Peripheral IV Catheters Market Analysis | 2023-2028

“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.”

Wish to Get a Free Sample? Register Here

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.

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.

Want to have a closer look at this report. Register Here

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

“Hospitals segment dominates the market during the forecast period.”

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 during the forecast period.”

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 fueling 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.

Want to know which region offers the best growth opportunities? Register Here

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).

• Argon Medical Devices, Inc. (The U.S.)
• B. Braun (Germany)
• Becton, Dickinson and Company (The U.S.)
• C. R. Bard, Inc. (The U.S.)
• Medical Components, Inc. (The U.S.)
• Smiths Medical, Inc. (The U.S.)
• Tangent Medical Technologies Inc. (The U.S.)
• Teleflex Incorporated (The U.S.)
• Terumo Corporation (Japan)
• Vigmed AB (Sweden)

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?

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.