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  • Peripheral IV Catheters Market Analysis | 2023-2028

    Peripheral IV Catheters Market Analysis | 2023-2028

    Peripheral IV Catheters Market Analysis | 2023-2028
    Report code - SRHL258 Delivery - 2 Weeks
    Peripheral IV Catheters Market Size, Share, Forecast & Industry Analysis: 2023-20 See more...

    “The Peripheral IV Catheters Market was estimated at US$ 5.32 billion in 2022 and is expected to grow at a CAGR of 5.14% during 2023-2028 to reach US$ 7.19 billion by 2028.”

    Peripheral IV Catheters Market Size

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    Market Dynamics

    Introduction

    Peripheral IV catheters are defined as medical devices used for various purposes including administration of medications, blood products, blood sampling, and fluids. It is inserted into a small peripheral vein. It is the most widely used intravenous device in hospitals for patients. The commonly used peripheral IV catheters include short and integrated/closed Peripheral Intravenous Catheters.

    Peripheral IV Catheters Market Report Highlights

    Market Size in 2022

    US$ 5.32 Billion

    Market Size in 2028

    US$ 7.19 Billion

    Market Growth by 2023-2028

    CAGR of 5.14%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Dominant Region

    Europe accounted for the largest share of the market in 2022.

    Market Drivers

    The market drivers include the following factors:

    • Market growth is primarily driven by increased spending on the healthcare industry and rising geriatric populations.

    • It is being widely used in emergency cases, surgeries, and pediatric patients among others.

    • Growing advancement in surgical and other medical treatment technologies is likely to propel market growth at a significant rate.

    • The rising popularity of integrated /closed peripheral intravenous catheters is a prominent trend noticed in the global market.

    • Increasing demand for advanced solutions for medical problems is likely to create lucrative opportunities for the players operating in the global market.

    Peripheral IV Catheters Market Snapshot

     

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    COVID-19 Impact

    The market growth was affected when governments across geographies imposed lockdowns which resulted in trade restrictions and supply chain disruptions. However, various market players continued manufacturing the product due to social distancing and other norms set by governments across countries. The surge in COVID-19-infected patients and other medical emergencies fuelled the product demand at a significant rate.

    Segments Analysis

    End User Trends

    The market has been divided into hospitals, ambulatory surgical centers, clinics, home use, and others.

    Hospitals accounted for the largest share of the market in 2022 due to widespread product use for various purposes including emergency cases, surgeries, and for people who face difficulty in swallowing medicines. The clinics segment is likely to register healthy growth during the review period.

    Regional Analysis

    Europe accounted for the largest share of the market in 2022 due to the presence of an established healthcare industry coupled with high spending on R&D activities to develop advanced medical solutions. The rising geriatric population in the developed markets is another factor fuelling the product demand.  

    The market in the Asia-Pacific region is projected to register a healthy growth rate with a rapidly expanding healthcare industry, particularly in countries including India and China.

    Peripheral IV Catheters Market Region

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    Key Players

    The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

    The following are the key players in the peripheral IV catheters market (arranged alphabetically).

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Peripheral IV Catheters Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Who are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Peripheral IV Catheters Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: 

    Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Peripheral IV catheters are defined as medical devices used for various purposes including administration of medications, blood products, blood sampling, and fluids. It is inserted into a small peripheral vein. It is the most widely used intravenous device in hospitals for patients. The commonly used peripheral IV catheters include short and integrated/closed Peripheral Intravenous Catheters.

    The market is expected to grow at a CAGR of 5.14 % during the forecast period.

    Some of the major players in the market are- Becton, Dickinson and Company (The U.S.), Teleflex Incorporated (The U.S.), Terumo Corporation (Japan), Smiths Medical, Inc. (The U.S.), C. R. Bard, Inc. (The U.S.), Vigmed AB (Sweden), Medical Components, Inc. (The U.S.), B. Braun (Germany), Tangent Medical Technologies Inc. (The U.S.), and Argon Medical Devices, Inc. (The U.S.).

    The Peripheral IV Catheters market is expected to reach up to USD 7.19 Bn by 2028.

    The market in Europe accounted for largest share of the market in 2022.