Peripheral IV Catheter Market Estimated to Expand at a Robust 7% CAGR over 2020 - 2030

The Peripherally Inserted Central Catheters Market is expected to reach US$ 1058.6 Million at a CAGR of 5.8% from 2024. Tech-driven innovation is the trend that the healthcare vertical would be resting on in the forecast period.

Persistence Market Research delivers key insights on the global peripherally inserted central catheters market in its published report titled “Global Market Study on Peripherally Inserted Central Catheters: Power Injected Peripherally Inserted Central Catheters Product Type Segment to Dominate the Market Through 2024 .” The global peripherally inserted central catheters market is anticipated to reach a market valuation of US$ 673.9 Mn by the end of 2016.

Want Insights To Peripherally Inserted Central Catheters Market? Ask For Sample! https://www.persistencemarketresearch.co/samples/12316

In terms of revenue, the global peripherally inserted central catheters market is projected to register a healthy CAGR of 5.8% over the forecast period (2016 – 2024) owing to various factors, regarding which Persistence Market Research offers vital insights in detail.

Company Profiles

Global Players
AngioDynamic, Inc.
B. Braun Melsungen AG
Becton, Dickinson and Company
C. R. Bard, Inc.
Teleflex Incorporated
Argon Medical Devices, Inc.
Boston Scientific Corporation
COOK MEDICAL INC.
ICU Medical Inc.
Medical Components, Inc.
Medtronic, Inc
Navilyst Medical, Inc.
Vygon (UK) Ltd

Planning To Conclude Your Strategy On A Decisive Note In The Peripherally Inserted Central Catheters Market? Glance Through The “Methodology” Implied! https://www.persistencemarketresearch.co/methodology/12316

Market dynamics

Increasing healthcare expenditure, robust reimbursement policies, increasing preference for peripherally inserted central catheters by healthcare physicians, and increasing number of diseases requiring the application of peripherally inserted central catheters are some of the factors likely to boost the growth of the global peripherally inserted central catheters market over the forecast period.

However, factors such as increasing usage of midline catheters, lack of specialized professionals for catheterization, and high risk of bloodstream infections and deep vein thrombosis are likely to restrict the market growth.

Market forecast

The global peripherally inserted central catheters market is segmented on the basis of Product (Power Injected Peripherally Inserted Central Catheters, Conventional Peripherally Inserted Central Catheters); Design (Single Lumen, Double Lumen, Multiple Lumen); End User (Hospitals, Ambulatory Surgical Centers, Catheterization Laboratories); and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

The Power Injected Peripherally Inserted Central Catheters product type segment dominated the global peripherally inserted central catheters market in revenue terms, accounting for 82.2% value share in 2015 and is expected to continue to do so throughout the forecast period. This segment is expected to grow with a healthy CAGR over the forecast period, owing to high adoption rate of newly launched products and better reimbursement policies.

The Multiple Lumen design segment is anticipated to account for 59.7% revenue share of the global peripherally inserted central catheters market by 2016 end. This segment is expected to expand at a CAGR of 6.7% over the forecast period due to increase in the number of cancer patients requiring multiple lumen peripherally inserted central catheters for better treatment. The Hospitals end user segment accounted for 68.3% value share in 2015 and is projected to account for 72.0% share by 2024 end.

How About Knowing The Product/Technology Driving The Peripherally Inserted Central Catheters Market Before Investing Therein? Click The “Purchase Now” Button Of Our Peripherally Inserted Central Catheters Market Report! https://www.persistencemarketresearch.com/checkout/12316

Among regions, North America dominated the global peripherally inserted central catheters market in revenue terms in 2015 and is expected to continue to do so throughout the forecast period. North America peripherally inserted central catheters market is estimated to create an absolute $ opportunity of US$ 19.8 Mn in 2017 over 2016.

'PMR' Exclusive Reports-

Neurostimulation devises Market: https://www.persistencemarketresearch.com/market-research/neurostimulation-devices-market.asp

Neuroscience Market: https://www.persistencemarketresearch.com/market-research/neuroscience-market.asp

Aneurysm Clips Market: https://www.persistencemarketresearch.com/market-research/aneurysm-clips-market.asp

Cervical Total Disc Replacement Market: https://www.persistencemarketresearch.com/market-research/cervical-total-disc-replacement-market.asp

Contact us:

Persistence Market Research
Address – 305 Broadway, 7th FloorNew York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com

About Us :-

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

This release was published on openPR.