The size of the global Peripheral Intravenous Catheters Market is anticipated to expand steadily throughout the forecast period. Widespread adoption of catheterization procedures in patient inspection, diagnosis, and treatment is likely to fuel the demand for PIVC, which is projected to rise by 9.0% Y-o-Y annually to $11.03 billion by 2032. Growing disease prevalence will be a major factor in the market’s expansion. Although Asia Pacific is predicted to grow at the highest rate, North America is likely to continue to be the largest market.
Rising illness prevalence will continue to be a key driver pushing the market for PIVC by increasing demand for catheterization. Peripheral intravenous catheter use in body fluid collection during a patient’s physical examination, in addition to its use in drug administration, is emerging as a key market growth driver.
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Market Overview:
The demand for catheters in hospitals, clinics, ambulatory surgery centres, home healthcare units, and other healthcare facilities is anticipated to increase as infections and epidemics become more common. In addition to the ongoing improvement of the healthcare infrastructure, consumers are spending more money on healthcare, which will help the industry expand.
Particularly good sales effects from PIVC technology advances will drive the market. The superiority of the peripheral intravenous catheter over its competitors will continue to promote adoption as a preferred choice over other catheter types, ultimately bolstering PIVC sales.
Additionally, there have been increasing efforts to produce user-friendly, non-irritating peripheral intravenous catheters. Additionally, producers are aiming to improve PIVC design to get rid of the related issues. This is anticipated to have a significant beneficial impact on the market’s growth.
A few qualitative and technological complications associated with material composition, design, and after-effects of PIVC are expected to continue affecting mass adoption. In addition, market growth may be restricted due to expensive prices of peripheral intravenous catheter, especially in emerging economies. Conventional PIVC sales can also witness a drop owing to certain stringent medical device regulations in some of the developing countries.
Some of the leading players in peripheral intravenous catheter market, include Becton Dickinson and Company, B. Braun Melsungen AG, Smith Medical, C. R. Bard, Inc., Vygon Group, Terumo Corporation, and Tangent Medical.
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Market Segmentation
To understand and assess opportunities in the global peripheral intravenous catheter market, we have divided the report into four sections based on market segmentation as under:
By Product Type
- Short PIVC
- Ported PIVC
- Non-ported PIVC
- Integrated/closed PIVC
By Technology
- Conventional PIVC
- Safety PIVC
By End-user
- Hospitals
- Ambulatory surgical centres
- Clinics
- Home use
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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