Global Peripheral Intravenous Catheter Market Set to Surpass USD 13,006.1 Million by 2034, Driven by Advancements in Patient-Centric Care | FMI

The global peripheral intravenous catheter market is on a strong growth trajectory, projected to more than double in size over the next decade. According to recent market insights, the market is expected to reach USD 13,006.1 million by 2034, growing at a robust CAGR of 7.2% from its 2024 valuation of USD 6,489.3 million.

This rapid expansion underscores the increasing reliance on PIV catheters as essential tools in modern medical care. Used widely for administering fluids, medications, and nutrition, peripheral intravenous catheters are pivotal in enhancing treatment delivery and patient comfort in various clinical settings.

Discover Market Shifts: Secure Your Sample Report Now! https://www.futuremarketinsights.com/report-sample#5245502d47422d32353538

The PIVC market’s expansion is also fueled by innovations aimed at reducing complications such as infections and improving patient comfort. As hospitals and clinics adopt more sophisticated solutions to meet the demands of an aging population and the increasing prevalence of chronic conditions, peripheral intravenous catheters are expected to remain a core component of medical practice for years to come.

With a promising outlook, the market stands to benefit from ongoing technological advancements, increasing investments, and expanding global healthcare infrastructure. Stakeholders across the medical device industry can look forward to a thriving market fueled by innovation and rising healthcare demands worldwide.

Market Segmentation and Regional Highlights:

• Product Type: The short peripheral IV catheter segment is expected to dominate, accounting for 35.1% of the market share in 2024.
• Technology: Safety PIVC technology holds the leading position in the segment with a market share of 30.3% in 2024.
• Regional Insights:
  • The peripheral intravenous catheter market in India and the United States is forecasted to grow at a CAGR of 7.5% through 2034.
  • China’s market is anticipated to develop at a 7% CAGR, while Italy and Japan are projected to grow at 6.7% and 6.6% CAGRs, respectively.

Peripheral Intravenous Catheter Market Insights: Access Our Full Report for a Deep Dive into Emerging Trends! https://www.futuremarketinsights.com/reports/peripheral-intravenous-catheter-market

Competitive Landscape:

Leading companies in the PIVC market include Becton, Dickinson and Company, B. Braun Melsungen AG, Smiths Group plc, Terumo Corporation, Venner Medical, Vygon, Teleflex Incorporated, and C. R. Bard, Inc. These companies are focusing on collaboration with healthcare providers to drive innovation and patient-centric outcomes, while also launching more affordable and effective products.

Recent Developments:

• In October 2023, B. Braun Medical Inc. expanded its Peripheral Advantage® Program to address health inequities in vascular access and improve standards of care for intravenous therapies.
• BD launched PIVO Pro in November 2023, an innovative needle-free blood draw technology that aligns with BD’s vision of a “One-Stick Hospital Stay,” aiming to reduce needlesticks, improve patient experience, and enhance clinical outcomes.

Market Segmentation:

• 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, and Others
• By Region: North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe

Understand Healthcare Industry Dynamics for Growth! https://www.futuremarketinsights.com/industry-analysis/therapeutic-device

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube