Worldwide Peripheral Intravenous Catheters Industry to 2025 - Growth Drivers, Challenges and Investment Opportunities

Dublin, IRELAND


Dublin, April 08, 2020 (GLOBE NEWSWIRE) -- The "Peripheral Intravenous Catheters Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

This report provides an in-depth analysis of COVID-19 impact on the global peripheral catheters market. The peripheral intravenous catheters market is expected to grow at a CAGR of over 4% during the period 2019-2025.

The global peripheral intravenous catheters market is growing at a steady rate due to the rising incidence of trauma cases (accident and burn cases), the growing prevalence of chronic diseases, and increasing hospital-acquired infections. The market growth is also driven by the rising volume of hospitalization and the demand for chemotherapy procedures requiring intravenous catheters to deliver medicine, nutrition, and fluids to the patient. The use of safety PIVCs is one of the major factors driving growth. Although safety needles are more expensive than conventional needles, their price is likely to decline during the forecast period due to government initiatives that promote the use of safety needles. Vendors are partnering with distributors for the bulk supply of PIVCs to end-users.

Another major driver influencing the growth of the peripheral IV catheters market is the demand for midline IV catheters. They are unique vascular access devices, which are inserted in the peripheral veins of the upper extremity. They terminate in the peripheral veins without extending into the central veins. Hence, the incidence of central line-associated bloodstream infections (CLABSIs) is minimal with the usage of midline IV catheters. Many healthcare settings prefer using them to avoid CLABSIs. Midline PIVCs also offer significantly better hemodilution than conventional ones placed in smaller, more distal veins because of the placement of the tip in one of the larger veins of the upper arm.

Peripheral Intravenous Catheters Market: Segmentation

This research report includes a detailed segmentation by products, technology, end-user, and geography. With the steady demand for safe short PIVCs, vendors are focusing on manufacturing IV catheters, with non-irritant, flexible, kink-resistant, and user-friendly materials such as polyurethane. The market is growing at a fast rate due to the rising awareness of needlestick injuries and bloodborne infections among patients. As there is a rise in the number of hospitalizations, the demand for short PIVCs is growing as they are used for a short duration of around 72-96 hours, thereby decreasing contamination chances. Moreover, advances in minimizing the infection rate will generate lucrative opportunities for key players, thus boosting the growth in upcoming years.

The increasing hospital admissions for more than one week are driving the demand for midline PIVCs market. Patients do not need to strike multiple times for frequent IV restart while using midline PIVCs. Besides, there are several advantages, which include avoiding repeated venipunctures and decreasing the incidence of catheter-related infections. Moreover, extended hospital stay requires durable and safe PIVCs. Therefore, vendors offer a wide range of midline catheters that are safe and avoid associated complications.

The transformation in the healthcare sector has led to the use of a diverse range of IV catheters in hospitals. The purchase is higher in hospitals and other medical facilities. The bulk purchase helps in the procurement at discounted rates. Hospitals have tie-ups with distributors and vendors for the supply of medical products. Private clinics and practitioners usually procure PIVCs from distributors, as they face difficulties in establishing direct contacts with manufacturers because of their low volume purchases.

The ambulatory care settings (ACS) segment is expected to dominate the market. This growth can be attributed to the use in surgery care settings as PIVCs help to supply drugs, nutrients, and blood during surgeries. A lot of patient population prefers ACS due to same-day surgery and high-class treatment availability. The growing incidence of surgical site infections (SSIs) has forced ACS to implement safe injection practices to minimize the spread of blood-borne infections. The increasing patient preference in ASCs to perform surgeries has led to high demand for PIVCs.

In 2019, the conventional segment was growing at a significant rate, and the trend is likely to continue during the forecast period. The growth of the segment is majorly due to the high preference for low-cost affordability in emerging economies and the lack of awareness of safe needles practices in the population. Moreover, the easy availability of conventional catheters is driving the segment in developing economies. Also, the high prevalence of chronic diseases is contributing to the usage of conventional PIVCs. However, the high inclination toward safe catheters is likely to decrease the market segment.

The Safety PIVCs market is growing at a rapid growth rate. The increase in the patient population and the growth in hospital admission are driving the segment worldwide. Vendors are increasingly focusing on offering diversified safety PIVCs to provide safe patient care and avoid infections. In Germany, the adoption of safety needles for IV catheters is high due to the presence of stringent medical safety regulations. The healthcare system in Germany follows the EU directive legislation for the medical safety of patients and medical professionals during medical procedures. This is projected to play a significant role in propelling the growth in the coming years.

