Over the last three decades, the diseases such as the cardiovascular, urological, and neurological disorders have surpassed cancer as the leading cause of death and morbidity worldwide. According to Department of Health figures from 2015, more than 40 percent of New York adults have a chronic ailment, and chronic diseases account for 23 percent of all hospitalizations in the state. Consequently, the market is expected to be driven by an increase in the use of peripheral intravenous catheters in the treatment of chronic disorders that lead to hospitalization within the forecasted period.
Frequently Asked Questions
The market is segmented based on Global Peripheral Intravenous (IV) Catheter Market Segmentation, By Product Type (Short Peripheral IV Catheters, Integrated/Closed PIVC), Technology (Conventional PIVC, Safety PIVC), Applications (Oncology, Gastroenterology, Renal Diseases, Pediatric Diseases, Infectious Diseases and Others), End User (Hospitals, Ambulatory Surgical Centers, Clinics, Home Use, Others) – Industry Trends and Forecast to 2031.
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The Global Peripheral Intravenous Iv Catheter Market size was valued at USD 1.86 USD Billion in 2023.
The Global Peripheral Intravenous Iv Catheter Market is projected to grow at a CAGR of 5.5% during the forecast period of 2024 to 2031.
The major players operating in the market include BD, B. Braun Melsungen AG, Smith Medical, Terumo Corporation, Vygon, ICU Medical , VOGT Medical, RenovoRx , Retractable Technologies , Nipro, MedSource Labs, Argon Medical Devices , Intra Special Catheters GmbH, Greiner BioOne International GmbH, Medical Components , Ares Medikal, ACE MEDICAL COMPANY, Merit Medical Systems, Heka s.r.l, RAUMEDIC AG, Teleflex orporated.
The market report covers data from the U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa.
