Healthcare

Strategies For Global Peripheral IV Catheters Market

The Peripheral IV Catheters Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Peripheral IV Catheters Global Market Report 2024, The peripheral iv catheters market size has grown strongly in recent years. It will grow from $5.19 billion in 2023 to $5.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to growing healthcare facilities, aging population and chronic diseases, surgical and medical procedures, increased hospital admissions, demand for vascular access devices.

The peripheral iv catheters market size is expected to see strong growth in the next few years. It will grow to $7.67 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to minimally invasive procedures and catheters, short peripheral catheters for outpatient care, catheter-related bloodstream infection prevention, expansion of home healthcare, integration of antimicrobial coatings.. Major trends in the forecast period include ultrasound-guided peripheral iv catheter insertion, reduced complications and catheter failure, wireless communication for catheter monitoring, patient-centered catheter care, shift toward disposable catheters.

The rising prevalence of chronic diseases is expected to propel the growth of the peripheral IV catheters market. Peripheral intravenous catheters are commonly used in the management of various chronic diseases such as cancer, cardiovascular diseases, and others. For instance, in March 2022, according to the Australian Bureau of Statistics, an Australia-based self-governing statutory entity in charge of gathering and analyzing information as well as factual proposals, almost half of the population (46.6%, or 11.6 million) had a minimum of one chronic illness. The most common chronic conditions were mental and behavioral problems (20.1%), back pain (15.7%), and arthritis (12.5%). Therefore, the rising prevalence of chronic diseases is expected to propel the growth of the peripheral IV catheters market.

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The peripheral iv catheters market covered in this report is segmented –

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

Technological advancements are shaping the peripheral IV catheters market. Many companies in the market are developing new products to provide technically enhanced products to their users. B. Braun Medical, a US-based infusion therapy company, launched the new Introcan Safety 2 IV cathetar with one-time blood control. The new product makes the IV access safer for clinicians by reducing the risk of needlestick injuries.

The peripheral iv catheters market report table of contents includes: