Peripheral intravenous (I.V.) catheters are primarily used for blood sampling and therapeutic purposes, such as administration of blood components, fluids, antibiotics, psycholeptics, and analgesics. These catheters/cannulae are inserted into a minute peripheral vein for therapeutic purposes. The advent of these catheters has reduced the incidence of bloodstream infections and hematoma-related complications. Additionally, the usage of integrated/closed and short peripheral I.V. catheters helps in preventing the transfer of blood-borne pathogens to other patients in healthcare facilities.
In addition, the rising geriatric population will also augment the need for peripheral I.V. catheters, as this age pool is highly susceptible to chronic ailments. For instance, the National Institutes of Health, under the U.S. Department of Health and Human Services, states that in the U.S., nearly 85% of the old populace suffers from at least one chronic health condition and approximately 60% has at least two. Further, the World Population Ageing 2020 report estimates that the global population of people aged 65 years and above will reach around 1.5 billion by 2050.
Moreover, the mushrooming healthcare spending is facilitating the adoption of integrated/closed and short peripheral I.V. catheters for administering medications, fluids, and blood components in individuals suffering from chronic and acute ailments. This rise is not just being seen at hospitals, clinics, and ambulatory surgery centers (ASCs) but also in homecare settings. The leading manufacturers of these catheters include Smiths Medical Inc., Teleflex Incorporated, Argon Medical Devices Inc., Tangent Medical Technologies Inc., B. Braun Melsungen AG, Terumo Corporation, C.R. Bard Inc., and VIGMED AB.
In the coming years, these manufacturers will provide an abundant amount of peripheral I.V. catheters in the emerging economies of India, Brazil, and China due to the increasing awareness about advanced treatments in the areas of oncology, gastroenterology, renal diseases, infectious diseases, and pediatric diseases. Moreover, apart from the spurring healthcare spending, the rising focus on reducing needlestick injuries will also boost the adoption of such catheters in developing countries. Besides, the introduction of several initiatives to spread awareness about the new and improved I.V. catheters will promote their usage in the coming years.
According to P&S Intelligence, North America dominated the peripheral I.V. catheter market in the past, and it will continue to do so in the coming years. This can be credited to the spurring demand for injectable drugs, surging aging population, and escalating healthcare expenditure. In the North American region, the U.S. consumes the highest quantity of peripheral I.V. catheters. Whereas, Asia-Pacific (APAC) is expected to exhibit the fastest growth in the demand for such devices in the coming years due to similar reasons.
Thus, the rising elderly population, growing healthcare spending, and increasing cases of chronic diseases will propel the usage of peripheral I.V. catheters in healthcare settings in the coming years.
1 November 2018, the global Healthcare BPO Market size is expected to witness high growth over the forecast period.
These factors are driving the adoption of BPO in the medical sector.High prevalence of various diseases has increased workload of medical institutions.
Through adoption of outsourcing solutions, these organizations are able to focus on their core activity to maintain quality of service.
Database management and analysis are the key activities requiring professionals with adequate interpretation skills.
Staff recruitment for such activities turns out to be a costly affair.
Hence, hospitals find it easy to partner up with service providers located at distant locations.However, risks associated with this business model are major restraints hampering overall growth of the healthcare BPO market.
The medical sector is growing rapidly.
As healthcare and medicine are two very important parts of human life.
These two things are always in demand all around the world as every person requires medical help at some point in their life.
According to the studies, the medical sector has developed drastically and is making huge amounts of money if compared to the last couple of years.
But still, in many countries, there is lack of medical centers that treat patients and even provide an area for staying.
Open your own physical therapy center where you can help disabled patients to perform a basic task.
