The global demand for Peripheral IV Catheters Market is presumed to reach the market size of nearly USD 12.47 BN by 2032 from USD 5.24 BN in 2023 with a CAGR of 10.12% under the study period 2024 - 2032.
Peripheral Intravenous (IV) Catheters, commonly known as peripheral IV lines or PIV catheters, are medical devices used to administer fluids, medications, or blood products directly into a patient's veins. These catheters are inserted into peripheral veins, typically in the arms, hands, or legs, and provide a temporary pathway for intravenous therapy.
Market Dynamics
The Peripheral Intravenous (IV) Catheters market is driven by various factors associated with the demand for intravenous therapy across diverse healthcare settings. The increasing global patient population, a surge in surgical procedures, and the expansion of healthcare infrastructure contribute to the demand for these catheters. The prevalence of chronic diseases and the aging population further amplify the need for intravenous interventions, with Peripheral IV catheters being essential tools in such scenarios. Ongoing technological advancements focus on improving safety features, patient comfort, and ease of use, fostering market growth. Emergency care, trauma cases, and the rise of home healthcare trends also fuel the demand for peripheral IV catheters. Factors such as infection control awareness, reimbursement policies, and the impact of global pandemics underscore the significance of these catheters in healthcare facilities. The cost-effectiveness of peripheral IV catheters compared to alternative access methods enhances their widespread use, reflecting the dynamic nature of the healthcare industry and the continuous pursuit of improved patient care.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of peripheral iv catheters. The growth and trends of peripheral iv catheters industry provide a holistic approach to this study.
Market Segmentation
This section of the peripheral iv catheters market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Short PIVC
- Integrated/Closed Catheters
By Technology
By End-User
- Hospitals
- Ambulatory Surgical Centres
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Peripheral IV Catheters market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Peripheral IV Catheters Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Peripheral IV Catheters market include BD Medical, B. Braun Melsungen AG, Terumo Corporation, Nipro Corporation, Smith Medical, Vygon S.A., ICU Medical, Inc., VOGT Medical, RenovoRx, Inc, Retractable Technologies Inc., MedSource Labs, Argon Medical Devices, Inc., Intra Special Catheters GmbH. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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