Increasing hospitalizations, anticipated rise in cancer incidence, and higher demand for infused chemotherapy agents are fuelling the need for higher quality catheters for safe usage. Furthermore, rising number of biologic approvals is increasing the demand for infusion therapies.

The global peripheral intravenous catheters market was valued at US$ 4.9 Bn in 2020, and is expected to witness a healthy CAGR of 7% during the forecast period (2020–2030).

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Company Profiles:

• Becton, Dickinson and Company
• Braun Melsungen AG
• Smith’s Group plc.
• Terumo Corporation
• Venner Medical
• Vygon
• Teleflex Incorporated
• R. Bard, Inc.
• NIPRO Medical Corporation
• Argon Medical Devices, Inc.

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Key Takeaways of Peripheral Intravenous Catheters Market Study

• Short peripheral IV catheters occupied nearly 70%of the market value share in the peripheral intravenous catheters market in 2019, owing to their increasing adoption in hospitals.
• Safety PIVC technology accounts for the highest market value share in global peripheral intravenous catheters market, due to the rising demand for safe devices.
• Hospitals hold a major share in the market, owing to the increasing number of in-patients, globally.
• North America and Europe hold over 70%revenue share in the global peripheral intravenous catheters market, primarily due to the presence of established players in these regions.

“Growing prevalence of chronic diseases such as cancer and increasing approvals of intravenous drugs are is expected to boost the growth of the peripheral intravenous catheters market over the next decade,” says a PMR analyst.

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Strong Regulations Driving Need for High Quality Peripheral Intravenous Catheters

Increasing safety legislations are being passed related to the use of PIVC for the infusion of medication and antibiotic fluids directly into peripheral veins and for drawing blood for testing and to treat diseases. A number of healthcare reforms have been passed, worldwide, to ensure safe and effective infusion therapy and improve the quality of healthcare services. The U.S. Food and Drug Administration (US FDA) is focused on increasing awareness about safety during the insertion of PIVC. The Needle-stick Safety and Prevention Act was passed in the U.S., in 2000, which further increased the demand for high quality peripheral intravenous catheters.

More Valuable Insights on Peripheral Intravenous Catheters Market

Persistence Market Research offers a unique perspective and actionable insights on the peripheral intravenous catheters market in its latest study, presenting historical demand assessment of 2015–2019 and projections for 2020–2030m on the basis of product (short peripheral IV catheters and integrated/closed PIVC), technology (conventional PIVC and safety PIVC), and end user (hospitals, ambulatory surgical centers, clinics, home use, and others), across five major regions.

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