THE PERIPHERAL INTRAVENOUS CATHETERS (PIVCs) MARKET SIZE WAS VALUED AT USD 3,149.85 MILLION IN 2020 AND IS EXPECTED TO REACH USD 3,408.23 MILLION, GROWING AT A CAGR OF 1.32% BY 2026

The Peripheral Intravenous Catheters (PIVCs) Market Research Report Size, Share & Trends Analysis Report by Product (Short Peripheral IV Catheters and Peripheral Midline IV Catheters), by Technology (Conventional Peripheral IV Catheters and Safety Peripheral IV Catheters), and by End-User (Hospitals, Ambulatory Surgical Centers, Homecare, and Others), By Geography (North America, Europe, APAC, Latin America and, Middle East & Africa) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021–2026.

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Most Exhaustive Report

395 Pages

197 Tables

204 Charts

5 Regions

22 Countries

23 Companies

4 Market Segment

PERIPHERAL INTRAVENOUS CATHETERS MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (REVENUE) USD 3,408.23 Million (2026)
MARKET SIZE (SHIPMENT UNITS) 2,268.21 Million Units (2026)
CAGR (REVENUE) 1.32% (2020-2026)
BASE YEAR 2020
FORECAST YEAR 2021-2026
MARKET SEGMENTS By Product (Short Peripheral IV Catheters and Peripheral Midline IV Catheters), by Technology (Conventional Peripheral IV Catheters and Safety Peripheral IV Catheters), by End-User (Hospitals, Ambulatory Surgical Centers, Homecare, and Others)
GEOGRAPHIC ANALYSIS North America, Europe, APAC, Latin America, Middle East & Africa
COUNTRIES COVERED US, Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, China, Japan, India, South Korea, Australia, Philippines, Singapore, Brazil, Mexico, Argentina, Turkey, South Africa, and Saudi Arabia

PERIPHERAL INTRAVENOUS CATHETERS (PIVCs) MARKET OVERVIEW

The peripheral intravenous catheters (PIVCs) market size was valued at USD 3,149.85 million in 2020 and is expected to reach USD 3,408.23 million, growing at a CAGR of 1.32% by 2026. The adoption of PIVCs is increasing worldwide due to the increasing hospital and intensive care admissions attributed to the geriatric population associated with various chronic and lifestyle diseases. The prevalence of chronic diseases coupled with the rising patient population and hospital admissions has put an additional burden on the healthcare system for managing the administration of fluids and medications among patients. The advancement of PIVCs has reduced this burden and the risk of complications occurring with its usage.

Short PIVCs are the most used intravenous catheters in the critical care and emergency care settings compared to the midline catheters, which is the primary factor contributing to its higher usage. Peripheral midline IV catheters are expected to have the highest absolute growth  during the forecast period. 

KEY HIGHLIGHTS

  • The rise in the number of approvals in parental drugs is driving the demand for PIVCs. The demand for parenteral drugs is rising with advances in biologic drugs, including monoclonal antibodies, to next-generation cell and gene therapies. 
  • IV catheter devices are being integrated with safety mechanisms and protect healthcare professionals and patients from accidental needlestick injuries, contributing to market demand. 
  • Safety peripheral intravenous catheters are expected to post the highest incremental and absolute growth during the forecast period. 
  • North America dominates the global peripheral intravenous catheters market in 2020. Europe is expected to have the highest incremental growth.
  • Prominent and emerging players are focusing on developing innovative products and expanding their product portfolio to remain competitive in the market.

PERIPHERAL INTRAVENOUS CATHETERS MARKET SEGMENTATION

The peripheral intravenous (IV) catheters market is segmented by

  • Product
  • Technology
  • End-User
  • Geography

PERIPHERAL INTRAVENOUS CATHETERS MARKET SEGMENTS

  • In 2020, short peripheral IV catheters accounted for the highest share in the global peripheral IV catheters market. Short PIVCs are very frequently used compared to midline PIVCs as these are safe and easy to insert. Several technological advancements led to the development of small caliber catheters suitable for various frequently administered medications and various other indications. 
  • Safety PIVCs have been highly popular to reduce the risk of needle injuries. In the initial days, the adoption of safety IV catheters has lowered sharp injuries by 63% (2001-2004). Its implementation has become a priority in most healthcare facilities in the US, particularly since the Needlestick Safety and Prevention Act had mandated the usage of safety devices in 2000. 
  • Hospitals accounted for the largest market share in the global PIVCs market in 2020. Many hospitals are implementing PIVCs insertions and maintenance bundles to prevent PIVC related infections and complications. 

GEOGRAPHICAL ANALYSIS

  • North America: In 2020, North America is dominating the PIVCs industry majorly due to its vast pool of geriatric population with infectious diseases and chronic illness, leading to an increase in ICU and emergency care admissions, where PIVCs are frequently required for managing the patients. The technological advancements in PIVCs and the growing demand for safety PIVCs are further contributing to the market's growth in this region.
  • Europe: Over the years, there has been a drastic increase in the aging populations associated with chronic diseases. Further, there has been an increasing prevalence of chronic diseases among both adults and elderly populations. The highly advancing healthcare system and increase in the number of vendors offering various PIVCs further increase the growth of this region's market. 
  • APAC: APAC is the fastest-growing region in the PIVCs market in comparison with other regions. The major factors contributing to the growth of the region's market include the rising elderly population associated with acute and chronic conditions.

VENDOR ANALYSIS

  • The key vendors in the peripheral intravenous catheters (PIVCs) market are Becton Dickinson and Company, Smiths Medical, Vygon, B. Braun Melsungen, Teleflex Incorporated, Terumo, and Shanghai Puyi Medical Instruments. 
  • The market competition is expected to intensify with the growing number of products being launched, safety guidelines and government regulations, and mergers & acquisitions. 
  • BD has recently acquired Velano Vascular, whose needle-free technology enables high-quality blood draws from existing PIVC lines. 
  • Smith’s Medical acquired Access Scientific, a broad-spectrum vascular access and infection prevention company that manufactures the POWERWAND midline and extended dwell catheters. 
  • Investing a significant amount in R&D activities and commercialization of their drugs in multiple markets is key for the long-term success of companies.

The peripheral intravenous catheters market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

  • Product
    • Short Peripheral IV Catheters
    • Peripheral Midline IV Catheters
  • Technology
    • Conventional Peripheral IV Catheters
    • Safety Peripheral IV Catheters
  • End-User
    • Hospitals
    • Ambulatory Surgical Centers
    • Homecare
    • Others
  • Geography
    • North America
      • US
      • Canada
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Russia
      • Netherlands
    • APAC
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • Philippines
      • Singapore
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East & Africa
      • Turkey
      • South Africa
      • Saudi Arabia

Frequently Asked Questions

The peripheral intravenous catheters (PIVCs) market size was valued at USD 3,149.85 million in 2020 and is expected to reach USD 3,408.23 million, growing at a CAGR of 1.32% by 2026.
The key players in the peripheral intravenous (IV) catheters industry are Becton Dickinson and Company, Smiths Medical, Vygon, B. Braun Melsungen, Teleflex Incorporated, Terumo, and Shanghai Puyi Medical Instruments.
Europe was the region with the highest growth rate in 2020 in the peripheral intravenous catheters market.
The factors driving the peripheral I.V. catheter market are increased need to reduce needlestick injuries, expanding population with chronic & lifestyle diseases, and rise in hospitalization rates.
The end-users in the peripheral I.V. catheter industry are hospitals, ambulatory surgical centers, home care, and others.
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