Key Vendors

  • BD
  • Smiths Medical
  • Vygon
  • Braun Melsungen
  • Teleflex
  • Terumo
  • Shanghai Puyi Medical Instruments

Other Vendors

  • Argon Medical Devices
  • Delta Med
  • Greiner Bio-One International
  • Retractable Technologies
  • Nipro Medical
  • Medline Industries
  • Dukwoo Medical
  • AngioDynamics
  • EXELINT INTERNATIONAL
  • Access Scientific
  • ICU Medical

Key Market Insights

  • Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market.
  • Includes a detailed analysis of growth drivers, challenges, and investment opportunities.
  • Delivers a complete overview of segments and the regional outlook of the market.
  • Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage.

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusion
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Products
4.4.2 Market Segmentation by Technology
4.4.3 Market Segmentation by End-user
4.4.4 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview

8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 High Demand for Safety Intravenous Catheters
8.1.2 Increasing Hospitalizations & Target Pool of Patients Requiring Vascular Access
8.1.3 Increasing Demand for PIVCs from Emerging Countries
8.1.4 Rising Awareness of Safety & Best Injection Practices Among End-users
8.2 Market Restraints
8.2.1 Complications & Risks Associated with PIVCs
8.2.2 Stringent Regulations & Legislation for Peripheral IV Catheters
8.2.3 Threat from Alternative Vascular Access Devices
8.3 Market Opportunities and Trends
8.3.1 Growing Popularity of Midline Peripheral IV Catheters
8.3.2 Technological Advancements in PIVCs
8.3.3 Vendors Growing Focus on Product Bundling Strategy

9 Market Landscape
9.1 Market Overview
9.2 Market Size & Forecast
9.2.1 Product
9.2.2 Technology
9.2.3 End-user
9.2.4 Geography
9.3 Five Forces Analysis
9.3.1 Threat of New Entrants
9.3.2 Bargaining Power of Suppliers
9.3.3 Bargaining Power of Buyers
9.3.4 Threat of Substitutes
9.3.5 Competitive Rivalry

10 Product
10.1 Market Snapshot & Growth Engine
10.2 Market Overview
10.3 Short Peripheral IV Catheters
10.3.1 Market Overview
10.3.2 Market Size & Forecast
10.4 Peripheral Midline IV Catheters
10.4.1 Market Overview
10.4.2 Market Size & Forecast

11 Technology
11.1 Market Snapshot & Growth Engine
11.2 Market Overview
11.3 Conventional Peripheral IV Catheters
11.3.1 Market Overview
11.3.2 Market Size & Forecast
11.3.3 Conventional Peripheral IV Catheters: Geography Segmentation
11.4 Safety Peripheral IV Catheters
11.4.1 Market Overview
11.4.2 Market Size & Forecast
11.4.3 Safety Peripheral IV Catheters: Geography

12 End-User
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Hospitals
12.3.1 Market Overview
12.3.2 Market Size & Forecast
12.4 Ambulatory Care Settings
12.4.1 Market Overview
12.4.2 Market Size & Forecast
12.5 Others
12.5.1 Market Overview
12.5.2 Market Size & Forecast

13 Geography
13.1 Market Snapshot & Growth Engine
13.2 Market Overview

14 North America
14.1 Market Overview
14.2 Market Size & Forecast
14.3 Technology Segmentation
14.4 Key Countries
14.4.1 US: Market Size & Forecast
14.4.2 Canada: Market Size & Forecast

15 Europe
15.1 Market Overview
15.2 Market Size & Forecast
15.3 Technology Segmentation
15.4 Key Countries
15.4.1 Germany: Market Size & Forecast
15.4.2 France: Market Size & Forecast
15.4.3 UK: Market Size & Forecast
15.4.4 Italy: Market Size & Forecast
15.4.5 Spain: Market Size & Forecast

16 APAC
16.1 Market Overview
16.2 Market Size & Forecast
16.3 Technology Segmentation
16.4 Key Countries
16.4.1 China: Market Size & Forecast
16.4.2 Japan: Market Size & Forecast
16.4.3 India: Market Size & Forecast
16.4.4 South Korea: Market Size & Forecast
16.4.5 Australia: Market Size & Forecast

17 Latin America
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Technology Segmentation
17.4 Key Countries
17.4.1 Brazil: Market Size & Forecast
17.4.2 Mexico: Market Size & Forecast
17.4.3 Argentina: Market Size & Forecast

18 Middle East & Africa
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Technology Segmentation
18.4 Key Countries
18.4.1 Turkey: Market Size & Forecast
18.4.2 South Africa: Market Size & Forecast
18.4.3 Saudi Arabia: Market Size & Forecast

19 Competitive Landscape
19.1 Competition Overview
19.2 Vendor Ranking Analysis

20 Key Company Profiles

21 Other Prominent Vendors

22 Report Summary

23 Appendix

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