Peripheral IV
Catheters Being Used for
Injecting
Contrast Media
The rising incidence of lifestyle-related diseases and chronic diseases, surging elderly population, increasing technological advancements, and augmenting healthcare spending will drive the peripheral intravenous (I.V.) catheter market at a CAGR of 6.0% during the forecast period (2016–2022). Moreover, the spurring demand for injectable drugs will support the market growth from $3.7 billion in 2015 to $5.5 billion by 2022. Such catheters are threaded into the veins to administer drugs or draw blood for diagnosis and therapy evaluation.
The usage of peripheral IV catheters has increased on account of the burgeoning cases of chronic disorders and mounting healthcare expenditure in developing and developed countries. An escalation in the healthcare spending has facilitated the accessibility to affordable treatments for different medical conditions. The World Health Organization (WHO) states that chronic diseases, namely cancer and cardiovascular diseases (CVDs), account for nearly 9.6 million and 17.9 million deaths, respectively, annually. Additionally, the Global Cancer
Observatory (GLOBOCAN) estimates that around 783,000 deaths were caused due to gastric cancer in 2018.
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Peripheral IV catheters facilitate intravenous administration of psycholeptics, analgesics, intravenous fluids, and antibiotics. The utilization of these advanced catheters has reduced the incidence of bloodstream infections and hematoma- related complications. Besides, the application of integrated/closed and short peripheral IV catheters aids in preventing the transfer of blood-borne pathogens to other people in healthcare facilities, such as hospitals, clinics, and ambulatory surgery centers (ASCs). These catheters are also used during the diagnosis and treatment of renal, pediatric, and infectious diseases.
Moreover, the booming geriatric population will act as a catalyst for the
peripheral I.V. catheter market growth, as old people have a weak regenerative ability and are susceptible to chronic diseases such as cancer, CVDs, and
diabetes. According to the National Institutes of Health (NIH), nearly 75%–85%
of the individuals in the U.S. elderly care facilities suffer from chronic pain.
According to the United Nations Department of Economic and Social Affairs (UNDSEA), by 2050, the U.S., India, Brazil, and China will host 84.8 million, 225.4 million, 52.0 million, and 356.6 million people aged 65 years and above, respectively.
In recent years, the usage of closed peripheral I.V. catheters has significantly increased in computed tomography (CT) processes, as they help in injecting contrast agents that enhance the quality of the images. Such catheters are made from polyurethane material and can resist pressures of over 300 pounds per
square inch (psi). Owing to their high-pressure resistance with minimal reduction in flexibility, they are suitable for CT imaging applications. Moreover, these
catheters provide higher safety as compared to traditional catheters.
Geographically, the North American peripheral I.V. catheter market generated the highest revenue in the past, and it is expected to maintain its dominance throughout the forecast period. This can be attributed to the growing geriatric population, soaring demand for injectable drugs, and rising healthcare spending. Additionally, the escalating awareness regarding innovative
treatments, augmenting healthcare expenditure, and surging focus on curtailing needlestick injuries will encourage the usage of these catheters in developing countries like China, Brazil, and India. Thus, these nations are expected to generate huge opportunities for market players in the future.
Thus, the rising prevalence of chronic and lifestyle-related diseases and a huge geriatric population will increase the usage of peripheral IV catheters in the coming years.
This research offers actual historical market size for the period 2012 – 2014, estimate for 2015, and forecast for the period 2016 – 2022 of the global Peripheral I.V. Catheter market in terms of value and volume, in the U.S. dollars and Million Units respectively.
GLOBAL PERIPHERAL I.V. CATHETER MARKET
• By Type – Short Peripheral I.V. Catheter and Integrated/Closed Peripheral I.V. Catheter
• By Technology – Safety Peripheral I.V. Catheter and Conventional Peripheral I.V.
Catheter
• By Clinical Area – Oncology, Gastroenterology, Renal Diseases, Pediatric Diseases, Infectious Diseases and Others
• By End Users – Hospitals, Clinics, Ambulatory Surgery Centers, Home Healthcare and others
• By Region – North America, Central and Eastern Europe, Western Europe, Asia-Pacific, Latin America and Middle East and Africa
GLOBAL PERIPHERAL I.V. CATHETER MARKET, BY TYPE
• Short Peripheral I.V. Catheter Market
• Integrated/Closed Peripheral I.V. Catheter Market
GLOBAL PERIPHERAL I.V. CATHETER MARKET, BY TECHNOLOGY
• Safety Peripheral I.V. Catheter Market
• Conventional Peripheral I.V. Catheter Market
GLOBAL PERIPHERAL I.V. CATHETER MARKET, BY CLINICAL AREA
• Peripheral I.V. Catheter Market for Oncology
• Peripheral I.V. Catheter Market for Gastroenterology
• Peripheral I.V. Catheter Market for Renal Diseases
• Peripheral I.V. Catheter Market for Pediatric Diseases
• Peripheral I.V. Catheter Market for Infectious Diseases
• Peripheral I.V. Catheter Market for Other Clinical Areas GLOBAL PERIPHERAL I.V. CATHETER MARKET, BY END USER
• Peripheral I.V. Catheter Market for Hospitals
• Peripheral I.V. Catheter Market for Ambulatory Surgery Centers (ASCs)
• Peripheral I.V. Catheter Market for Clinics
• Peripheral I.V. Catheter Market for Home Healthcare
• Peripheral I.V. Catheter Market for Other End Users
GLOBAL PERIPHERAL I.V. CATHETER MARKET, BY GEOGRAPHY North America Peripheral I.V. Catheter Market
• By country – U.S, Canada, and Rest of North America
• By Type
• By Technology
• By Clinical Area
• By End User
Western Europe Peripheral I.V. Catheter Market
• By Country – U.K., Germany, France, and Rest of Western Europe
• By Type
• By Technology
• By Clinical Area
• By End User
Central and Eastern Europe Peripheral I.V. Catheter Market
• By Country – Russia and Rest of Central and Eastern Europe
• By Type
• By Technology
• By Clinical Area
• By End User
Asia-Pacific Peripheral I.V. Catheter Market
• By Country – China, Japan, India, and Rest of Asia-Pacific
• By Type
• By Technology
• By Clinical Area
• By End User
Latin America Peripheral I.V. Catheter Market
• By Country – Brazil, Mexico and Rest of Latin America
• By Type
• By Technology
• By Clinical Area
• By End User
Middle East and Africa Peripheral I.V. Catheter Market
• By Country – GCC Nations, South Africa, and Rest of Middle East and Africa
• By Type
• By Technology
• By Clinical Area
• By End User
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