Summary
The global Peripheral Intravenous Catheters PIVC Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Peripheral intravenous catheters (PIVCs) are the mainstay of hospital IV care. Patients receive fluids and medications through this small, hollow tube, also known as an IV drip or IV line. They are replaced every three to four days, which can be uncomfortable for the patient.
Peripheral intravenous catheters (PVCs) are commonly used in hospitals and clinics throughout the world. While these devices are relatively safe.
Growing prevalence of diseases such as cancer, cardiovascular diseases, and others is driving growth of the Peripheral Intravenous Catheters PIVC market. According to the World Health Organization (WHO) report published in February 2018, cancer was the second-leading cause of death globally, and around 18.1 million new cases and 9.6 million deaths were registered due to cancer in 2018. It was also stated that around 70% of deaths from cancer occurs in low and middle-income countries and around 1 in 6 deaths across the globe are caused by cancer. Moreover, according to the Centers for Disease Control and Prevention, heart disease is the leading cause of death in the U.S.
North America is expected to witness significant growth over the forecast period owing to the increasing focus of key players to expand their portfolios to increase their presence in the market. For instance, in November 2019, ICU Medical, Inc. entered into a collaborative agreement to acquire Pursuit Vascular, Inc., a privately-held medical device company that develops catheters.
Key Developments:
- In December 2019, Griffith University received funding of US$ 1.5 million from the National Health and Medical Research Council for R&D in peripheral intravenous catheters.
- In February 2017, Teleflex Inc. launched the TrapLiner catheter in the U.S. The product is meant to be used with guide catheters also known as extension catheters to get access to distinct areas of the peripheral vasculature
- In July 2018, EchoNous has received U.S. Food and Drug Administration (FDA) 510(k) clearance for the EchoNous Vein, an ultrasound-based tool designed specifically for nurses to improve peripheral IV (PIV) catheter placements
- In February 2022, The Association for Vascular Access (AVA) and B. Braun Medical Inc. (B. Braun) announced the launch of the second of three courses that will provide pre-licensure students in approved nursing, medical and allied health care academic programs with hands-on training for insertion of peripheral intravenous catheters (PIVCs).
The Peripheral Intravenous Catheters PIVC Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Peripheral Intravenous Catheters PIVC Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- BD Medical
- C.R. Bard
- Smiths Medical
- B. Braun Melsungen
- Terumo Medical
- Retractable Technologies
- NIPRO Medical
- Hospira
- GaltNeedleTech
- Teleflex
- Vygon
- Medline Industries
- Dukwoo Medical
- Vigmed
- MVM Life Science Partners
- Shanghai Puyi Medical Instruments
By the Product Type, the market is primarily segmented into:
- Ported Peripheral Intravenous Catheters (PIVC)
- Non-Ported Peripheral Intravenous Catheters (PIVC)
By Applications, the market is segmented into:
- Hospitals
- Clinics
- ASCs
- Other
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Peripheral Intravenous Catheters PIVC Market Report:
- To assess the size of the market by value and volume
- Analyze the Peripheral Intravenous Catheters PIVC Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Peripheral Intravenous Catheters PIVC Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state–of–the–art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Peripheral Intravenous Catheters PIVC Market
The Peripheral Intravenous Catheters PIVC Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Peripheral Intravenous Catheters PIVC Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
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