Peripheral IV Catheter Market Size, Share, Revenue, Trends And Drivers For 2024-2034

The Peripheral IV Catheter Market in East Asia is projected to hold a 5.8% share in 2024. The regional market is estimated to be valued at US$ 62 million in 2024 and is anticipated to reach US$ 192 million by 2034, marking a compound annual growth rate (CAGR) of 12% over the forecast period.

The estimated size of the global peripheral IV catheter market is US$ 1,058.6 million in 2024. It is expected to grow at a compound annual growth rate (CAGR) of 5.8%, reaching US$ 1,865.4 million by 2034.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
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In the realm of modern healthcare, intravenous (IV) therapy plays a crucial role in delivering medications, fluids, and nutrients directly into a patient's bloodstream. Peripheral IV catheters, in particular, serve as vital conduits for administering these substances, providing a convenient and effective means of treatment. With the ever-increasing demand for medical interventions and advancements in healthcare technology, the peripheral IV catheter market is experiencing significant growth.

Rising Healthcare Needs:

The healthcare landscape is evolving rapidly, driven by various factors such as population growth, aging demographics, and the prevalence of chronic diseases. As healthcare needs continue to expand, there is a growing emphasis on enhancing patient care, improving treatment outcomes, and optimizing healthcare delivery processes. Peripheral IV catheters play a pivotal role in addressing these needs by facilitating efficient and reliable intravenous access for patients across diverse clinical settings.

Advancements in Technology:

Advancements in medical technology have revolutionized the design and functionality of peripheral IV catheters, making them safer, more comfortable, and easier to use. Manufacturers are continuously innovating to develop catheters with features such as improved insertion techniques, reduced risk of complications, and enhanced patient comfort. Additionally, the integration of smart technologies and materials science has enabled the development of catheters that offer better durability and compatibility with various medications and fluids.

Expansion of Healthcare Infrastructure:

The expansion of healthcare infrastructure, particularly in emerging economies, has contributed to the growing demand for peripheral IV catheters. As healthcare systems evolve and become more accessible, there is a corresponding increase in the need for medical supplies and equipment, including intravenous catheters. Moreover, the rise of outpatient care facilities, ambulatory surgery centers, and home healthcare services has further bolstered the demand for peripheral IV catheters, as they are essential components of modern healthcare delivery models.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

The peripheral IV catheter market is fiercely competitive and boasts key players such as Becton, Dickinson, and Company, B. Braun Melsungen AG, Smiths Group plc., Terumo Corporation, Venner Medical, Vygon, Teleflex Incorporated, C. R. Bard, Inc., NIPRO Medical Corporation, and Argon Medical Devices, Inc.

In this dynamic market, both international giants and domestic firms vie for market dominance. Smaller companies are focused on expanding their market presence through investments in cutting-edge technologies. Various strategies, including new product launches, collaborations, partnerships, mergers, and acquisitions, are being employed to gain a competitive edge.

Recent developments in the peripheral IV catheter market highlight the industry's innovative spirit:

• In September 2022, B. Braun Medical Inc. acquired several products from Starboard Medical, enhancing its portfolio with the addition of Clik-FIX peripheral catheter securing products.
• Shockwave Medical Inc. announced in March 2022 the commercial availability of Shockwave M5+ peripheral IVL catheter, following CE Mark and FDA approval, expanding its reach globally.
• B. Braun Medical Inc. introduced the Introcan Safety 2 IV Catheter with single-time blood control in July 2022, enhancing safety measures for clinicians and minimizing the risks associated with blood exposure and needlestick injuries.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

• B. Braun Melsungen AG
• Smiths Group plc.
• Terumo Corporation
• Venner Medical
• Vygon
• Teleflex Incorporated
• C. R. Bard, Inc.
• NIPRO Medical Corporation
• Argon Medical Devices, Inc.
• Others

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐏𝐞𝐫𝐢𝐩𝐡𝐞𝐫𝐚𝐥 𝐈𝐕 𝐂𝐚𝐭𝐡𝐞𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

• By Product Type:
• Power Injected PICC
• Conventional PICC
• By Design Type:
• Single Lumen
• Double Lumen
• Multiple Lumen
• By End User:
• Hospitals
• Ambulatory Surgical Centers
• Catheterization Labs
• By Region:
• North America
• Europe
• Latin America
• East Asia
• South Asia and Oceania
• Middle East and Africa

As healthcare needs evolve and technology advances, the peripheral IV catheter market remains a critical component of modern healthcare delivery. With a focus on patient safety, comfort, and efficacy, manufacturers are innovating to develop catheters that meet the diverse needs of healthcare providers and patients. By addressing the growing demand for intravenous therapy and supporting the delivery of high-quality patient care, the peripheral IV catheter market is positioned for continued growth and expansion in the global healthcare landscape.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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