Business Ideas in Production of Disposable IV Set. Emerging Business Investment Opportunities in Infusion Set.
The infusion tubing/administration set connects to the bag of IV solution. Primary IV tubing is either a macro-drip solution administration set that delivers 10, 15, or 20 gtts/ml, or a micro-drip set that delivers 60 drops/ml. Macro-drip sets are used for routine primary infusions.
There are a wide variety of IV sets and uses for these IV sets. IV Administration sets are designed to optimize infusion delivery, reduce the risk of infection for the patient, and to keep access sites clean and protected.
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Infusion therapy has become a popular pain relieve treatment method, especially for diseases where oral medication is least effective. In this technique, the drug is usually administered intravenously or subcutaneously. Due to the advancement in various technologies, patients are switching from conventional treatments to specialized infusion therapy treatments as the results are more effective.
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Infusion therapy has been widely used in treatment of diabetes, gastrointestinal diseases and various kinds of cancer. Infusion therapy is also used in treatment of different types of dehydration. Infusion therapy can also be used at home which reduces frequent hospital visits. Some of the commonly used infusion devices for administration of medications include needleless connectors, infusion pump, and intravenous set.
Components of an IV infusion therapy set
In the pre-hospital care setting two different types of gravity IV infusion therapy sets are used. Those for giving non-blood products (e.g., saline) and those for giving blood products. The Braun Single Chamber IV Infusion Set is an example of a set used for the administration of non-blood products, which features a single chamber and 15 micrometer in-line filter. For the administration of blood and blood products we recommend the dual chambered Shermond Blood Infusion Set, with a 200 micron filter designed to allow larger particles to pass through it.
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There are a other varieties of these two core types exist, with some having drug injection ports, clamps and graded flow controllers. The image provides an overview of the core components of an IV infusion therapy set.
Application
Central Venous Catheter
Placemen
Peripheral Intravenous Catheter Insertion
PICC Line Insertion
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Market Outlook
This can be attributed to better healthcare and greater awareness regarding cost-effective therapies involving high consumption of IV tubing sets. Highly populated countries have a high incidence and prevalence of chronic diseases such as stroke, which in turn, is increasing the demand for infusion therapy and thereby driving the production of IV tubing sets. The Middle East and Africa IV tubing sets and accessories market is also expected to witness substantial growth.
Healthy growth in the future attributed to an increasing number of targeted patient pools, growing awareness about the procedure and a wide range of applicability. These peripheral intravenous catheters are inserted into peripheral veins to provide IV fluids which include dextrose and parenteral nutrition, blood product transfusions and medication.
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The growing awareness about cardiovascular diseases such as PAD and CHD has led many individuals to undergo regular medical visits. The US is the base for reputed companies in the market. Also, the incidence of hypertension in countries such as Canada and Brazil is gradually increasing which projected to boost the market during the forecast period. Further, most of the companies are focusing on expanding their market in Latin America, especially Brazil by making strategic alliances with local vendors for distribution of the products in the market.
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By 2020, the U.S. infusion therapy device market size was valued at $2.9 billion, with over 230 million primary IV sets sold every year. Despite COVID19, the market size is expected to increase at a compound annual growth rate (CAGR) of 2.6% to reach $3.5 billion in 2026.
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Key Players:-
Angi Plast Pvt. Ltd.
Axiom Medisurg Ltd.
Hemant Surgical Inds. Ltd
La Medical Devices Ltd.
Sangam Health Care Products Ltd.
Smiths Medical India Pvt. Ltd.
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