In-Depth Insights into the Peripheral IV Catheters Market: Growth, Trends, and Opportunities for 2025-2034
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How has the peripheral iv catheters market grown over the years?
The market size of peripheral iv catheters has seen robust growth in previous years. It is expected to expand from a value of $5.43 billion in 2024 to around $5.79 billion in 2025 with a compound annual growth rate (CAGR) of 6.6%. The historical growth can be linked to the expansion of healthcare facilities, an aging population, and the rise of chronic diseases, as well as surgical and medical procedures, increased hospital admissions and a heightened demand for vascular access devices.
What Is the forecasted market size and growth rate for the peripheral iv catheters market?
Anticipating a robust expansion in the coming years is the peripheral iv catheters market, which is projected to reach $8.36 billion by 2029 with a 9.6% compound annual growth rate (CAGR). The anticipated growth in this time frame can be associated with factors like minimal invasive procedures and catheters, short peripheral catheters usage in outpatient care, prevention of catheter-related bloodstream infection, the rise in home healthcare and the incorporation of antimicrobial coatings. Upcoming trends in the forecast period include the use of ultrasound for peripheral iv catheter placement, minimizing complications and catheter malfunction, the adoption of wireless communication for catheter monitoring, a patient-centric approach to catheter care, and a move towards the use of disposable catheters.
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What are the major factors driving growth in the peripheral iv catheters market?
The peripheral IV catheters market is predicted to grow due to an increase in chronic diseases. Peripheral intravenous catheters are routinely applied for handling numerous chronic diseases like cancer, cardiovascular diseases, among others. For instance, in March 2022, the Australian Bureau of Statistics, an independent statutory body responsible for collecting and analyzing data in addition to making factual suggestions, reported that nearly half of the population (46.6%, or 11.6 million) had at least one chronic disease. Mental and behavioral disorders (20.1%), back pain (15.7%), and arthritis (12.5%) were identified as the most widespread chronic illnesses. Consequently, the growing incidence of chronic diseases is predicted to boost the peripheral IV catheters market’s expansion.
What key areas define the segmentation of the global peripheral iv catheters Market?
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
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
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What are the top market players propelling the growth of 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.
What are the key trends shaping the future of the peripheral iv catheters market?
Advances in technology are influencing the peripheral IV catheters market. Numerous companies are designing innovative products to offer technically advanced solutions to their customers. For instance, B. Braun Medical, an American infusion therapy firm, introduced the Introcan Safety 2 IV catheter that integrates one-time blood control. This novel product amplifies the safety of IV access for medical professionals by diminishing the chances of needle-stick damages.
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What regions are dominating the peripheral iv catheters market growth?
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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