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Global Market Study on Peripheral Intravenous Catheter Market, 2015-2021
Persistence Market Research
Global Peripheral Intravenous Catheters
Market Estimated to Account for US$ 5,224.7
Mn By 2021 : Persistence Market Research
Persistence Market Research
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Global Market Study on Peripheral Intravenous Catheter Market, 2015-2021
Persistence Market Research Released New Market Report According to a new market report
published by Persistence Market Research “Global Market Study on Peripheral
Intravenous Catheter: Increasing Use of Safety I.V Catheters to Drive the Market
for Peripheral I.V. Catheters ”. The global peripheral intravenous catheters market is
anticipated to expand at a healthy CAGR during the forecast period.
By product type, the global peripheral intravenous catheters market is segmented into short
PIVC and integrated/closed PIVC. Among these, integrated/closed PIVC segment is expected
to register fastest CAGR of 8.9% during the forecast period. Short PIVC segment is expected
to contribute a maximum share to the global peripheral intravenous catheters market. Nonported PIVC product type sub-segment is expected to register fastest CAGR over the forecast
period.
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By technology, the global peripheral intravenous catheters market is segmented into
conventional and safety. Among these, safety segment is anticipated to be dominant
throughout the forecast period and projected to account for around 66% share of the total
global peripheral intravenous catheters market revenue by 2021.
By end-user, the peripheral intravenous catheters market is segmented into hospitals,
ambulatory surgical centers, clinics, home use, and others. Among these, hospitals segment
is estimated to be the largest segment in terms of share, at 60% of the total global
peripheral intravenous catheters market revenue by 2015 end. Hospital segment is
expected to register fastest CAGR over the forecast period. Ambulatory surgical centers
segment is estimated to be the second most attractive segment of the global peripheral
intravenous catheters market by 2015 end.
Global peripheral intravenous catheter market growth is mainly driven by factors such as an
increase in hospitalization rate in emerging countries such as India, China, Brazil, etc.,
enhancement in peripheral IV catheter technology, increasing the prevalence of diseases
among the population, and increase in per capita healthcare expenditure across the globe.
Technological advancements and increase in usage of non-irritant material in the
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Global Market Study on Peripheral Intravenous Catheter Market, 2015-2021
manufacturing of peripheral intravenous catheters to avoid associated side effects are also
expected to drive demand for peripheral intravenous catheters. However, complications
associated with peripheral intravenous catheters such as venous puncture, blood exposure,
and needle-related injuries, and the high price of safety peripheral IV catheter in developing
regions such as APEJ, MEA, and Latin America are expected to hamper the growth of the
global peripheral intravenous catheter market.
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This report covers the trend of each segment and its sub-segments along with an analysis of
the potential of peripheral intravenous catheters market in these regions. North America and
Asia-Pacific regions are estimated to collectively account for over 60% revenue share of the
total peripheral intravenous catheters market by 2015 end. North America is estimated to
contribute a maximum share to the global peripheral intravenous catheters market. AsiaPacific is projected to be the fastest growing market due to increase in hospitalization rate
along with improvement in healthcare facilities in the region.
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Key players in the global peripheral intravenous catheter market include B. Braun Melsungen
AG, Smith Medical, Terumo Corporation, Inc., Becton Dickinson and Company, Tangent
Medical, Vygon Group, C. R. Bard, etc. Manufacturers of peripheral intravenous catheters are
working in partnership with other key healthcare solutions and services providers in order to
gain maximum market share.
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Global Market Study on Peripheral Intravenous Catheter Market, 2015-2021
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Market History:
The peripheral intravenous catheter is venous devices manufactured using silicon and other
user-friendly materials to avoid side effects. These properties enable patients to retain PIVCs
in their veins or body for long durations of time without suffering ill effects. Basically,
peripheral intravenous catheters are used to infuse medication and various fluids directly
into a vein of a patient.
The global peripheral intravenous catheter market was valued at US$ 3,500 Mn in 2014.
North America was the largest market for peripheral intravenous catheters, accounting for
over 45% revenue share of the overall market in 2014, followed by Europe with around 27%
share. Moreover, Asia-Pacific market is expected to exhibit highest CAGR of 6.7% during the
forecast period (2015–2021), followed by the North America. Factors such as increasing per
capita healthcare spending, increasing aging population, increase in a number of diseases,
and advancement in PIVC technology are expected to support a growth of the peripheral
intravenous catheter market over the forecast period.
The global peripheral intravenous catheter market is estimated to be valued at US$ 3,663.7
Mn by the end of 2015, reaching a value of US$ 5,224.7 Mn by the end of 2021 at a CAGR of
6.1%.
By product, the short peripheral intravenous catheter segment accounted for around 73% of
overall market value in 2014.
By technology, safety segment was valued at US$ 2,164.8 Mn in 2014 and is expected to
increase at a CAGR of 7.1% over the forecast period to account for US$ 3,448.6 Mn by 2021.
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Global Market Study on Peripheral Intravenous Catheter Market, 2015-2021
By end users, hospitals segment contributed the highest revenue at US$ 2,147.6 Mn,
accounting for approximately 61.4% share in 2014. Ambulatory surgical centers segment
was the second-largest segment by end users, accounting for around 19.6% revenue share
the same year.
Key players in the global peripheral intravenous catheter market include Becton Dickinson
and Company, B. Braun Melsungen AG, Smith Medical, Terumo Corporation, C. R. Bard, Inc.,
Tangent Medical, and Vygon Group.
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Global Market Study on Peripheral Intravenous Catheter Market, 2015-2021
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