Short peripheral intravenous catheter (PIVC) market forecast
Technavio’s market research analyst predicts the global short peripheral intravenous catheter (PIVC) market to grow steadily at a CAGR of above 6% by 2021. One of the major factors responsible for the growth of this market is the development of effective short PIVCs, whose demand is fuelled by the rapid advances in the medical technology. The growing advances in technologies have led to the development of catheters that significantly reduce hematoma-related complications and bloodstream infections. Also, vendors in the market are currently developing products that are efficient and provide greater patient comfort.
Get A Free Sample
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the peripheral IV catheter market for the next few years. Increasing hospitalization rates coupled with chronic disorders is the key factor propelling the growth of the PIVC market in the region. The US was the largest revenue contributor in the Americas primarily because of its increasing aging population. Further, the growing demand for injectable drugs in comparison to oral medications and the increasing healthcare expenditure will augment the demand for intravenous catheter peripheral IV in the coming years.
Short PIVC market report: Competitive landscape and key vendors
The global short PIVC market is highly consolidated due to the presence of few established vendors, accounting for the majority share of the market. In an attempt to enhance their profit margins, improve market positioning, and minimize competition from new entrants, the established players adopt advanced technologies and integrate service support along with product offerings. These technological advances and new product launches will further increase the competition among the existing vendors during the next four years.
Leading vendors in the market are -
- B. Braun Melsungen
- Becton Dickenson
- C.R. Bard
- Smiths Medical
- Terumo Medical
Other prominent vendors in the short PIVC market include AngioDynamics, DeltaMed, Dukwoo Medical, Excel International, GaltNeedleTech, Hospira, Medline Industries, NIPRO Medical, Retractable Technologies, Shanghai Puyi Medical Instruments, Teleflex, MVM Life Science Partners, VIGMED, and Vygon.
Short PIVC industry: Segmentation and analysis by technology type
- Ported short PIVC
- Non-ported short PIVC
During 2016, the non-ported short PIVC segment dominated the peripheral IV catheter market and accounted for a major part of the overall market share. The key driver for the dominance of this segment is the development of non-ported peripheral venous catheter with multi-use blood control septum, which augments the efficiency of the procedure and is clinically well recognized.
Short PIVC market report: Segmentation and analysis by end-user
In this market study, analysts have estimated hospitals to dominate the short PIVC market during the forecast period. The procurement of medical products and consumables in bulk to comply with the demand of a comparatively higher number of patients is the key contributor to the dominance of this market segment in the global peripheral IV catheter market.
Want a bigger picture? Try a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global short PIVC market?
- What are the key market trends impacting the growth of the global short PIVC market?
- What are the challenges to market growth?
- Who are the key vendors in the global short PIVC market?
- What are the market opportunities and threats faced by the vendors in the global short PIVC market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global short PIVC market?
Technavio also offers customization on reports based on specific client requirement.
Related reports