The increase in the number of patients in hospitals and rise in the prevalence of diseases are driving the market for peripheral intravenous catheters.
Market Size – USD 4.28 Billion in
2018, Market Growth - CAGR of 6.4%, Market Trends – Advancements in technology.
The global Peripheral Intravenous
Catheters market is forecast to reach USD 7.52
Billion by 2027, according to a new report by Reports and Data. Peripheral
intravenous catheters is a device that is used to draw blood and give
treatments, including intravenous drugs, fluids, or blood transfusions. A thin
and flexible tube is inserted into a vein, generally in the lower part of the
arm, or the foot, and the back of the hand.
Factors such as rise in aging
population and advancement in surgical and treatment technologies are driving
the market for peripheral intravenous (IV) catheters. An increase in the
adoption rate of closed catheters that help in injecting contrast media during
computed tomography is a growing trend in the market. These catheters are made
up of polyurethane material and has the strength to withstand pressure above
300 pounds per square inch. As they can withstand high pressure, they are
increasingly used in CT imaging applications.
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An increase in the surgical
procedures in the Asia Pacific region has increased the demand for intravenous
catheters, which is supported by factors such as an increase in disposable
income, rapid medical infrastructure, and rapid growth in the medical tourism
industry. Countries such as India and China have the largest population in the
world, which is expected to provide a larger patient base in the future.
Further key findings from the report suggest
·
Peripheral intravenous catheters are
the most commonly used intravenous device in hospitalized patients. They are
generally used for therapeutic purposes such as administration of medications,
fluids, and blood products, as well as blood sampling. An increase in the
number of patients hospitalized are propelling the demand for the product in
the hospitals.
·
Closed peripheral intravenous
catheter provides safe and efficient intravenous access from start to finish.
It also provides a high level of needle stick injury protection for those
working in healthcare workers. It provides patient safety by minimizing intravenous
complications and improving patient comfort. It also allows users to stay in
control throughout the entire procedure.
·
Safety intravenous catheters provide
control of the blood to help reduce the risk of blood exposure and
contamination. A unique valve inside the catheter hub impedes blood flow from
the patient’s vein upon initial venipuncture. A clean access site helps prevent
the transfer of blood borne pathogens from patient to caregiver on soiled
gloves, bedding, clothing, and dressings.
·
A short peripheral intravenous
catheter (PIVCs) is frequently used to deliver chemotherapy in oncology
practice. As the procedure of peripheral catheterization is invasive, there is
a need for greater consistency in the choice, insertion, and management of
short PIVCs, particularly in the oncology setting where there is a growing
trend for patients to receive many different courses of IV treatment over a
number of years, sometimes with only short remissions.
·
North America dominated the market
for peripheral intravenous catheters, followed by Europe. The high demand in
the market is driven by factors such as technological advancements and high
medical expenses. Rise in the prevalence of disease in the developed regions
are also propelling market demand.
·
Key participants include Becton,
Dickinson and Company, B. Braun Melsungen AG, Smiths Medical, Inc., Tangent
Medical Technologies Inc., Terumo Corporation, Teleflex Incorporated, Vigmed
AB, Argon Medical Devices, Inc., Medical Components, Inc., and Vascular
Pathways Inc., among others.
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For the purpose of this report,
Reports and Data have segmented into the global Peripheral Intravenous
Catheters market on the basis of type, technology, application, end-users, and
region:
Type Outlook (Revenue, USD Billion;
2016-2027)
·
Short Peripheral I.V. Catheter
·
Integrated/Closed Peripheral I.V.
Catheter
Technology Outlook (Revenue, USD
Billion; 2016-2027)
·
Safety Peripheral I.V. Catheter
·
Conventional Peripheral I.V. Catheter
Application Outlook (Revenue, USD
Billion; 2016-2027)
·
Renal Disease
·
Oncology
·
Pediatric Disease
·
Gastroenterology
·
Infectious Disease
End Users Outlook (Revenue, USD
Billion; 2016-2027)
·
Hospitals
·
Clinics
·
Ambulatory Surgical Centers
·
Home Healthcare
Regional Outlook (Revenue, USD
Billion; 2016-2027)
·
North America
o
U.S
·
Europe
o
U.K
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
MEA
·
Latin America
o
Brazil
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Key Features of the Peripheral Intravenous
Catheters Market Report:
·
The
report encompasses details about the key companies, product portfolio along
with specifications, production valuation, and market shares
·
Extensive
study of key segments and sub-segments of the Peripheral Intravenous Catheters
market
·
Evaluation
of key current and emerging market trends and growth prospects
·
Brief
overview of industry with regards to research and development, technological
advancements, and product development
·
In-depth
assessment of upstream raw materials, downstream buyers, demands, and current
market scenario
·
Analysis
of key drivers, restraints, opportunities, growth prospects, limitations, and
threats
·
Strategic
recommendation to key players and new entrants to overcome entry-level barriers
in the Peripheral Intravenous Catheters market over the forecast period
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Peripheral Intravenous Catheters Market
Segmentation & Impact Analysis
4.1. Peripheral Intravenous
Catheters Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market
indicators analysis
4.2.2. Market
drivers analysis
4.2.2.1. Increasing prevalence of chronic and lifestyle
associated disease
4.2.2.2. Increase in healthcare expenditure
4.2.3. Market
restraints analysis
4.2.3.1. High cost of peripheral intravenous catheters
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space
Analysis
4.8. Price trend Analysis
Chapter 5. Peripheral Intravenous Catheters Market, By Type
Insights & Trends
Continued….
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