Press release
Short Peripheral Intravenous Catheters Market Size 2024 to 2031.
Market Overview and Report CoverageA Short Peripheral Intravenous Catheter (PIVC) is a small, flexible tube that is inserted into a vein in order to administer medication, fluids, or blood products. They are commonly used in hospitals, clinics, and other healthcare settings.
The future outlook for the Short Peripheral Intravenous Catheters Market looks promising, with a projected growth rate of 6.00% during the forecasted period. This growth can be attributed to several factors, including the increasing prevalence of chronic diseases, rising demand for minimally invasive procedures, and advancements in catheter technology.
Currently, the market is driven by the increasing number of surgeries and hospital admissions, as well as the growing focus on patient comfort and safety. Short PIVCs offer a convenient and efficient way to deliver medications and fluids to patients, making them a popular choice among healthcare providers.
In conclusion, the Short Peripheral Intravenous Catheters Market is expected to experience steady growth in the coming years, driven by technological advancements, increasing healthcare expenditure, and the rising demand for minimally invasive treatment options.
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Market Segmentation
The Short Peripheral Intravenous Catheters Market Analysis by types is segmented into:
• Ported Short PIVC
• Non-Ported Short PIVC
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Short Peripheral Intravenous Catheters (PIVC) are commonly divided into two types: Ported Short PIVC and Non-Ported Short PIVC. Ported Short PIVCs have an additional port that allows for medication administration or blood draws without removing the catheter. Non-Ported Short PIVCs do not have this additional port and require removal for medication administration or blood draws. Both types are essential in healthcare settings for providing rapid and efficient access to the circulatory system for intravenous medications and fluids.
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The Short Peripheral Intravenous Catheters Market Industry Research by Application is segmented into:
• Hospitals
• Clinics
• ASCs
• Other
Short Peripheral Intravenous Catheters are commonly used in hospitals, clinics, and Ambulatory Surgical Centers (ASCs) for patients requiring short-term venous access for medication administration, fluids, and blood transfusions. These medical facilities rely on these catheters to provide efficient and safe delivery of treatments. Additionally, these devices are also utilized in other markets such as emergency medical services, long-term care facilities, and home healthcare settings, demonstrating their versatile application in various healthcare settings.
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In terms of Region, the Short Peripheral Intravenous Catheters Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Short Peripheral Intravenous Catheters market?
Emerging trends in the global short peripheral intravenous catheters market include the increasing focus on infection control and prevention, technological advancements in catheter design to improve patient comfort and safety, growing demand for disposable catheters to reduce the risk of contamination, and the rising prevalence of chronic diseases driving the need for intravenous therapy. Additionally, there is a shift towards the use of antimicrobial coatings on catheters to decrease the risk of infections, as well as a growing emphasis on personalized medicine and targeted therapies leading to the development of specialized catheters for specific patient populations.
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Major Market Players
BD Medical, a subsidiary of Becton, Dickinson and Company, is a leading player in the short peripheral intravenous catheters market. BD Medical has a long history of innovation and producing high-quality medical devices. The company has experienced significant market growth in recent years due to its advanced technology and strong global presence.
C.R. Bard, now a part of Becton, Dickinson and Company, is another key player in the short peripheral intravenous catheters market. The company has a strong history of success and has been a pioneer in the development of medical devices. C.R. Bard has seen steady market growth and has a substantial market share in the intravenous catheters segment.
Smiths Medical is also a notable player in the short peripheral intravenous catheters market. The company has a wide range of medical devices and has a strong presence in the global healthcare market. Smiths Medical has shown significant market growth in recent years and continues to innovate and expand its product offerings.
As for sales revenue, BD Medical reported $17.2 billion in revenue for the fiscal year 2020, while C.R. Bard reported revenue of $3.62 billion for the same period. Smiths Medical, on the other hand, reported revenue of $1.17 billion in 2020.
Overall, these companies are key players in the short peripheral intravenous catheters market, with a strong history of success, significant market growth, and substantial sales revenue. Their innovative products and global presence make them leaders in the medical device industry.
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Name: Mahesh Patel
Phone: +1 507 500 7209
Email: sales@reportprime.com
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