How are Patient Safety Best Practices Boosting Revenues in the PIVCs Market? - Arizton

The peripheral intravenous catheters market is expected to grow at a CAGR of over 4% during the period 2019-2025.

The peripheral intravenous catheters market is a major segment in the vascular access devices market. The PIVCs market is growing due to the increasing worldwide hospital admissions, owing to various reasons such as accidents, chronic diseases, HIV, and other diseases. Peripheral venous access using PIVCs is among the most common medical procedures that have revolutionized the practice of medicine. PIVCs allow the safe infusion of medications, blood products, hydration fluids, and nutritional supplements. The use of safety PIVCs, which ensures the safety of patients and healthcare professionals, is one of the major factors driving the market growth.

Arizton's recent market research report considers the present scenario of the peripheral intravenous catheters market and dynamics for the period 2018-2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent companies operating in the market.

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Peripheral Intravenous Catheters Market - Dynamics

Here are the list of trends and drivers that are impacting the revenues and profitability in the non-contact thermometer market:

o High Demand for Safety Intravenous Catheters
o Increasing Hospitalizations & Target Pool of Patients Requiring Vascular Access
o Increasing Demand for PIVCs from Emerging Countries
o Rising Awareness of Safety & Best Injection Practices Among End-users
o Growing Popularity of Midline Peripheral IV Catheters
o Technological Advancements in PIVCs
o Vendors Growing Focus on Product Bundling Strategy

Peripheral Intravenous Catheters Market - Segmentation

This market research report includes a detailed segmentation by products, technology, end-users, and geography.

o The short peripheral intravenous catheters market is growing at a fast rate due to the rising awareness of needlestick injuries and bloodborne infections among patients. As there is a rise in the number of hospitalizations, the demand for short PIVCs is growing as they are used for a short duration of around 72-96 hours, thereby decreasing contamination chances.

o The ambulatory care settings (ACS) segment is expected to dominate the peripheral intravenous catheters market. This growth can be attributed to the use in surgery care settings as PIVCs help to supply drugs, nutrients, and blood during surgeries. A lot of patient population prefers ACS due to same-day surgery and high-class treatment availability.

o The Safety PIVCs market is growing at a rapid growth rate. The increase in the patient population and the growth in hospital admission are driving the segment worldwide. Vendors are increasingly focusing on offering diversified safety PIVCs to provide safe patient care and avoid infections.

o The APAC market is growing at a significant rate, which is expected to continue during the forecast period. The healthcare system in the region is undergoing rapid transformations with favorable support from government organizations. China, Japan, India, South Korea, and Australia are the major revenue contributors in the APAC region.

Market Segmentation by Products

o Short PIVC
o Midline IV Catheter

Market Segmentation by Technology

o Conventional PIVC
o Safety PIVC

Market Segmentation by End-user

o Hospitals
o Specialty Cardiac Centers
o Others

Market Segmentation by Geography

o Europe

o Spain
o Germany
o Italy
o France
o UK

o North America

o US
o Canada

o APAC

o South Korea
o China
o Japan
o Australia
o India

o Latin America

o Brazil
o Argentina
o Mexico

o MEA

o Turkey
o Saudi Arabia
o South Africa

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Peripheral Intravenous Catheters Market- Vendor Landscape

The global PIVCs market is highly fragmented and comprises many global, regional, and local players offering a broad range of PIVCs at competitive prices. Vendors are increasingly competing with each other based on factors such as aggressive pricing, incorporation of safety features, and marketing strategies to gain market share. In addition, key players are participating in awareness campaigns in coordination with various government bodies to raise awareness about the unsafe use of reusable needles of PIVCs both among healthcare workers and patients.

Key Vendors

o BD
o Smiths Medical
o Vygon
o Braun Melsungen
o Teleflex
o Terumo
o Shanghai Puyi Medical Instruments

Other Prominent Vendors -
Argon Medical Devices, Delta Med, Greiner Bio-One International, Retractable Technologies, Nipro Medical, Medline Industries, Dukwoo Medical, AngioDynamics, EXELINT INTERNATIONAL, Access Scientific, and ICU Medical

Peripheral Intravenous Catheters Market - Table of Contents

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.1.1 Inclusion
4.1.2 Exclusions

4.2 Base Year

4.3 Scope of the study

4.4 Market Segments

4.4.1 Market Segmentation by Products
4.4.2 Market Segmentation by Technology
4.4.3 Market Segmentation by End-user
4.4.4 Market Segmentation by Geography

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Overview

8 Market Dynamics

8.1 Market Growth Enablers

8.1.1 High Demand for Safety Intravenous Catheters
8.1.2 Increasing Hospitalizations & Target Pool of Patients Requiring Vascular Access
8.1.3 Increasing Demand for PIVCs from Emerging Countries
8.1.4 Rising Awareness of Safety & Best Injection Practices Among End-users

8.2 Market Restraints

8.2.1 Complications & Risks Associated with PIVCs
8.2.2 Stringent Regulations & Legislation for Peripheral IV Catheters
8.2.3 Threat from Alternative Vascular Access Devices

8.3 Market Opportunities and Trends

8.3.1 Growing Popularity of Midline Peripheral IV Catheters
8.3.2 Technological Advancements in PIVCs
8.3.3 Vendors Growing Focus on Product Bundling Strategy

9 Market Landscape

9.1 Market Overview

9.2 Market Size & Forecast

9.2.1 Product
9.2.2 Technology
9.2.3 End-user
9.2.4 Geography

9.3 Five Forces Analysis

9.3.1 Threat of New Entrants
9.3.2 Bargaining Power of Suppliers
9.3.3 Bargaining Power of Buyers
9.3.4 Threat of Substitutes
9.3.5 Competitive Rivalry

10 Product

10.1 Market Snapshot & Growth Engine

10.2 Market Overview

10.3 Short Peripheral IV Catheters

10.3.1 Market Overview
10.3.2 Market Size & Forecast

10.4 Peripheral Midline IV Catheters

10.4.1 Market Overview
10.4.2 Market Size & Forecast

11 Technology

11.1 Market Snapshot & Growth Engine

11.2 Market Overview

11.3 Conventional Peripheral IV Catheters

11.3.1 Market Overview
11.3.2 Market Size & Forecast
11.3.3 Conventional Peripheral IV Catheters: Geography Segmentation

11.4 Safety Peripheral IV Catheters

11.4.1 Market Overview
11.4.2 Market Size & Forecast
11.4.3 Safety Peripheral IV Catheters: Geography

12 End-User

12.1 Market Snapshot & Growth Engine

12.2 Market Overview

12.3 Hospitals

12.3.1 Market Overview
12.3.2 Market Size & Forecast

12.4 Ambulatory Care Settings

12.4.1 Market Overview
12.4.2 Market Size & Forecast

12.5 Others

12.5.1 Market Overview
12.5.2 Market Size & Forecast

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