as inside vein. IV Equipment is the mixture of fluid substances constituents directly into a vein which is also known as drips. It is considered as the quickest approach to deliver liquids and solutions all through the human body. Intravenous treatment might be utilized for liquid administration, rectification of electrolyte imbalances, transfusing blood and to convey medicines.
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The growth for IV Equipment market is driven due to factors like rising geriatric population, increasing of chronic diseases like cancer, tumor, cardiovascular and other infections, growing demand for surgical procedure and ambulatory infusion pumps. In addition, increasing healthcare expenditure, advancement of technologies, and rising funds by government and public organizations are expected to drive the market growth. However, stringent regulatory policies for new products approvals and high medication errors related to infusion pumps are expected to hinder the growth rate for Europe IV Equipment Market during forecast period.
Based on geography the Europe IV Equipment market has been primarily divided into United Kingdom, France, Spain, Italy and Germany. Europe is expected to have least market share for IV Equipment market due to strict government policies.
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Leading companies for Europe Tumor Ablation market are ICU Medical, Inc. (U.S.), Smiths Medical (U.K.), Moog, Inc. (U.S.), Becton, Dickinson and Company (U.S.), B. Braun Melsungen AG (Germany), Baxter International Inc. (U.S.), Fresenius SE & Co. KGaA (Germany), Terumo Corporation (Japan.),and C. R. Bard, Inc. (U.S.)