Peripheral I.V. Catheter Market Is Booming Worldwide by 2027 | B. Braun Melsungen AG, Tangent Medical Technologies, Terumo Corporation, Inc, C.R. Bard Inc., Smith Medical

The Latest report about the Peripheral I.V. Catheter market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Peripheral I.V. Catheter market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendors/manufacturers in the market. The key manufacturers covered in this report: B. Braun Melsungen AG, Tangent Medical Technologies, Terumo Corporation, Inc, C.R. Bard Inc., Smith Medical

Peripheral I.V. Catheter Market was anticipated to grow with a CAGR of nearly 6.5% during the forecast period.

Market Overview

Cardiovascular, urology, and neurology diseases have become the most dominant cause of mortality and morbidity in the world during the last three decades. Increasing utilization of peripheral intravenous catheters in the treatment of these chronic diseases, leading to hospitalization is anticipated to drive the market over the forecast period. According to 2015 statistics by the Department of Health, more than 40% of New York adults suffer from a chronic disease, and chronic diseases are responsible for 23% of all hospitalizations in New York State. Six out of every 10 deaths in New York State are caused by chronic diseases. This results in growing need for peripheral intravenous catheters in disease treatment, thereby propelling market growth.

Rising awareness about the minimally invasive surgeries coupled with rising usage of advanced materials such as Teflon and polytetrafluoroethylene in product has also boosted its demand. Some other key factors such as availability of improved catheters, growing awareness among the public, and increasing cases of surgeries is expected to boost the market growth. Furthermore, the reimbursement policies related to catheters, such as reimbursement provided by Center for Medicare and Medicaid in the U.S., helps in expanding the market.

However, risks and complications associated with the peripheral intravenous catheters may hinder the growth of the global peripheral intravenous catheter market.

Peripheral I.V. Catheter Market Segmentation:                                                                                       

Breakdown Data by Type

Short PIVC

Integrated/closed PIVC

Peripheral I.V. Catheter Breakdown Data by Application

Hospitals

Ambulatory surgical centers

Clinics

Home use

Others

Regional and Country-level Analysis

North America held majority of the market share. The region suffers from the burden of rising chronic diseases and growing geriatric population. North America has sophisticated healthcare facilities, and the reimbursement coverage contributes to the large market share of the region. According to the National Center for Chronic Disease Prevention and Health, 6 in 10 adults of the US have a chronic disease at some point in their lives. Chronic disease is leading causes of death and disability and Leading Drivers of the Nation's $3.5 Trillion in Annual Health Care Costs. The aforementioned factors are expected to boost the regional growth.

Asia Pacific is anticipated to witness a lucrative growth rate over the forecast period. The target population comprising individuals with chronic conditions such as neurological disorders, diabetes, and infectious disorders is on the rise in these developing regions. This provides avenues for players in this vertical to carry out campaigns and awareness programs with regards to disease treatment thereby increasing product penetration in the regional verticals.

Strategic Points Covered in TOC:

The report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What's more, the Peripheral I.V. Catheter industry development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.

Peripheral I.V. Catheter market research includes the methodical description of the various factors such as the market growth and detailed information about the different company's revenue, technological developments, production, and the various other strategic developments. The regional spaces of significant components, including the capacity, cost, price, technology, supplies, profit, and competition are analyzed.

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Peripheral I.V. Catheter Analysis and Strategies Carry Out as below:

The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Peripheral I.V. Catheter market report.
The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Peripheral I.V. Catheter market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Peripheral I.V. Catheter Market report.

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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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