How is the peripheral intravenous catheter market going? What are the next key trends and who are the key actors?
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This report published by Persistence Market Research in November 2015 about peripheral intravenous catheter market trends and actors, features a complete forecast. The report covers global peripheral intravenous catheter market performance by revenue contribution and provides a forecast from 2015-2021.
Peripheral intravenous catheters are medical devices that are used to infuse fluids and medication directly into the veins of a human body or draw blood samples for testing purposes. They are inserted into the body of a patient using a needle that can be removed once the catheter is in place. The catheter can then be attached to the patient’s skin with medical adhesive tape.
This report features the key tends, drivers, restraints and opportunities that impact the global market growth. It includes an in-depth analysis of key growth drivers and restraints based on the weighted average model, to give readers better insight for decision making.
The main factors driving the market are the increasing number of diseases and infections of the population, enhanced technology and greater health care expenditure. Intravenous catheter applications can cause complications such as blood exposure and needlestick injuries, while the high cost of catheters in emerging regions is expected to hamper the growth of the market.
A forecast for the period of 2015-2021 expects the integrated/closed peripheral intravenous catheter segment to expand at a compound annual growth rate of 8.9%. The short peripheral intravenous catheter is expected to dominate its market segment with a CAGR of 4.9%. The safety peripheral intravenous catheter segment is estimated to dominate the peripheral intravenous catheter market, accounting for a maximum share of the overall market by the end of 2015. Revenue from the safety peripheral segment is projected to expand at a CAGR of 7.1%.
The peripheral intravenous catheter market is further segmented into the short peripheral intravenous catheter and integrated/closed peripheral intravenous catheter markets. The short peripheral intravenous catheter segment is further segmented into ported peripheral IV catheter and non-ported peripheral IV catheter. By end-users, the peripheral intravenous catheter is segmented into hospitals, ambulatory surgical centers, clinics, home use, and others.
North America dominates the market share, with 45% as of 2014. This is followed by Europe, while the Asia-Pacific market is expected to expand the most over the forecast period, with a CAGR of 6.7%.
Key players in the market are Becton Dickinson and Company, B. Braun Melsungen AG, Smith Medical, Terumo Corporation, C. R. Bard, Inc., Tangent Medical, and Vygon Group. The report covers both the global and regional markets.
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