Peripheral Intravenous Catheters Market Size, Share, Industry Trends and Forecast to 2030

Peripheral Intravenous Catheters Market Size & CAGR

The Peripheral Intravenous Catheters market was valued at USD 4.5 billion in 2023 and is projected to grow at a CAGR of 5.7% from 2023 to 2030, reaching a forecasted market size of USD 7.2 billion by the end of the forecast period. The increasing prevalence of chronic diseases, advancements in medical technology, and rising demand for minimally invasive procedures are driving the growth of the Peripheral Intravenous Catheters market.

COVID-19 Impact on the Peripheral Intravenous Catheters Market

The COVID-19 pandemic has had a significant impact on the Peripheral Intravenous Catheters market. The unprecedented demand for healthcare services, especially in intensive care units and emergency departments, has led to an increased need for peripheral intravenous catheters. Healthcare facilities have been facing challenges in ensuring the availability of medical supplies, including IV catheters, due to disruptions in the supply chain. However, the market has also witnessed innovations in catheter technology to address the specific needs of COVID-19 patients, such as antimicrobial coatings and securement devices to prevent catheter-related bloodstream infections.

Peripheral Intravenous Catheters Market Dynamics

The Peripheral Intravenous Catheters market is driven by factors such as the growing prevalence of chronic diseases, increasing surgical procedures, and technological advancements in catheter design. The market is witnessing a shift towards the use of safety-engineered devices to reduce the risk of needlestick injuries and healthcare-associated infections. However, challenges such as the high cost of advanced catheters, concerns about catheter-related complications, and regulatory issues related to the manufacturing and distribution of medical devices are hindering market growth.

Segments and Related Analysis of the Peripheral Intravenous Catheters Market

The Peripheral Intravenous Catheters market can be segmented based on product type, material, end-user, and region. By product type, the market is categorized into short peripheral intravenous catheters, integrated/closed catheter systems, and peripherally inserted central catheters (PICCs). Based on material, the market includes polyurethane, silicone, and others. Hospitals, ambulatory surgical centers, and specialty clinics are the key end-users of peripheral intravenous catheters. Regionally, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa are the major markets for IV catheters.

Peripheral Intravenous Catheters Market Analysis Report by Region

Asia Pacific Peripheral Intravenous Catheters Market Report

The Asia Pacific region is expected to witness significant growth in the Peripheral Intravenous Catheters market due to the increasing geriatric population, rising prevalence of chronic diseases, and expanding healthcare infrastructure. Countries like China, Japan, India, and South Korea are key markets in the region, with a high demand for advanced medical devices and technologies.

South America Peripheral Intravenous Catheters Market Report

In South America, the Peripheral Intravenous Catheters market is driven by the growing healthcare expenditure, improving access to healthcare services, and the presence of key market players. Brazil, Argentina, and Chile are among the prominent markets in the region, with a focus on innovation and technological advancements in medical devices.

North America Peripheral Intravenous Catheters Market Report

North America is a mature market for Peripheral Intravenous Catheters, with the United States and Canada being the leading countries in terms of market size and revenue. The region benefits from a well-established healthcare system, high adoption of technologically advanced medical devices, and a strong focus on patient safety and infection control.

Europe Peripheral Intravenous Catheters Market Report

The European region is characterized by stringent regulatory standards for medical devices, leading to the adoption of high-quality IV catheters that comply with safety and performance requirements. Countries like Germany, France, the UK, and Italy are major contributors to the Peripheral Intravenous Catheters market in Europe.

Middle East and Africa Peripheral Intravenous Catheters Market Report

The Middle East and Africa region are witnessing growth in the Peripheral Intravenous Catheters market due to the improving healthcare infrastructure, increasing government initiatives for healthcare modernization, and rising awareness about infection control measures. Countries like Saudi Arabia, UAE, South Africa, and Nigeria are key markets in the region.

Peripheral Intravenous Catheters Market Analysis Report by Technology

The Peripheral Intravenous Catheters market can be segmented based on technology, including conventional peripheral intravenous catheters and safety-engineered devices. Safety-engineered devices incorporate features such as retractable needles, needleless connectors, and antimicrobial coatings to reduce the risk of needlestick injuries and healthcare-associated infections.

Peripheral Intravenous Catheters Market Analysis Report by Product

The product segment of the Peripheral Intravenous Catheters market includes short peripheral intravenous catheters, integrated/closed catheter systems, and peripherally inserted central catheters (PICCs). Short peripheral IV catheters are commonly used for short-term intravenous access, while PICCs are inserted into a central vein for longer durations.

Peripheral Intravenous Catheters Market Analysis Report by Application

In terms of application, the Peripheral Intravenous Catheters market serves a wide range of medical specialties and procedures, including surgery, emergency care, critical care, oncology, pediatric care, and home healthcare. Each application requires specific types of IV catheters tailored to the patient's condition and treatment.

Peripheral Intravenous Catheters Market Analysis Report by End-User

Hospitals, ambulatory surgical centers, specialty clinics, home healthcare providers, and long-term care facilities are the key end-users of Peripheral Intravenous Catheters. Hospitals account for the largest share of IV catheter usage, driven by the high volume of patient admissions and medical procedures performed in these facilities.

Key Growth Drivers and Key Market Players of Peripheral Intravenous Catheters Market

The key growth drivers of the Peripheral Intravenous Catheters market include the increasing prevalence of chronic diseases, rising demand for minimally invasive procedures, advancements in catheter technology, and the growing geriatric population. Key market players operating in the Peripheral Intravenous Catheters market include:

• Becton Dickinson and Company
• B. Braun Melsungen AG
• Smiths Medical
• Terumo Corporation
• Teleflex Incorporated

Peripheral Intravenous Catheters Market Trends and Future Forecast

The Peripheral Intravenous Catheters market is witnessing trends such as the adoption of safety-engineered devices to reduce needlestick injuries, the development of antimicrobial coatings to prevent infections, and the introduction of securement devices to enhance catheter stability. The market is expected to witness further innovations in catheter design, materials, and technologies to improve patient outcomes and safety.

Recent Happenings in the Peripheral Intravenous Catheters Market

In response to the COVID-19 pandemic, key market players in the Peripheral Intravenous Catheters market have ramped up production to meet the increased demand for medical supplies. Companies have also focused on developing novel catheter technologies to address the specific requirements of COVID-19 patients, such as ensuring secure vascular access and minimizing infection risks. As the healthcare industry continues to evolve, the Peripheral Intravenous Catheters market is poised for further advancements and growth in the coming years.