Overview

Peripheral Intravenous Catheters Market Dynamics:

Injection needles can cause needlestick injuries which is a serious concern for patients who need injections daily. Percutaneous wound injuries are generally caused due to the needle tips while disassembling, handling or during needle and syringe disposal. As per the Centers for Disease Control and Prevention, over 380,000 needlestick injuries have been reported in the United States every year. Such a high prevalence of needlestick injuries has made healthcare personnel in using drug delivery devices, thereby increasing the patient comfort and reducing the risk.

The peripheral intravenous catheter is a small tube that is placed in the peripheral vein for direct administering of medications into the circulation. Additionally, these catheters are also used for withdrawing blood for testing purposes. Advanced catheters are integrated with more safety features that prevent needlestick injuries. The peripheral IV catheters and the circulatory system are in direct contact which is why they are produced using silicone which is non-irritant in nature and it does not have any side effects even if the IV catheters are in a long-term contact with the circulatory system. The peripheral IV catheters have a major benefit of administering medicine directly into the flow of blood which is the reason it is commonly used for patients undergoing surgeries, emergency patients, paediatric patients, geriatric patients and patients who are unable to swallow food. Such factors shall boost the peripheral intravenous catheters market growth. However, the need for trained healthcare professionals and the pain associated with the insertion procedure along with the expense of closed catheters shall impede the market growth to a certain extent.

Peripheral Intravenous Catheters Market Segmentation:

By Type

Integrated/ Closed Catheters
Peripheral Insertion Catheters

By End User

Hospitals
Clinics
Emergency Medical Services
Others

By Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

The market is diversified into type, end user and region. The type segment is classified into integrated or closed catheters and peripheral insertion catheters. The closed catheters segment is anticipated to account for the largest peripheral intravenous catheters market share due to the soaring rise in its usage over traditional IV catheters. The integrated catheters can apply power during the injection of the medicine in the circulatory system. They are also used for injecting contract media in the circulation prior to CT imaging. These factors shall boost its growth during the forecasted timeframe. The end user segment is categorised into hospitals, clinics, emergency medical services and others.

Regional Analysis:

The North America region is expected to subjugate the market owing to the growing geriatric population, increase in the investments made by government bodies on research and development activities, technological advancements in the healthcare infrastructure and a strong presence of key market players in the region. The Asia Pacific region, on the other hand, is predicted to grow at a substantial rate during the forecast period and this is due to the rising patient population, growth in the medical tourism, improvements in healthcare infrastructure and increased disposable income.

Competitive Landscape:

The key market players included are Terumo Corporation, B. Braun Melsungen AG, Smiths Medical, Becton, Dickenson and Co., Teleflex Inc., C.R. Bard Inc., Tangent Medical Technologies, Vygon SA, Argon Medical Devices Inc., Vascular Pathways Inc., Medical Components Inc., VIGMED AB.

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key market trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global peripheral intravenous catheters market by type, by end user and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

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