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Peripheral Intravenous Catheters Market Trends

Report ID: GMI7984 Published Date: January 2024Report Format: PDF
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Peripheral Intravenous Catheters Market Trends

The rise in demand for intravenous (IV) therapies is a significant trend in healthcare, driven by various factors that highlight the effectiveness and versatility of intravenous administration. Controlled infusion rates, continuous and prolonged therapy, and suitability for critical care are some of the pointers supporting the segmental growth.

  • Intravenous administration allows for precise and controlled delivery of medications directly into the bloodstream. This ensures rapid and efficient absorption, making it the preferred route for certain drugs, especially in critical situations.
  • Further, IV therapy allows for the administration of larger volumes of fluids and medications than other routes, making it suitable for treatments such as fluid resuscitation, blood transfusions, and certain chemotherapy regimens.
  • Moreover, in critical care settings, where patients may be unable to take medications orally, IV administration becomes essential. This is common in intensive care units (ICUs) and emergency departments.
Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

What is the size of the peripheral intravenous catheters market?+

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.

Why is the demand for short peripheral intravenous catheters growing?+

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.

How big is the peripheral intravenous catheters market in North America?+

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.

Who are the major participants operating in the peripheral intravenous catheters industry?+

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.

Peripheral Intravenous Catheters Market Scope

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