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The peripheral intravenous catheters industry is competitive in nature, with various large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products with improved efficiency and cost-effectiveness is among a key market strategy for catheter manufacturers. Some of the leading industry players including Becton, Dickinson and Company, ICU Medical, Inc., B. Braun Melsungen AG, Boston Scientific Corporation, and Teleflex Incorporated, among others have a substantial presence in the market.
Some of the eminent market participants operating in the peripheral intravenous catheters industry include:
Peripheral intravenous catheters industry reached USD 5.4 billion in 2023 and is set to expand at a 7.7% CAGR from 2024-2032 driven by the advancements in catheter technology, the prevalence of infectious diseases along with favorable government initiatives and healthcare policies.
Short peripheral intravenous catheter (PIVC) market generated more than USD 3.6 billion in revenue in 2023 and is projected to witness high demand through 2032 attributed to the benefits of ease of insertion, simplicity of use, and cost-effectiveness.
North America peripheral intravenous catheters industry was USD 1.8 billion in revenue in 2023 and is poised to record substantial gains by the end of 2032 driven by the presence of a well-established healthcare infrastructure.
Some of the leading peripheral intravenous catheter firms are AngioDynamics, Inc., Becton, Dickinson and Company, Boston Scientific Corporation, ICU Medical, Inc., Lineus Medical, MedSource Labs, Retractable Technologies Inc., Teleflex Incorporated, Terumo Corporation, VOGT Medical, and Vygon.