Global Peripheral IV Catheters Market size is projected to be valued $6 Billion by 2024; with a CAGR of 6.1% from 2017 to 2025. Peripheral IV catheters ensure safe infusion of fluids or medications into the peripheral vein. The fluids flow faster through shorter and larger diameter tube and are commonly given to most patients in emergency room and during surgical conditions. Government of various countries has necessitated guidelines to be followed by manufacturers and hospitals.
Growing number of infections and diseases globally, rising healthcare infrastructure, and increasing use of peripheral IV catheters drives the growth of the market. Moreover, increasing aging population and growing preference of injectable drugs also support the growth of the market. However, probability of causing serious infectious complications might hinder the adoption of these catheters. Furthermore, technological advancements in peripheral IV catheter that would overcome these complications could provide growth opportunities in coming years.
The global peripheral IV caterers market is categorized into technology, clinical area, end user, and geography. By technology, the market is bifurcated into safety and conventional. Clinical area is segmented into oncology, gastroenterology, renal diseases, pediatric diseases, infectious diseases and others. Furthermore, end-user is bifurcated into hospitals, ASC, clinics, home healthcare and others.
y geography, the market has been bifurcated into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, France and others. Asia-Pacific covers China, Japan, India, and others. RoW covers South America, Middle East, and Africa.
Key players include C. R. Bard, Inc., Becton, Dickinson and Company, Argon Medical Devices Inc., Terumo Corporation, Vygon SA, Teleflex Inc., Tangent Medical Technologies, Inc., Smith Medical plc, B. Braun Melsungen AG, and Vigmed AB, among others.
The report covers
Scope of the Global Peripheral IV Catheters Market
Clinical Area Segments
End User Segments