Soaring Demand Set to Propel Peripheral IV Catheters Market to $8.36 Billion by 2029

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What Is the Expected CAGR for the Peripheral IV Catheters Market Through 2025?_x000D_
The market size for peripheral iv catheters has seen significant growth in recent years. Its projected expansion is from $5.43 billion in 2024 to $5.79 billion in 2025, revealing a compound annual growth rate (CAGR) of 6.6%. The increase during the historical period could be linked to the expansion of healthcare facilities, rise in the aging population and incidence of chronic illness, growth in surgical and medical procedures, a surge in hospital admissions, and the increasing demand for vascular access devices._x000D_
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What's the Projected Size of the Global Peripheral IV Catheters Market by 2029?_x000D_
The market size for peripheral iv catheters is anticipated to witness substantial growth in the coming years, escalating to $8.36 billion by 2029 with a compound annual growth rate (CAGR) of 9.6%. This surge in growth into the forecast period can be due to factors such as the application of minimally invasive procedures and catheters, the utilization of short peripheral catheters for outpatient treatment, prevention methods to avoid catheter-related bloodstream infections, broadening of home healthcare services, and the incorporation of antimicrobial coatings. Some notable trends within the forecast period include the implementation of ultrasound-guided peripheral iv catheter placement, minimized complications and instances of catheter failure, the use of wireless communication for catheter supervision, patient-focused catheter healthcare, and the move towards disposable catheters._x000D_
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Top Growth Drivers in the Peripheral IV Catheters Industry: What's Accelerating the Market?_x000D_
The peripheral IV catheters market is anticipated to grow due to the increasing occurrence of chronic diseases. These catheters are regularly employed to manage a range of chronic illnesses including cancer, cardiovascular diseases and others. For example, data from the Australian Bureau of Statistics in March 2022 revealed that nearly half (46.6% or 11.6 million) of the population had at least one chronic condition. The most prevalent chronic diseases were identified as mental and behavioral disorders (20.1%), back pain (15.7%), and arthritis (12.5%). Consequently, the escalating rate of chronic diseases is predicted to boost the growth of the peripheral IV catheters market._x000D_
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What Trends Will Shape the Peripheral IV Catheters Market Through 2029 and Beyond?_x000D_
Innovation in technology is influencing the direction of the peripheral IV catheters market. Several of these market firms are inventing new offerings to supply technically superior products to their customers. B. Braun Medical, a company specializing in infusion therapy based in the US, has introduced its newest product - the Introcan Safety 2 IV catheter with single-use blood control. This new addition is designed to make IV access safer for medical practitioners by minimizing the possibility of needlestick wounds._x000D_
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What Are the Main Segments in the Peripheral IV Catheters Market?_x000D_
The peripheral iv catheters market covered in this report is segmented -_x000D_
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1) By Product Type: Short Peripheral Intravenous Catheters, Integrated/Closed Peripheral Intravenous Catheters (PIVC)_x000D_
2) By Technology: Conventional Peripheral Intravenous Catheters (PIVC), Safety Peripheral Intravenous Catheters (PIVC)_x000D_
3) By End User: Hospitals, Clinics, Ambulatory Surgical Centers, Home Healthcare_x000D_
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Subsegments:_x000D_
1) By Short Peripheral Intravenous Catheters: Over-the-Needle Catheters, Winged Infusion Sets_x000D_
2) By Integrated/Closed Peripheral Intravenous Catheters (PIVC): Safety Catheters, Antimicrobial Catheters, Smart Catheters_x000D_
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Which Top Companies are Driving Growth in the Peripheral IV Catheters Market?_x000D_
Major companies operating in the peripheral iv catheters market include 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., Vascular Pathways Inc., Tangent Medical Technologies Inc., Vigmed AB, Venner Medical, C. R. Bard Inc., MedSource Labs, Intra Special Catheters GmbH, Greiner Bio-One International GmbH, Ares Medikal, Ace Medical Company, Heka s.r.l, Raumedic AG, Vogt Medical Vertrieb GmbH, RenovoRx Inc., Retractable Technologies Inc., AngioDynamics Inc., ICU Medical Inc., Medtronic plc, Edwards Lifesciences Corporation, Cook Group Incorporated, Stryker Corporation, Boston Scientific Corporation, Johnson & Johnson, Abbott Laboratories, Merit Medical Systems Inc._x000D_
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Which Regions Will Dominate the Peripheral IV Catheters Market Through 2029?_x000D_
North America was the largest region in the peripheral IV catheters market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the peripheral iv catheters market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa._x000D_
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