The global peripheral intravenous catheter market is poised for significant expansion, with projections indicating a market size exceeding USD 13,006.1 million by 2034. This growth represents a robust compound annual growth rate (CAGR) of 7.2% from 2024, up from USD 6,489.3 million in 2024.
This upward trajectory highlights the growing demand for advanced catheter technologies across medical settings worldwide. With increasing healthcare needs and a focus on improving patient care, the demand for peripheral intravenous catheters—vital tools used for intravenous access—is rising steadily. This surge is being driven by advancements in catheter design, patient safety, and overall clinical efficacy.
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The PIVC market’s expansion is also fueled by innovations aimed at reducing complications such as infections and improving patient comfort. As hospitals and clinics adopt more sophisticated solutions to meet the demands of an aging population and the increasing prevalence of chronic conditions, peripheral intravenous catheters are expected to remain a core component of medical practice for years to come.
With a promising outlook, the market stands to benefit from ongoing technological advancements, increasing investments, and expanding global healthcare infrastructure. Stakeholders across the medical device industry can look forward to a thriving market fueled by innovation and rising healthcare demands worldwide.
Market Segmentation and Regional Highlights:
- Product Type: The short peripheral IV catheter segment is expected to dominate, accounting for 35.1% of the market share in 2024.
- Technology: Safety PIVC technology holds the leading position in the segment with a market share of 30.3% in 2024.
- Regional Insights:
- The peripheral intravenous catheter market in India and the United States is forecasted to grow at a CAGR of 7.5% through 2034.
- China’s market is anticipated to develop at a 7% CAGR, while Italy and Japan are projected to grow at 6.7% and 6.6% CAGRs, respectively.
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Competitive Landscape:
Leading companies in the PIVC market include Becton, Dickinson and Company, B. Braun Melsungen AG, Smiths Group plc, Terumo Corporation, Venner Medical, Vygon, Teleflex Incorporated, and C. R. Bard, Inc. These companies are focusing on collaboration with healthcare providers to drive innovation and patient-centric outcomes, while also launching more affordable and effective products.
Recent Developments:
- In October 2023, B. Braun Medical Inc. expanded its Peripheral Advantage® Program to address health inequities in vascular access and improve standards of care for intravenous therapies.
- BD launched PIVO™ Pro in November 2023, an innovative needle-free blood draw technology that aligns with BD’s vision of a “One-Stick Hospital Stay,” aiming to reduce needlesticks, improve patient experience, and enhance clinical outcomes.
Market Segmentation:
- By Product Type: Short Peripheral IV Catheter, Ported PIVC, Non-Ported PIVC, Integrated/Closed PIVC, Closed with Extension Sets, Closed PIVC
- By Technology: Conventional PIVC, Safety PIVC, Closed with Extension Set, Active PIVC with Blood Control, Passive PIVC with Blood Control, Active PIVC, Passive PIVC
- By End User: Hospitals, Ambulatory Surgical Centers (ASCs), Clinics, Home Use, and Others
- By Region: North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe
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