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Global Peripheral IV Catheters Market: High Demand for Peripheral IV Catheters Noticed by Variant Market Research



According to the latest report published by Variant Market Research, the global peripheral IV catheters market size is estimated to reach $6,027 Million by 2024 from $3,730 Million in 2016, at a CAGR of 6.2% from 2016 to 2024.

Increase in the number of infections & diseases to drive the global peripheral IV catheters market

The global peripheral IV catheters market trend includes expanding healthcare infrastructure, increase in the number of infections & diseases, high demand for various peripheral IV catheter types, and increasing inclination of injectable drugs. In addition to medication administration, peripheral IV catheter insertion method is used to withdraw blood from veins for testing. Though, probability of causing severe infections may hamper the market growth and may accountable for peripheral intravenous catheter failure. Furthermore, product innovations would provide an opportunity for market players of peripheral intravenous catheters market.

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Market Segmentations

The global peripheral intravenous (IV) catheters market is classified into clinical area, technology, end user, and geography. Oncology, renal diseases, gastroenterology, infectious diseases, pediatric diseases, and other clinical areas are covered under the clinical area sub segment. Technology segment includes safety and conventional. End user comprises clinics, hospitals, ASC, home healthcare, and other end users. North America (U.S., Mexico, and Canada), Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.
Oncology, by clinical area, is estimated to dominated the global market in 2016
Oncology held for the highest market share in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to increasing number of cancer patients globally.

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Safety, by technology, is estimated to dominated the global market in 2016

Safety held for the highest market share in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to the fact that superior peripheral I.V. catheters are capable with additional safety features to avoid needlestick injuries, which allow for their use in critical care units in hospitals.

Hospital, by end user, is estimated to dominated the global market in 2016

Hospital held for the highest market share in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to safety features offered by peripheral IV catheters coupled with their high demand from hospitals.

Asia-Pacific is estimated to witness fastest CAGR from 2016 to 2024

Asia-Pacific is predicted to grow at a fastest CAGR over the forecast period 2016 to 2024. The growth is attributed to rising aging population, & improving healthcare infrastructure.

Competitive Landscape

The key market players of the peripheral IV catheters market are Argon Medical Devices Inc., Tangent Medical Technologies, Inc., Vigmed AB, Smith Medical plc, C. R. Bard, Inc., B. Braun Melsungen AG, Becton, Dickinson and Company, Terumo Corporation, Vygon SA, and Teleflex Inc., among others.

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Scope of the Global Peripheral IV Catheters Market

Technology Segments

• Safety
• Conventional

Clinical Area Segments

• Oncology
• Gastroenterology
• Renal Diseases
• Pediatric Diseases
• Infectious Diseases
• Other Clinical Areas

End User Segments

• Hospitals
• ASC
• Clinics
• Home Healthcare
• Other End Users

Geography Segments

• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Others

• Asia-Pacific
o China
o Japan
o India
o Others

• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise is data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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News Release: Global Peripheral IV Catheters Market: High Demand for Peripheral IV Catheters Noticed by Variant Market Research
Submitted on: January 12, 2018 08:02:29 AM
Submitted by: Bhavana Patel
On behalf of: https://www.variantmarketresearch.com/report-categories/medical-devices/peripheral-iv-catheters-market
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