Short Peripheral Intravenous Catheter Market Size, Share, Industry Trends and Forecast to 2033
This report comprehensively explores the Short Peripheral Intravenous Catheter market, providing insights on market dynamics, size forecasts, segmentation, regional analysis, industry trends, and competitive landscape for the forecast period from 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $3.50 Billion |
| CAGR (2023-2033) | 7.2% |
| 2033 Market Size | $7.15 Billion |
| Top Companies | Becton, Dickinson and Company, Smiths Medical, Teleflex Incorporated, Terumo Corporation, Medtronic |
| Last Modified Date | 15 Nov 2024 |
Short Peripheral Intravenous Catheter Market Report (2023 - 2033)
Short Peripheral Intravenous Catheter Market Overview
What is the Market Size & CAGR of Short Peripheral Intravenous Catheter market in 2023?
Short Peripheral Intravenous Catheter Industry Analysis
Short Peripheral Intravenous Catheter Market Segmentation and Scope
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Short Peripheral Intravenous Catheter Market Analysis Report by Region
Europe Short Peripheral Intravenous Catheter Market Report:
In Europe, the market is projected to grow from $0.98 billion in 2023 to $2.00 billion by 2033. The growth factors involve strict regulations ensuring safety in medical practices and growing healthcare expenditures to afford advanced intravenous delivery systems.Asia Pacific Short Peripheral Intravenous Catheter Market Report:
The Asia Pacific region is projected to grow significantly, with the market size expected to increase from $0.65 billion in 2023 to $1.32 billion by 2033. The growth is predominantly driven by rising healthcare infrastructure improvements and the increasing prevalence of chronic diseases in both urban and rural settings.North America Short Peripheral Intravenous Catheter Market Report:
North America is expected to maintain its dominance in the SPIVC market, with an estimated growth from $1.35 billion in 2023 to $2.77 billion by 2033. This region is characterized by advanced healthcare infrastructure and an increasing emphasis on patient safety and care quality.South America Short Peripheral Intravenous Catheter Market Report:
In South America, the Short Peripheral Intravenous Catheter market is estimated to grow from $0.28 billion in 2023 to $0.57 billion by 2033. The expansion is primarily due to growing investments in healthcare and the rising demand for various intravenous therapies.Middle East & Africa Short Peripheral Intravenous Catheter Market Report:
The Middle East and Africa market for Short Peripheral Intravenous Catheters is projected to increase from $0.24 billion in 2023 to reach $0.49 billion by 2033, driven by improvements in healthcare access and the rising prevalence of non-communicable diseases.Request a custom research report for industry.
Short Peripheral Intravenous Catheter Market Analysis By Product
Global Short Peripheral Intravenous Catheter Market, By Product Market Analysis (2023 - 2033)
In 2023, the Intravenous Catheters segment holds the largest market share, approximately 61.23%, with a market size of $2.14 billion, projected to grow to $4.38 billion by 2033. Accessories and IV kits are also significant, with respective market sizes of $0.81 billion and $0.54 billion in 2023, expected to grow to $1.66 billion and $1.11 billion by 2033. Each segment’s growth reflects the increasing adoption of integrated healthcare solutions.
Short Peripheral Intravenous Catheter Market Analysis By Application
Global Short Peripheral Intravenous Catheter Market, By Application Market Analysis (2023 - 2033)
In terms of application, hospitals are the largest segment, commanding a market share of 42.72% with a size of $1.50 billion in 2023, projected to increase to $3.06 billion by 2033. Other applications include clinics with a market size of $0.80 billion, home healthcare at $0.37 billion, and ambulatory surgical centers at $0.35 billion, all expected to grow substantially during the forecast period.
Short Peripheral Intravenous Catheter Market Analysis By End User
Global Short Peripheral Intravenous Catheter Market, By End User Market Analysis (2023 - 2033)
The major end-user segment comprises hospitals, which account for approximately 42.72% of the market share. Other key segments include clinics and home healthcare. Each of these segments plays a pivotal role in the overall adoption of Short Peripheral Intravenous Catheters, as they continually seek methods to improve care and reduce complications.
Short Peripheral Intravenous Catheter Market Analysis By Material
Global Short Peripheral Intravenous Catheter Market, By Material Market Analysis (2023 - 2033)
Polyurethane remains the dominant material for Short Peripheral Intravenous Catheters, comprising 61.23% of the market, followed by silicone (23.21%) and PVC (15.56%). Each material is favored for its specific properties that enhance usability and safety in intravenous applications.
Short Peripheral Intravenous Catheter Market Analysis By Distribution Channel
Global Short Peripheral Intravenous Catheter Market, By Distribution Channel Market Analysis (2023 - 2033)
Online distribution channels have captured 85.33% of the market share in 2023, due to the increasing trend of digital procurement in healthcare. Meanwhile, offline channels also hold relevance, accounting for 14.67%. These trends indicate a shift in purchasing behaviors among healthcare providers.
Short Peripheral Intravenous Catheter Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Short Peripheral Intravenous Catheter Industry
Becton, Dickinson and Company:
A leading global medical technology company that provides innovative products and solutions for healthcare organizations worldwide, with a focus on advancing the world of health.Smiths Medical:
Specializes in the development of medical devices, including Short Peripheral Intravenous Catheters, prioritizing technological advancement and patient safety.Teleflex Incorporated:
A provider of medical technologies that enable healthcare professionals to make life better for patients, teleflex is known for its catheter technology innovations.Terumo Corporation:
A top-tier manufacturer of medical devices, Terumo focuses on meeting high safety and quality standards in its intravenous catheter products.Medtronic:
Medtronic provides a wide range of healthcare products, including cutting-edge intravenous catheter solutions, emphasizing improved patient outcomes.We're grateful to work with incredible clients.
