According to FutureWise analysis the market for IV Catheters is expected to register a CAGR of 7.32% from 2023-2031.
The IV catheter offers patients a wide range of treatments and some of the best preventative treatment options. After the patient inserts the IV cannula into the vein, the health care provider or nurse can administer medicines, fluids, or blood directly into the bloodstream without needing to use a new needle each time. Catheters can be classified into three major categories: peripheral IVs, central venous catheters, or midline catheters. In terms of treatment and management, health professionals try to manage every type of IVC. In hospitals, IVCs are used hundreds of times a day, if not thousands. Using the right type of IV catheter is essential. A medical practitioner must be confident that the medical device they use does not contain any defects in order to obtain venous blood. It is possible for them to effortlessly and effectively complete their tasks if they have confidence in their abilities. Intravenous (IV) therapy's increasing importance is a major contributor to the growth of the IV catheter market worldwide. Treatment of various diseases often involves IV therapy, which is a common treatment strategy for both surgical and non-surgical patients. Another factor driving the growth of the global IV catheter market is the increasing number of chronic diseases around the world. As insulin is administered and blood samples are taken to monitor glucose levels, needles and syringes will play a key role in fueling growth of the global intravenous (IV) catheters market. The use of disposable medical devices will help prevent infections and reduce the incidence of hospital-acquired infections (HAIs), which are otherwise caused by the negligence of medical staff and professionals. In the global market, it will have a positive effect on growth. There is a high demand for well-organized healthcare infrastructure and high-quality healthcare services as a result of an increase in in-patients requiring emergency medical services. Despite this, the lack of skilled professionals to handle IV catheters is one of the major obstacles to market growth. Growth in the IV catheter market is also attributed to the increasing prevalence of cancer cases. Age contributes to the deterioration of the immune system.
FutureWise Market Research has instantiated a report that provides an intricate analysis of IV Catheters Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the IV Catheters Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.