The global Peripheral Intravenous Catheters market is forecast to reach USD 7,964.4 Million by 2028, according to a new report by Reports and Data. Peripheral intravenous catheters is a device that is used to draw blood and give treatments, including intravenous drugs, fluids, or blood transfusions. A thin and flexible tube is inserted into a vein, generally in the lower part of the arm, or the foot, and the back of the hand.
Factors such as rise in aging population and advancement in surgical and treatment technologies are driving the market for peripheral intravenous (IV) catheters. An increase in the adoption rate of closed catheters that help in injecting contrast media during computed tomography is a growing trend in the market. These catheters are made up of polyurethane material and has the strength to withstand pressure above 300 pounds per square inch. As they can withstand high pressure, they are increasingly used in CT imaging applications.
Market Overview:
The pharma and healthcare industry is at a crossroads. Patients are benefiting from the promise of cell and gene therapies; uncommon diseases that were previously thought to be incurable are on the verge of finding true treatments. Artificial intelligence (AI) and machine-learning technologies are creating hopes that therapy discovery and development would be more innovative, as well as faster and cheaper. Manufacturing, the supply chain, and the entire healthcare ecosystem all have the potential to benefit from data-driven initiatives. Consumer attitudes and behaviours are shifting in a variety of ways, from growing use of technology and willingness to share data to an interest in using tools to make prescription and treatment decisions. Such factors will drive pharma and healthcare market growth in the coming years.
Some key highlights of the report:
- Peripheral intravenous catheters are the most commonly used intravenous device in hospitalized patients. They are generally used for therapeutic purposes such as administration of medications, fluids, and blood products, as well as blood sampling. An increase in the number of patients hospitalized are propelling the demand for the product in the hospitals.
- Closed peripheral intravenous catheter provides safe and efficient intravenous access from start to finish. It also provides a high level of needle stick injury protection for those working in healthcare workers. It provides patient safety by minimizing intravenous complications and improving patient comfort. It also allows users to stay in control throughout the entire procedure.
- Safety intravenous catheters provide control of the blood to help reduce the risk of blood exposure and contamination. A unique valve inside the catheter hub impedes blood flow from the patient’s vein upon initial venipuncture. A clean access site helps prevent the transfer of blood borne pathogens from patient to caregiver on soiled gloves, bedding, clothing, and dressings.
- A short peripheral intravenous catheter (PIVCs) is frequently used to deliver chemotherapy in oncology practice. As the procedure of peripheral catheterization is invasive, there is a need for greater consistency in the choice, insertion, and management of short PIVCs, particularly in the oncology setting where there is a growing trend for patients to receive many different courses of IV treatment over a number of years, sometimes with only short remissions.
- North America dominated the market for peripheral intravenous catheters, followed by Europe. The high demand in the market is driven by factors such as technological advancements and high medical expenses. Rise in the prevalence of disease in the developed regions are also propelling market demand.
Key Players covered in this report are :
Becton, Dickinson and Company, B. Braun Melsungen AG, Smiths Medical, Inc., Tangent Medical Technologies Inc., Terumo Corporation, Teleflex Incorporated, Vigmed AB, Argon Medical Devices, Inc., Medical Components, Inc., and Vascular Pathways Inc., among others.
Type Outlook (Revenue, USD Billion; 2020-2028)
- Short Peripheral I.V. Catheter
- Integrated/Closed Peripheral I.V. Catheter
Technology Outlook (Revenue, USD Billion; 2020-2028)
- Safety Peripheral I.V. Catheter
- Conventional Peripheral I.V. Catheter
Key Regional Markets Studied in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Major Points covered in this report are as below:
The Peripheral Intravenous Catheters industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
The Peripheral Intravenous Catheters Market report provides key statistics on the market status of the Peripheral Intravenous Catheters manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2534
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
