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Peripheral Intravenous (IV) Catheter Market Analysis 2018 Focusing on Top Companies like B. Braun Group, BD, CR Bard, Smiths Medical, STENTYS, Vogt Medical, Retractable Technologies, Inc and Forecast to 2025
B. Braun Melsungen, BD, C.R. Bard, Smiths Medical, STENTYS SA, VOGT MEDICAL, Terumo CorporationAngioDynamics, RenovoRx, Retractable Technologies, intra special cathers, RAYS health and safety, Teleflex, Vigmed and Vygon, ISO-MED these are the main players who are dominating the Peripheral Intravenous (IV) Catheter Market and are affecting the sales, import, export and revenue at a global level.The Global Peripheral Intravenous (IV) Catheter Market is growing day by day this report contains all the data needed to as good as the dominating players and become a BRAND. The report contains information like market definition, classifications, applications and market trends and also the Peripheral Intravenous (IV) Catheter Market CAGR levels. The report informs the user about all the drivers and restrains which are derived from SWOT analysis and the unique method of Porter's Five Forces Analysis which informs about the threat of new entrants, threat of substitutes, bargaining power of customers, bargaining power of suppliers, Industry rivalry to the organizations in the Global Peripheral Intravenous (IV) Catheter industry.
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Major Market Drivers and Restraints:
• Increase in number of hospitalizations
• Increasing popularity of integrated/closed peripheral intravenous catheters
• Increased adoption of safety ported short peripheral intravenous catheters
• Increased implementation of product bundling strategy
• Complications associated with peripheral intravenous catheters (PIVCs)
Market Segmentation: Global Peripheral Intravenous (IV) Catheter Market
Based on product type:
• Short Peripheral Intravenous Catheter
• Ported Peripheral Intravenous Catheter
• Non-Ported Peripheral Intravenous Catheter
• Integrated/Closed Peripheral Intravenous Catheter
On the basis of technology:
• Conventional Peripheral Intravenous Catheter
• Safety Peripheral Intravenous Catheter
On the basis of end users:
• Hospitals
• Ambulatory Centers
• Clinics
• Community Healthcare
• Others
Based on geography:
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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Competitive Analysis:
The global peripheral intravenous (IV) catheter market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of peripheral intravenous (IV) catheter market for global, Europe, North America, Asia Pacific and South America.
Market Analysis: Global Peripheral Intravenous (IV) Catheter Market
The Global Peripheral Intravenous (IV) Catheter Market is expected to reach USD 6.73 billion by 2025, from USD 4.03 billion in 2017 growing at a CAGR of 6.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The peripheral intravenous catheter (PIVC) is a small flexible tube. This is inserted into a peripheral vein for the delivery of medicines and nutritional supplements. It is widely helpful in the collection of blood samples for diagnostic purpose. The peripheral intravenous catheters can be divided into two types, short peripheral intravenous catheters (PIVCs) and integrated/closed catheters (PIVCs). Once the catheter is in place, the Peripheral intravenous catheters can be removed. This is inserted into the patient’s body using a needle. After this process is done the peripheral intravenous catheter is attached to the patient skin by using medical adhesive tape. In 2014, about 20.0 million people visited physicians’ offices with the detection of cancer as the primary diagnosis, 17.8 million people visited physicians’ offices, and 3.9 million people visited hospital outpatient departments due to infectious and parasitic diseases in the US. According to the Centers for Disease Control and Prevention (CDC), in 2014, there were 141.4 million emergency department visits which further resulted in 11.2 million hospital admissions and 1.8 million critical care unit admissions in the US. This showed that the people of US had one or more chronic health conditions.
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