Global Peripheral Intravenous (IV) Catheter Market 2017-2021

This market research study identifies B. Braun Melsungen, BD, C.R. Bard, Smiths Medical, and TERUMO CORPORATION as the leading players in the global peripheral intravenous (IV) catheter market. A comprehensive analysis of this market is also presented by product (short PIVCs and integrated or closed PIVCs), by end-users (hospitals, clinics, and ASCs), and by geography (the Americas, APAC, and EMEA).

Overview of the global peripheral intravenous (IV) catheter market

The rising prevalence of various acute and chronic diseases and the growing world population is resulting in an increase in the rate of hospitalizations. Technavio’s market research report identifies this increase in the number of hospitalizations as be one of the primary growth drivers for the global peripheral intravenous (IV) catheter market till 2021. It has been observed that the total number of inpatient hospitalizations has increased in the US by about 15%. The country witnessed more than 11 million hospital admissions and almost 2 million critical care unit admissions in 2014 as reported by the centers for disease control and prevention (CDC). This will in turn, drive the growth of the market since specialists administer medications and various fluids directly into the blood circulation of patients using PIVC during the emergency. They also use IV chemotherapy for the treatment of cancer. Our market research analysts predict that this market will grow at a CAGR of almost 7% by 2021.

North America is the major contributor to the growth of the peripheral IV catheter market in the Americas. The increased adoption of technologically advanced devices and advanced healthcare infrastructure is driving the adoption of peripheral intravenous (IV) catheters in the region. The market will witness considerable growth in the region throughout the projected period due to the increase in healthcare expenditure, the strong presence of the leading vendors, and the high awareness among patients and healthcare professionals.

Competitive landscape and key vendors

The peripheral intravenous (IV) catheter market is highly competitive and is characterized by the presence of a large number of global and regional vendors. These vendors are increasingly competing against each other based on factors such as the competitive pricing, number of product offerings, product advancements, geographic expansions, distribution network, and e-commerce. The players in the peripheral intravenous catheter market are focusing on surviving in this competitive market by developing advanced products and expanding their product portfolio.

Key vendors in this market are -

• B. Braun Melsungen
• BD
• C.R. Bard
• Smiths Medical
• TERUMO CORPORATION

Other prominent vendors in the market include AngioDynamics, APEXMED International, Delta Med, EXELINT International, GaltNeedleTech, Global Medikit, Hospira, NIPRO Medical, RenovoRx, Retractable Technologies, Teleflex, Vigmed, and Vygon.

Segmentation by product and analysis of the peripheral IV catheter market

• Short PIVCs
• Integrated or closed PIVCs

The short PIVCs segment includes ported short PIVCs and non-ported short PIVCs. The rising prevalence of various acute, chronic, and infectious diseases is resulting in an increase in hospitalization. This in turn, will boost the number of surgical procedures such as invasive procedures using short PIVCs in acute-care settings. The demand for short PIVCs in hospitals and other healthcare settings will increase in the coming years due to its cost-effectiveness, safety, and the ease of use. This in turn, will have a positive impact on the growth of the peripheral IV catheter market.

Segmentation by end-users and analysis of the peripheral IV catheter market

• Hospitals
• Clinics
• ASCs

Physicians in hospitals extensively administer IV medication to patients with the help of PIVCs and central venous catheters (CVC)s. Majority of patients prefer hospitals over other healthcare centers and these hospitals procure medical products and consumables in bulk. The peripheral intravenous catheter market is witnessing considerable growth in the hospitals segment since these hospitals engage closely with many suppliers, reimbursement authorities, and government organizations. 

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 peripheral intravenous (IV) catheter market?
• What are the key market trends impacting the growth of the global peripheral intravenous (IV) catheter market?
• What are the challenges to market growth?
• Who are the key vendors in the global peripheral intravenous (IV) catheter market?
• What are the market opportunities and threats faced by the vendors in the global peripheral intravenous (IV) catheter market?
• What are the 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 peripheral intravenous (IV) catheter market?

Technavio also offers customization on reports based on specific client requirement.