Peripheral Intravenous Catheters Market Set to Witness Steady Growth through (2021-2027)

The Peripheral Intravenous Catheters market report presents the global Peripheral Intravenous Catheters sales and revenue by companies, regions, type and application and forecast to 2027. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter’s Five Forces Analysis.

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Global Peripheral Intravenous Catheter Market, By Product Type (Closed/Integrated PIVC and Short PIVC (Non-ported PIVC and Ported PIVC)), By Technology (Safety and Conventional), By End User (Home Use, Hospitals, Clinics, and Ambulatory Surgical Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), had a market valuation of US$ 4,881.1 million in 2020 and is forecast to grow at a CAGR of 6.4 percent during the forecast period (2020-2027), as mentioned in a new report published by Coherent Market Insights.

Drivers

Increased investment for research and development of peripheral intravenous catheters is expected to fuel growth of the global peripheral intravenous catheter market during the forecast period. In December 2019, Griffith University secured US$ 1.5 million in funding for R&D in peripheral intravenous catheters from the National Health and Medical Research Council.

Furthermore, the global peripheral intravenous catheter market is expected to expand due to the growing launch of novel peripheral intravenous catheters over the projected period. Teleflex Inc., introduced the TrapLiner catheter in the U.S. in February 2017. The device is designed to be used in conjunction with guidance catheters, commonly known as extension catheters, to provide access to specific areas of the peripheral vasculature.

Impact of COVID-19 Pandemic

The COVID-19 pandemic has had an effect on the global economy, as well as the demand for peripheral intravenous catheters. Until the end of the second quarter of 2020, quarantine, travel restrictions, and social distancing policies are expected to result in a sharp drop in corporate and consumer expenditure. Furthermore, in hospitals and nursing facilities, peripheral intravenous catheters are used to administer drugs and nutrients. The need for peripheral intravenous catheters is expected to rise as the number of patients infected with COVID-19 grows, as well as the number of patients admitted to the hospital.

Browse 42 Market Data Tables and 44 Figures spread through 193 Pages and in-depth TOC on “Peripheral Intravenous Catheter Market”- Global Forecast to 2027, By Product Type (Closed/Integrated PIVC and Short PIVC (Non-ported PIVC and Ported PIVC)), By Technology (Safety and Conventional), By End User (Home Use, Hospitals, Clinics, and Ambulatory Surgical Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

In order to broaden their product offerings and increase their position in the global market, key players in the market are focused on inorganic growth initiatives such as acquisition and partnership. Pursuit Vascular, Inc., a privately-owned medical technology corporation that manufactures catheters, entered into a partnership arrangement with ICU Medical, Inc. in November 2019.

Key Takeaways

The global peripheral intravenous catheter market is projected to expand at a CAGR of 6.4 percent over the forecast period, owing to an increase in the prevalence of chronic diseases such as cancer, which will fuel market growth. According to estimates from the European Commission, the total number of new cancer cases in 28 European countries was 1.6 million in males and 1.4 million in females in 2019.
Due to increased acceptance of innovative products and releases of technologically advanced products, the integrated/closed PIVC segment is expected to account for the largest market share in 2020.

The hospital segment is expected to account for the largest market share of end-users in 2020, owing to an increase in the number of patients suffering from chronic diseases over the forecast period.

Major Key Players Include In Peripheral Intravenous Catheters Market: Becton, Dickinson and Company, B. Braun Melsungen AG, Smith Medical, Terumo Corporation,  Vygon S.A.,  ICU Medical, Inc.,  VOGT Medical,  RenovoRx, Inc,  Retractable Technologies Inc.,  Nipro Corporation,  MedSource Labs,  Argon Medical Devices, Inc., Intra Special Catheters GmbH,  Greiner Bio-One International GmbH,  Medical Components, Inc,  Ares Medikal,  Ace Medical Co., Ltd,  Merit Medical Systems, Inc.,  Heka s.r.l.,  RAUMEDIC Inc.,  Qingdao Sinoland International Trade Co., Ltd,  Cook Group,  and Teleflex Incorporated

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Main points in Peripheral Intravenous Catheters Market Report Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Peripheral Intravenous Catheters Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Peripheral Intravenous Catheters Industry Impact

Chapter 2 Global Peripheral Intravenous Catheters Competition by Types, Applications, and Top Regions and Countries
2.1 Global Peripheral Intravenous Catheters (Volume and Value) by Type
2.3 Global Peripheral Intravenous Catheters (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Peripheral Intravenous Catheters Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Peripheral Intravenous Catheters Market Analysis
Chapter 6 East Asia Peripheral Intravenous Catheters Market Analysis
Chapter 7 Europe Peripheral Intravenous Catheters Market Analysis
Chapter 8 South Asia Peripheral Intravenous Catheters Market Analysis
Chapter 9 Southeast Asia Peripheral Intravenous Catheters Market Analysis
Chapter 10 Middle East Peripheral Intravenous Catheters Market Analysis
Chapter 11 Africa Peripheral Intravenous Catheters Market Analysis
Chapter 12 Oceania Peripheral Intravenous Catheters Market Analysis
Chapter 13 South America Peripheral Intravenous Catheters Market Analysis
Chapter 14 Company Profiles and Key Figures in Peripheral Intravenous Catheters Business
Chapter 15 Global Peripheral Intravenous Catheters Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology

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