Global Peripheral Intravenous (IV) Catheter Market, By Product Type (Short Peripheral IV Catheters, Integrated/Closed PIVC), Technology (Conventional PIVC, Safety PIVC), Applications (Oncology, Gastroenterology, Renal Diseases, Pediatric Diseases, Infectious Diseases and Others), End User (Hospitals, Ambulatory Surgical Centers, Clinics, Home Use, Others)– Industry Trends and Forecast to 2029
Global Peripheral Intravenous (IV) Catheter Market Analysis and Size
Over the last three decades, the diseases such as the cardiovascular, urological, and neurological disorders have surpassed cancer as the leading cause of death and morbidity worldwide. According to Department of Health figures from 2015, more than 40 percent of New York adults have a chronic ailment, and chronic diseases account for 23 percent of all hospitalizations in the state. Consequently, the market is expected to be driven by an increase in the use of peripheral intravenous catheters in the treatment of chronic disorders that lead to hospitalization within the forecasted period.
- Global peripheral intravenous (IV) catheter market was valued at USD 1.67 billion in 2021 and is expected to reach USD 2.63 billion by 2029, registering a CAGR of 5.5% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Peripheral Intravenous (IV) Catheter Market Definition
A peripheral intravenous catheter (PIVC) is a thin flexible tube that is placed into a vein in the arm or leg to deliver medications and nutritional supplements. Blood samples are also collected for diagnostic purposes. Short peripheral intravenous catheters (PIVCs) and integrated/closed catheters are the two types of peripheral intravenous (IV) catheters (PIVCs).
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
By Product Type (Short Peripheral IV Catheters, Integrated/Closed PIVC), Technology (Conventional PIVC, Safety PIVC), Applications (Oncology, Gastroenterology, Renal Diseases, Pediatric Diseases, Infectious Diseases and Others), End User (Hospitals, Ambulatory Surgical Centers, Clinics, Home Use, Others)
U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
Market Players Covered
BD (U.S.), B. Braun Melsungen AG (German), Smith Medical (U.S.), Terumo Corporation, Vygon (France), ICU Medical, Inc. (U.S.), VOGT Medical (Germany), RenovoRx, Inc., (U.S.), Retractable Technologies Inc. (U.S.), Nipro (Japan), MedSource Labs (U.S.), Argon Medical Devices, Inc.,(U.S.), Intra Special Catheters GmbH (Germany), Greiner Bio-One International GmbH (Austria), Medical Components, Inc., (U.S.), Ares Medikal (Turkey), ACE MEDICAL COMPANY (U.S.),, Merit Medical Systems, (U.S.), Heka s.r.l, (Italy), RAUMEDIC AG (Germany) and Teleflex Incorporated (U.S.)
Peripheral Intravenous (IV) Catheter Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Growing Requirement Across Healthcare
The increase in prevalence of chronic diseases and rise in population aging are the most significant factors driving the growth for this market. The rise in number of hospitalizations is also expected to accelerate the market's overall growth.
Furthermore, the rise in focus on curtailing needle-stick injuries and high healthcare expenditure are also expected to fuel market growth. Moreover, the high adoption of safety ported short peripheral intravenous catheters also cushions the market’s growth within the forecasted period. The high adoption of these products in emerging economies is also projected to bolster the market's growth.
- Growing Technological Advancements
Moreover, the advancement in surgical and treatment technologies are estimated to generate lucrative opportunities for the market. Rise in awareness on advanced methods of treatment will further offer numerous growth opportunities for the market.
Restraints/Challenges Peripheral Intravenous (IV) Catheter Market
- High Costs and Other Complications
On the other hand, high cost of peripheral intravenous (IV) catheters is expected to curb the market growth. Moreover, the various complications associated with peripheral intravenous catheter are .expected to obstruct the growth of the peripheral intravenous (IV) catheter market,
- Dearth of Professionals
Also, the shortage of skilled professionals or lack of training for the use of peripheral IV catheters are projected to challenge the peripheral intravenous (IV) catheter market in the forecast period of 2022-2029.
- Lack of Knowledge/ Awareness on Safe Usage
The inadequate information regarding the safe usage of peripheral intravenous (IV) catheter, further results in secondary infections due to needle stick injuries and HAIs leads to lower adoption of the peripheral intravenous catheters, which will hamper the growth. Moreover, the painful insertion associated with these catheters is estimated to hinder the market's overall growth.
