openPR Logo
Press release

Peripheral Intravenous Catheter Market

02-07-2018 01:42 PM CET | Health & Medicine

Press release from: Market Research Reports Search Engine - MRRSE

MRRSE

MRRSE

New research report offers a comprehensive analysis of the “Peripheral Intravenous Catheter Market: Asia Pacific Regional Market to Witness the Fastest Growth Throughout the Forecast Period: Global Industry Analysis & Opportunity Assessment, 2016-2021“The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.

Request to view Sample Report @ https://www.mrrse.com/sample/2827

Peripheral intravenous catheter is a sophisticated medical device widely used to deliver certain fluids, especially medicines, into a patient’s body through a vein. It is a critically important part of a medical treatment procedure that facilitates drug delivery through an intravenous route. It can also be used in body fluid collection for a patient’s physical examination. PIVC is considered ideal for easy, direct administration of antibiotics, IVs, analgesics, and psycoleptics. It plays a vital role in prevention of blood-borne pathogenic infections. These attributes are currently driving the market for peripheral intravenous catheter on a global level.

FMI indicates that the global peripheral intravenous catheter market will see steady growth over the next few years. The market is predicted to expand at a CAGR of 6.1% over 2016-2021. The revenues are estimated to reach US$ 5.22 Bn by the end of 2021.

Disease Prevalence and Frequent Epidemics Spur Demand for PIVC

Increasing disease prevalence and rising incidences of infection will continue to spur the demand for catheterisation in hospitals, healthcare centres, ambulatory surgical centres, clinics, and home healthcare units.  Soaring frequency of disease epidemics is anticipated to generate substantial demand for peripheral intravenous catheters in order to accomplish patient examination, diagnosis, and treatment. This is likely to include a larger share of PIVCs, compared to other catheters.

Increasing Preference for Safety IV Catheters Primarily Drive Market

Increased spending on healthcare and advancements in healthcare infrastructure will continue to hold a positive influence on market growth. Moreover, the advent of PIVC technology will further boost the sales. Rising ability to afford expensive medical treatments, such as catheterization, will remain a key driver to market growth. User-friendly material composition of peripheral intravenous catheters compared to other counterparts, is another factor that makes them a preferred choice among physicians as well as patients.

Improvisation of PIVC Material and Design Favour Market Growth

Technological innovations in catheterization technique are also expected to propel the demand for peripheral intravenous catheters. Growing usage of non-irritant, harmless, and user-friendly materials in manufacturing of PIVC can reportedly eliminate associated ill effects and risks, extending the expected PIVC access. Moreover, manufacturers have already started improving PIVC design to overcome the complications associated with previous designs. This is considered to be an important factor influencing the market growth.

Expensive PIVC Price Hampers Market Growth, Especially in Developing Regions

Despite having a wide range of advantages, the PIVC market has to face certain technological and qualitative complications, as well as price restraints. Higher costs and reported complications and ill effects of PIVC, such as needle-stick injuries and exposure of blood, may remain a longstanding barrier to mass adoption of peripheral intravenous catheter in near future. Unaffordable catheterisation procedure can hamper PIVC penetration in developing markets in Asia Pacific, Middle East and Africa, and Latin America. Conventional PIVC sales is likely to witness a significant drop owing to stringent regulatory measures related to medical devices in some regions, including EU, Japan, China, Brazil, and Russia.

Short PIVC Continue to Gain Higher Traction

On the basis of product, the global peripheral intravenous catheter market is segmented into the short peripheral intravenous catheter and integrated/closed peripheral intravenous catheter. Short PIVC segment is sub-segmented into ported peripheral IV catheter and non-ported peripheral IV catheter, and will dominate market with nearly 67% value share, expanding at a moderate CAGR over 2016-2021. However, integrated/closed PIVC segment will witness the highest CAGR of 5.5% during the forecast period.

Browse Full Report with TOC @ https://www.mrrse.com/peripheral-intravenous-catheter-industry

Safety PIVC Highly Preferred over Other Catheter Products

Based on technology, safety PIVC segment is estimated to dominate the market, accounting for the largest revenue share by 2021 end. This segment will witness a promising CAGR during the forecast period, attributed to user-friendly material composition and extended access.

Hospitals Continue to Generate Highest Demand for PIVC, Followed by Ambulatory Surgical Units

By end-user, the global market for peripheral intravenous catheter is segmented into hospitals, ambulatory surgical centres, clinics, home use, and others. Hospitals segment is expected to register the highest revenues by the end of 2021, accounting for a dominating market share. Ambulatory surgical centres segment is likely to remain the second-largest segment, contributing significantly to the entire market revenues.

