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

The Business Research Company’s peripheral IV catheters market report forecasts the peripheral IV catheters market size to grow to $6.5 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

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Peripheral IV Catheters Market Size Forecast
The global peripheral IV catheters market is expected to grow from $4.8 billion in 2022 to $4.83 billion in 2023 at a compound annual growth rate (CAGR) of 0.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The peripheral IV catheters market size is expected to grow to $6.5 billion in 2027 at a CAGR of 7.7%.

North America held the largest peripheral IV catheters market share and was the fastest-growing region in 2022.

Key Peripheral IV Catheters Market Driver ­– Rise In The Prevalence Of Chronic Diseases
According to the World Health Organization (WHO), a specialized agency of the United Nations, in 2020, cancer is a leading cause of death worldwide, accounting for approximately 10 million deaths, or nearly one in six deaths globally. Cancer-causing infections like human papillomavirus (HPV) and hepatitis are mostly responsible for nearly 30% of cancer cases in low and lower-middle-income countries. Therefore, the rising prevalence of chronic diseases is expected to propel the growth of the peripheral IV catheters market.

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Key Peripheral IV Catheters Market Trend – Technological Advancement
Many companies in the market are developing new products to provide technically enhanced products to their users. B. Braun Medical, a US-based infusion therapy company, launched the new Introcan Safety 2 IV cathetar with one-time blood control. The new product makes the IV access safer for clinicians by reducing the risk of needlestick injuries.

Peripheral IV Catheters Market Segment
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

Peripheral IV Catheters Market Major Players and Strategies
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.

In July 2021, BD (Becton, Dickinson, and Company), a global medical technology company, acquired Velano Vascular for an undisclosed amount. Through the acquisition, BD can now help health care providers eliminate multiple needlesticks for blood sample collection, reducing pain and discomfort while delivering quality outcomes and increased patient satisfaction, thanks to Velano Vascular and its innovative, needle-free technology that enables high-quality blood draws from existing peripheral intravenous catheter (PIVC) lines. Velano Vascular is a California-based medical equipment manufacturer; whose needle-free technology enables high-quality blood draws from existing PIVC lines.

The Peripheral IV Catheters Global Market Report 2023 covers regional data on peripheral IV catheters market size, peripheral IV catheters market trends and drivers, opportunities, strategies, and peripheral IV catheters market competitor 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 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.

View More Reports Related To The Peripheral IV Catheters Market –
Peripheral Vascular Devices And Equipment Global Market Report 2023
Catheters Global Market Report 2023
Intravascular Catheters Global Market Report 2023

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