Peripheral IV Catheters Market Trends 2025-2034: Insights into Growth and Strategic Opportunities Ahead
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How Will the Peripheral IV Catheters Market’s Growth Rate Evolve Over the Forecast Period to 2034?
In recent times, there has been a significant expansion in the market size of peripheral iv catheters. The market, which is at $5.43 billion in 2024, is projected to reach a worth of $5.79 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.6%. Factors such as the expansion of healthcare facilities, rising aging population and prevalence of chronic diseases, as well as growing numbers of surgical and medical procedures, increased hospital admissions, and the demand for vascular access devices have contributed to the historical growth of this market.
In the coming years, the peripheral iv catheters market is projected to experience substantial growth. The market is anticipated to reach a value of $8.36 billion in 2029, with a compound annual growth rate (CAGR) of 9.6%. The forecasted growth can be credited to the usage of minimally invasive procedures and catheters, the adoption of short peripheral catheters in outpatient care, the prevention of catheter-related bloodstream infections, the expansion of home healthcare facilities, and the application of antimicrobial coatings. The major trends projected for the forecast period include the implementation of ultrasound-guided peripheral iv catheter insertion, reduction in complications and catheter failure, the use of wireless communication for catheter monitoring, patient-specific catheter care, and a shift towards disposable catheters.
What Industry-Specific Factors Are Fueling the Growth of the peripheral iv catheters Market?
The escalating occurrence of chronic illnesses is anticipated to drive the expansion of the peripheral IV catheters market. Peripheral intravenous catheters are frequently employed in the management of numerous chronic diseases including cancer, cardiovascular diseases, and others. For example, in March 2022, as per the Australian Bureau of Statistics, an autonomous statistical entity in Australia responsible for data collection and analysis along with factual suggestions, just under half of the population, 46.6% equivalent to 11.6 million people, had at least one chronic disease. The most prevalent chronic ailments were mental and behavioural disorders (20.1%), back pain (15.7%), and arthritis (12.5%). Consequently, the escalating occurrence of chronic illnesses is anticipated to drive the expansion of the peripheral IV catheters market.
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Who Are the Influential Players Reshaping the Peripheral IV Catheters Market Landscape?
Major companies operating in the peripheral iv catheters market include:
• Becton_x000D_
• Dickinson and Company_x000D_
• B. Braun Melsungen AG_x000D_
• Smiths Medical Inc._x000D_
• Vygon SAS_x000D_
What New and Evolving Trends Are Having a Lasting Impact on the Peripheral IV Catheters Market?
The market for peripheral IV catheters is being shaped by technological innovations. A raft of companies in the sector are introducing new products that offer technical improvements to their users. US-based infusion therapy company, B. Braun Medical, unveiled the new Introcan Safety 2 IV catheter with single-time blood control. This new product makes IV access safer for medical practitioners by decreasing the chances of needlestick injuries.
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Which Segments of the Peripheral IV Catheters Market Hold the Most Potential for Future Development?
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 Geographic Locations Are Critical to the Growth of 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.
What Are the Defining Aspects of the Peripheral IV Catheters Market Landscape?
Peripheral IV catheters refer to a thin, flexible tube that is placed into a vein to deliver medications and nutritional supplements. Peripheral intravenous catheters (PIVCs) are used for therapeutic purposes such as the administration of medications, fluids, or blood products, as well as blood sampling.
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