Peripheral Intravenous Catheters (Pivcs) Market Current Scenario And Future Development By 2027

Precision Business Insights published a research report on “Peripheral Intravenous Catheters Market By Product Type (Short Peripheral Intravenous Catheter (Ported PIVCs and Non-ported PIVCs) and Integrated/closed Peripheral Intravenous Catheter), By Technology Type (Conventional PIVCs and Safety PIVCs), By End-User (Hospitals, Clinics, Ambulatory Surgical Centers (ASC), Homecare Settings), and Geography - Global/Region/Country Forecast to 2027”

Global peripheral IV catheters market was valued at almost US$ 4092.32 Mn in the year 2020 and is anticipated to record US$ 7480.92 Mn till 2027 witnessing a CAGR of 9% over the forecast period 2021-2027

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Increasing Cases of Several Chronic and Acute Diseases will Accelerate Peripheral Intravenous Catheters Market
Peripheral Intravenous Catheters are long been utilized to administer drugs and nutrients. It has been increasing over last few years, which is projected to enhance the demand for peripheral Intravenous catheters around the world. Catheters are made from polyurethane material. Increasing advances in PIVSs technology and growing healthcare infrastructure in developing countries are the leading factors, which greatly contribute in fostering the market growth. In addition, a few other factors are there, which are anticipated to enhance the revenue growth of the market over the forecast period such as numerous acute illnesses, growing count of inpatient and increasing cases of chronic diseases and numerous acute diseases. Moreover, increasing aged population is another major factor propelling the Peripheral Intravenous Catheters Market growth.

Healthcare experts are hugely opting for safety catheters over conventional catheters due to the increasing anxiety of needle stick injuries to healthcare experts and patients is making available possible market opportunities for industry players providing safety catheters in the market. Furthermore, technological advances in catheters reduce hematoma-related problems as well as blood infections are anticipated to foster the market growth over the forecast duration. For example, using short peripheral catheters, it becomes easy to reduce the blood infections and hematoma related complications too.
North America is leading the Global Peripheral Intravenous Catheters Market
North America is leading the market and anticipated to lead in the same way over the forecast years recording huge growth due to the growing adoption of short and safety catheters in this region. Peripheral intravenous catheters market in Asia Pacific is anticipated to witness considerable CAGR rate over the forecast years due to the huge patient population.

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Competitive Analysis
Major players profiled in the Global Peripheral Intravenous Catheters Market are Argon Medical Devices Inc. (U.S), B. Braun Melsungen AG (Germany), Becton Dickinson and Company (U.S), C. R. Bard, Inc. (U.S), Medical Components Inc. (U.S), Smith Medical (U.S), Tangent Medical Technologies (U.S), Teleflex Inc. (U.S), Terumo Corporation (Japan), VIGMED AB (Sweden) and Vygon Group (France). Industry players of the global peripheral intravenous catheters market are focusing to bring novel and technologically advanced products in the market to acquire huge market share in the market, reinforce their position, expand their business and increase the product portfolio in the market. For example, Tangen Medical, introduced a safety catheter called novacath integrated IV catheters system in U.S market in 2013.

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