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The peripheral IV catheters market has witnessed robust growth, driven by factors such as increased healthcare facilities, an aging population, and the demand for vascular access devices.

Current Market Size

• Surging from $5.19 billion in 2023 to $5.58 billion in 2024.
• A notable Compound Annual Growth Rate (CAGR) of 7.4% signifies the market’s strength.

Historical Contributors

• Growing healthcare facilities.
• Aging population and prevalence of chronic diseases.
• Surgical and medical procedures.
• Increased hospital admissions.
• Rising demand for vascular access devices.

Anticipating Strong Growth Ahead
Projected Expansion

• The market is forecasted to reach $7.67 billion in 2028.
• A compound annual growth rate (CAGR) of 8.3% indicates continued robust growth.

Future Growth Drivers

• Minimally invasive procedures and catheters.
• Short peripheral catheters for outpatient care.
• Prevention of catheter-related bloodstream infections.
• Expansion of home healthcare.
• Integration of antimicrobial coatings.

Emerging Trends in the Forecast Period
Ultrasound-Guided Catheter Insertion

• A significant trend in the forecast period.
• Utilizing ultrasound for precise peripheral IV catheter insertion.

Focus on Reduced Complications

• Emphasis on minimizing complications and catheter failure.
• Advancements in catheter design and technology contribute to improved patient outcomes.

Wireless Communication for Monitoring

• Integration of wireless communication for catheter monitoring.
• Real-time monitoring enhances patient care and streamlines healthcare processes.

Patient-Centered Catheter Care

• A shift towards patient-centered catheter care.
• Tailoring catheter solutions to individual patient needs for enhanced comfort and effectiveness.

Transition to Disposable Catheters

• A notable trend in the forecast period.
• Increased preference for disposable catheters for their convenience and reduced infection risk.

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Chronic Diseases Fueling Market Growth
Rising Chronic Disease Prevalence

• A significant driver of market expansion.
• Peripheral IV catheters play a crucial role in managing chronic conditions like cancer and cardiovascular diseases.

Statistics on Chronic Illness

• According to the Australian Bureau of Statistics, almost half of the population (46.6%) had at least one chronic illness in March 2022.
• Common chronic conditions included mental and behavioral problems (20.1%), back pain (15.7%), and arthritis (12.5%).

Market Leaders

• Key companies driving the market include Becton, Dickinson and Company, B. Braun Melsungen AG, and Smiths Medical Inc.

Innovations Shaping the Market
Peripheral Intravascular Lithotripsy (IVL) Catheters

• Innovative advancements in peripheral IV catheters.
• Peripheral intravascular lithotripsy catheters, like Shockwave M5+, break down calcium deposits in blood vessels, enhancing blood flow and vessel function.

BD’s Acquisition of Velano Vascular

• BD’s strategic acquisition of Velano Vascular in July 2021.
• Velano Vascular’s needle-free technology allows high-quality blood draws from existing peripheral intravenous catheters, enhancing patient care and safety.

Market Segmentation

1. Product Types:
   • Short Peripheral Intravenous Catheters.
   • Integrated/Closed Peripheral Intravenous Catheters (PIVC).
2. Technology:
   • Conventional Peripheral Intravenous Catheters (PIVC).
   • Safety Peripheral Intravenous Catheters (PIVC).
3. End Users:
   • Hospitals, Clinics, Ambulatory Surgical Centers, Home Healthcare.

Regional Dynamics
North America’s Leading Role

• North America dominated the peripheral IV catheters market in 2023.
• Expected to maintain its position as the fastest-growing region in the forecast period.

In conclusion, the peripheral IV catheters market continues to evolve, driven by technological innovations, a focus on patient-centered care, and an increasing prevalence of chronic diseases. As the healthcare landscape transforms, peripheral IV catheters play a pivotal role in enhancing patient outcomes and streamlining medical procedures.

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