Peripheral IV Catheters Market Forecast 2024 to 2032
Peripheral IV Catheters Market was valued at USD 4,328.78 Million in 2022 and is expected to register CAGR of 3.53% by 2032.
Peripheral IV Catheters Market Forecast 2024 to 2032
Peripheral IV catheters, also known as peripheral intravenous catheters or PIVs, are medical devices used to gain access to the bloodstream for delivering fluids, medications, or blood products. They are typically inserted into a vein in the arm or hand, but can also be placed in the foot or scalp in certain situations.
The catheter is often made of materials such as polyurethane or silicone. It is typically equipped with a needle or a small, retractable introducer that helps guide the catheter into the vein. Once the catheter is inserted, the needle or introducer is removed, leaving only the catheter in place.
Report Overview:
The Peripheral IV Catheters Market was valued at USD 4,328.78 Million in 2022 and is expected to register CAGR of 3.53% by 2032.
Key factors such as rising incidence of chronic diseases, increasing hospitalizations and surgical procedures, and high focus on infection prevention are expected to drive global market growth during the forecast period.
The Peripheral IV Catheters Market is segmented By Type (Safety, Conventional) By Application (Hospitals, ASC, Clinics, Home Healthcare).
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Report Coverage:
By Type | Safety |
Conventional | |
By Application | Hospitals |
ASC | |
Clinics | |
Home Healthcare | |
By Region | North America |
Latin America | |
Western Europe | |
Eastern Europe | |
Middle East & Africa | |
Asia Pacific | |
Emerging Countries | |
Report Base Year | 2022 |
Report Forecast Year | Upto 2032 |
Historical Data | 2018-2022 |
Qualitative Info | Value Chain Analysis |
Pricing Analysis | |
Regional Outlook | |
Market Trends | |
Market Share Analysis | |
Competition Analysis | |
Technological Advancements |
Market Restraints:
Infection and Complication Risks: Peripheral IV catheters are prone to complications such as catheter-related bloodstream infections (CRBSIs), phlebitis, and infiltration/extravasation. These complications can lead to patient discomfort, longer hospital stays, increased healthcare costs, and even serious health consequences.
Availability of Alternative Vascular Access Devices: The peripheral IV catheter market faces competition from alternative vascular access devices such as midline catheters, peripherally inserted central catheters (PICCs), and implantable ports. These alternative devices offer benefits such as longer dwell times, reduced infection risks, and ease of use.
Key Companies:
Tangent Medical Technologies
Smith Medical
B. Braun Melsungen
C. R. Bard
Becton
Dickinson and Company
Argon Medical Devices
Terumo Corporation
Vygon SA
Teleflex
Vigmed AB
Our Report Takes into Consideration Revenues of All the Tier 1, 2, and 3 Players In The Market
Recent News:
MedSource Labs Awarded PIVC Agreement with Premier (click here)
B. Braun launches Introcan Safety 2 IV Catheters (click here)
Shockwave Medical Announces U.S. Launch of New Peripheral IVL Catheter (click here)
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Key Questions Addressed in the Report Include:
Which market segments are generating the most revenue?
What is the geographical outlook for various market segments?
Where are the future investment opportunities considering the recent trends?
What is the effect of various market dynamics on the market and how will the market shape in the future?
Which are Potential & niche segments and regions exhibiting promising growth?
What are the current challenges in Peripheral IV Catheters Market?
Who are the major players in the Peripheral IV Catheters Market and what does market share analysis looks like?
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