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How Is The Peripheral IV Catheters Market Size Likely To Evolve From 2025 Through 2034?
The peripheral iv catheters market size has experienced significant expansion in recent years. It is anticipated to increase from $5.43 billion in 2024 to $5.74 billion in 2025, at a compound annual growth rate (CAGR) of 5.8%. The growth observed in the historical period stems from various factors, including growing healthcare facilities, an aging population and chronic diseases, the rise in surgical and medical procedures, increased hospital admissions, and the demand for vascular access devices.
The peripheral iv catheters market size is projected to experience substantial expansion over the upcoming years. This market is anticipated to reach $8.24 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 9.4%. Several factors will fuel this growth during the forecast period, including the increasing adoption of minimally invasive procedures and catheters, the use of short peripheral catheters for outpatient care, efforts to prevent catheter-related bloodstream infections, the expanding scope of home healthcare, and the incorporation of antimicrobial coatings. Key trends expected within the forecast period encompass ultrasound-guided peripheral iv catheter insertion, a focus on reducing complications and catheter failure, the emergence of wireless communication for catheter monitoring, an emphasis on patient-centered catheter care, and a general shift towards disposable catheters.
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Which Drivers Are Supporting Growth Of The Peripheral IV Catheters Market?
An increase in chronic disease cases is projected to drive the expansion of the peripheral IV catheters market. These catheters find frequent application in addressing numerous chronic conditions, including cancer and cardiovascular ailments, among others. For example, data from March 2022, released by the Australian Bureau of Statistics – a self-governing statutory body in Australia responsible for collecting and analyzing data and factual proposals – revealed that nearly half of the populace (46.6%, equating to 11.6 million individuals) suffered from at least one chronic condition. The primary chronic issues identified were mental and behavioral disorders (20.1%), followed by back pain (15.7%), and arthritis (12.5%). Consequently, the increasing occurrence of chronic illnesses is anticipated to boost the expansion of the peripheral IV catheters market.
What Are The Major Segments Identified In The Peripheral IV Catheters Market?
The peripheral iv cathetersmarket 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
Subsegments:
1) By Short Peripheral Intravenous Catheters: Over-the-Needle Catheters; Winged Infusion Sets
2) By Integrated/Closed Peripheral Intravenous Catheters (PIVC): Safety Catheters; Antimicrobial Catheters; Smart Catheters
What Are The Major Trends Driving The Growth Of The Peripheral IV Catheters Market?
Technological progress is significantly influencing the peripheral IV catheters market. Many companies within this sector are focused on developing novel products to offer technically improved solutions to their customers. For instance, B. Braun Medical, an American company specializing in infusion therapy, released its new Introcan Safety 2 IV catheter, which features one-time blood control. This innovative product enhances the safety of IV access for clinicians by reducing the potential for needlestick injuries.
Which Major Firms Are Strengthening Their Position In The Peripheral IV Catheters Industry?
Major companies operating in the peripheral iv catheters market include 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., Tangent Medical Technologies Inc., Vigmed AB, Venner Medical, C. R. Bard Inc., MedSource Labs, Intra Special Catheters GmbH, Greiner Bio-One International GmbH, Ares Medikal, Ace Medical Company, Heka s.r.l, Raumedic AG, Vogt Medical Vertrieb GmbH, RenovoRx Inc., Retractable Technologies Inc., AngioDynamics Inc., ICU Medical Inc., Medtronic plc, Edwards Lifesciences Corporation, Cook Group Incorporated, Stryker Corporation, Boston Scientific Corporation, Johnson & Johnson, Abbott Laboratories, Merit Medical Systems Inc.
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Which Region Is Expected To Witness The Fastest Growth In The Peripheral IV Catheters Market?
North America was the largest region in the peripheral IV catheters market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the peripheral iv catheters market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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