Navigation Links
Peripheral Intravenous Catheter Market: Asia Pacific Regional Market to Witness the Fastest Growth Throughout the Forecast Period: Global Industry Analysis & Opportunity Assessment, 2016-2021
Date:2/1/2017

NEW YORK, Feb. 1, 2017 /PRNewswire/ -- Peripheral intravenous catheter is a sophisticated medical device widely used to deliver certain fluids, especially medicines, into a patient's body through a vein. It is a critically important part of a medical treatment procedure that facilitates drug delivery through an intravenous route. It can also be used in body fluid collection for a patient's physical examination. PIVC is considered ideal for easy, direct administration of antibiotics, IVs, analgesics, and psycoleptics. It plays a vital role in prevention of blood-borne pathogenic infections. These attributes are currently driving the market for peripheral intravenous catheter on a global level.

FMI indicates that the global peripheral intravenous catheter market will see steady growth over the next few years. The market is predicted to expand at a CAGR of 6.1% over 2016-2021. The revenues are estimated to reach US$ 5.22 Bn by the end of 2021.

Disease Prevalence and Frequent Epidemics Spur Demand for PIVC

Increasing disease prevalence and rising incidences of infection will continue to spur the demand for catheterisation in hospitals, healthcare centres, ambulatory surgical centres, clinics, and home healthcare units. Soaring frequency of disease epidemics is anticipated to generate substantial demand for peripheral intravenous catheters in order to accomplish patient examination, diagnosis, and treatment. This is likely to include a larger share of PIVCs, compared to other catheters.

Increasing Preference for Safety IV Catheters Primarily Drive Market

Increased spending on healthcare and advancements in healthcare infrastructure will continue to hold a positive influence on market growth. Moreover, the advent of PIVC technology will further boost the sales. Rising ability to afford expensive medical treatments, such as catheterization, will remain a key driver to market growth. User-friendly material composition of peripheral intravenous catheters compared to other counterparts, is another factor that makes them a preferred choice among physicians as well as patients.

Improvisation of PIVC Material and Design Favour Market Growth

Technological innovations in catheterization technique are also expected to propel the demand for peripheral intravenous catheters. Growing usage of non-irritant, harmless, and user-friendly materials in manufacturing of PIVC can reportedly eliminate associated ill effects and risks, extending the expected PIVC access. Moreover, manufacturers have already started improving PIVC design to overcome the complications associated with previous designs. This is considered to be an important factor influencing the market growth.

Expensive PIVC Price Hampers Market Growth, Especially in Developing Regions

Despite having a wide range of advantages, the PIVC market has to face certain technological and qualitative complications, as well as price restraints. Higher costs and reported complications and ill effects of PIVC, such as needle-stick injuries and exposure of blood, may remain a longstanding barrier to mass adoption of peripheral intravenous catheter in near future. Unaffordable catheterisation procedure can hamper PIVC penetration in developing markets in Asia Pacific, Middle East and Africa, and Latin America. Conventional PIVC sales is likely to witness a significant drop owing to stringent regulatory measures related to medical devices in some regions, including EU, Japan, China, Brazil, and Russia.

Short PIVC Continue to Gain Higher Traction

On the basis of product, the global peripheral intravenous catheter market is segmented into the short peripheral intravenous catheter and integrated/closed peripheral intravenous catheter. Short PIVC segment is sub-segmented into ported peripheral IV catheter and non-ported peripheral IV catheter, and will dominate market with nearly 67% value share, expanding at a moderate CAGR over 2016-2021. However, integrated/closed PIVC segment will witness the highest CAGR of 5.5% during the forecast period.

Safety PIVC Highly Preferred over Other Catheter Products

Based on technology, safety PIVC segment is estimated to dominate the market, accounting for the largest revenue share by 2021 end. This segment will witness a promising CAGR during the forecast period, attributed to user-friendly material composition and extended access.

Hospitals Continue to Generate Highest Demand for PIVC, Followed by Ambulatory Surgical Units

By end-user, the global market for peripheral intravenous catheter is segmented into hospitals, ambulatory surgical centres, clinics, home use, and others. Hospitals segment is expected to register the highest revenues by the end of 2021, accounting for a dominating market share. Ambulatory surgical centres segment is likely to remain the second-largest segment, contributing significantly to the entire market revenues.

North America Remains the Largest Shareholder, Asia Pacific Witnesses the Fastest Growth

North America will continue to represent over 45% of the entire market value, reaching the revenues of around US$ 2.37 Bn over 2016-2021. Europe is expected to remain the second largest regional market. APAC will demonstrate the fastest growth rate over the assessment period. This growth is primarily due to burgeoning geriatric population and increasing healthcare expenditure.

