Peripheral I.V. Catheter Market Analysis by Sales, Revenue, Production and Consumption Forecast to 2022

 

The global market is increasing, due to growing geriatric population and increasing incidence of chronic diseases. In addition, the growing demand for injectable drugs in comparison to the oral medications, increasing healthcare expenditure and technological advancements in peripheral I.V. catheter is encouraging the growth of the global peripheral I.V. catheter market.

The information and data in the publication “Global Peripheral I.V. Catheter Market Size, Share, Development, Growth and Demand Forecast to 2022” represent the research and analysis of data from various primary and secondary sources. Bottom-up approach has been used to calculate the size of the global peripheral I.V. catheter market by type, technology, end user, and clinical area. The market numbers for countries are obtained through top-down approach. P&S Intelligence analysts and consultants interacted with the authorities from leading companies of the concerned domain, to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.

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Peripheral I.V. catheter helps in directly administering antibiotics, analgesics, intravenous fluids, and psycholeptics into the veins. Moreover, the introduction of technologically advanced catheter has led to the reduction in hematoma-related complications and bloodstream infections. For instance, the usage of short peripheral I.V. catheter helps in the reduction of mucocutaneous blood exposure amongst people in hospitals. In addition, it also prevents the transfer of blood-borne pathogens to healthcare workers, housekeeping staff, and visitors in hospitals and clinics, which is acting as a major growth driver for the global peripheral I.V. catheter market.

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However, the availability of alternative treatments such as oral drug therapies, and injections and complications associated with the usage of peripheral I.V. catheter acts as major restraint in the growth of the global market.  In addition, the high cost of peripheral I.V. catheter is further restraining the growth of the market. The Asia-Pacific market is expected to witness the fastest growth, at a CAGR of 6.8% during the period 2016 – 2022.

The key companies operating in the global peripheral I.V. catheter market include Becton, Dickinson and Company, Terumo Corporation, B. Braun Melsungen AG, Teleflex Incorporated, Smiths Medical Inc., C.R. Bard Inc., Tangent Medical Technologies Inc., VIGMED AB, Argon Medical Devices Inc., and Medical Components Inc.

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