Professional Documents
Culture Documents
By product type, the global peripheral intravenous catheters market is segmented into short
PIVC and integrated/closed PIVC. Among these, integrated/closed PIVC segment is expected
to register fastest CAGR of 8.9% during the forecast period. Short PIVC segment is expected
to contribute a maximum share to the global peripheral intravenous catheters market. Nonported PIVC product type sub-segment is expected to register fastest CAGR over the forecast
period.
Global peripheral intravenous catheter market growth is mainly driven by factors such as an
increase in hospitalization rate in emerging countries such as India, China, Brazil, etc.,
enhancement in peripheral IV catheter technology, increasing the prevalence of diseases
among the population, and increase in per capita healthcare expenditure across the globe.
Technological advancements and increase in usage of non-irritant material in the
This report covers the trend of each segment and its sub-segments along with an analysis of
the potential of peripheral intravenous catheters market in these regions. North America and
Asia-Pacific regions are estimated to collectively account for over 60% revenue share of the
total peripheral intravenous catheters market by 2015 end. North America is estimated to
contribute a maximum share to the global peripheral intravenous catheters market. AsiaPacific is projected to be the fastest growing market due to increase in hospitalization rate
along with improvement in healthcare facilities in the region.
Key players in the global peripheral intravenous catheter market include B. Braun Melsungen
AG, Smith Medical, Terumo Corporation, Inc., Becton Dickinson and Company, Tangent
Medical, Vygon Group, C. R. Bard, etc. Manufacturers of peripheral intravenous catheters are
working in partnership with other key healthcare solutions and services providers in order to
gain maximum market share.
Market History:
The peripheral intravenous catheter is venous devices manufactured using silicon and other
user-friendly materials to avoid side effects. These properties enable patients to retain PIVCs
in their veins or body for long durations of time without suffering ill effects. Basically,
peripheral intravenous catheters are used to infuse medication and various fluids directly
into a vein of a patient.
The global peripheral intravenous catheter market was valued at US$ 3,500 Mn in 2014.
North America was the largest market for peripheral intravenous catheters, accounting for
over 45% revenue share of the overall market in 2014, followed by Europe with around 27%
share. Moreover, Asia-Pacific market is expected to exhibit highest CAGR of 6.7% during the
forecast period (20152021), followed by the North America. Factors such as increasing per
capita healthcare spending, increasing aging population, increase in a number of diseases,
and advancement in PIVC technology are expected to support a growth of the peripheral
intravenous catheter market over the forecast period.
The global peripheral intravenous catheter market is estimated to be valued at US$ 3,663.7
Mn by the end of 2015, reaching a value of US$ 5,224.7 Mn by the end of 2021 at a CAGR of
6.1%.
By product, the short peripheral intravenous catheter segment accounted for around 73% of
overall market value in 2014.
By technology, safety segment was valued at US$ 2,164.8 Mn in 2014 and is expected to
increase at a CAGR of 7.1% over the forecast period to account for US$ 3,448.6 Mn by 2021.
By end users, hospitals segment contributed the highest revenue at US$ 2,147.6 Mn,
accounting for approximately 61.4% share in 2014. Ambulatory surgical centers segment
was the second-largest segment by end users, accounting for around 19.6% revenue share
the same year.
Key players 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, and Vygon Group.
About Us:
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated
research, custom research, and consulting services. PMR boasts market research expertise across the
Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages,
Contact Us:
Addie Thomes
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com