Global Peripheral IV Catheters Market Size By Product (Short PIVC, Integrated/Closed catheters), By Technology (Safety, Conventional), By End-User (Hospitals, Ambulatory Surgical Centres), By Geographic Scope And Forecast

Peripheral IV Catheters Market Size And Forecast

Peripheral IV Catheters Market size was valued at USD 5144.07 Million in 2024 and is projected to reach USD 10678.82 Million by 2031, growing at a CAGR of 9.56% during the forecast period 2024-2031.

The rapid growth in the aging population and prevalence of chronic disease have necessitated the need for quality healthcare services and drugs. The Global Peripheral IV Catheters Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Peripheral IV Catheters Market Definition

Peripheral intravenous (IV) catheters are thin, flexible tubes that are used to provide treatments like IV fluids, medicines, and blood transfusions through a vein for a variety of medical ailments. They are the most often used intravenous (IV) devices in hospitals. With a growing worldwide population, there is a greater need for healthcare services, resulting in the development of more hospitals to meet people’s requirements. As countries expand economically, urbanization occurs, bringing more people to cities. Because of the growing population density, additional hospitals must be built to provide healthcare services to the urban population.

Thanks to cool new healthcare tech, we're getting better at spotting and treating illnesses! This leads to happier, healthier patients, but also means more people are looking for healthcare. That's why the industry is booming, and we need more hospitals! Interestingly, in 2022, the Short PIVC was the top dog according to product type. However, get ready for Integrated/Closed Catheters – they're expected to explode in popularity. What's the deal? Well, Peripheral IV catheters are becoming the go-to because they're less scary than sticking something right into a big vein. They're easier on patients, less risky, and still give doctors easy access. So, that's why we're seeing a huge jump in demand for those short peripheral IV catheters – everyone's moving towards less invasive options.

Hospitals? They're the big players when it comes to using these devices, snagging the largest piece of the pie. Think about itthe financial health – the sales and profits – of so many medical centers really fuels the demand for Peripheral IV catheters. As people become more aware and medical care gets more affordable, especially in countries embracing new tech, we're seeing the whole medical services market grow. This, in turn, pushes up sales of Peripheral IV catheters. Because hospitals make up a huge chunk of healthcare overall, they're a major source of revenue for the catheter market, which then supports new research and cool innovations. With more hospitals popping up and a rise in patients dealing with both long-term and sudden illnesses, the need for peripheral IV catheters in those hospitals is only going up.

North America is a significant market due to reasons such as a growing prevalence of chronic diseases and an efficient medical device distribution network. This region boasts excellent hospital infrastructure and facilities that are designed to prevent infections and cross-contamination. It provides exceptional patient safety by using safe closed/integrated IV catheters and midline catheters. Adoption of IV Catheters in this region is quickly increasing due to increased awareness of PIVCs and associated problems. The Global Peripheral IV Catheters Market is highly fragmented with a large number of players in the Market.

Global Peripheral IV Catheters Market Attractiveness Analysis

North America is highly attractive in the Global Peripheral IV Catheters Market among all regions. North America is a significant market due to reasons such as a growing prevalence of chronic diseases and an efficient medical device distribution network. This region boasts excellent hospital infrastructure and facilities that are designed to prevent infections and cross-contamination. It provides exceptional patient safety by using safe closed/integrated IV catheters and midline catheters. Adoption of IV Catheters in this region is quickly increasing due to increased awareness of PIVCs and associated problems.

Global Peripheral IV Catheters Market Overview

The global market is primarily driven by a significant increase in cardiometabolic risk factors among the masses. In line with this, there is an increasing prevalence of hypertension, diabetes, dyslipidemia, metabolic syndrome, and obesity. It can be attributed to various factors, including sedentary lifestyles, changing dietary patterns, and hectic working schedules. This has contributed to a significant increase in the consumption of medicines, thereby facilitating market growth. The rapid growth in the aging population and prevalence of chronic disease have necessitated the need for quality healthcare services and drugs.

For instance, according to the U.S. Centers for Disease Control and Prevention (CDC), six out of 10 people are affected by chronic diseases. Chronic disease is among the leading causes of death in the U.S., and it accounts for USD 3.5 trillion in annual healthcare costs. Chronic diseases include cancer, heart disease, chronic lung disease, chronic kidney disease, and diabetes. However, the high cost of catheters is hampering the growth of the peripheral I.V. catheter market to some extent. The high price of catheters improves the overall treatment cost, due to which patients, at times, prefer taking oral medications.

