Market Size of Peripheral Intravenous Catheters Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Peripheral Intravenous Catheters Market Analysis
The global peripheral intravenous catheters market is anticipated to grow with a CAGR of nearly 6.5% during the forecast period.
The escalating number of COVID-19 cases worldwide, as well as the lockdown scenario, had a substantial influence on the market, initially due to on-hold services such as treatment, diagnostic, and surgical services, to prevent the spread of COVID-19. However, the growing number of COVID-19 cases worldwide contributed to an increase in the number of in-patient admissions. Catheters were in high demand in hospitals and emergency clinics as governments and healthcare institutions sought to improve the efficiency of medical treatment for COVID-19 patients. According to the study published in the National Library of Medicine in July 2021, in ambulatory care and outpatient clinics, 89.2% of vascular surgeons reported changes to their practice, including fewer hours (71%) and the use of telehealth services (81.1%). Thus, the decline in vascular procedures and non-COVID-19 patient admission hampered the growth of the market during COVID-19. Additionally, the market is anticipated to resume its expansion throughout the projection period as all restrictions are eliminated, and the number of outpatient treatments rises.
The market is driven by the rising prevalence of cardiovascular, neurology, and urology disorders, rising usage of advanced materials in the catheter, and growing demand for minimally invasive surgeries. Cardiovascular, urology, and neurology diseases have become the most dominant cause of mortality and morbidity in the world during the last three decades. Increasing utilization of peripheral intravenous catheters in treating these chronic diseases, leading to hospitalization, is anticipated to drive the market over the forecast period. For instance, per the study article published in Circulation in July 2021, peripheral artery disease (PAD) affects over 230 million persons globally and is linked to an elevated risk of various adverse clinical outcomes, including coronary heart disease, stroke, and others. As a result, the high global incidence of PAD and its associated risk factors are projected to drive demand for peripheral IV catheters over the forecast period.
Additionally, according to data published by the United Nations, in February 2021, in 2020, over 1 billion individuals, or nearly one in every six persons on the planet, would suffer from neurological disorders such as Alzheimer's and Parkinson's disease, strokes, multiple sclerosis, epilepsy migraine, brain traumas, and neuro infections. According to the same source, in 2020, 62 million individuals suffered from cerebrovascular disease, 50 million from epilepsy, 326 million from migraine, and 24 million from Alzheimer's disease and other dementias across the globe. Thus, the growing prevalence of cardiovascular and neurological diseases is expected to boost market growth.
Thus, all aforementioned factors are expected to boost market growth over the forecast period. However, risks and complications associated with peripheral intravenous catheters may hinder the growth of the global peripheral intravenous catheter market.
Peripheral Intravenous Catheters Industry Segmentation
As per the scope of the report, a peripheral intravenous catheter (PIVC) is a small flexible tube. This is inserted into a peripheral vein to deliver medicines and nutritional supplements. It is widely helpful in the collection of blood samples for diagnostic purposes. This is inserted into the patient's body using a needle. After this process, the peripheral intravenous catheter is attached to the patient skin using medical adhesive tape. The Peripheral Intravenous Catheters Market is segmented By Product (Integrated/Closed catheters, Peripheral insertion catheters), End User (Hospitals, Ambulatory Surgical Centers, Others), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
The peripheral intravenous catheters market is segmented by product (integrated/closed catheters and peripheral insertion catheters), end user (hospitals, ambulatory surgical centers, and other end users), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.
| By Product | |
| Integrated/Closed Catheters | |
| Peripheral Insertion Catheters |
| By End User | |
| Hospitals | |
| Ambulatory Surgical Centers | |
| Other End Users |
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Peripheral Intravenous Catheters Market Size Summary
The peripheral intravenous catheters market is poised for significant growth, driven by the increasing prevalence of chronic diseases such as cardiovascular, neurological, and urological disorders. The demand for these catheters is further bolstered by the rising adoption of advanced materials and the growing preference for minimally invasive surgical procedures. The market experienced initial setbacks due to the COVID-19 pandemic, which temporarily halted non-essential medical services. However, the surge in inpatient admissions during the pandemic underscored the critical need for catheters in hospitals and emergency clinics, facilitating a rebound in market growth. As healthcare systems worldwide resume normal operations and outpatient treatments increase, the market is expected to continue its upward trajectory.
North America currently dominates the peripheral intravenous catheters market, supported by its advanced healthcare infrastructure and comprehensive reimbursement policies. The region's growing geriatric population, which is more susceptible to chronic diseases, is a key factor driving market expansion. The prevalence of neurological disorders, such as Alzheimer's and Parkinson's disease, further amplifies the demand for these medical devices. Strategic activities by market players, including product launches and acquisitions, are also contributing to market growth. The competitive landscape is characterized by the presence of both global and local players, with companies like B. Braun Melsungen AG, BD, and ICU Medical leading the charge in innovation and market penetration.
Peripheral Intravenous Catheters Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Prevalence of Cardiovascular, Neurology, and Urology Disorders
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1.2.2 Growing Usage of the Advanced Materials in the Catheters
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1.2.3 Growing Frequency of Minimally Invasive Procedures
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1.3 Market Restraints
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1.3.1 Risks and Complications Associated with the Catheters
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Product
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2.1.1 Integrated/Closed Catheters
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2.1.2 Peripheral Insertion Catheters
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2.2 By End User
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2.2.1 Hospitals
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2.2.2 Ambulatory Surgical Centers
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2.2.3 Other End Users
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Peripheral Intravenous Catheters Market Size FAQs
What is the current Peripheral Intravenous Catheters Market size?
The Peripheral Intravenous Catheters Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in Peripheral Intravenous Catheters Market?
BD, ICU Medical, Teleflex Incorporated, B. Braun Melsungen AG and Lineus Medical are the major companies operating in the Peripheral Intravenous Catheters Market.
