Peripheral IV Catheter Market Size, Emerging Trends, Business Strategies, Developing Technologies till 2034

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The peripheral IV catheter market in US is predicted to account for 88.6% of the North American market in 2024. It is projected that the US market for peripheral IV catheters would grow by US$ 685 million by 2024. By 2034, the market is expected to reach US$ 1,029 million with a 4.2% compound annual growth rate.

It is projected that the size of the peripheral IV catheter market worldwide would reach US$ 1,058.6 million by 2024. By 2034, the market is expected to grow at a 5.8% CAGR and reach US$ 1,865.4 million.

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For public relations (PR) specialists, the peripheral I.V. catheter market offers a distinctive environment with a wealth of chances for strategic communication and brand development. We will examine the dynamics, difficulties, and future growth potential of the Peripheral IV Catheter market in this study, highlighting the critical role public relations plays in influencing attitudes, building connections, and propelling commercial success. The global peripheral I.V. catheter market is expected to rise steadily over the next several years due to a mix of ongoing technology advancements, greater environmental consciousness, and an increasing demand for more efficient operations. It is expected that industry participants would focus on product innovation, strategic partnerships, and global expansion in order to take advantage of the changing market prospects.

Top Drivers Propelling Growth in the Peripheral IV Catheter Market

  • Peripheral IV catheter sales are benefiting from an aging population and an increase in the prevalence of chronic illnesses.
  • The market is being driven by a rise in the number of hospitalizations and a notable use of safety-ported short peripheral intravenous catheters.
  • Peripheral IV catheter use is predicted to be significantly accelerated by the desire to reduce needle-stick injuries and growing healthcare costs.
  • Peripheral IV catheter use is rising as more people become aware of the benefits of early diagnosis in obtaining blood samples for testing.
  • Peripheral intravenous catheter use is rising as a result of the rise in chronic illnesses like diabetes, neurological diseases, infectious disorders, etc. that are creating opportunities for players to conduct disease treatment awareness campaigns.
  • The market is expected to grow as a result of investments made in the development and production of effective peripheral IV catheters, given the growing patient population.

Competitive Landscape

Key players in the peripheral IV catheter market include Becton, Dickinson, and Company, B. Braun Melsungen AG, Smiths Group plc., Terumo Corporation, Venner Medical, Vygon, Teleflex Incorporated, C. R. Bard, Inc., NIPRO Medical Corporation, and Argon Medical Devices, Inc.

There are both domestic and foreign competitors in this fiercely competitive market. Small and medium-sized businesses are focusing on increasing their market share by investing in technology innovations. Players also use other inorganic and organic tactics, like as alliances, mergers, acquisitions, and the introduction of new products.

Recent Developments in the Peripheral IV Catheter Market

In September 2022, B. Braun Medical Inc. purchased numerous items from Starboard Medical. These devices are used to fasten the Clik-FIX peripheral catheter.

In March 2022, Shockwave Medical Inc. announced that the Shockwave M5+ peripheral IVL catheterโ€”which received FDA certification and the CE Markโ€”will be made commercially accessible globally.

In July 2022, B. Braun Medical Inc. introduced the Introcan Safety 2 IV Catheter, which allows for single-time blood control. The most recent invention from B. Braun lowers the risk of needlestick injuries and blood exposure while also improving the safety quotient of IV for medical professionals.

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Segmentation of Peripheral IV Catheter Market Research

  • By Product Type:
    • Power Injected PICC
    • Conventional PICC
  • By Design Type:
    • Single Lumen
    • Double Lumen
    • Multiple Lumen
  • By End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Catheterization Labs
  • By Region:
    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia and Oceania
    • Middle East and Africa

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