IV Fluid Monitoring Devices Market Size

IV Fluid Monitoring Devices Market size is estimated to cross USD 11 Billion by the end of 2036, expanding around 8% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of IV fluid monitoring devices was USD 5 Billion. The major element to influences the market expansion is the growing prevalence of hospital-acquired infection. In 2022, it was estimated by WHO that, at least one healthcare-associated infection (HAI) will be acquired by seven patients in high-income nations and fifteen patients in low- and middle-income countries out of every 100 patients in acute-care hospitals during their hospital stay. Approximately 10% of impacted patients will pass away due to their HAI. Hence, the market revenue for IV fluid monitoring devices is set to increase in order to reduce hospital acquired infection.

Additionally, the majority of pharmaceutical and medical device companies have focused on integrating cutting-edge technologies into infusion systems in order to enhance the efficacy, safety, and efficiency of drugs while decreasing the possibility of unfavorable reactions brought on by an overdose or underdose. Therefore, this factor is also set to drive the IV fluid monitoring devices market expansion.