North America Remains the Largest Shareholder, Asia Pacific Witnesses the Fastest Growth

North America will continue to represent over 45% of the entire market value, reaching the revenues of around US$ 2.37 Bn over 2016-2021. Europe is expected to remain the second largest regional market. APAC will demonstrate the fastest growth rate over the assessment period. This growth is primarily due to burgeoning geriatric population and increasing healthcare expenditure.

Product Innovation Remains at the Centre Stage for Key Market Players

Key companies in the global peripheral intravenous catheter market are B. Braun Melsungen AG, Becton Dickinson and Company, Vygon Group, C. R. Bard, Inc., Smith Medical, Tangent Medical, and Terumo Corporation. B. Barun recently featured one of their latest product advancements - Ster-ASSIST™ i.e. Sterile Peripheral IV Catheter Insertion Kit (30th Association for Vascular Access (AVA) Annual Scientific Meeting).

Enquire about this Report @ https://www.mrrse.com/enquiry/2827

About (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords. 

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us                                                                         

State Tower                                                      
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Peripheral Intravenous Catheter Market here

News-ID: 935509 • Views: 189

More Releases from Market Research Reports Search Engine - MRRSE

Global Video Event Data Recorder Market: Industry Analysis and Opportunity Asses …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Video Event Data Recorder Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. To Get Sample Report @ https://www.mrrse.com/sample/2941 The global video event data recorder (VEDR)
Global Octabin Market key Insights Based On Product Type, End-use and Regional D …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Octabin Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Get Sample Report with More Info @ https://www.mrrse.com/sample/16143 Packaging solutions for bulk cargo are gaining fast
Global Ion Beam Technology Market Examines Latest Trends and Key Drivers Support …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled“Global Ion Beam Technology Market”to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Click here – Request Sample Report @ https://www.mrrse.com/sample/3126 Application of ion beam was rarely found
Cash- in Transit Bags Market 2025 | Global Key Players: TruSeal (Pty) Ltd, Harco …
This report on the Global Cash-in Transit Bags Market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, trends, and policies and regulations which are expected to influence the cash-in transit bags market growth during the said period.

All 5 Releases


More Releases for PIVC

Exhaustive Study on Peripheral Intravenous Catheters (PIVC) Market 2019-2024 Seg …
The global Peripheral Intravenous Catheters (PIVC) market is valued at million USD in 2018 and is expected to reach million USD by the end of 2024, growing at a CAGR of between 2019 and 2024. This report studies the Peripheral Intravenous Catheters (PIVC) market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market,
Peripheral IV Catheter (PIVC) Market Demand Trend | B. Braun Melsungen, Smith Me …
Peripheral IV Catheter (PIVC) Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending
Global Peripheral Intravenous Catheters (PIVC) Market Insights, Market Growth, R …
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Global Peripheral Intravenous Catheters (PIVC) Market Insights, Forecast to 2025” which provides an outlook for current market value as well as the expected growth of Peripheral Intravenous Catheters (PIVC) during 2018-2025. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption,
Peripheral IV Catheter (PIVC) Market To Amplify by Top Emerging Trends, SWOT and …
Latest report on Global Peripheral IV Catheter (PIVC) Market provides Emerging Trends, CAGR, SWOT Analysis, its Size, Market Share, Growth Potential, Opportunities, Drivers, Industry-Specific Challenges and Risks, Expansions, Agreements, New Product Launches, and Acquisitions. This research report categorizes the global Peripheral IV Catheter (PIVC) market by players/brands, region, Products and End User. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities
The Global Peripheral IV Catheter (PIVC) Market - Size, Segments and Dynamics
The new report on Peripheral IV Catheter (PIVC) Market studies the global market size of Peripheral IV Catheter (PIVC) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Peripheral IV Catheter (PIVC) in these regions. This report also studies the global Peripheral IV Catheter (PIVC) market status, competition landscape, market share, growth rate, future trends, market
Global Peripheral Intravenous Catheters (PIVC) market 2017 - Hospira, GaltNeedle …
Apex Market Reports, recently published a detailed market research study focused on the "Peripheral Intravenous Catheters (PIVC) Market" across the global, regional and country level. The report provides 360° analysis of "Peripheral Intravenous Catheters (PIVC) Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Peripheral Intravenous Catheters (PIVC) industry, and estimates the