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Peripheral Intravenous Catheters Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the Peripheral Intravenous Catheters market, covering insights on size, trends, technology, and forecasts from 2023 to 2033, evaluating growth prospects and challenges within the industry.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $3.80 Billion |
| CAGR (2023-2033) | 6.8% |
| 2033 Market Size | $7.47 Billion |
| Top Companies | Becton, Dickinson and Company, Terumo Corporation, Smiths Medical, Medtronic plc, NIPRO Corporation |
| Last Modified Date | 15 Nov 2024 |
Peripheral Intravenous Catheters Market Report (2023 - 2033)
Peripheral Intravenous Catheters Market Overview
What is the Market Size & CAGR of Peripheral Intravenous Catheters market in 2023?
Peripheral Intravenous Catheters Industry Analysis
Peripheral Intravenous Catheters Market Segmentation and Scope
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Peripheral Intravenous Catheters Market Analysis Report by Region
Europe Peripheral Intravenous Catheters Market Report:
Europe's market size is estimated at $1.17 billion in 2023, expected to reach $2.30 billion by 2033. The region's robust healthcare systems, stringent regulatory frameworks, and increasing patient-centric healthcare initiatives are key growth drivers.Asia Pacific Peripheral Intravenous Catheters Market Report:
The Asia Pacific region shows promising growth in the Peripheral Intravenous Catheters market, projected to rise from $0.72 billion in 2023 to $1.42 billion by 2033. This rise can be attributed to increasing healthcare investments, a rising number of surgical procedures, and a growing geriatric population.North America Peripheral Intravenous Catheters Market Report:
North America leads the market, with an estimated value of $1.33 billion in 2023, growing to approximately $2.62 billion by 2033. This expansion is driven by technological advancements, a high number of healthcare facilities, and an emphasis on reducing hospital-acquired infections.South America Peripheral Intravenous Catheters Market Report:
The South American market is expected to grow moderately, increasing from $0.09 billion in 2023 to around $0.17 billion by 2033. Factors such as improving healthcare infrastructure and increased availability of advanced medical products will support this growth.Middle East & Africa Peripheral Intravenous Catheters Market Report:
The Middle East and Africa region is projected to grow from $0.48 billion in 2023 to $0.95 billion by 2033. Rising healthcare expenditure and the development of healthcare facilities are fostering a conducive environment for market growth.Request a custom research report for industry.
Peripheral Intravenous Catheters Market Analysis By Product Type
Global Peripheral Intravenous Catheters Market, By Product Type Market Analysis (2023 - 2033)
The segment analysis reveals substantial growth in Over-The-Needle catheters, expected to grow from $2.23 billion in 2023 to $4.39 billion in 2033. This product type accounts for about 58.72% of the segment's market share. Meanwhile, Through-The-Needle catheters are projected to grow gradually, while Midline and Specialized catheters are likely to see growth fueled by increasing demand for long-term access devices.
Peripheral Intravenous Catheters Market Analysis By Material
Global Peripheral Intravenous Catheters Market, By Material Market Analysis (2023 - 2033)
The market is dominated by Polyurethane, comprising 63.49% share valued at $2.41 billion in 2023 and growing to $4.74 billion by 2033. Polyvinyl Chloride follows with notable growth, while Silicone catheters are also gaining traction due to their biocompatibility and reduced rates of infection.
Peripheral Intravenous Catheters Market Analysis By End Use
Global Peripheral Intravenous Catheters Market, By End-Use Market Analysis (2023 - 2033)
Hospitals are the largest end-use market, with a size of $2.41 billion in 2023, expected to increase to $4.74 billion by 2033. Ambulatory Surgical Centers follow, showcasing a size of $1.10 billion in 2023, growing to $2.15 billion. Home Healthcare is emerging, with $0.29 billion in 2023, indicating the shift towards providing care in home settings.
Peripheral Intravenous Catheters Market Analysis By Region Type
Global Peripheral Intravenous Catheters Market, By Region Type Market Analysis (2023 - 2033)
The overview of market analysis by region identifies North America and Europe as leaders, while Asia Pacific presents significant growth opportunities. Emerging markets in South America and Africa are evolving, indicating that varied regional dynamics affect market growth, requiring tailored strategies by players to tap into these distinct markets.
Peripheral Intravenous Catheters Market Analysis By Distribution Channel
Global Peripheral Intravenous Catheters Market, By Distribution Channel Market Analysis (2023 - 2033)
The distribution of Peripheral Intravenous Catheters is primarily through online channels, accounting for 63.49% of the market in 2023 and expected to grow robustly. Offline distribution via pharmacies and hospitals also plays a crucial role, reflecting the variety of purchasing preferences that healthcare professionals and institutions exhibit.
Peripheral Intravenous Catheters Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Peripheral Intravenous Catheters Industry
Becton, Dickinson and Company:
A leading global medical technology company, BD specializes in developing innovative catheter systems that enhance patient care and safety.Terumo Corporation:
Known for their high-quality medical devices, Terumo is particularly recognized for its innovations in IV catheter technology and user-friendly designs.Smiths Medical:
A prominent player focused on designing and manufacturing devices for infusion therapy, Smiths Medical has been instrumental in driving advancements in the IV catheter market.Medtronic plc:
A global leader in medical technology, Medtronic offers a variety of catheter solutions aimed at improving patient outcomes and reducing complications.NIPRO Corporation:
NIPRO is known for manufacturing medical supplies, including intravenous catheters, with a focus on enhancing product safety and efficacy.We're grateful to work with incredible clients.