This peripheral intravenous (IV) catheter market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the peripheral intravenous (IV) catheter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post Covid-19 Impact on Peripheral Intravenous (IV) Catheter Market
The peripheral intravenous (IV) catheter market was negatively impacted by the outbreak of COVID-19. COVID-19 pandemic posed significant difficulties to participants in the worldwide peripheral intravenous catheter market on a number of fronts
Various challenges emerged due to the imposition of the government's lockdown and social distancing restrictions to curb the COVID-19 pandemic outbreak. This further led to halt of various operations, supply chain disruptions, stifling business growth, technology event cancellations, suspensions of new developments and has affected the overall production and sales, limiting the industry's expansion. The supply of raw materials necessary to produce peripheral intravenous catheters is difficult due to transportation facility inconsistencies. Furthermore, due to an increase in the number of patients suffering from COVID-19 and other life-threatening conditions, product distributors are experiencing erratic demand from retailers.
However, the market will witness a slight increment post COVID-19, as the manufacturers are focusing on various developments and innovations, market trends and other expansion strategies.
Global Peripheral Intravenous (IV) Catheter Market Scope
The peripheral intravenous (IV) catheter market is segmented on the basis of product type, technology, applications and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Short Peripheral Intravenous Catheters
- Integrated/Closed PIVC
On the basis of product type, the peripheral intravenous (IV) catheter market is segmented into short peripheral IV catheters and integrated/closed PIVC. Short peripheral intravenous catheters are expected to occupy the larger market share due the various technological advancements within forecasted period.
- Conventional PIVC
- Safety PIVC
On the basis of technology, the peripheral intravenous (IV) catheter market is segmented into conventional PIVC and safety PIVC.
- Renal Diseases
- Pediatric Diseases
- Infectious Diseases
On the basis of applications, the peripheral intravenous (IV) catheter market is segmented into oncology, gastroenterology, renal diseases, pediatric diseases, infectious diseases and others.
- Ambulatory Surgical Centers
- Home Use
On the basis of end user, the peripheral intravenous (IV) catheter market is bifurcated into hospitals, ambulatory surgical centers, clinics, home use and others.
Peripheral Intravenous (IV) Catheter Market Regional Analysis/Insights
The peripheral intravenous (IV) catheter market is analyzed and market size insights and trends are provided by country, product type, technology, applications and end user as referenced above.
The countries covered in the peripheral intravenous (IV) catheter market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the peripheral intravenous (IV) catheter market because of the large pool of geriatric population, well-developed healthcare infrastructure, high healthcare spending, and advancement in technology within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rise in disposable income, improving healthcare infrastructure and high growth in medical tourism industry within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The peripheral intravenous (IV) catheter market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for peripheral intravenous (IV) catheter market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the peripheral intravenous (IV) catheter market. The data is available for historic period 2010-2020.
Competitive Landscape and Peripheral Intravenous (IV) Catheter Market Share Analysis
The peripheral intravenous (IV) catheter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to peripheral intravenous (IV) catheter market.
Some of the major players operating in the peripheral intravenous (IV) catheter market are:
- BD (U.S.)
- B. Braun Melsungen AG (German)
- Smith Medical (U.S.)
- Terumo Corporation (Japan)
- Vygon (France)
- ICU Medical, Inc (U.S.)
- VOGT Medical (Germany)
- RenovoRx, Inc (U.S.)
- Retractable Technologies Inc (U.S.)
- Nipro (Japan)
- MedSource Labs (U.S.)
- Argon Medical Devices, Inc (U.S.)
- Intra Special Catheters GmbH (Germany)
- Greiner Bio-One International GmbH (Austria)
- Medical Components, Inc (U.S.)
- Ares Medikal (Turkey)
- ACE MEDICAL COMPANY (U.S.),
- Merit Medical Systems (U.S.)
- Heka s.r.l, (Italy)
- RAUMEDIC AG (Germany)
- Teleflex Incorporated (U.S.)
Research Methodology : Global Peripheral Intravenous (IV) Catheter Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-peripheral-intravenous-iv-catheter-market
Customization Available : Global Peripheral Intravenous (IV) Catheter Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.