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What Are The Market Size Estimates For The Peripheral IV Catheters Market?
The market for peripheral iv catheters has been experiencing robust growth in recent times. It is projected to expand from a value of $5.43 billion in 2024 to $5.74 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this growth during the historic period include improved healthcare infrastructure, an increase in the aging population and chronic illnesses, as well as a surge in surgical and medical procedures. Increased hospital admissions and a rising demand for vascular access devices have also played a key role.
In the coming years, the market size of peripheral IV catheters is projected to experience significant expansion. The market is predicted to reach a value of $8.24 billion by 2029, with an annual growth rate of 9.4%. This growth within the predicted period can be linked to factors such as the use of catheters and minimally invasive procedures, short peripheral catheters being utilized for outpatient care, prevention of catheter-related bloodstream infections, home healthcare expansion, and the integration of antimicrobial coatings. Key trends for the forecast period encompass ultrasound-guided peripheral IV catheter applications, a decrease in complications and catheter failure, the employment of wireless communication for monitoring catheter usage, focus on patient-oriented catheter care, and a shift towards the use of disposable catheters.
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Which Industry Forces Are Driving The Peripheral IV Catheters Market Forward?
The escalating occurrence of chronic ailments is anticipated to drive the expansion of the peripheral IV catheters market. These catheters are often utilized in dealing with numerous chronic illnesses like cancer, cardiovascular disorders, and more. For example, the Australian Bureau of Statistics revealed in March 2022 that nearly half (46.6% or 11.6 million) of Australia’s population suffered from at least one chronic condition. The prevalent chronic diseases included mental and behavioral disorders (20.1%), back aches (15.7%), and arthritis (12.5%). Consequently, the growing occurrence of chronic diseases is predicted to boost the expansion of the peripheral IV catheters market.
How Is The Peripheral IV Catheters Market Organized By Different Segments?
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 Future-Focused Trends Are Anticipated In The Peripheral IV Catheters Market?
The peripheral IV catheters market is being transformed by technological innovations. Several firms in the marketplace are introducing new goods to offer users technologically superior products. B. Braun Medical, an American infusion therapy company, has released the new Introcan Safety 2 IV catheter that has a one-time blood control feature. This new product enhances the safety of IV access for healthcare providers by minimizing the danger of needlestick injuries.
Who Are The Primary Market Leaders In The Peripheral IV Catheters Market?
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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How Do Regional Dynamics Influence The Peripheral IV Catheters Market Performance?
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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