IV Catheters Market Expected to Reach $17.8 Billion by 2032

IV catheters market size was valued at $8.6 billion in 2022, and is estimated to reach $17.8 billion by 2032, growing at a CAGR of 7.5% from 2023 to 2032. An intravenous catheter is a catheter inserted into a vein to administer fluids or medications. IV catheters are essential tools for healthcare professionals, such as nurses and doctors, as they allow for the direct delivery of fluids, medications, blood products, and other treatments into the patient's circulatory system. These catheters come in various sizes and types, depending on the patient's age, medical condition, and the intended purpose of the IV therapy.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
Becton, Dickinson and Company, BL Group of Companies, Terumo Corporation, ICU Medical Inc., Poly Medicure Ltd., B. Braun SE, AngioDynamics, Inc., Nipro Corporation, Teleflex Incorporated, Vygon

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/14789

Depending on type, the market is classified into peripheral IV catheters, central venous catheters, and others. The peripheral IV catheters segment held the largest IV catheters market share in 2022. This is attributed to its ease of use, high safety profile, and suitability for short-term treatments. These advantages make peripheral IV catheters the preferred choice in a wide range of medical scenarios, contributing to their significant market share.

However, the central venous catheters segment is expected to register the highest CAGR during the IV catheters market forecast period. This is attributed to the suitability of central venous catheters for long-term and specialized therapies, their role in critical care settings, rise in technological advancements, and increase in demand for extended intravenous access in various healthcare settings, which drives the demand for central venous catheters.

Depending on the end user, the market is classified into hospitals, ambulatory surgical centers, and others. The hospitals segment dominated the IV catheters market share in 2022 and is expected to register the highest CAGR during the forecast period. This is attributed to the wide array of medical services, treatments provided by hospitals, their focus on patient care and safety, and rise in the number of surgical procedures performed in hospitals. In addition, hospitals have the infrastructure, staff, and resources to handle complex cases and advanced medical procedures that may involve specialized intravenous equipment, which further supports the segment growth.

Region-wise, IV catheters market analysis is carries out accross North America, Europe, Asia-Pacific and LAMEA. North America was the largest shareholder in the market in 2022, owing to its well-developed healthcare infrastructure, rise in disease prevalence, robust reimbursement policies, presence of key market players, and availability of advanced products. In addition, this region has advanced medical facilities, including hospitals, clinics, and ambulatory surgical centers, which foster the demand for intravenous equipment, while the prevalence of chronic diseases and aging population contribute to the need for advanced medical treatments.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/14789

Asia-Pacific is anticipated to register the highest CAGR during the forecast period, owing to rapidly growing population, coupled with increase in prevalence of chronic diseases, which creates a significant demand for intravenous therapy and IV catheters. The upsurge in healthcare expenditure in the emerging economies is anticipated to offer lucrative opportunities for market expansion.

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