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Peripheral IV Catheters Market on growth trajectory: In-depth Analysis of Market Size, Key Players, Growth Drivers and Emerging Trends
Peripheral IV Catheters Market
Rapid expansion of the global Peripheral IV Catheters market is anticipated, fueled by rising healthcare facilities, advanced catheter technologies, and a growing aging population.
What Is The Projected Market Size Of The Global Peripheral IV Catheters Market And Its Growth Rate?
• The Peripheral IV Catheters market was worth $5.43 billion in 2024 and is projected to reach $5.79 billion in 2025, growing at a CAGR of 6.6%.
• The market growth can be attributed to increased hospital admissions, demand for vascular access devices, rising aging population and chronic diseases.
• Strong growth is expected in the coming years, with market size projected to reach $8.36 billion in 2029 at a CAGR of 9.6%.
• Growth drivers in the forecast period include minimally invasive procedures, trends towards home healthcare as well as antimicrobial coatings integrated on peripheral iv catheters.
What Is Driving The Growth In The Peripheral IV Catheters Market?
The growing prevalence of chronic diseases significantly fuels the Peripheral IV Catheters market growth. Peripheral intravenous catheters are extensively used for managing chronic conditions like cancer, cardiovascular diseases, and others. As per the Australian Bureau of Statistics, nearly half (46.6%) of the population had at least one chronic illness in March 2022, thus highlighting the market's potential for continuous growth.
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Who Are the Key Players Driving Peripheral IV Catheters Market Growth?
• Becton, Dickinson and Company
• B. Braun Melsungen AG
• Smiths Medical Inc.
• Vygon SAS
• Terumo Corporation
• Teleflex Incorporated
• NIPRO Medical Corporation
• Argon Medical Devices Inc.
• Medical Components Inc.
What Are The Key Trends In The Peripheral IV Catheters Market?
• Ultrasound-guided peripheral iv catheter insertion: This technique improves safety and success rates of insertion.
• Reduced complications and catheter failure: Improved catheter technology is reducing complications and rates of failure.
• Wireless communication for catheter monitoring: Improves real-time tracking and monitoring of catheter status.
• Shift toward disposable catheters: Disposable catheters reduce the risk of infection and cross-contamination.
What Are The Segments Of The Global Peripheral IV Catheters Market?
• By Product Type: Short Peripheral Intravenous Catheters, Integrated/Closed Peripheral Intravenous Catheters (PIVC)
• By Technology: Conventional Peripheral Intravenous Catheters (PIVC), Safety Peripheral Intravenous Catheters (PIVC)
• By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Home Healthcare
Which Region Leads The Peripheral IV Catheters Market?
North America dominated the Peripheral IV Catheters market in 2024 and is projected to be the fastest-growing region during the forecast period. The report covers multiple regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Peripheral IV Catheters Market Global Market Report?
- Market Size Analysis: Analyze the Peripheral IV Catheters Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Peripheral IV Catheters Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Peripheral IV Catheters Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Peripheral IV Catheters Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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