The global Peripheral Intravenous Catheters (PIVC) Market was valued at USD 3.06 billion in 2022 and is projected to reach from USD XX billion in 2023 to USD 3.38 billion by 2031, growing at a CAGR of 1.12% during the forecast period (2023–2031). Peripheral Intravenous Catheters (PIVCs) are essential medical devices widely used in hospitals, ambulatory surgical centers, and home care settings to provide intravenous access for delivering fluids, medications, and nutrients. The growth of this market is driven by the increasing demand for minimally invasive procedures, a rise in chronic diseases, the aging population, and advances in catheter technology. PIVCs are critical for patient care, and as healthcare practices evolve, the market for these devices continues to expand.
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Peripheral Intravenous Catheters (PIVC) Market Categorization
By Product
- Short Peripheral IV Catheters
Short peripheral IV catheters are the most commonly used type of PIVC. These devices are inserted into a peripheral vein for short-term intravenous access, typically lasting for a few days. They are used for administering fluids, medications, and blood products in patients undergoing medical procedures or treatments. Their ease of use and relatively low cost make them a preferred choice in hospitals and clinics. - Peripheral Midline IV Catheters
Peripheral midline catheters are designed for medium-term intravenous access. They are typically inserted into veins of the upper arm and can remain in place for a longer duration compared to short peripheral IV catheters, generally up to 4 weeks. Midline catheters are often used for patients requiring prolonged medication administration, such as those undergoing cancer treatments or intravenous nutrition.
By Technology
- Conventional Peripheral IV Catheters
Conventional peripheral IV catheters are the standard type of PIVC used in most healthcare settings. They are designed to provide reliable access to veins for short-term intravenous therapy. These catheters come with basic features and are used for routine procedures such as fluid infusion, medication delivery, and blood sampling. - Safety Peripheral IV Catheters
Safety peripheral IV catheters are designed with advanced features to reduce the risk of needlestick injuries, a common concern among healthcare professionals. These catheters have a safety mechanism that covers the needle after use, ensuring better protection for both the patient and healthcare providers. With the increasing focus on healthcare worker safety and infection prevention, the demand for safety IV catheters is growing, particularly in hospitals and ambulatory settings.
By End-User
- Hospitals
Hospitals are the largest end-user segment of the PIVC market. With an increasing number of inpatient and outpatient procedures requiring intravenous access, hospitals use PIVCs extensively. The rise in surgeries, diagnostic procedures, and treatments for chronic diseases has led to a higher demand for PIVCs in hospital settings. - Ambulatory Surgical Centers
Ambulatory surgical centers (ASCs) provide surgical procedures that do not require overnight stays. The use of PIVCs in these centers is essential for administering intravenous fluids and medications during short-term surgical procedures. The growth of ASCs due to their cost-effectiveness and convenience is contributing to the demand for PIVCs in these settings. - Homecare
The homecare segment is growing rapidly, driven by the aging population and the increasing preference for home-based healthcare services. PIVCs are used in homecare settings for long-term care, such as administering medications and intravenous nutrition to patients with chronic conditions or those recovering from surgery. The rise of home healthcare services is expected to be a key driver of market growth in the coming years. - Others
The “Others” category includes clinics, diagnostic laboratories, and other healthcare facilities where PIVCs are used for short-term procedures. This segment is also seeing growth, driven by the increasing awareness of patient safety and the need for efficient healthcare solutions.
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Geographic Overview
North America
North America is expected to remain the dominant market for peripheral intravenous catheters. The United States, in particular, has a large healthcare infrastructure and a high number of hospitals and ambulatory surgical centers. With a significant aging population and rising healthcare expenditure, North America continues to lead in PIVC adoption. Additionally, the strong focus on improving patient safety and reducing healthcare-associated infections is driving the demand for safety peripheral IV catheters in this region.
Europe
Europe is the second-largest market for PIVCs, with countries like Germany, the UK, and France leading the way. The region has an aging population and an increasing prevalence of chronic diseases, which is driving the demand for long-term intravenous access. Healthcare reforms and advancements in catheter technologies are also contributing to the market growth in Europe. The demand for safety PIVCs is also rising due to increasing awareness of the risks associated with needlestick injuries.
Asia-Pacific
The Asia-Pacific region is expected to experience the highest growth rate during the forecast period. Rapid advancements in healthcare infrastructure, increasing healthcare spending, and a large patient pool in countries like China, India, and Japan are propelling the market. The growing burden of chronic diseases and rising surgical procedures are further contributing to the demand for PIVCs in the region. Additionally, the increasing focus on improving healthcare quality and patient safety is driving the adoption of safety PIVCs.
Latin America and Middle East Africa
In Latin America and the Middle East Africa, the market is growing steadily, driven by improvements in healthcare access and infrastructure. As healthcare systems in these regions continue to develop, the demand for medical devices like PIVCs is increasing. The growing awareness of infection control and patient safety is expected to boost the adoption of safety peripheral IV catheters.
Top Players of Peripheral Intravenous Catheters (PIVC) Market
- Becton Dickinson and Company
- Smiths Medical
- Vygon
- Braun Melsungen
- Teleflex Incorporated
- Terumo
- AngioDynamics
- Argon Medical Devices
- Dukwoo Medical
- Nipro
- Shanghai Puyi Medical Instruments
These key players are continually innovating and expanding their product portfolios to meet the growing demand for PIVCs across various healthcare settings. Their focus on enhancing the safety features of catheters and improving patient outcomes is driving the market forward.
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Key Unit Economics for Businesses and Startups
For businesses and startups in the Peripheral Intravenous Catheters (PIVC) market, understanding unit economics is crucial to profitability. Key factors influencing profitability include the cost of raw materials, manufacturing processes, research and development investments, and the ability to scale production. Additionally, focusing on safety features and technology improvements in the catheters can enhance the product's value proposition, leading to higher demand and better market penetration.
Peripheral Intravenous Catheters (PIVC) Market Operational Factors
Operational factors such as manufacturing capabilities, regulatory compliance, and distribution networks play a significant role in the success of companies in the PIVC market. Companies that focus on maintaining stringent quality control measures, regulatory approvals, and cost-efficient production are better positioned to capture market share. Collaboration with healthcare providers and expanding distribution networks can also help companies gain access to emerging markets.
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