Press release
Peripheral Intravenous Catheters (PIVCs) Market Size to Reach Revenues of USD 3,408.23 Million by 2026
In-depth analysis and data-driven insights on the impact of COVID-19 included in this global peripheral intravenous catheters (PIVCs) market report.The peripheral intravenous catheters (PIVCs) market is expected to grow at a CAGR of over 1.32% during the period 2020−2026.
Key Insights:
1. Across the world, up to 80% of all patients admitted to hospitals will have a peripheral intravenous line inserted in the forearm or hand to administer various products.
2. Ultrasound-guided PIVCs can enhance visualization of the vasculature and are very effective if performed by a skilled professional. Insertion under ultrasound guidance has been reported to increase success by more than 95% in adults.
3. Short PIVCs accounted for the major share of 73.62% in the global PIVCs market in 2020. Short PIVCs are the most used intravenous catheters in critical care and emergency care settings compared to midline catheters, which is a major factor contributing to its high usage.
4. The global peripheral intravenous catheters market includes conventional peripheral intravenous catheters and safety peripheral intravenous catheters.
5. VeinViewer, a reflective NIR technology, has resolved difficulties associated with using ultrasound for peripheral access. It can be used in different clinical areas. The principal purpose of this device is to locate veins for IV access and phlebotomy. It is helpful in attaining venous access during the initial attempt.
6. With the increasing demand for safety peripheral IV catheters, vendors are offering safety devices with different safety mechanisms such as automatic, retractable, and non-retractable technologies. For instance, safety PIVCs are combined with a passive-safety system to decrease unintentional needlestick injuries and mucocutaneous blood exposure.
Key Offerings:
• Market Size & Forecast by Revenue | 2020−2026
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation – A detailed analysis by product, technology, end-user, and geography
• Competitive Landscape – 7 key vendors and 16 other vendors
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Peripheral Intravenous Catheters (PIVCs) Market – Segmentation
• Product
• Short Peripheral IV Catheters
• Peripheral Midline IV Catheters
• Technology
• Conventional Peripheral IV Catheters
• Safety Peripheral IV Catheters
• End-User
• Hospitals
• Ambulatory Surgical Centers
• Homecare
• Others
• Geography
• North America
• US
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• APAC
• China
• Japan
• India
• South Korea
• Australia
• Philippines
• Singapore
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• Turkey
• South Africa
• Saudi Arabia
The following factors are likely to contribute to the growth of the peripheral intravenous catheters market during the forecast period:
• Impact of Use of Vein Visualization Technology for Inserting PIVCs
• Rise in Approvals of Parenteral Drugs
• Technological Advancements in Designing PIVCs
• Increased Need to Reduce Needlestick Injuries
• Expanding Population with Chronic & Lifestyle Diseases
• Rise in Hospitalization Rates and Minimally Invasive Procedures
Peripheral Intravenous Catheters (PIVCs) Market – Vendor Landscape
The global peripheral intravenous catheters market is a mature market characterized by the presence of global, regional, and local vendors offering a broad range of PIVCs. Established vendors account for significant market shares compared to regional and local players. However, major vendors are witnessing intense competition from many local and regional vendors offering PIVCs at competitive prices. With growing advancements and the need to reduce needlestick injuries, vendors are offering safety PIVCs and conventional PIVCs, which are competing based on factors such as cost, safety features, convenient use, marketing strategies, and distribution channels. The key vendors in the market include BD, Smith Medical, Vygon, B. Braun Melsungen AG, Teleflex, Terumo, and Shanghai Puyi Medical Instruments. These companies have a wide geographic footprint, diversified product portfolio, and a strong focus on innovation and research activities.
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Key Vendors
• Becton, Dickinson and Company
• Smiths Medical
• Vygon
• B. Braun Melsungen
• Teleflex Incorporated
• Terumo
• Shanghai Puyi Medical Instruments
Other Prominent Vendors
• AngioDynamics
• Argon Medical Devices
• Delta Med
• Dukwoo Medical
• EXELINT International
• Greiner Bio-One International GmbH
• Healthline Medical Products
• ICU Medical
• Medical Components
• Medline Industries
• Medsource Labs
• Merit Medical Systems
• Nipro
• Qingdao Sinoland International Trade Co.
• Retractable Technologies
• Vogt Medical
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About Arizton Advisory & Intelligence
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