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Peripheral IV CatheterPIVC Market Analysis: Its CAGR, Market Segmentation and Global Industry Overview

Peripheral IV CatheterPIVC Market Trends, Growth Opportunities, and Forecast Scenarios

The Peripheral IV Catheter (PIVC) market research reports indicate a steady growth due to an increase in surgeries, a rise in the geriatric population, and an increase in chronic diseases which require intravenous therapies. The reports detail that the global PIVC market is expected to reach a value of over $5 billion by 2026. The main findings highlight the growing demand for safety IV catheters and the increasing adoption of advanced technologies in healthcare facilities.

Recommendations from the reports suggest focusing on product development, increasing awareness among healthcare professionals, and expanding market presence in emerging economies. The latest trends in the PIVC market include the development of smaller and more flexible catheters, as well as the integration of antimicrobial materials to reduce infection risk. Major challenges faced by the market include strict regulatory approvals and the risk of complications associated with catheter insertion.

Regulatory and legal factors specific to the PIVC market include compliance with standards set by regulatory bodies such as the FDA, European Medicines Agency, and China National Drug Administration. Adhering to these regulations is crucial to ensure the safety and efficacy of PIVC devices.

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What is Peripheral IV CatheterPIVC?

Peripheral IV Catheter (PIVC) is a crucial medical device used for delivering fluids and medications directly into the patient's bloodstream. With advancements in technology and an increasing focus on patient comfort, the demand for PIVC continues to grow in the healthcare industry. The market for PIVC is witnessing substantial growth due to factors such as the rising prevalence of chronic diseases, aging population, and the increasing number of surgical procedures globally. As healthcare facilities strive to improve patient outcomes and reduce healthcare-associated infections, the adoption of PIVC is expected to further drive market growth in the coming years.

Market Segmentation Analysis

Peripheral IV Catheter (PIVC) market includes two main types: Short PIVC and Integrated/Closed PIVC. Short PIVC is commonly used for short-term hospitalizations and procedures, while Integrated/Closed PIVC is used for longer durations and includes features to reduce infection risk.

In terms of applications, the PIVC market caters to various healthcare settings including hospitals, ambulatory surgical centers, clinics, and home use. These different settings require different types of PIVCs based on the duration and complexity of patient treatment. The demand for PIVCs in these settings is driven by the need for safe and efficient intravenous access for patients.


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Country-level Intelligence Analysis 

The global Peripheral IV Catheter (PIVC) market is expected to witness significant growth across various regions, with North America, Europe, APAC, USA, and China emerging as key drivers of market expansion. Among these regions, North America and Europe are anticipated to dominate the market, collectively accounting for a significant market share percentage valuation. This can be attributed to the presence of advanced healthcare infrastructure, increasing prevalence of chronic diseases, and rising demand for minimally invasive procedures. Additionally, the growing geriatric population and escalating healthcare expenditure are also contributing to the market growth in these regions.

Companies Covered: Peripheral IV CatheterPIVC Market

Peripheral IV Catheter (PIVC) is a small, flexible tube inserted into a peripheral vein in order to administer medications or fluids. Companies such as B. Braun Melsungen, Smith Medical, Becton Dickinson (BD), Medline Industries, Terumo Corporation, Bard Access, Tangent Medical, . Bard, Argon Medical Devices, Teleflex, and Vascular Pathways are some of the key players in the PIVC market. Market leaders such as B. Braun Melsungen and Becton Dickinson have a strong presence and established market share, while new entrants like Vascular Pathways are offering innovative solutions and driving market growth.

- B. Braun Melsungen: Sales revenue of $8.63 billion (2019)

- Becton Dickinson (BD): Sales revenue of $17.29 billion (2019)

- Teleflex: Sales revenue of $2.65 billion (2019)

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The Impact of Covid-19 and Russia-Ukraine War on Peripheral IV CatheterPIVC Market 

The ongoing Russia-Ukraine war has disrupted the supply chain and increased geopolitical tensions, leading to uncertainty in the global market for Peripheral IV Catheters (PIVC). This has resulted in challenges for manufacturers in sourcing raw materials and distributing their products, causing delays and fluctuations in the market.

Furthermore, the impact of the post-Covid-19 pandemic has increased the demand for PIVCs as healthcare facilities focus on improving patient care and infection prevention. As a result, there is a growing need for PIVCs in hospitals and clinics worldwide.

Despite the challenges, the PIVC market is expected to see modest growth in the coming years as healthcare systems continue to prioritize patient safety and quality care. This growth is likely to benefit major manufacturers who have the resources and capabilities to adapt to changing market conditions and meet the increasing demand for PIVCs. However, smaller manufacturers may face difficulties in competing effectively in this dynamic market environment.

What is the Future Outlook of Peripheral IV CatheterPIVC Market?

The present outlook of the Peripheral IV Catheter (PIVC) market is positive, with an increasing prevalence of chronic diseases requiring intravenous therapy and the rising demand for minimally invasive procedures driving market growth. The future outlook is also promising, with advancements in technology leading to the development of innovative PIVC products that enhance patient comfort and safety. Additionally, the increasing geriatric population and growing healthcare infrastructure in developing countries are expected to further drive market expansion. Overall, the PIVC market is forecasted to continue growing steadily in the coming years.

Market Segmentation 2024 - 2031

The worldwide Peripheral IV CatheterPIVC market is categorized by Product Type: Short PIVC,Integrated/Closed PIVC and Product Application: Hospitals,Ambulatory Surgical Centers,Clinics,Home Use,Others.

In terms of Product Type, the Peripheral IV CatheterPIVC market is segmented into:

  • Short PIVC
  • Integrated/Closed PIVC

In terms of Product Application, the Peripheral IV CatheterPIVC market is segmented into:

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Home Use
  • Others

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What is the scope of the Peripheral IV CatheterPIVC Market report?

  • The scope of the Peripheral IV CatheterPIVC market report is comprehensive and covers various aspects of the market. The report provides an in-depth analysis of the market size, growth, trends, challenges, and opportunities in the Peripheral IV CatheterPIVC market. Here are some of the key highlights of the scope of the report:

  • Market overview, including definitions, classifications, and applications of the Peripheral IV CatheterPIVC market.

  • Detailed analysis of market drivers, restraints, and opportunities in the Peripheral IV CatheterPIVC market.

  • Analysis of the competitive landscape, including key players and their strategies, partnerships, and collaborations.

  • Regional analysis of the Peripheral IV CatheterPIVC market, including market size, growth rate, and key players in each region.

  • Market segmentation based on product type, application, and geography.

Frequently Asked Questions

  • What is the market size, and what is the expected growth rate?

  • What are the key drivers and challenges in the market?

  • Who are the major players in the market, and what are their market shares?

  • What are the major trends and opportunities in the market?

  • What are the key customer segments and their buying behavior?

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