Peripheral IV Catheters Global Market Report 2024

Peripheral IV catheters, also known as peripheral intravenous catheters (PIVCs), are thin, flexible tubes inserted into a vein to administer medications and nutritional supplements. These catheters are commonly used for therapeutic purposes, including the delivery of medications, fluids, blood products, and blood sampling.

The main types of peripheral IV catheters include short peripheral intravenous catheters and integrated/closed peripheral intravenous catheters (PIVC). A short peripheral catheter typically measures less than 3 inches in length. The technology employed in peripheral IV catheters includes conventional peripheral intravenous catheters and safety PIVCs. These catheters find application across various healthcare settings, including hospitals, clinics, ambulatory surgical centers, and home healthcare.

The peripheral IV catheters market research report is one of a series of new reports that provides peripheral IV catheters market statistics, including peripheral IV catheters industry global market size, regional shares, competitors with a peripheral IV catheters market share, detailed peripheral iv catheters market segments, market trends and opportunities, and any further data you may need to thrive in the peripheral IV catheters industry. This peripheral IV catheter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The peripheral iv catheters market size has grown strongly in recent years. It will grow from $5.19 billion in 2023 to $5.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The expansion observed in the historical period can be attributed to several factors, including the growth of healthcare facilities, an aging population with a higher prevalence of chronic diseases, an increase in surgical and medical procedures, rising hospital admissions, and a growing demand for vascular access devices.

The peripheral iv catheters market size is expected to see strong growth in the next few years. It will grow to $7.67 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The anticipated growth in the forecast period can be attributed to several factors, including the increased adoption of minimally invasive procedures and catheters, the use of short peripheral catheters for outpatient care, efforts to prevent catheter-related bloodstream infections, the expansion of home healthcare, and the integration of antimicrobial coatings in peripheral IV catheters. Major trends expected in the forecast period encompass the adoption of ultrasound-guided peripheral IV catheter insertion, a focus on reducing complications and catheter failure, the implementation of wireless communication for catheter monitoring, a shift towards patient-centered catheter care, and an increasing preference for disposable catheters.

The peripheral IV catheters market is poised for growth, driven by the increasing prevalence of chronic diseases. Peripheral intravenous catheters play a crucial role in managing various chronic conditions, including cancer and cardiovascular diseases. As of March 2022, statistics from the Australian Bureau of Statistics indicate that almost half of the population (46.6% or 11.6 million) is affected by at least one chronic illness. The most common chronic conditions include mental and behavioral problems (20.1%), back pain (15.7%), and arthritis (12.5%). This rising prevalence of chronic diseases is anticipated to fuel the demand for peripheral IV catheters.

The peripheral IV catheter market is expected to witness growth due to the expanding home healthcare services. Home healthcare services involve providing medical and non-medical care to individuals in their homes, aiding in recovery from illnesses, accidents, or surgeries, and managing persistent medical conditions. The use of peripheral IV catheters in home healthcare services not only enhances patient comfort but also facilitates critical treatments for those with chronic or urgent medical needs while maintaining their quality of life at home. A substantial growth of 22 percent in home health and personal care assistant employment is projected between 2022 and 2032, according to the Bureau of Labor Statistics. This expansion is significantly faster than the average rate for all occupations, with an estimated 684,600 jobs for home health and personal care aides per year during the next decade.

The peripheral IV catheters market is evolving through technological advancements. Companies in the market are focusing on developing new products to offer technologically enhanced solutions. For instance, B. Braun Medical, a US-based infusion therapy company, introduced the Introcan Safety 2 IV catheter with one-time blood control, enhancing IV access safety for clinicians and reducing the risk of needlestick injuries.

Major companies in the peripheral IV catheter market are prioritizing innovation by developing cutting-edge products like peripheral intravascular lithotripsy (IVL) catheters. These catheters are designed to treat calcified peripheral lesions in blood vessels by breaking down calcium deposits, improving vessel function, blood flow, and minimizing damage. Shockwave Medical Inc., a US-based medical equipment manufacturing company, launched the Shockwave M5+ peripheral IVL catheter in March 2022. This limited-release catheter aims to reduce IVL treatment time, provide alternative access options, and extend IVL treatment to patients with larger vessel diameters. The innovative features of the Shockwave M5+ catheter enable quick and effective therapy for challenging cases, including those that were previously difficult to treat with IVL.

In July 2021, BD (Becton, Dickinson, and Company), a global medical technology company, acquired Velano Vascular. This strategic acquisition enhances BD's capabilities to eliminate multiple needlesticks for blood sample collection using Velano Vascular's needle-free technology. The technology enables high-quality blood draws from existing peripheral intravenous catheter (PIVC) lines, reducing patient discomfort and increasing satisfaction. Velano Vascular, based in California, focuses on innovative, needle-free solutions for blood draws.

Major companies operating in the peripheral iv catheters market include Becton, Dickinson and Company, B. Braun Melsungen AG, Smiths Medical Inc., Vygon SAS, Terumo Corporation, Teleflex Incorporated, NIPRO Medical Corporation, Argon Medical Devices Inc., Medical Components Inc., Vascular Pathways Inc., Tangent Medical Technologies Inc., Vigmed AB, Venner Medical, C. R. Bard Inc., MedSource Labs, Intra Special Catheters GmbH, Greiner Bio-One International GmbH, Ares Medikal, Ace Medical Company, Heka s.r.l, Raumedic AG, Vogt Medical Vertrieb GmbH, RenovoRx Inc., Retractable Technologies Inc., AngioDynamics Inc., ICU Medical Inc., Medtronic PLC, Edwards Lifesciences Corporation, Cook Group Incorporated, Stryker Corporation, Boston Scientific Corporation, Johnson & Johnson, Abbott Laboratories, Merit Medical Systems Inc.

North America was the largest region in the peripheral IV catheters market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the peripheral IV catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the peripheral iv catheters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The peripheral IV catheters market consists of sales of long peripheral intravenous catheters (long PIVC), and midline catheters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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