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Peripheral IV Catheter(PIVC) Market Furnishes Information on Market Share, Market Trends, and Market Growth

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OscarMatterson
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Market Overview and Report Coverage

A Peripheral IV Catheter (PIVC) is a small, flexible tube inserted into a vein to provide quick and easy access for delivering medications, fluids, or blood products directly into the bloodstream. These catheters are commonly used in hospitals, clinics, and other healthcare settings for various medical procedures.

The Peripheral IV Catheter (PIVC) Market is experiencing rapid growth, driven by the increasing prevalence of chronic diseases, rising demand for minimally invasive procedures, and advancements in technology. The market is expected to grow at a CAGR of % during the forecasted period.

Key market trends in the Peripheral IV Catheter (PIVC) Market include the introduction of antimicrobial-coated catheters to reduce the risk of infections, the development of integrated catheter systems for improved patient comfort and safety, and the focus on enhancing catheter material and design for better performance and longevity.

Overall, the future outlook for the Peripheral IV Catheter (PIVC) Market is promising, with increasing adoption of these devices in healthcare facilities worldwide and a growing emphasis on patient-centric care driving market growth.

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Market Segmentation

The Peripheral IV Catheter(PIVC) Market Analysis by types is segmented into:

  • Short PIVC
  • Integrated/Closed PIVC

 

Peripheral IV Catheters (PIVC) are commonly used in healthcare settings for intravenous therapy. There are various types of PIVC available in the market, including short PIVC and integrated/closed PIVC.

Short PIVC are typically used for short-term intravenous therapy and are inserted directly into the patient's vein. Integrated/closed PIVC incorporate additional features such as extension tubing and needleless connectors, providing a closed system that helps reduce the risk of infection and contamination. These types of PIVC are often used for longer-term intravenous therapy and in high-risk patients.

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The Peripheral IV Catheter(PIVC) Market Industry Research by Application is segmented into:

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Home Use
  • Others

 

The Peripheral IV Catheter (PIVC) market finds applications in various healthcare settings such as hospitals, ambulatory surgical centers, clinics, home use, and others. Hospitals utilize PIVCs for easy and quick intravenous access in patient care. Ambulatory surgical centers rely on PIVCs for surgical procedures and post-operative care. Clinics use PIVCs for various medical treatments. PIVCs are also used in home settings for long-term infusion therapy. The market also serves other healthcare facilities like nursing homes and urgent care centers.

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In terms of Region, the Peripheral IV Catheter(PIVC) Market Players available by Region are:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

 https://www.reliablebusinessinsights.com/global-peripheral-iv-catheter-market-r1172079

What are the Emerging Trends in the Global Peripheral IV Catheter(PIVC) market?

One emerging trend in the global PIVC market is the increasing adoption of safety-engineered devices to prevent needle stick injuries and infections. Another trend is the growing demand for catheters with antimicrobial coatings to reduce the risk of bloodstream infections. Current trends include the rising prevalence of chronic diseases requiring long-term intravenous therapy, driving the need for PIVC placements. Hospitals and healthcare facilities are also focusing on improving the efficiency and effectiveness of PIVC insertion techniques through training and education programs. Additionally, technological advancements, such as ultrasound-guided PIVC placement, are gaining popularity in the market.

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Major Market Players

B. Braun Melsungen, Smith Medical, and Becton Dickinson (BD) are some of the prominent players in the Peripheral IV Catheter (PIVC) market. B. Braun Melsungen is known for its high-quality medical devices and has a strong market presence globally. Smith Medical is a subsidiary of Smiths Group plc and is a leading manufacturer of medical devices. Becton Dickinson (BD) is a well-established player in the healthcare industry, known for its extensive product portfolio that includes PIVCs.

The PIVC market has been witnessing steady growth due to the increasing prevalence of chronic diseases, rising demand for minimally invasive procedures, and advancements in technology for catheter devices. There is also a growing emphasis on infection control and patient safety, driving the adoption of PIVCs in healthcare settings.

The market size of the PIVC industry is expected to reach USD billion by 2027, with a CAGR of 7.1% during the forecast period. Becton Dickinson (BD) reported sales revenue of USD 17.5 billion in 2020, showcasing its strong market position and revenue generation in the healthcare sector. Similarly, B. Braun Melsungen and Smith Medical have also seen significant growth in sales revenue in recent years, reflecting the increasing demand for PIVCs and related medical devices.

Some of the latest trends in the PIVC market include the introduction of antimicrobial-coated catheters, improved insertion techniques for patient comfort, and the development of PIVC devices with advanced safety features to reduce the risk of complications. Companies like Argon Medical Devices and Teleflex are also innovating in the PIVC space with products that cater to specific patient needs and enhance overall clinical outcomes. Overall, the PIVC market is expected to continue its growth trajectory, with key players focusing on product innovation, strategic partnerships, and expansion in emerging markets to capitalize on the increasing demand for PIVCs.

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