The global peripheral intravenous (I.V.) catheters market is growing significantly, due to the increasing healthcare provider’s compliance for blood transfusion. The high replacement rate of peripheral I.V. catheters and the massive unexplored peripheral I.V. catheters market in the emerging economies are creating ample opportunities for the growth of the global peripheral I.V. catheters market. The advanced research and development activities and new product developments by the major players are creating the demand for cost effective and efficient peripheral I.V. catheters, which is fueling the growth of the global peripheral intravenous (I.V.) catheters market. The global peripheral I.V. catheters market can be categorized on the basis of its applications, into short peripheral I.V. catheters and integrated or closed catheters.
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The global peripheral I.V. catheters market is witnessing a trend of increasing usage and development of power-injectable closed catheters. However, several complications associated with peripheral I.V. catheters, such as infection, phlebitis, extravasation and occlusion, pose as major challenges to the growth of the global peripheral I.V. catheters market.
Peripheral I.V. catheters are the medical devices used for the administration of fluids, medications and other solutions directly into the vein. Peripheral I.V. catheters are designed for peripheral access and extensively used for the treatment of critically ill patients. These catheters are commonly put into the veins of patient’s arms and hands, with the help of a needle. The needle is then withdrawn and the peripheral I.V. catheter is left in vein. Peripheral I.V. catheters are made up of different materials, such as silicone and teflon. Depending upon the type of materials used, the length of time to replace peripheral I.V. catheters varies from a single day to weeks.
Some of the factors driving the growth of the global peripheral I.V. catheters market are increasing patient compliance for surgical treatment, high healthcare expenditure, and increasing incidences of cancer, infectious diseases and chronic kidney diseases. In addition, the aging population, technological advancements and high replacement rate of peripheral I.V. catheters are also fueling the growth of the global peripheral I.V. catheters market. However, complications associated with the usage of peripheral I.V. catheters and high cost of these devices are some of the factors restraining the growth of the global peripheral I.V. catheters market to some extent.
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Geographically, North America leads the global peripheral I.V. catheters market due to high patient compliance for surgical treatment, increasing healthcare expenditure, aging population, and high prevalence of infectious diseases, cancer and chronic kidney diseases. In addition, the technological advancements and high investment by major players, for the development of peripheral I.V. catheters, are fueling the growth of the peripheral I.V. catheter market in North America. Asia-Pacific is the fastest growing region in the global peripheral I.V. catheters market, which is driven by improving healthcare infrastructure, increasing healthcare expenditure, and high prevalence of cancer, infectious diseases and chronic kidney diseases. is the other factors contributing to the rapid growing include increasing compliance for peripheral I.V. catheters among healthcare providers, increasing number of surgical procedures and improving healthcare infrastructures in emerging economies, such as India and China.
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Some of the major players operating in the global peripheral I.V. catheter market are B. Braun Melsungen AG, Teleflex Incorporated, Smiths Medical, Becton, Dickinson and Company, Terumo Corporation, VIGMED AB, Tangent Medical Technologies Inc., Vygon, Argon Medical Devices Inc., Medical Components Inc., and C.R. Bard Inc.
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