Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Peripheral Intravenous Catheter Market – Insights

Peripheral intravenous (IV) catheter contains a slim flexible plastic tube that can be inserted in the peripheral vein in a patient’s arm using a hollow needle, which can then be withdrawn, and medication or fluids thereafter administered. The approach is also used to take blood samples without the need for additional insertions.

The global peripheral intravenous catheter market is estimated to account for US$ 7,535.5 Mn in terms of value by the end of 2027.

Global Peripheral Intravenous Catheter Market: Drivers

Increasing prevalence of chronic diseases is expected to propel growth of the global peripheral intravenous catheter market over the forecast period. For instance, according to the World Health Organization, around 18.1 million new cases and 9.6 million deaths were registered due to cancer worldwide in 2018.

People aged 65 years or above are at high risk of various diseases and require peripheral IV catheters for administration of antibiotics and other medicines and for drawing blood for testing. Therefore, increasing geriatric population is also expected to boost growth of the market. For instance, according to the World Health Organization, geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.

North America region held dominant position in the global peripheral intravenous catheter market in 2018, accounting for 45.2% share in terms of volume, followed by Europe.

Figure 1. Global Peripheral Intravenous Catheter Market Value (US$ Mn), by Region, 2018

Peripheral Intravenous Catheters  | Coherent Market Insights

Global Peripheral Intravenous Catheter Market: Restraints

Use of peripheral intravenous catheters is associated with complications such as blood exposure, which can occur due to needlestick injury and is especially hazardous during the treatment of patients with HIV and hepatitis. Other complications include, skin infections, redness, itching, and pain. Moreover, inadequate catheter stabilization can cause nerve injury. Such factors are expected to hinder growth of the global peripheral intravenous catheter market.

Moreover, high cost of advanced catheters is expected to hamper the market growth, especially in emerging regions such as Asia Pacific and Africa.

Global Peripheral Intravenous Catheter Market: Opportunities

Integration of new alarm algorithm in healthcare settings can offer lucrative growth opportunities for players in the global peripheral intravenous catheter market. For instance, in October 2019, a study in Advances in Neonatal Care, the official journal of the National Association of Neonatal Nurses, reported that a ‘fuzzy logic’ alarm system may help nurses in the neonatal intensive care unit (NICU) predict impending catheter infusion failure.

Increasing funding for R&D in peripheral intravenous catheter is also expected to boost growth of the market. For instance, in December 2019, Griffith University received US$ 1.5 million in funding from the National Health and Medical Research Council for R&D in peripheral intravenous catheters.

Peripheral Intravenous Catheters  | Coherent Market Insights

Short PIVC segment in the global peripheral intravenous catheter market was valued at US$ 3,025.4 Mn in 2018 and is expected to reach US$ 4,693.7 Mn by 2027 at a CAGR of 4.9% during the forecast period.

Market Trends/Key Takeaways

In the recent past, the use of integrated/closed catheters has increased compared to short peripheral IV catheters, owing to enhanced patient outcomes. Integrated/closed catheters offer improved safety from various infections such as blood infection, skin infection, and vein injuries. Companies such as Becton, Dickinson and Company, B. Braun Medical Inc., and Tangent Medical Technologies manufacture integrated/closed catheters with safety technology.

The market is witnessing increasing use of polyurethane material for manufacturing of peripheral IV catheters compared to Teflon and silicone as polyurethane offers superior strength and additional qualities such as softening at body temperature and good flexibility.

Regulations:

North America

  • As per the U.S. FDA norms the Premarket Notification 510(k) for medical devices cover:
    • Peripheral IV catheter is classified by the FDA in 21 CFR, section 880.5200 intravascular catheter
  • The submitter who submitted the 510(k) to the FDA for introducing the device into the U.S. market can be a domestic manufacturers, specification developers, repackers or relabelers and foreign manufacturers/exporters.
  • Peripheral IV catheter is included among class II devices, which requires special control. Class II devices are considered as moderate to high risk devices and general controls alone are insufficient to provide reasonable assurance of the safety and effectiveness of the device. The special control requirements include declaration of device-specifications such as: performance standards, post-market surveillance, special labeling requirements, patient registries, premarket data requirements and guidelines.
  • The submitter may market the device immediately after 510(k) clearance is granted
  • As per the FDA part 820 quality system regulation for medical devices, subpart c design control, under the section 21 CFR 820.30, the devices need to meet specific design requirements.
  • As per the FDA, 21 CFR 807.92, the section 807.92(a), the medical device, which is submitted to the FDA for getting clearance, can refer to the safety and effectiveness of the other medical devices that perform similar function that FDA has already cleared and are not subjected to Premarket approval.

Global Peripheral Intravenous Catheter Market: Competitive Landscape

Major players operating in the global peripheral intravenous catheter market include, Becton, Dickinson and Company, B. Braun Melsungen AG, Smith Medical, Terumo Corporation, C. R. Bard, Inc., Tangent Medical, Velano Vascular Inc., and Vygon Group.

