Peripheral Intravenous Catheters Market Forecast
Regional Forecast:
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:
Largest Region
North America
USD 1.8 Billion in 2023
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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.
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