The Global Peripheral Intravenous (IV) Catheter Market research report authenticates and affirms the findings listed by the research analysts. This report opens a discussion about the changing economy, governing policies, and political shifts that are expected to shape the market. The report is objective in nature but includes valuable comments by subject-matter experts. The analytical approach of the research report allows the readers to get a detailed understanding of the finest nuances affecting the market dynamics. Moreover, the Peripheral Intravenous (IV) Catheter Market report helps in figuring out brand awareness, market landscape, possible future issues, industry trends, and customer behavior which finally leads to developed business strategies.
The Global Peripheral Intravenous (IV) Catheter Market is expected to reach USD 6.73 billion by 2025, from USD 4.03 billion in 2017 growing at a CAGR of 6.1% during the forecast period of 2018 to 2025. Global Peripheral Intravenous (IV) Catheter Market, By Product Type (Short PIVC, Integrated/Closed PIVC), By Technology (Short Peripheral Intravenous Catheter, Ported Peripheral Intravenous Catheter, Non-ported Peripheral Intravenous Catheter, Integrated/Closed Peripheral Intravenous Catheter), By End Users, By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
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Major Market Drivers and Restraints:
- Increase in number of hospitalizations
- Increasing popularity of integrated/closed peripheral intravenous catheters
- Increased adoption of safety ported short peripheral intravenous catheters
- Increased implementation of product bundling strategy
- Complications associated with peripheral intravenous catheters (PIVCs)
Major Market Competitors/Players:
- Braun Melsungen
- R. Bard
- Smiths Medical
- STENTYS SA
- VOGT MEDICAL
- Terumo Corporation
- Retractable Technologies
- Intra special cathers
- RAYS health and safety
- Vigmed and Vygon
- Among others.
Definition of Global Peripheral Intravenous (IV) Catheter Market:
The peripheral intravenous catheter (PIVC) is a small flexible tube. This is inserted into a peripheral vein for the delivery of medicines and nutritional supplements. It is widely helpful in the collection of blood samples for diagnostic purpose. The peripheral intravenous catheters can be divided into two types, short peripheral intravenous catheters (PIVCs) and integrated/closed catheters (PIVCs). Once the catheter is in place, the Peripheral intravenous catheters can be removed. This is inserted into the patient’s body using a needle. After this process is done the peripheral intravenous catheter is attached to the patient skin by using medical adhesive tape. In 2014, about 20.0 million people visited physicians’ offices with the detection of cancer as the primary diagnosis, 17.8 million people visited physicians’ offices, and 3.9 million people visited hospital outpatient departments due to infectious and parasitic diseases in the US. According to the Centers for Disease Control and Prevention (CDC), in 2014, there were 141.4 million emergency department visits which further resulted in 11.2 million hospital admissions and 1.8 million critical care unit admissions in the US. This showed that the people of US had one or more chronic health conditions.
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Segmentation of Global Peripheral Intravenous (IV) Catheter Market:
Based on product type:
- Short Peripheral Intravenous Catheter
- Ported Peripheral Intravenous Catheter
- Non-Ported Peripheral Intravenous Catheter
- Integrated/Closed Peripheral Intravenous Catheter.
On the basis of technology:
- Conventional Peripheral Intravenous Catheter
- Safety Peripheral Intravenous Catheter
On the basis of end users:
- Ambulatory Centers
- Community Healthcare
Based on geography:
- North America
- South America
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Frequently Asked Questions:
- What will the market size be in 2025?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2025?
- Which strategies are used by top players in the Global Peripheral Intravenous (IV) Catheter Market?
Competitive Analysis of Global Peripheral Intravenous (IV) Catheter Market:
The global peripheral intravenous (IV) catheter market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of peripheral intravenous (IV) catheter market for global, Europe, North America, Asia Pacific and South America.
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