The global peripheral intravenous catheters (PIVC) market is projected to experience steady growth, with an expected increase of 7.2% YoY annually, reaching a valuation of US$ 11.03 billion by 2032. The wide acceptance of catheterisation techniques for patient diagnosis, examination and treatment is predicted to propel the demand for PIVC. The North American market is expected to maintain its position as the largest market, while Asia Pacific is anticipated to grow at the fastest pace.
The rising prevalence of diseases is a significant driver for the demand for catheterisation and PIVC. Apart from drug administration, the use of PIVC in body fluid collection during physical examinations is also identified as a key driver of market growth. The prevalence of infections and epidemics is expected to further drive demand for catheters across hospitals, clinics, ambulatory surgical centers, home healthcare units, and other healthcare facilities.
Increasing investments in healthcare infrastructure, as well as consumers' rising healthcare spending, are expected to support market growth. Technological advancements in PIVC are also anticipated to positively impact sales, with PIVC being considered a superior option to other catheter types. As a result, PIVC is expected to continue to be the preferred choice and support market growth.
Some of the leading players in peripheral intravenous catheter market include:
- Becton, Dickinson and Company
- B. Braun Melsungen AG
- Smiths Group plc.
- Terumo Corporation
- Venner Medical
- Vygon
- Teleflex Incorporated
- C. R. Bard, Inc.
- NIPRO Medical Corporation
- Argon Medical Devices, Inc
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By Product Type:
- Short Peripheral IV Catheter
- Ported PIVC
- Non-Ported PIVC
- Integrated/Closed PIVC
- Closed with Extension Sets
- Closed PIVC
By Technology:
- Conventional PIVC
- Safety PIVC
- Closed with Extension Set
- Active PIVC with Blood Control
- Passive PIVC with Blood Control
- Active PIVC
- Passive PIVC
By End User:
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Clinics
- Home Use
- Others
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