(PharmaNewsWire.Com, January 15, 2018 ) Global peripheral IV catheters market estimated to be valued US$ 3,768 Mn in 2017 and poised to grow at CAGR of 6.4% over 2017-2023. Market for peripheral IV catheters projected to reach US$ 5,467 Mn by 2023 owing to increasing healthcare infrastructure and growing advances in PIVCs technology.
Peripheral IV catheters market report gives comprehensive outlook on peripheral IV catheters across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). The report on peripheral IV catheters market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, technology, end user, and geographic regions. This report studies peripheral IV catheters market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, peripheral IV catheters market report includes technology advancements; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed peripheral IV catheters market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the peripheral IV catheters market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in manufacturing, supply and use of peripheral IV catheters.
Growing adoption of parenteral drug administration and nutrient administration driving the market revenue growth Peripheral IV catheters are long been used for administer drugs and nutrients and this has been growing over last few years, which is expected to create market demand for peripheral catheters across the globe. Moreover, rising number of inpatient, critical care admissions owing to chronic diseases and several acute diseases conditions expected to lead the market revenue growth positively over the forecast period. In addition, growing geriatric populations and rising healthcare infrastructure in developing economies driving peripheral IV catheters market globally. Rising preference for safety catheters over conventional catheters Over last few years healthcare professionals increasingly preferring safety catheters over conventional catheters owing to rising concern of needle stick injuries to patients and healthcare professionals is creating the potential market opportunity for players offering safety catheters in the market. Moreover, technological advances in catheters manufacturing resulted into reduction in hematoma-related complications and blood infections is expected to drive market revenue growth over the forecast period. For instance, usage of short peripheral catheters helps in reduction of hematoma related complications and blood infections. North America market leads the global Peripheral Intravenous catheters market Currently, North America market leads the global peripheral Intravenous catheters market and projected to remain same over the forecast period owing to increase in adoption of safety and short catheters in the region. Asia-pacific peripheral Intravenous catheters market projected to grow at significant CAGR over the forecast period owing to large patient population and growing healthcare infrastructure in the region. Competition Assessment Key players profiles in the global Peripheral Intravenous Catheters market include: -Argon Medical Devices Inc. (U.S) -B. Braun Melsungen AG (Germany) -Becton Dickinson and Company (U.S) -C. R. Bard, Inc. (U.S) -Medical Components Inc. (U.S) -Smith Medical (U.S) -Tangent Medical Technologies (U.S) -Teleflex Inc. (U.S) -Terumo Corporation (Japan) -VIGMED AB (Sweden) -Vygon Group (France)
Players in the peripheral Intravenous catheters market are launching the newer and technologically advanced products in the market to garner larger market share For instance, in 2013, Tangent Medical, launched novacath integrated IV catheters system, a safety catheter in U.S market. Key Findings of the Report:
-Peripheral Intravenous catheters market expanding at 6.4% CAGR over 2017 to 2023 to reach market value of US$ 5,467 Mn by 2023 -Based on technology type conventional catheters accounted for larger market revenue share in 2016. However, safety catheters expected gain significant traction over the forecast period -Hospitals are the prime buyers of peripheral Intravenous catheters across the globe and expected to remain attractive over the forecast period -Players focusing on launching technologically advanced products to retain market position in global peripheral Intravenous catheters market.
-The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023) -The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies -The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market -The report tracks recent innovations, key developments and startup's details that are actively working in the market -The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario -The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market
Detailed Segmentation
By Product Type o Short Peripheral Intravenous Catheter -Ported PIVCs -Non-ported PIVCs o Integrated/closed Peripheral Intravenous Catheter
By Technology Type o Conventional PIVCs o Safety PIVCs
By End User o Hospitals o Clinics o Ambulatory Surgical Centers (ASC) o Homecare Settings
Geography o North America -U.S -Canada o Europe -Germany -France -U.K -Italy -Spain -Russia -Poland -Rest of Europe o Asia-Pacific -Japan -China -India -Australia & New Zealand -ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others) -South Korea -Rest of Asia-Pacific o Latin America -Brazil -Mexico -Argentina -Venezuela -Rest of Latin America o Middle East and Africa (MEA) -Gulf Cooperation Council (GCC) Countries -Israel -South Africa -Rest of MEA
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