The global peripheral intravenous catheters market is on an upward trajectory, poised for substantial growth in the coming decade. According to leading market analyses, the market size is currently estimated at US$ 5.7 Billion in 2022 and is expected to escalate, reaching a remarkable valuation of US$ 11.03 billion by 2032.
This robust projection reflects a steady annual growth rate of 7.2% from 2022 to 2032, underscoring the market’s resilience and potential for expansion.
Peripheral intravenous catheters serve as a critical component in modern healthcare, catering to diverse medical needs across various patient demographics. The projected surge in market value represents not only an increase in demand but also a testament to technological advancements and the increasing adoption of these catheters in medical practices worldwide.
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A driving factor behind the increased adoption of peripheral intravenous catheters is the prevalence of needlestick injuries among healthcare professionals. The demand for safer drug delivery devices that mitigate this risk while enhancing patient comfort has surged, contributing significantly to the market’s expansion.
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
- Smiths Group plc.
- Terumo Corporation
- Venner Medical
- Vygon
- Teleflex Incorporated
- C. R. Bard, Inc.
- NIPRO Medical Corporation
- Argon Medical Devices, Inc.
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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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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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