Peripheral Intravenous Catheters Market Size & Share, By Product (Short PIVC, Integrated/Closed PIVC), Technology (Conventional PIVC, Safety PIVC), Lumen (Single, Double, Multi-lumen), End-use (Hospitals, Ambulatory Surgical Centers), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Peripheral Intravenous Catheters Market crossed USD 5.56 Billion in 2023 and is poised to reach USD 11.23 Billion by end of the year 2032, witnessing more than 7.9% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 5.56 Billion
• CAGR (2024-2032): 7.9%
• Forecast Year Value (2032): USD 11.23 Billion
• Historical Data Period: 2019-2023
• Largest Region: North America
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

One major growth driver for the Peripheral Intravenous Catheters Market is the increasing prevalence of chronic diseases and the growing demand for medical procedures that require intravenous therapy. As the global population continues to age and the incidence of diseases such as diabetes, cancer, and cardiovascular disorders rises, there is a greater need for peripheral intravenous catheters to administer medication and fluids to patients efficiently and safely.

Another key driver for market growth is the advancements in technology and the development of innovative catheter products that improve patient comfort and reduce the risk of catheter-related complications. Manufacturers are investing in research and development to create catheters with features such as antimicrobial coatings, safety mechanisms to prevent needlestick injuries, and materials that enhance catheter longevity and flexibility. These technological innovations are driving the adoption of peripheral intravenous catheters in healthcare settings.

Report Scope

Report Coverage	Details
Segments Covered	Product, Technology, Lumen, End-Use
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	AngioDynamics, Becton, Dickinson and Company, B. Braun Melsungen AG, Boston Scientific, ICU Medical, Lineus Medical, MedSource Labs, Retractable Technologies, Teleflex Incorporated, Terumo, VOGT Medical, Vygon

Industry Restraints:

Despite the promising growth prospects for the Peripheral Intravenous Catheters Market, there are also significant restraints that could hinder market expansion. One major restraint is the stringent regulatory requirements for catheter manufacturing and usage, which can pose challenges for companies seeking to enter or expand in the market. Compliance with regulatory standards and obtaining necessary approvals can be time-consuming and costly, impacting market entry for new players and product launches for existing manufacturers.

Another key restraint for the market is the increasing concerns regarding catheter-associated infections and the need for healthcare facilities to implement strict protocols for catheter insertion, maintenance, and removal. Catheter-related bloodstream infections are a significant healthcare-associated complication that can lead to increased patient morbidities, hospital stays, and healthcare costs. Healthcare providers are under pressure to adhere to best practices for catheter care, which can limit the growth of the peripheral intravenous catheters market as facilities emphasize infection prevention measures over expansion of catheter use.

Regional Forecast:

North America:

The peripheral intravenous catheters market in North America is expected to witness significant growth due to the increasing prevalence of chronic diseases, growing geriatric population, and the rise in surgical procedures. In the United States, the market is driven by the high adoption rate of advanced medical technologies, favorable reimbursement policies, and the presence of key players in the region. Canada is also expected to contribute to the market growth with the increasing demand for peripheral intravenous catheters.

Asia Pacific:

In Asia Pacific, countries like China, Japan, and South Korea are expected to witness substantial growth in the peripheral intravenous catheters market. The market growth in China can be attributed to the increasing healthcare expenditure, improving healthcare infrastructure, and rising awareness about advanced medical devices. Japan is expected to witness significant growth due to the growing geriatric population and the high prevalence of chronic diseases. South Korea is also expected to contribute to the market growth with the increasing demand for peripheral intravenous catheters in the country.

Europe:

In Europe, countries like the United Kingdom, Germany, and France are expected to witness significant growth in the peripheral intravenous catheters market. The market growth in the United Kingdom can be attributed to the increasing healthcare expenditure, favorable reimbursement policies, and the presence of key players in the region. Germany is expected to witness substantial growth due to the high adoption rate of advanced medical technologies and the rising prevalence of chronic diseases. France is also expected to contribute to the market growth with the increasing demand for peripheral intravenous catheters in the country.

Segmentation Analysis:

In terms of segmentation, the global peripheral intravenous catheters market is analyzed on the basis of Product, Technology, Lumen, End-Use

Peripheral Intravenous Catheters Market Size & Share

The Peripheral Intravenous Catheters Market is segmented by product into Short PIVC and Integrated/Closed PIVC. The Short PIVC segment is expected to hold a significant market share due to its widespread usage in clinical settings for short-term venous access. Integrated/Closed PIVC segment is gaining traction among healthcare providers due to its reduced risk of bloodstream infections and ease of use.

Technology Analysis

In terms of technology, the market is segmented into Conventional PIVC and Safety PIVC. The Conventional PIVC segment dominated the market historically, but the Safety PIVC segment is projected to witness significant growth in the forecast period. Safety PIVCs offer additional features such as needleless access ports and retractable needles, resulting in reduced needlestick injuries and infections.

Lumen Analysis

The market is further segmented based on the number of lumens into Single, Double, and Multi-lumen PIVCs. Single-lumen PIVCs are the most commonly used and are expected to maintain their dominance in the market. However, the demand for Double and Multi-lumen PIVCs is increasing due to their ability to provide simultaneous administration of multiple medications or fluids.

End-use Analysis

In terms of end-use, the market is segmented into Hospitals and Ambulatory Surgical Centers. Hospitals are the primary end-users of peripheral intravenous catheters, accounting for a significant market share. The increasing number of hospital admissions and surgeries are driving the demand for PIVCs in hospitals. Ambulatory Surgical Centers are expected to witness growth due to the rising trend of outpatient surgeries and minimally invasive procedures.

Competitive Landscape:

The Peripheral Intravenous Catheters Market is highly competitive with a number of key players vying for market share. Some of the major factors driving competition in this market include technological advancements, product innovation, strategic partnerships, and mergers and acquisitions. Companies are constantly striving to develop new and improved peripheral intravenous catheters to meet the growing demand for more efficient and safer medical devices. The top 10 companies operating in the Peripheral Intravenous Catheters Market globally include B. Braun Melsungen AG, BD, Smiths Medical, Terumo Corporation, Vygon SA, NIPRO Medical Corporation, Argon Medical, RenovoRx, AngioDynamics, and Teleflex Incorporated. These companies have a strong presence in the market and are focused on developing innovative products to maintain their competitive edge.