Peripheral IV catheters market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The high incidence of needlestick injuries is persuading healthcare professionals to use drug delivery devices that reduce such a risk and increases patient comfort. Thus, the rise in needlestick injuries is promoting the use of safer devices, thereby surging the growth of the peripheral IV catheter market. According to the Centers for Disease Control and Prevention (CDC), nearly 385,000 sharps-related injuries occur annually among healthcare workers in hospitals. In addition, the increasing application of peripheral IV catheters for treating numerous diseases such as renal disease, oncology, and infectious disease is another factor that drives the market growth. Over 1.9 million new cancer cases are diagnosed in the US in 2022, and nearly 609,360 mortality rate are seen from cancer in the US in 2022 which is about 1,670 deaths per day, as per Cancer.Org.
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Lack of adequate information on the safe usage of PVIC is fuelling secondary infections due to needlestick injuries and HAIs, particularly in developing nations, which may lead to low adoption of peripheral intravenous catheters, this factor may hinder the market growth.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Peripheral IV Catheters Market by Type
- Long Peripheral Intravenous Catheters (long PIVC)
- Midline Catheters
Global Peripheral IV Catheters Market by Application
- Renal Disease
- Oncology
- Pediatric Disease
- Gastroenterology
- Infectious Disease
Global Peripheral IV Catheters Market by End User
- Hospitals
- Speciality Clinics
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Argon Medical
- Braun Medical Inc.
- Becton, Dickinson And Co.
- Henry Schein, Inc.
- Intra Special Catheters Gmbh
- Medsource Labs.
- Nipro Medical Corp.
- Smith Medical
- Teleflex Inc.
- Terumo Medical Corp.
- Vogt Medical
- Vygon (Uk) Ltd
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global peripheral IV catheters market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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