Measured Volume Burette Set Market Size, Share & Trends Analysis Report By Capacity (100ml, 110ml, 150ml, Others) By End-Use (Hospitals, Ambulatory Surgical Centers, Others), By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global measured volume burette set market size was valued at USD 469.1 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030. The key factors contributing to the market growth include the rising geriatric population, increasing incidence of chronic diseases, and rising demand for measure volume burette sets. Furthermore, the growing volume of surgical procedures across the globe drives the demand of the market. For instance, according to an article published by NIH in 2020, 310 million major surgeries are conducted every year; around 40 to 50 million in the U.S. and 20 million in Europe. The Covid-19 pandemic initially negatively impacted the market due to the supply chain & logistics being halted due to lockdown imposed by the government. However, there was also an increase in the demand for infusion devices to treat critically ill patients. This had led to a slight increase in market demand for measured volume burette set market. In addition, there was a rise in research practices which contributed to higher adoptions of this device in research and diagnostic laboratories.

For precise drug measurement in critical and pediatric/neonatal care, measured volume burette sets are infusion devices with a clear, flexible, and calibrated measured volume chamber. The increasing prevalence of neonatal, pediatric, and cardiac diseases, the rising need for accurate infusions for high-risk medications, and the increasing focus on patient safety are expected to boost the market growth.

Measured volume burettes into fusion sets are used in different settings such as hospitals, healthcare clinics, and laboratories. These volumetric I.V. burette sets have a metered cylinder that enables precise administration of a predetermined amount of solution, making them indispensable for treating certain patients, such as pediatric patients.

Capacity Insights

A measured volume burette is designed to transfer definite but variable volumes of a liquid into the patients. There are many major as well as small players in the market offering their wide range of products with various capacities. Some of the most common products are 100 ml, 110 ml, and 150 ml present in the market.150 ml capacity dominated the market for measured volume burette set market and accounted for the largest revenue share of 37.1% in 2022. There is a higher range of 150 ml products available in the market offered by major players such as Agniplast, B.Braun, Medikit, etc.

The others segment includes burettes with a capacity volume of 50 ml, 25 ml, 250 ml, and others. One of the most prominent products in the market Nalgene Break-Resistant Self-Zeroing Automatic Burets offered by Thermo Fisher offers a range of capacities, which makes others segment the most dominating segment in the market.

End-use Insights

The hospital segment dominated the market for measured volume burette set market and accounted for the largest market share of 47.8% in 2022. It is also anticipated to register the fastest CAGR growth of 7.3% during the forecast period. The increase in the surgeries performed by healthcare professionals, and advancement in technologies first introduced to the hospitals are the key driving factors that propel the growth of the segment. Furthermore, the standard protocols followed by the hospitals would also contribute to the demand for the measure volume burette set market.

Ambulatory surgical centers are anticipated to register the second-fastest CAGR growth of 6.6% during the forecast period. Ambulatory surgical centers are known to be modern healthcare facilities emphasizing providing surgical care, and covering preventive & diagnostic procedures. Hence, the demand for quality care & cost-effective services is likely to augment the demand of the measured volume burette set market.

Regional Insights

North America dominated the measured volume burette set market and accounted for the largest revenue share of 37.7% in 2022 and is also anticipated to register the fastest CAGR growth during the forecast period. The growing demand for medical device technologies and the presence of key players are the key factors contributing to the growth of the market. Moreover, the increasing prevalence of chronic diseases such as diabetes and cancer is also a key driver that propel the demand for the measured volume burette set market. For instance, according to a report published by CDC in 2022, 37.3 million people in the U.S. are affected by diabetes contributing to 11.3% of the U.S. population.

Asia Pacific is anticipated to register a significant CAGR growth during the forecast period. The rising socio-economic factors in developing countries and increase in the prevalence of chronic diseases such as diabetes, cancer, arthritis, and cystic fibrosis are the key drivers contributing to the growth of the measured volume burette set market in the region. In addition, emerging markets such as China & India and the growing adoption of measured volume burette sets are providing significant growth opportunities for players operating in the measured volume burette sets market.

Key Companies & Market Share Insights

Key Market players are undertaking various strategic initiatives such as the signing of the new partnership agreement, collaborations, mergers and acquisitions, and geographic expansion, aiming to strengthen their products, thus providing a competitive advantage. For instance, in October 2019, B. Braun Medical Inc. announced the collaboration with Stanley’s healthcare software for the deployment & integration of their infusion pump system. This collaboration between the two companies follows healthcare enterprise (IHE) standards and would provide combined solutions including a bi-directional interface to design & improve patient safety and increase staff efficiency. Some prominent players in the global measured volume burette set market include:

• PL Medical

• B. Braun

• Baxter International, Inc.

• Wellmed International Industries Pvt. Ltd.

• Agniplast

• Merck

• Thermo Fisher

• Globalmedikit 

Measured Volume Burette Set Market Report Scope

Global Measured Volume Burette Set Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global measured volume burette set market report based on capacity, end-use, and region:

• Capacity Outlook (Revenue, USD Million, 2018 - 2030)

  • 100 ml

  • 110 ml

  • 150 ml

  • Others

• End-Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Ambulatory Surgical Centers

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.                

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Thailand

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait