The high prevalence of disease will continue to be a significant factor driving the demand for catheters, which in turn will drive the market for peripheral venous catheters. Apart from its use in drug administration, the increasing adoption of peripheral intravenous catheters in the collection of body fluids during a patient’s physical examination, is also a major driver of market growth. The spread of infections and epidemics is expected to increase the demand for catheters in hospitals, clinics, ambulatory surgery centers, home health care units and other health care centers. In addition to the continuous improvement of healthcare infrastructure, consumer healthcare spending is also rising, which will boost market growth.
Technological advances in peripheral venous catheters will have a positive impact on sales particularly, boosting the market. The peripheral venous catheter is better than its other counterparts, which will continue to be adopted as a preferred choice over other types of catheters, ultimately supporting the sales of the peripheral venous catheter. Moreover, there have been increasing efforts towards the manufacture of a peripheral venous catheter using non-irritating and easy-to-use materials. Furthermore, manufacturers target improvisation in the design of peripheral venous catheters to eliminate associated complications. This is expected to be a major factor positively affecting market growth.
Certain qualitative and technological complications associated with material composition and design and subsequent effects of peripheral venous catheters are expected to continue to influence mass adoption. In addition, market growth may be constrained by high prices for peripheral venous catheters, especially in emerging economies. Sales of conventional peripheral venous catheters could also see a decline due to some strict regulations for medical devices in some developing countries.
Depending on the product, the portion of the short peripheral venous catheter will still dominate the portion of the integrated/closed peripheral venous catheter. The short section of the peripheral catheter is divided into movable peripheral catheters and immovable peripheral catheters. While the short peripheral venous catheters segment is expected to have the largest market share over 71% in 2016, the integrated/closed peripheral venous catheters segment will witness a significant year-over-year growth of 8.2%. Of the two sub-sections of the short peripheral venous catheter, the immovable peripheral catheter is most likely to remain dominant over the movable peripheral venous catheter.
On the basis of the technology, a secure peripheral venous catheter will continue to gain higher traction than a conventional peripheral venous catheter.
Depending on the end user, the hospital segment is likely to generate the maximum demand for peripheral venous catheters. Ambulatory surgical units will also register a decent demand. Peripheral intravenous catheters will record maximum revenue sales in 2016 in hospitals, accounting for more than 60% of the market share. Ambulatory surgical units will remain the second most profitable PIVC end user.
By region, North America is expected to continue to lead with a 45% share of the total market revenue in 2016. Europe will remain the second largest PIVC market valued at over USD 1.0 billion in 2016. Asia Pacific is expected to emerge as the fastest growing region growth. Compared to 5.8% YoY in North America, Asia Pacific will see stronger YoY growth in 2017 compared to 2016.
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Increasing disease prevalence and rising infections will continue to spur demand for catheters in hospitals, health care centers, ambulatory surgical centers, clinics, and home health care units. The frequency of disease epidemics is expected to increase the demand for peripheral venous catheters to accomplish patient examination, diagnosis and treatment. This is likely to include a greater proportion of peripheral catheters than other catheters.
Increased healthcare spending and advances in healthcare infrastructure will continue to positively impact market growth. Moreover, the advent of peripheral venous catheter technology will boost sales even more. The increasing affordability of expensive medical treatments, such as catheters, will continue to be a major driver of market growth. Another factor that makes it a preferred choice among clinicians and patients alike is the user-friendly physical structure of the peripheral venous catheter compared to its peers.
The major players in the global peripheral venous catheters market are B. Braun Melsungen AG, Becton Dickinson and Company, Vygon Group, CR Bard, Inc. and Smith Medical, Tangent Medical, and Terumo Corporation. B. Barun recently showcased one of the latest developments in their product – Ster-ASSIST™ i.e. Sterile IV Peripheral Catheter Insertion Kit (The 30th Annual Scientific Meeting of the Association for Vascular Access (AVA)).
To understand and evaluate the opportunities in the global Peripheral Intravenous Catheters market, we have divided the report into four sections based on market segmentation as follows:
By product type
- PIVC is short
- Ported peripheral venous catheter
- Immovable peripheral catheter
- Integrated / Closed PIVC
- Intravenous catheter conventional catheter
- Intravenous catheter safety
by the end user
- Mobile surgery centers
- home use
- North America
- Latin america
- Asia Pacific
- Middle East and Africa
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