Peripheral IV Catheters Market Overview: Market Size, Drivers And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest peripheral IV catheters market share in 2022.
The global peripheral iv catheters market size will grow from $4.8 billion in 2022 to $4.83 billion in 2023 at a compound annual growth rate (CAGR) of 0.5%. The peripheral iv catheters market size is expected to grow to $6.5 billion in 2027 at a CAGR of 7.7%.
Major Driver In The Peripheral IV Catheters Market – The Rising Prevalence Of Chronic Diseases
According to the World Health Organization (WHO), a United Nations specialized agency, cancer will be the top cause of death in 2020, accounting for over 10 million fatalities, or nearly one in every six deaths worldwide. In low and lower-middle-income nations, cancer-causing diseases such as human papillomavirus (HPV) and hepatitis are responsible for roughly 30% of cancer cases. As a result, the increased frequency of chronic diseases is likely to boost the peripheral IV catheters market forward.
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Key Peripheral IV Catheters Market Segments
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
Recent Peripheral IV Catheters Market Trend – Technological Advancement
Many market players are producing new items in order to deliver technologically advanced products to their customers. B. Braun Medical, an infusion therapy business based in the United States, has introduced the new Introcan Safety 2 IV cathetar with one-time blood control. By lowering the incidence of needlestick injuries, the new device makes IV access safer for clinicians.
Peripheral IV Catheters Market Prominent Players
Major players in the peripheral IV catheters market are Becton, Dickinson and Company, B. Braun Melsungen AG, Smiths Medical Inc., Vygon, 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, and C. R. Bard, Inc.
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The Peripheral IV Catheters Global Market Report 2023 provides a comprehensive overview on the peripheral IV catheters market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the peripheral IV catheters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Peripheral IV catheters are thin, flexible tubes that are inserted into veins to provide drugs and nutritional supplements. Peripheral intravenous catheters (PIVCs) are utilized for therapeutic purposes such as drug, fluid, or blood product delivery, as well as blood collection.
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