Global Report of Peripheral Intravenous Catheters market Size, Dynamics, Regional Share, Trends, Competitor Analysis 201
Global Report of Peripheral Intravenous Catheters market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2016 and Forecast 2017-2024
Peripheral Intravenous Catheters market:
Peripheral IV catheters are been used for administering drugs and nutrients and has been around in the market for many years, which is expected to create market demand for peripheral catheters across the globe. Moreover, rising number of inpatient, critical care admissions owing to chronic diseases and several acute diseases conditions expected to lead the market revenue growth positively. In addition, growing geriatric populations and rising healthcare infrastructure in developing economies driving peripheral IV catheters market globally.
Over last few years healthcare professionals increasingly preferring safety catheters over conventional catheters owing to rising concern of needlestick injuries to patients is creating the potential market opportunity for players offering safety catheters in the market. Moreover, technological advances in catheters manufacturing resulted in a reduction in hematoma-related complications and blood infections is expected to drive market revenue growth. For instance, usage of short peripheral catheters helps in reduction of hematoma related complications and blood infections.
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The global peripheral catheters market is categorized as under-
1. Product Type
• Short Peripheral Intravenous Catheter (Ported PIVCs and Non-ported PIVCs)
• Integrated/closed Peripheral Intravenous Catheter
2. Technology Type
• Conventional PIVCs
• Safety PIVCs
3. End-User
Hospitals, Clinics, Ambulatory Surgical Centers (ASC), Homecare Settings.
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And lastly on the basis geographical regions, the global peripheral intravenous catheter market have five major regions-North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Currently, North America market leads the global peripheral intravenous catheters (PIVCs) due to the increase in adoption of a safety and short catheters in this region. Asia-pacific peripheral intravenous catheters market is expected to grow at significant rate owing to large patient population and growing healthcare infrastructure in the region.
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Some of the key players in the global Peripheral Intravenous Catheters market include: Argon Medical Devices Inc. (U.S), B. Braun Melsungen AG (Germany), Becton Dickinson and Company (U.S), C. R. Bard, Inc. (U.S), Medical Components Inc. (U.S), Smith Medical (U.S), Tangent Medical Technologies (U.S), Teleflex Inc. (U.S), Terumo Corporation (Japan), VIGMED AB (Sweden), Vygon Group (France) are some names.
Players in the Global Peripheral Intravenous Catheters (PIVCs) Market are launching the newer, mergers and acquisitions, collaborations and technologically advanced products in the market to garner larger market share. The market for peripheral IV catheters projected to reach US$ 5,467 million by 2023 owing to increasing healthcare infrastructure and growing advances in PIVCs technology.
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