Global IV Securement Device Market Outlook
Revenue, 2024
$1.4B
Forecast, 2034
$3.6B
CAGR, 2025 - 2034
9.7%
The IV Securement Device industry revenue is expected to be around $1.6 billion in 2025 and expected to showcase growth with 9.7% CAGR between 2025 and 2034. The significant upward trend in the IV Securement Device market is mainly due to the rising occurrence of illnesses and the subsequent uptick in hospital admissions. The increasing demand for intravenous treatments for individuals dealing with these health issues has played a crucial role in driving the market forward while emphasizing the continued importance of such devices. Moreover the introduction of devices, with advanced technology that enhance patient comfort and minimize catheter related issues has significantly boosted the markets growth.
The IV Securement Device plays a role in the medical field by anchoring an intravenous line securely to a patients skin to maintain stability and prevent dislodgement or infection risks effectively. The widespread application of these devices across healthcare environments such as hospitals, care facilities and home settings facilitates the delivery of medications, fluids or nutrients into the patients bloodstream. A notable shift in practice leans towards utilizing IV securement devices due to their capacity, in lowering the likelihood of catheter related bloodstream infections.
Market Key Insights
- The IV Securement Device market is projected to grow from $1.4 billion in 2024 to $3.6 billion in 2034. This represents a CAGR of 9.7%, reflecting rising demand across Hospital Use, Ambulatory Surgical Centers and Home Care Settings.
- 3M Company, Smiths Medical, Becton Dickinson and Company are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the IV Securement Device market and are expected to observe the growth CAGR of 7.1% to 10.2% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 9.3% to 12.1%.
- Transition like Technological Advancements is expected to add $93 million to the Iv Securement Device market growth by 2030.
- The IV Securement Device market is set to add $2.2 billion between 2024 and 2034, with manufacturer targeting Trauma & Dialysis Clinical Application projected to gain a larger market share.
- With Rising incidence of chronic diseases, and Technological advancements in iv securement devices, IV Securement Device market to expand 152% between 2024 and 2034.
Opportunities in the IV Securement Device
The rise of IV securement tools that feature antimicrobial elements and enhanced adhesive technology presents a significant advancement in the field. These developments seek to decrease issues linked to IV therapy, like catheter related bloodstream infections and ultimately improve safety and well being.
Growth Opportunities in North America and Asia-Pacific
North America remains a market for IV Securement Devices with a strong focus on the United States due to its advanced healthcare system and high rates of chronic illnesses present in the region. The competition is fierce with players like 3M and Becton Dickinson driving innovation in securement solutions while also creating opportunities for new advancements in the field. The increasing concern for safety and infection control, within medical facilities further boosts the adoption of IV Securement Devices in this region. Technological progress and the trend, towards providing healthcare at home are also factors driving the market in North America.
The demand for IV Securement Devices in the Asia Pacific region is growing rapidly due to the rise in healthcare spending and the expanding patient population. The markets in countries, like China and India are attracting attention from producers aiming to satisfy the increasing demand. Global and regional companies are actively competing by offering products and competitive prices to gain market presence. The increase in hospital admissions and the rising demand for long term care among the population are also contributing to the expansion of the market, in this region.
Market Dynamics and Supply Chain
01
Driver: Rising Incidence of Chronic Diseases, and Increasing Surgical Procedures
The increasing occurrence of long term health conditions globally plays a role in driving the market for IV Securement Devices as they are also essential for sustained intravenous therapy needs in such cases where the demand for dependable and safe IV devices has also risen significantly This shift is also especially noticeable in the domain of catheter stabilization devices. A specific of IV Securement Device that sees widespread use, in addressing chronic illnesses. The growth of procedures worldwide plays a crucial role in driving the IV Securement Device market forward. The use of securement devices is also vital during surgeries for the delivery of medications and fluids as well as monitoring vital signs and ensuring proper nutrition supply. The rising need for securement devices, within the category of IV Securement Devices is also anticipated to have also a substantial impacton market expansion.
The market for IV Securement Devices is also experiencing paced technological progress with the introduction of new designs and materials aimed at improving patient comfort and minimizing complications related to IV therapy procedures. Innovations, in securement devices stand out for their enhanced effectiveness and user friendly features and are also projected to experience substantial growth in the near future.
02
Restraint: High Costs of IV Securement Devices
The substantial expense of IV tools poses a notable challenge in the market scene. The necessity of these tools for well being clashes with their often exorbitant prices that exceed the budgets of numerous healthcare facilities. Especially those, in underdeveloped areas. This disparity influences demand trends as financial restrictions curtail the acquisition and utilization of these tools serving as a factor in shaping the market landscape overall.