They like to skip the treatment that involves the usage of these catheters. Thus, pricing pressure and cost-cutting are significant concerns for peripheral intravenous catheter manufacturers. The pricing pressure could be due to government regulations, competitive pricing, etc. It compels manufacturers to cut costs. This pricing pressure on conventional and safety peripheral intravenous catheters impedes a company’s growth. It further restrains the development of the peripheral intravenous catheters market.

Global Peripheral IV Catheters Market Segmentation Analysis

The Global Peripheral IV Catheters Market is segmented on the basis of Product, Technology, End-User, and Geography.

Peripheral IV Catheters Market, By Product

• Short PIVC
• Integrated/Closed catheters

To Get Summarized Market Report By Product-

Looking at the type of Product, the market is divided into Short PIVCs and Integrated/Closed Catheters. In 2022, Short PIVCs held the biggest piece of the pie and are expected to keep growing steadily. What's fueling this? Well, hospital visits are up worldwide for all sorts of reasons. Plus, Short PIVCs are relatively safe and pretty easy to get in. And thanks to new tech, we've got these smaller catheters that work for different things and with a bunch of common medications. Now, Integrated/Closed Catheters came in second in 2022, but they're predicted to grow the fastest. The reason? More and more people are using closed catheters because they make it easier to inject contrast material during CT scans. Basically, integrated/closed intravenous catheters are quickly becoming more popular than the old-school kind.

Peripheral IV Catheters Market, By Technology

• Safety
• Conventional

Based on Technology, the market is segmented into Safety and Conventional. Safety accounted for the largest market share in 2022 and is projected to grow at the highest CAGR during the forecast period. Conventional was the second-largest market in 2022, it is projected to grow at the highest CAGR. A growing number of surgeries that require IV catheters which provide similar handling and performance with enhanced kink flow recovery is driving the need for safety peripheral IV Catheters.

Peripheral IV Catheters Market, By End-User

• Hospitals
• Ambulatory Surgical Centres
• Others

Okay, so when we look at who's using these Peripheral IV catheters (that's the "End-User" part), it breaks down into Hospitals, Ambulatory Surgical Centers, and a few other places. Hospitals were the biggest users back in 2022 and are expected to keep growing at a decent rate. Now, Ambulatory Surgical Centers came in second in 2022, but get thisthey're actually predicted to grow the fastest! Hospitals are really driving this segment, owning the biggest chunk of the market. Basically, the whole market for these catheters is really driven by how well hospitals and other medical places are doing. As people get more aware and can actually afford healthcare, plus all the cool tech advancements happening, the demand for medical services is going up, which will, in turn, boost the sales of Peripheral IV catheters.

Peripheral IV Catheters Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

To Get Summarized Market Report By Geography-

Based on Geography, the Global Peripheral IV Catheters Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America accounted for the largest market share in 2022 and is projected to grow at a CAGR during the forecast period. Europe was the second-largest market in 2022, it is projected to grow at a CAGR. However, Asia-Pacific is projected to grow at the highest CAGR. North America is a major market owing to factors such as the increasing incidence of chronic diseases and an efficient distribution network of medical devices.

This region has advanced hospital infrastructure and facilities with a focus on avoiding infections and cross-contamination. It offers high patient safety by opting for safe closed/integrated IV catheters and midline ones. Due to rising awareness regarding PIVCs and associated complications, the adoption of IV Catheters is increasing rapidly in this region. In the United States, physicians, advanced practitioners, and nurses insert approximately 300 million such devices in hospitalized patients annually. Medical companies and markets everywhere demand high-quality and timely delivery of all sorts of different equipment.

Key Players

The “Global Peripheral IV Catheters Market” is highly fragmented with a large number of players in the Market. Some of the major companies include BD Medical, B. Braun Melsungen AG, Terumo Corporation, Nipro Corporation, Smith Medical, Vygon S.A., ICU Medical, Inc., VOGT Medical, RenovoRx, Inc, Retractable Technologies Inc., MedSource Labs, Argon Medical Devices, Inc., Intra Special Catheters GmbH. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments