Peripheral Intravenous Catheters Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Peripheral Intravenous Catheters Market Is Segmented By Product (Integrated/Closed catheters, Peripheral insertion catheters), End User And Geography.

Peripheral Intravenous Catheters Market Snapshot

Peripheral Intravenous Catheters Market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.5 %

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Market Overview

The global peripheral intravenous catheters market was anticipated to grow with a CAGR of nearly 6.5% during the forecast period. 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 the treatment of these chronic diseases, leading to hospitalization is anticipated to drive the market over the forecast period. According to 2015 statistics by the Department of Health, more than 40% of New York adults suffer from a chronic disease, and chronic diseases are responsible for 23% of all hospitalizations in New York State. Six out of every 10 deaths in New York State are caused by chronic diseases. This results in growing need for peripheral intravenous catheters in disease treatment, thereby propelling market growth.

Rising awareness about the minimally invasive surgeries coupled with rising usage of advanced materials such as Teflon and polytetrafluoroethylene in product has also boosted its demand. Some other key factors such as availability of improved catheters, growing awareness among the public, and increasing cases of surgeries is expected to boost the market growth. Furthermore, the reimbursement policies related to catheters, such as reimbursement provided by Center for Medicare and Medicaid in the U.S., helps in expanding the market.

However, risks and complications associated with the peripheral intravenous catheters may hinder the growth of the global peripheral intravenous catheter market. 

Scope of the Report

As per the scope of the report, peripheral intravenous catheter (PIVC) is a small flexible tube. This is inserted into a peripheral vein for the delivery of medicines and nutritional supplements. It is widely helpful in the collection of blood samples for diagnostic purpose. This is inserted into the patient's body using a needle. After this process is done the peripheral intravenous catheter is attached to the patient skin by using medical adhesive tape. Peripheral intravenous catheters market is segmented by product type, end-user and geography.

By Product
Integrated/Closed catheters
Peripheral insertion catheters
By End User
Hospitals
Ambulatory Surgical Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Integrated/Closed Catheters Dominates the Market and is Expected to Continue the Same during the Forecast Period

  • Integrated/Closed catheters is expected to dominate of the peripheral intravenous catheter market through the forecast period. Increasing adoption of closed catheters that help inject contrast media during computed tomography (CT) is acting as a driving factor for this segment’s growth. These catheters are made of polyurethane material and can withstand pressures that may exceed 300 pounds per square inch (psi). 
  • On the other hand, peripheral insertion catheters segment is expected to be the fastest growing segment during the forecast period as they are non invasive. The reimbursement by the Medicaid program that provides 120 catheters per month for a person and Medicare program that reimburses maximum of 200 catheters also governs the growth. Such reimbursement policies contribute to the large share of the segment, as they reduce the out-of-pocket expenditure of the patients.
Peripheral Intravenous Catheters Market

The North America Dominates the Market and is Expected to Continue the Same during the Forecast Period

North America held majority of the market share. The region suffers from the burden of rising chronic diseases and growing geriatric population. North America has sophisticated healthcare facilities, and the reimbursement coverage contributes to the large market share of the region. According to the National Center for Chronic Disease Prevention and Health, 6 in 10 adults of the US have a chronic disease at some point in their lives. Chronic disease is leading causes of death and disability and Leading Drivers of the Nation’s $3.5 Trillion in Annual Health Care Costs. The aforementioned factors are expected to boost the regional growth.

Asia Pacific is anticipated to witness a lucrative growth rate over the forecast period. The target population comprising individuals with chronic conditions such as neurological disorders, diabetes, and infectious disorders is on the rise in these developing regions. This provides avenues for players in this vertical to carry out campaigns and awareness programs with regards to disease treatment thereby increasing product penetration in the regional verticals.

Peripheral Intravenous Catheters Market

Competitive Landscape

The market for peripheral intravenous catheter is highly competitive and consists of the global as well as local players. Due to the technological advancements, small and mid-sized companies are focusing on market penetration to grab the market share. Some of the companies which are currently present in the market are B. Braun Melsungen AG, BD, ICU Medical, Smiths Medical, Teleflex Incorporated, Terumo IS, Vygon SA. New product launches, collaborations, mergers, and acquisitions are the key initiatives undertaken by the leading players in this vertical to sustain the competition. For instance, In November 2019, Terumo Corporation  has acquired Aortica Corporation, a U.S.-based company dedicated to advancing the science of personalised vascular therapy to transform the treatment of aortic disease worldwide.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Cardiovascular, Neurology, and Urology Disorders

      2. 4.2.2 Growing Usage of the Advanced Materials in the Catheters

      3. 4.2.3 Growing Frequency of Minimally Invasive Procedures

    3. 4.3 Market Restraints

      1. 4.3.1 Risks and Complications Associated with the Catheters

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Integrated/Closed catheters

      2. 5.1.2 Peripheral insertion catheters

    2. 5.2 By End User

      1. 5.2.1 Hospitals

      2. 5.2.2 Ambulatory Surgical Centers

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 B. Braun Melsungen AG

      2. 6.1.2 BD

      3. 6.1.3 ICU Medical

      4. 6.1.4 Smiths Medical

      5. 6.1.5 Teleflex Incorporated

      6. 6.1.6 Terumo IS

      7. 6.1.7 Vygon SA

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Peripheral Intravenous Catheters Market market is studied from 2018 - 2026.

The Peripheral Intravenous Catheters Market is growing at a CAGR of 6.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

B. Braun Melsungen AG , BD, Smiths Medical , ICU Medical, Teleflex Incorporated are the major companies operating in Peripheral Intravenous Catheters Market.

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