Market Analysis on Peripheral IV Catheters Industry – Insights for Corporate Strategy and R&D
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What Is the Forecast for the Peripheral IV Catheters Market from 2024 to 2025?
The market size for peripheral IV catheters has seen a significant increase recently. The market is projected to expand from $5.43 billion in 2024 to $5.79 billion in 2025, with an anticipated compound annual growth rate (CAGR) of 6.6%. The past growth in this sector can be attributed to advancement in healthcare facilities, the rise in chronic illnesses and an aging population, increased surgical and medical procedures, a rise in hospital admissions, and demand for vascular access devices.
What Is the Projected Market Size of the Peripheral IV Catheters Market?
The market size of peripheral iv catheters is predicted to witness robust growth in the upcoming years. The valuation is expected to reach $8.36 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 9.6%. This growth during the forecast period is due to factors such as minimally invasive procedures, the usage of short peripheral catheters in outpatient care, prevention of catheter-related bloodstream infections, advancements in home healthcare, and the implementation of antimicrobial coatings. Significant trends expected during this period include the use of ultrasound-guided peripheral iv catheter placement, reduction in complications and catheter failures, employing wireless communication for monitoring catheters, patient-centric catheter care, and a shift towards the use of disposable catheters.
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Who are the Major Competitors in the Peripheral IV Catheters Market Outlook?
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 Is Fueling Growth in the Peripheral IV Catheters Market?
The escalating occurrence of chronic conditions is anticipated to foster the peripheral IV catheters market development. These catheters are regularly utilized in managing a variety of chronic diseases like cancer, cardiovascular illnesses and more. For example, in March 2022, as per the Australian Bureau of Statistics – a self-reliant statutory organization in Australia responsible for collecting and scrutinizing data and factual suggestions, nearly half of the population (46.6%, approx. 11.6 million people) suffered from at least one chronic disease. Mental and behavioral disorders topped the list of these chronic issues (20.1%), followed by back pain (15.7%), and arthritis (12.5%). Following this, the escalating occurrences of chronic conditions are predicted to foster the development of the peripheral IV catheters market.
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Which Peripheral IV Catheters Market Segments Are Growing the Fastest?
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
Which Industry Trends Are Shaping the Future of the Peripheral IV Catheters Market?
The evolution of technology is having a significant impact on the peripheral IV catheters market. Numerous businesses in this industry are making strides in designing and launching state-of-the-art products for their consumers. One such firm, B. Braun Medical, a leading infusion therapy producer based in the United States, recently unveiled the Introcan Safety 2 IV cathetar, featuring a unique one-time blood control mechanism. This innovative addition is designed to increase safety for medical practitioners by mitigating the danger associated with needlestick injuries.
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Which Countries Are Leading 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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This Report Delivers Insight On:
1. How big is the peripheral iv catheters market, and how is it changing globally?
2. Who are the major companies in the peripheral iv catheters market, and how are they performing?
3. What are the key opportunities and risks in the peripheral iv catheters market right now?
4. Which products or customer segments are growing the most in the peripheral iv catheters market?
5. What factors are helping or slowing down the growth of the peripheral iv catheters market?
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