Saudi Arabia Peripheral Venous Access Devices Market - Forecast (2020 - 2025)

Owing to the increasing awareness about the complications associated with central venous access systems, the demand for peripheral venous access devices is rising. The latter offers safety, flexibility, and efficiency in medical surgeries. The Saudi Arabia Peripheral Venous Access Devices market is estimated to generate revenue of $8.11m by 2025, growing at a CAGR of 7.18% during the forecast period 2020–2025. The PIVC segment held the major market share of $5.38m in 2020, which is estimated to reach $8.56 by 2025, growing at a CAGR of 8.56%. The Butterfly/Winged Steel Needles segment, on the other hand, is estimated to grow at a CAGR of 4.89%.Saudi Arabia Peripheral Venous Access Devices

Market Outlook

Peripheral venous access devices (PVADs) are small, flexible tubes or catheters made of biocompatible material, either silicone or polyurethane, which can be inserted into the basilica or cephalic vein in the forearm of the patient. PVADs are small; and so, they can easily be inserted into the veins via peripheral vessels for diagnosis purpose. The choice of PVADs depends on the compatibility and needs of the patient and clinical conditions. However, peripheral catheters are preferred when intravenous access is required for a short duration.

Peripheral venous access devices are widely used as they have several advantages – they can be inserted easily and have limited complications related to infections and injuries when compared to central access devices. The compression of puncture sites in patients taking anticoagulants can be achieved easily by employing peripheral venous access devices.

The introduction of new products such as drug-coated catheters and anti-microbial-coated catheters is reducing the incidences of catheter-related infections. The launch of new products with ultrasound technology in the peripheral venous access device needle-tip position is also driving the Peripheral venous access device market. Peripheral venous access devices are available in various sizes and are integrated with specialized tools for easy visualization of flow, prevention of needle stick injuries, and provision of comfort to the patients.

Saudi Arabia Peripheral Venous Access Devices Market Growth Drivers

The rising cases of chronic diseases such as diabetes and breast cancer have led to the usage of peripheral venous devices for blood sampling, nutrition supply, and several other treatments. These devices are used for short-term treatment of such diseases as they are more economical when compared to central venous access devices.

Saudi Arabia Peripheral Venous Access Devices Market Challenges

For the launch of any new product in Saudi Arabia, the product has to undergo many levels of inspection for approval by the Saudi Arabia government. The process of launching a new product in the market takes approximately 3 years. This poses a major challenge for the Saudi Arabia peripheral venous access device market.  Another factor that is constraining the market is with regard to the compulsory labelling of the product and the submission of application documents via the Saudi Arabia MDMA system.

Saudi Arabia Peripheral Venous Access Devices Market Research Scope

The base year of the study is 2020, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Saudi Arabia peripheral venous access devices market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of devices in the market, and their end users.

Saudi Arabia Peripheral Venous Access Devices Market Report: Industry Coverage

Types of Devices: Peripheral Intravenous Catheters (PIVC), Butterfly/Winged Steel Needles

End-Users of Devices: Public and Private Hospitals

Saudi Arabia Peripheral Venous Access Devices Market Key Players Perspective

Some of the other key players mentioned in this report are C.R.Bard Inc, B. Braun Melsungen AG, Nipro Corporation, Smiths Medical Inc, Navilyst Medical, Inc, Becton, and Dickinson and Company.

Saudi Arabia Peripheral Venous Access Devices Market Trends

The launch of new products with ultrasound technology in the peripheral venous access device needle tip position is driving the Saudi Arabia peripheral vascular access devices market. With the launch of this new technology, the catheter can be placed in the patient’s forearm with ease and can prevent malpositions.

Owing to the rise in hospitalization, especially among the aging population, the demand for peripheral venous access devices is rising as it is safe and less painful during the administration of fluids, blood transfusions, and others.

As per analysis, B. Braun Melsungen AG, C.R. Bard, and Smiths Medical are analyzed to be the dominant players of the Saudi Arabia Peripheral Venous Access Devices Market, with a share of 32.2%, 25.7%, and 6.2% respectively in 2020.