What are the Growth Predictions for the Global Peripheral IV Catheters Market?
The peripheral IV catheters market size has experienced robust growth, escalating from $5.43 billion in 2024 to an expected $5.79 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. This expansion in the historic period can be credited to increasing healthcare facilities, the growing aged populace and chronic illnesses, enhanced surgical and medical procedures, and surging hospital admissions, in conjunction with heightened demand for vascular access devices.
Continuing this positive trajectory, the peripheral IV catheters market size is projected to flourish, reaching an impressive $8.36 billion by 2029, growing at a CAGR of 9.6%. Foreseen developments include advancements in minimally invasive procedures and catheters, the integration of antimicrobial coatings, and the expansion of home healthcare, bolstered by a steady shift towards disposable catheters and technological advancements such as wireless communication for catheter monitoring.
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What Factors are Propelling the Growth of the Peripheral IV Catheters Market?
The escalating prevalence of chronic diseases worldwide acts as a significant driver for the expansion of the peripheral IV catheters market. These catheters play a crucial role in treating various chronic illnesses like cancer, cardiovascular diseases among others. For example, in March 2022, statistics from the Australian Bureau revealed that nearly half the Australian populace (46.6%, or 11.6 million) had at least one chronic illness, consequently, bolstering the market growth.
What Are The Main Segments of The Peripheral IV Catheters Market?
The major segments in the peripheral IV catheters market are:
1) By Product Type:
– Short Peripheral Intravenous Catheters
– Integrated/Closed Peripheral Intravenous Catheters (PIVC)
2) By Technology:
– Conventional Peripheral Intravenous Catheters (PIVC)
– Safety Peripheral Intravenous Catheters (PIVC)
3) By End-User:
– Hospitals
– Clinics
– Ambulatory Surgical Centers
– Home Healthcare
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Who Are The Major Players In The Peripheral IV Catheters Market?
Leading manufacturers in the global peripheral IV catheters market encompass Becton, Dickinson and Company, B. Braun Melsungen AG, Smiths Medical Inc., Vygon SAS, Terumo Corporation, Teleflex Incorporated, NIPRO Medical Corporation, Argon Medical Devices Inc., Medical Components Inc., Vascular Pathways Inc., and several others.
What Recent Trends Are Influencing The Peripheral IV Catheters Market?
Technological advancements are revolutionizing the peripheral IV catheters market. Numerous companies are launching innovatively enhanced offerings to meet evolving customer needs. For instance, B. Braun Medical launched its latest Introcan Safety 2 IV catheter featuring one-time blood-control, significantly reducing risk associated with needlestick injuries.
Which Region Predominates The Peripheral IV Catheters Market?
North America dominated the peripheral IV catheters market in 2024 and continues to be the region showing the fastest growth. However, the market report also covers other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East and Africa.
What Does The Peripheral IV Catheters Market Report 2025 Offer?
Peripheral IV catheters are flexible tubes placed into veins to administer medications and nutritional supplements. These catheters also enable blood sampling, proving essential for therapeutic applications. This Peripheral IV Catheters Market research report from The Business Research Company offers an in-depth analysis of market size, growth rate, regional shares, competitor landscape, detailed segments, trends, and opportunities.
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