03
Opportunity: Untapped Market Segments and Strategic Collaborations
There are promising growth prospects in the market for IV devices in areas like home healthcare and ambulatory care centers that have yet to be fully explored. With the growing demand for treatments at home and outpatient services on the rise there is expected to be an increase in the requirement, for dependable and effective IV securement devices.
Collaborations and partnerships between IV device makers and healthcare professionals have the potential to create tailored solutions that meet individual patient requirements and clinical standards effectively. Forging these connections can foster innovation, in product offerings and widen the reach of the IV securement device market.
04
Challenge: Lack of Awareness and Training
Healthcare professionals often lack understanding of the advantages and correct application of IV securement devices whichs a significant concern, in this context. Insufficient awareness may result in usage leading to patient risks and diminishing the efficacy of such devices. Consequently this could result in demand that influences market dynamics negatively.
Supply Chain Landscape
1
Raw Material Procurement
BASF SEDow Chemical Company
2
Component Manufacturing
3MB. Braun Melsungen AG
3
Device Assembly
Smiths MedicalMedtronic
4
Distribution & Sales
Cardinal HealthMcKesson Corporation
1
Raw Material Procurement
BASF SEDow Chemical Company
2
Component Manufacturing
3MB. Braun Melsungen AG
3
Device Assembly
Smiths MedicalMedtronic
4
Distribution & Sales
Cardinal HealthMcKesson Corporation
Use Cases of IV Securement Device in Hospital Use & Ambulatory Surgical Centers
Hospital Use : In hospitals today is when they use IV securement devices a lot to make sure that intravenous lines stay safe and steady in patients bodies. The that is usually seen in this situation is the securement device which sticks well to the skin and helps prevent the catheter from moving around and causing problems later. Big companies such, as 3M and Becton Dickinson are really well known in this region because they have useful products and good ways of getting them out to people.
Home Care Settings : IV securement devices are commonly utilized in home care environments well They prioritize user friendly features and patient comfort by opting for sutureless securement devices which are favored for their simplicity in application and removal with minimal patient discomfort Leading companies in this field such as Smith & Nephew and Baxter International are renowned for their easy, to use designs and top notch product quality.
Ambulatory Surgical Centers : In outpatient surgery centers IV securement tools are vital for procedures outside the hospital setting. Mechanical securement devices are commonly favored for their stability and ability to handle movement. Major companies such, as Medtronic and Cardinal Health lead the way in providing products tailored to the requirements of these facilities.
Recent Developments
The IV Securement Device plays a role in patient care within the medical device sector by securing intravenous lines to prevent dislodgment and has witnessed notable progress in recent times due to technological advancements and heightened healthcare spending alongside an increased emphasis, on patient safety.
December 2024 : Medtronic unveiled their IV Securement Device that incorporates cutting edge adhesive technology to enhance patient comfort and safety.
October 2024 : Smith & Nephew obtained a patent, for an IV Securement Device design that improves the stability and security of intravenous catheters.
August 2024 : B. Braun Melsungen AG introduced a new IV Securement Device with integrated antimicrobial technology, aimed at reducing the risk of catheter-related bloodstream infections.
Impact of Industry Transitions on the IV Securement Device Market
As a core segment of the Medical Device industry,
the IV Securement Device market develops in line with broader industry shifts.
Over recent years, transitions such as Technological Advancements and Regulatory Changes have redefined priorities
across the Medical Device sector,
influencing how the IV Securement Device market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Technological Advancements
The IV Securement Device sector has seen progress in technology advancement throughout the years. The incorporation of materials like silicone and polyurethane has resulted in the creation of more comfortable and reliable devices. These materials have also lowered the chances of skin irritation and allergic responses. Enhancing patient comfort and adherence. Moreover with the implementation of innovations such, as smart sensors and wireless connections monitoring IV sites in real time has become a possibility. This ensures identification and resolution of problems thus reducing risks of complications significantly. This change has not only improved the effectiveness and safety of IV treatment but has also opened up new possibilities for businesses, in the medical equipment and healthcare technology industries. This industry transition is expected to add $93 million in the industry revenue between 2024 and 2030.
02
Regulatory Changes
The IV Securement Device sector has also been influenced by modifications, in regulations worldwide as authorities have implemented stricter norms and criteria pertaining to the development and application of IV securement devices to safeguard patient well being and treatment effectiveness.