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Global Peripheral Intravenous Catheter Market Set to Surpass USD 13,006.1 Million by 2034, Driven by Technological Advancements and High-Pressure Resistance | FMI
Peripheral Intravenous Catheter Market
A notable trend propelling this market is the integration of closed IV catheters for administering contrast agents during computed tomography (CT) procedures. These specialized closed catheters are designed to withstand high pressures, enhancing the safety and precision of tracer injections and improving patient outcomes in diagnostic imaging. The emphasis on high-pressure resistance aligns with the market's shift toward more durable, patient-centric catheter solutions.
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The forecasted growth in the Peripheral IV Catheter Market is also attributed to a rising global demand for minimally invasive procedures, increased hospital admissions, and advancements in medical technologies. As healthcare providers continue to seek safe and effective ways to deliver IV therapies, the adoption of these new-generation closed catheters is set to increase, offering significant improvements in patient care and operational efficiency.
With a strong outlook for the next decade, the Peripheral IV Catheter Market is positioned as a critical player in advancing healthcare infrastructure globally, supporting clinicians and patients alike through innovative, reliable catheter solutions.
Market Segmentation and Regional Highlights:
• Product Type: The short peripheral IV catheter segment is expected to dominate, accounting for 35.1% of the market share in 2024.
• Technology: Safety PIVC technology holds the leading position in the segment with a market share of 30.3% in 2024.
• Regional Insights:
o The peripheral intravenous catheter market in India and the United States is forecasted to grow at a CAGR of 7.5% through 2034.
o China's market is anticipated to develop at a 7% CAGR, while Italy and Japan are projected to grow at 6.7% and 6.6% CAGRs, respectively.
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Competitive Landscape:
Leading companies in the PIVC market include Becton, Dickinson and Company, B. Braun Melsungen AG, Smiths Group plc, Terumo Corporation, Venner Medical, Vygon, Teleflex Incorporated, and C. R. Bard, Inc. These companies are focusing on collaboration with healthcare providers to drive innovation and patient-centric outcomes, while also launching more affordable and effective products.
Recent Developments:
• In October 2023, B. Braun Medical Inc. expanded its Peripheral Advantage® Program to address health inequities in vascular access and improve standards of care for intravenous therapies.
• BD launched PIVO™ Pro in November 2023, an innovative needle-free blood draw technology that aligns with BD's vision of a "One-Stick Hospital Stay," aiming to reduce needlesticks, improve patient experience, and enhance clinical outcomes.
Market Segmentation:
• By Product Type: Short Peripheral IV Catheter, Ported PIVC, Non-Ported PIVC, Integrated/Closed PIVC, Closed with Extension Sets, Closed PIVC
• By Technology: Conventional PIVC, Safety PIVC, Closed with Extension Set, Active PIVC with Blood Control, Passive PIVC with Blood Control, Active PIVC, Passive PIVC
• By End User: Hospitals, Ambulatory Surgical Centers (ASCs), Clinics, Home Use, and Others
• By Region: North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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