India Peripheral Catheters Market Growth And Forecast 2023-2030

India Peripheral Catheters Market Thrives with a Valuation of USD 78.1 Million in 2021, Poised for a 5.80% CAGR Growth Through 2030:
The India Peripheral Catheters Market exhibited robust growth in 2021, with a valuation of USD 78.1 million. Anticipated to maintain this momentum, the market is projected to experience a compound annual growth rate (CAGR) of 5.80% during the forecast period from 2023 to 2030.

Peripheral intravenous catheters, essential for direct medication administration and blood withdrawal, have evolved significantly. The contemporary catheters boast enhanced safety features to prevent needlestick injuries. Crafted from non-irritant silicone, these catheters assure long-term contact with the circulatory system sans side effects.

The market's upward trajectory can be attributed to various factors, including the burgeoning geriatric population, an upsurge in chronic diseases, and increased healthcare expenditure. Technological advancements in peripheral I.V. catheters are further fueling this growth.

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Benefits and Applications:
Peripheral IV catheters offer a distinct advantage by facilitating the direct administration of medicine into the bloodstream. Widely utilized in surgeries, emergencies, pediatrics, geriatrics, and patients unable to ingest food, these catheters play a pivotal role in healthcare delivery.

Challenges in Growth:
Despite the growth prospects, challenges persist. The market faces hindrances such as the necessity for trained healthcare professionals, procedural pain during insertion, and the cost of closed catheters, which may impede growth to a certain extent.

Physician Preferences:
Healthcare practitioners increasingly favor peripheral IV catheters due to their convenience and reliability in obtaining venous access. The ease of insertion and versatility for diverse clinical needs make them a preferred choice.

Technological Advancements and Market Dynamics:
Technological strides in Peripherally Inserted Central Catheters (PICCs), including innovations such as anti-microbial and anti-thrombogenic PICCs, contribute to market expansion. Companies are strategically entering new markets, especially in emerging countries, to capitalize on innovative technologies and diverse product portfolios.

Geographical Segmentation:
Geographically, the market is segmented into five major regions: North India, South India, East India, and South India.

Key Players and Strategies:
Major players in the Peripherally Inserted Central Catheter market include AngioDynamics, Inc., Teleflex Incorporated, B. Braun Melsungen AG, Medtronic plc, Vygon S.A, Cook Medical, Inc., Becton, Dickinson and Company, Boston Scientific Corporation, among others. Established and emerging companies focus on launching advanced products to expand market share. Approval for innovative technological PICC Catheters is a strategic emphasis for increased market penetration.

Strategic Initiatives:
Companies adopt various strategies, including acquisitions, mergers, and expansions, to gain maximum market share. Notably, in December 2017, Becton, Dickinson, and Company's acquisition of C. R. Bard, Inc. positioned BD as the largest healthcare company, expanding its business into temperature management and other sectors.

Conclusion:
The India Peripheral Catheters Market stands poised for significant growth, driven by demographic trends, technological advancements, and strategic initiatives by key players. The market's expansion is anticipated to positively impact healthcare delivery, offering enhanced solutions for medication administration and blood withdrawal.

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