Global Peripheral Intravenous (IV) Catheter Market study by Data Bridge Market Research provides details about the market dynamics affecting this market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years.
Peripheral Intravenous (IV) Catheter Market report provides top to bottom assessment of the market with respect to income and developing business sector. The report encompasses several market dynamics while also evaluating the growth rate and the market value based on market dynamics and growth inducing factors. The industry analysis report is mainly explored under four major areas which are market definition, market segmentation, competitive analysis and research methodology. Peripheral Intravenous (IV) Catheter Market business report also covers strategic profiling of the major players in the market, comprehensive analysis of their fundamental competencies, and thereby keeping competitive landscape of the market in front of the client.
Global peripheral intravenous (IV) catheter market was valued at USD 1.67 billion in 2021 and is expected to reach USD 2.63 billion by 2029, registering a CAGR of 5.5% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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A peripheral intravenous catheter (PIVC) is a thin flexible tube that is placed into a vein in the arm or leg to deliver medications and nutritional supplements. Blood samples are also collected for diagnostic purposes. Short peripheral intravenous catheters (PIVCs) and integrated/closed catheters are the two types of peripheral intravenous (IV) catheters (PIVCs).
Peripheral Intravenous (IV) Catheter Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Growing Requirement Across Healthcare
The increase in prevalence of chronic diseases and rise in population aging are the most significant factors driving the growth for this market. The rise in number of hospitalizations is also expected to accelerate the market's overall growth.
Furthermore, the rise in focus on curtailing needle-stick injuries and high healthcare expenditure are also expected to fuel market growth. Moreover, the high adoption of safety ported short peripheral intravenous catheters also cushions the market’s growth within the forecasted period. The high adoption of these products in emerging economies is also projected to bolster the market's growth.
Some of the major players operating in the peripheral intravenous (IV) catheter market are:
- BD (U.S.)
- B. Braun Melsungen AG (German)
- Smith Medical (U.S.)
- Terumo Corporation (Japan)
- Vygon (France)
- ICU Medical, Inc (U.S.)
- VOGT Medical (Germany)
- RenovoRx, Inc (U.S.)
- Retractable Technologies Inc (U.S.)
- Nipro (Japan)
- MedSource Labs (U.S.)
- Argon Medical Devices, Inc (U.S.)
- Intra Special Catheters GmbH (Germany)
- Greiner Bio-One International GmbH (Austria)
- Medical Components, Inc (U.S.)
- Ares Medikal (Turkey)
- ACE MEDICAL COMPANY (U.S.),
- Merit Medical Systems (U.S.)
- Heka s.r.l, (Italy)
- RAUMEDIC AG (Germany)
- Teleflex Incorporated (U.S.)
Global Peripheral Intravenous (IV) Catheter Market Scope
The peripheral intravenous (IV) catheter market is segmented on the basis of product type, technology, applications and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Short Peripheral Intravenous Catheters
- Integrated/Closed PIVC
On the basis of product type, the peripheral intravenous (IV) catheter market is segmented into short peripheral IV catheters and integrated/closed PIVC. Short peripheral intravenous catheters are expected to occupy the larger market share due the various technological advancements within forecasted period.
Technology
- Conventional PIVC
- Safety PIVC
On the basis of technology, the peripheral intravenous (IV) catheter market is segmented into conventional PIVC and safety PIVC.
Applications
- Oncology
- Gastroenterology
- Renal Diseases
- Pediatric Diseases
- Infectious Diseases
- Others
On the basis of applications, the peripheral intravenous (IV) catheter market is segmented into oncology, gastroenterology, renal diseases, pediatric diseases, infectious diseases and others.
End User
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Home Use
- Others
On the basis of end user, the peripheral intravenous (IV) catheter market is bifurcated into hospitals, ambulatory surgical centers, clinics, home use and others.
Key takeaways from the Peripheral Intravenous (IV) Catheter Market report:
- Detailed considerate of Peripheral Intravenous (IV) Catheter Market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.
- Comprehensive valuation of all prospects and threat in the
- In depth study of industry strategies for growth of the Peripheral Intravenous (IV) Catheter Market-leading players.
- Peripheral Intravenous (IV) Catheter Market latest innovations and major procedures.
- Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.
- Conclusive study about the growth conspiracy of Peripheral Intravenous (IV) Catheter Market for forthcoming years.
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