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Peripheral IV Catheter(PIVC) Market Size: Market Outlook and Market Forecast (2024 to 2031)
What is Peripheral IV Catheter(PIVC)?
The Peripheral IV Catheter (PIVC) market has been experiencing steady growth in recent years, driven by factors such as increasing prevalence of chronic diseases, growing demand for minimally invasive procedures, and advancements in healthcare technology. The market is expected to continue expanding due to rising healthcare expenditure, aging population, and improved access to healthcare services in emerging economies. Industry research indicates that the PIVC market is projected to grow at a CAGR of 6% over the forecast period, reaching a value of over $6 billion by 2025. This growth is anticipated to be fueled by the development of innovative PIVC products and increasing adoption of ambulatory care services.
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This entire report is of 183 pages.
Study of Market Segmentation (2024 - 2031)
Peripheral IV Catheter(PIVC) Market Types:
Short PIVC refers to peripheral IV catheters that are shorter in length, typically used for short-term IV access. Integrated/Closed PIVC combines the catheter and needle into a single unit, providing a safer and more efficient IV insertion process.
Peripheral IV Catheter(PIVC) Market Application:
Hospitals, Ambulatory Surgical Centers, Clinics, Home Use, and Others are key sectors where PIVCs are commonly used. These devices are essential for delivering medications, fluids, and nutrients directly into the bloodstream, making them vital in various healthcare settings for patients needing intravenous therapy.
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Peripheral IV Catheter(PIVC) Market Regional Analysis
The Peripheral IV Catheter (PIVC) market is utilized in various regions such as North America (NA), Asia Pacific (APAC), Europe, United States (USA), and China to provide intravenous access for the delivery of medications, fluids, and blood products. In North America, the PIVC market is driven by the increasing prevalence of chronic diseases and the growing elderly population. In Asia Pacific, the market is witnessing rapid growth due to improving healthcare infrastructure and rising healthcare expenditure. In Europe, technological advancements in PIVC devices are fueling market growth. The United States and China are also emerging as key markets for PIVC due to increasing healthcare investments and a growing focus on patient care. Notable growing countries in these regions include India, Brazil, Japan, Germany, and South Korea.
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List of Regions: North America: United States, Canada, Europe: GermanyFrance, U.K., Italy, Russia,Asia-Pacific: China, Japan, South, India, Australia, China, Indonesia, Thailand, Malaysia, Latin America:Mexico, Brazil, Argentina, Colombia, Middle East & Africa:Turkey, Saudi, Arabia, UAE, Korea
Leading Peripheral IV Catheter(PIVC) Industry Participants
Peripheral IV Catheter(PIVC) is a type of intravenous catheter used for administering fluids and medications into the bloodstream through a peripheral vein.
Market leaders in the PIVC industry include companies such as B. Braun Melsungen, Becton Dickinson(BD), Medline Industries, Terumo Corporation, Bard Access, Tangent Medical, . Bard, Argon Medical Devices, Teleflex, and Vascular Pathways.
These established companies have a strong presence in the market, offering a wide range of high-quality PIVC products and advanced technology to healthcare facilities.
New entrants in the market can bring innovation and competition, driving further growth in the PIVC market. By introducing new technologies, improving product efficiency, and expanding their market reach, these companies can help to promote the adoption of PIVC and drive market expansion. Collaborations, mergers, and strategic partnerships among industry players can also contribute to the growth of the PIVC market.
- B. Braun Melsungen
- Smith Medical
- Becton Dickinson(BD)
- Medline Industries
- Terumo Corporation
- Bard Acess
- Tangent Medical
- C.R. Bard
- Argon Medical Devices
- Teleflex
- Vascular Pathways
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Market Segmentation:
In terms of Product Type, the Peripheral IV Catheter(PIVC) market is segmented into:
- Short PIVC
- Integrated/Closed PIVC
In terms of Product Application, the Peripheral IV Catheter(PIVC) market is segmented into:
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Home Use
- Others
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The available Peripheral IV Catheter(PIVC) Market Players are listed by region as follows:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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The Peripheral IV Catheter(PIVC) market disquisition report includes the following TOCs:
- Peripheral IV Catheter(PIVC) Market Report Overview
- Global Growth Trends
- Peripheral IV Catheter(PIVC) Market Competition Landscape by Key Players
- Peripheral IV Catheter(PIVC) Data by Type
- Peripheral IV Catheter(PIVC) Data by Application
- Peripheral IV Catheter(PIVC) North America Market Analysis
- Peripheral IV Catheter(PIVC) Europe Market Analysis
- Peripheral IV Catheter(PIVC) Asia-Pacific Market Analysis
- Peripheral IV Catheter(PIVC) Latin America Market Analysis
- Peripheral IV Catheter(PIVC) Middle East & Africa Market Analysis
- Peripheral IV Catheter(PIVC) Key Players Profiles Market Analysis
- Peripheral IV Catheter(PIVC) Analysts Viewpoints/Conclusions
- Appendix
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Peripheral IV Catheter(PIVC) Market Dynamics ( Drivers, Restraints, Opportunity, Challenges)
The global Peripheral IV Catheter (PIVC) market is being primarily driven by the increasing prevalence of chronic diseases, rising demand for minimally invasive procedures, and advancements in technology. However, factors such as growing concerns regarding infections associated with PIVC, a limited number of skilled professionals, and stringent regulatory guidelines are posing challenges to market growth. Nevertheless, the increasing adoption of PIVC in emerging economies, the development of advanced catheter materials, and the rising focus on patient comfort and safety present significant opportunities for market expansion in the coming years.
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