Global Peripheral Intravenous Catheter Market: Key Developments

Key players in the market are focused on raising funds to expand their product portfolio. For instance, in December 2019, Velano Vascular Inc. raised US$ 25 million for the commercialization of its peripheral intravenous catheter device that uses an existing peripheral IV line for a blood draw.

Key players in the market are also focused on adopting M&A strategies to expand their product portfolio. For instance, in November 2019, ICU Medical, Inc. entered into a definitive agreement to acquire Pursuit Vascular, Inc., a privately-held medical device company that develops catheters.

Peripheral Intravenous Catheter is thin flexible tube inserted into the vein for administration of chemotherapy, blood transfusion, and other drugs. Peripheral intravenous catheters are most commonly used for vascular access. These catheters are made of materials such as polyurethane, tetra-fluorethylene hexa-fluoropropylene, and silicone. According to the reports published in 2019 by Australian Commission on Safety and Quality in Health Care peripheral intravenous catheters are the most commonly used medical device with approximately 1.8 billion used globally each year and nearly 25 million used in Australia.

Key features of the study:

  • This report provides in-depth analysis of the Peripheral Intravenous Catheter market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global Peripheral Intravenous Catheter market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Becton, Dickinson and Company, B. Braun Melsungen AG, Smith Medical, Terumo Corporation, C. R. Bard, Inc., Tangent Medical, Velano Vascular Inc., and Vygon Group
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Peripheral Intravenous Catheter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Peripheral Intravenous Catheter market

Detailed Segmentation:

  • Peripheral Intravenous Catheter Market, By Product Type:
    • Short PIVC
      • Ported PIVC
      • Non- Ported PIVC
    • Integrated/Closed PIVC
  • Peripheral Intravenous Catheter Market, By Technology:
    • Conventional
    • Safety
  • Peripheral Intravenous Catheter Market, By End User:
    • Hospital
    • Ambulatory Surgical Centers
    • Clinics
    • Home Use
    • Others
  • Peripheral Intravenous Catheter Market, By Region:
    • North America
      • By Product Type:
        • Short PIVC
          • Ported PIVC
          • Non- Ported PIVC
        • Integrated/Closed PIVC
      • By Technology
        • Conventional
        • Safety
      • By End User
        • Hospital
        • Ambulatory Surgical Centers
        • Clinics
        • Home Use
        • Others
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Short PIVC
          • Ported PIVC
          • Non- Ported PIVC
        • Integrated/Closed PIVC
      • By Technology
        • Conventional
        • Safety
      • By End User
        • Hospital
        • Ambulatory Surgical Centers
        • Clinics
        • Home Use
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Short PIVC
          • Ported PIVC
          • Non- Ported PIVC
        • Integrated/Closed PIVC
      • By Technology
        • Conventional
        • Safety
      • By End User
        • Hospital
        • Ambulatory Surgical Centers
        • Clinics
        • Home Use
        • Others
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Short PIVC
          • Ported PIVC
          • Non- Ported PIVC
        • Integrated/Closed PIVC
      • By Technology
        • Conventional
        • Safety
      • By End User
        • Hospital
        • Ambulatory Surgical Centers
        • Clinics
        • Home Use
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Short PIVC
          • Ported PIVC
          • Non- Ported PIVC
        • Integrated/Closed PIVC
      • By Technology
        • Conventional
        • Safety
      • By End User
        • Hospital
        • Ambulatory Surgical Centers
        • Clinics
        • Home Use
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Short PIVC
          • Ported PIVC
          • Non- Ported PIVC
        • Integrated/Closed PIVC
      • By Technology
        • Conventional
        • Safety
      • By End User
        • Hospital
        • Ambulatory Surgical Centers
        • Clinics
        • Home Use
        • Others
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Becton, Dickinson and Company *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • B. Braun Melsungen AG
    • Smith Medical
    • Terumo Corporation
    • C. R. Bard, Inc.
    • Tangent Medical
    • Velano Vascular Inc.
    • Vygon Group

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippets, By Technology
      • Market Snippets, By End User
      • Market Snippet, By Region
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Regulatory Scenario
    • Mergers and Acquisitions
  4. Global Peripheral Intravenous Catheter Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Short PIVC
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Ported PIVC
        • Non-Ported PIVC
    • Integrated/Closed PIVC
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Peripheral Intravenous Catheter Market, By Technology, 2019 – 2027, (US$ Mn)
    • Conventional
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Safety
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Peripheral Intravenous Catheter Market, By End User, 2019 – 2027, (US$ Mn)
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Home Use
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Peripheral Intravenous Catheter Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Technology, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Company Profiles
      • Becton, Dickinson and Company
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • B. Braun Melsungen AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Smith Medical
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Terumo Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • C. R. Bard, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Tangent Medical
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Velano Vascular Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Vygon Group
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 42 market data tables and 44 figures on “Peripheral Intravenous Catheter Market - Global forecast to 2027”.

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