Product Innovation Remains at the Centre Stage for Key Market Players

Key companies in the global peripheral intravenous catheter market are B. Braun Melsungen AG, Becton Dickinson and Company, Vygon Group, C. R. Bard, Inc., Smith Medical, Tangent Medical, and Terumo Corporation. B. Barun recently featured one of their latest product advancements - Ster-ASSIST™ i.e. Sterile Peripheral IV Catheter Insertion Kit (30th Association for Vascular Access (AVA) Annual Scientific Meeting).

Read the full report: http://www.reportlinker.com/p04665959-summary/view-report.html

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

http://www.reportlinker.com

Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/peripheral-intravenous-catheter-market-asia-pacific-regional-market-to-witness-the-fastest-growth-throughout-the-forecast-period-global-industry-analysis--opportunity-assessment-2016-2021-300400738.html


'/>"/>
SOURCE Reportlinker
Copyright©2017 PR Newswire.
All rights reserved


Related medicine technology :

1. Halyard Health Introduces EZstim* III Peripheral Nerve Locator and Stimulator
2. Global Peripheral I.V. Catheter Market Size, Share, Development, Growth and Demand Forecast to 2022- Industry Insights by Type, by Technology, by Clinical Area and by End User
3. Global Market Study on Peripherally Inserted Central Catheters: Power Injected Peripherally Inserted Central Catheters Product Type Segment to Dominate the Market Through 2024
4. US$ 3.8 Bn Peripheral Intravenous Catheter Market: North America Largest Market, Asia Pacific to Grow at the Highest Rate
5. Research and Markets - Global Peripheral Vascular Diagnostic Systems Market (2016-2020) - Product, Application & End User - Key Vendors are ArjoHuntleigh, Viasonix & Opto Circuits
6. Interventional Cardiology and Peripheral Vascular Devices Market - Expected to Reach USD$ 31 Billion by 2021 - Research and Markets
7. Interventional Cardiology and Peripheral Vascular Devices Market Worth 31.47 Billion USD by 2021
8. Global Peripherally Inserted Central Catheters Market to Reach US$ 1058.6 Mn by 2024 end - Persistence Market Research
9. OrbusNeich Expands Portfolio to Treat Peripheral Disease
10. Peripheral Neuropathy (Sensory) Market Pipeline Global Review H2 2015
11. Global Peripheral I.V. Catheter Market is Expected to Grow at 6% CAGR During 2016 - 2022: P&S Market Research
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/19/2020)... ... , ... Combining multiple food allergies into a single oral ... research scheduled for presentation at the 2020 American Academy of Allergy, Asthma & ... coronavirus disease 2019 (COVID-19). , A retrospective review was used to complete ...
(Date:3/16/2020)... ... March 16, 2020 , ... ... communication and patient education platform, with content available from numerous organizations. Docola ... improving how they support patients before, after, or between face-to-face visits or ...
(Date:3/16/2020)... ROCKVILLE, Md. (PRWEB) , ... March 16, 2020 , ... ... has served as President since November 2017, is appointed President and Chief Executive Officer ... to serve as Chairman of the Board of Directors. , “Scott has brought strong ...
Breaking Medicine Technology:
(Date:3/28/2020)... ... 28, 2020 , ... Confluent Health is proud to announce ... company since 1985 specializing in the treatment of orthopedic, sports, and work-related injuries ... 30 years ago, we have been committed to providing excellent quality of patient ...
(Date:3/27/2020)... LAKE MARY, Fla. (PRWEB) , ... March 27, 2020 , ... ... a three-month online educational health conference for people with asthma, their families and caregivers ... 24-hours a day between March 27, 2020 and June 30, 2020, and will focus ...
(Date:3/27/2020)... ... March 27, 2020 , ... During a time of global distress and concern about the impact ... the UNITE HERE Education and Support Fund in an effort to assist hospitality ... HERE represents 300,000 working people in the food service , hotel ...
(Date:3/22/2020)... ... ... In partnership with UC Health, Cincy Shirts has created a new t-shirt design ... title comes from the English translation of “Juncta Juvant”, the City of Cincinnati’s motto ... the sale of the shirt will benefit the YMCA of Cincinnati Emergency Response Fund ...
(Date:3/22/2020)... ... March 22, 2020 , ... “At a time when the public ... well, Preferred Health Insurance Solutions’ First Stop Health Telemedicine program is a ... First Stop Health Telemedicine program, is a valuable tool that can help Americans in ...
Breaking Medicine News(10 mins):