IV Disinfecting Caps Market Share

North American Market Forecast

North America industry is likely to account for largest revenue share of 35% by 2037.The growth of the market can be attributed majorly to the growing number of surgeries. There is an increase in the number of surgeries in the area owing to the rise in the aging population and increasing prevalence of chronic illness. The need for IV disinfecting caps is projected to rise as surgical procedures have become more prevalent in the region. For instance, IV disinfection caps are used to stop infections from developing during intravenous therapy, a frequent technique used in surgical settings. Moreover, the need for IV disinfecting caps rises in parallel with the number of surgeries and patients undergoing intravenous therapy. Further, the growing technological advancements in the region, along with the rising research & development activities, are also anticipated to contribute to the market growth in the region. In addition, the growing number of diseases is also anticipated to boost the market growth during the forecast period. Between 2019 and 2021, more than 12 million surgical procedures were carried out in the US.

APAC Market Statistics

The Asian Pacific IV disinfecting caps market is estimated to hold the second-largest, share by the end of 2037. The growth of the market can be attributed majorly to the increasing rates of typhoid fever, cholera, food poisoning, and illnesses connected with healthcare. Typhoid fever, cholera, and food poisoning cases are on the rise in the region, which is projected to drive up demand for IV disinfection caps as healthcare professionals work to lower the risk of infections in patients. For instance, in healthcare settings such as hospitals, clinics, and other healthcare institutions, intravenous treatment is a standard technique that frequently involves the use of IV disinfection caps to avoid infections. Further, the growing awareness about home cleanliness in the region is also anticipated to contribute to the market growth in the region.

Europe Market Forecast

Further, the market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the increasing geriatric population. The demand for IV disinfection caps is projected to rise as the aging population in the region grows. For instance, healthcare providers in the area are putting more emphasis on infection prevention and control, especially while caring for elderly patients who are more susceptible to illnesses. As the emphasis on infection prevention increases, there will likely be an increase in demand for products and technologies such as IV disinfection caps, which can help reduce the risk of infections.