- Peripheral intravenous (IV) catheters are essential medical devices used for the administration of fluids, medications, and nutrients directly into the bloodstream, commonly employed in hospitals and outpatient settings
- The demand for these devices is significantly driven by the increasing prevalence of chronic diseases, growing surgical procedures, and rising hospital admissions globally
- North America is expected to dominate the peripheral intravenous (IV) catheter market with a market share of 38.5%, due to robust healthcare infrastructure, widespread use of IV therapy in chronic disease management, and strong adoption of technologically advanced catheter solutions
- Asia-Pacific is expected to be the fastest growing region in the peripheral intravenous (IV) catheter market with a market share of 22.4%, during the forecast period due to increasing healthcare expenditure, rising patient awareness, and expanding access to IV therapy across both urban and rural regions
- Conventional PIVC segment is expected to dominate the market with a market share of 71.3% due to its widespread clinical adoption, lower cost compared to safety catheters, and ease of use in routine medical procedures
