Press release
Peripheral IV Catheter Market is Expected to Achieve US$ 1,865.4 Million at CAGR of 5.8% by 2034
Peripheral IV Catheter Market
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.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9654
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.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
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.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
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
๐๐๐๐ ๐๐จ๐ซ๐:https://www.factmr.com/report/peripheral-iv-catheter-market
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐๐ซ๐ข๐ฉ๐ก๐๐ซ๐๐ฅ ๐๐ ๐๐๐ญ๐ก๐๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
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.
๐๐จ๐ฉ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
Foley Catheters Market
https://www.factmr.com/report/4654/foley-catheters-market
Coronary Microcatheters Market
https://www.factmr.com/report/3971/coronary-microcatheters-market
Cutting Balloon Catheter Market
https://www.factmr.com/report/145/cutting-balloon-catheter-market
๐๐จ๐ง๐ญ๐๐๐ญ:
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