Peripheral IV Catheters Market Report

Market Insights

The Global Peripheral IV Catheters Market is estimated to grow from USD 4.8 billion in 2020 to USD 6.5 billion by 2026 at a healthy CAGR of 5.2% during the forecast period

Figure: Global Peripheral IV Catheters Market Size, 2020-2026 (USD Billion)

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What are Peripheral IV catheters?

Peripheral IV catheters are defined as a medical device 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.

Key Players

Key players operating in the global Peripheral IV Catheters 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).

Market Dynamics

The global market growth is primarily driven by increased spending on the healthcare industry coupled with rising geriatric populations. It is being widely used in emergency cases, surgeries, and paediatric 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 the 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.

Segment Analysis

End User Trends

Based on end-user, the market has been divided into hospitals, ambulatory surgical centres, clinics, home use and others.

• Hospitals accounted for the largest share in 2020 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 Trends

The market in Europe accounted for largest share in 2020 due to presence of established healthcare industry coupled with high spending on R&D activities to develop advanced medical solutions. Rising geriatric population in the developed markets is another factor fuelling the product demand.  The market in Asia-Pacific region is projected to register healthy growth rate with rapidly expanding healthcare industry particularly in the countries including India and China.

COVID-19 Impact on Global Peripheral IV catheters market

The market growth was affected when the governments across geographies-imposed lockdown as it resulted in trade restriction and supply chain disruptions. However, various market players continued manufacturing of the product by the social distancing and other norms set by the governments across countries. The surge in Covid-19 infected patients and other medical emergencies fuelled the product demand at a significant rate.

Frequently Asked Questions -

• What are the key trends in the global peripheral IV catheters market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global peripheral IV catheters market?
• What are the key strategies adopted by the major vendors to lead in the global peripheral IV catheters market?
• What is the market share of the top vendors?

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Target Audience

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

• Peripheral IV catheters’ distributors
• Peripheral IV catheters’ suppliers
• Peripheral IV catheters’ manufacturers
• Logistics organizations
• Government Bodies

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