PERIPHERAL INTRAVENOUS CATHETERS MARKET ANALYSIS

Peripheral Intravenous Catheter Market, By Product Type (Short PIVC (Ported PIVC, Non-ported PIVC), Integrated/Closed PIVC), By Technology (Conventional, Safety), By End User (Hospital, Clinics, Ambulatory Surgical Centers, Homecare Settings, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Oct 2023
Code : CMI3208
Pages :180
Formats :
Excel and PDF
Industry : Medical Devices

Peripheral Intravenous Catheters MarketSize and Trends

Global peripheral intravenous catheter market is estimated to be valued at US$ 7.4 Bn in 2023, and is expected to exhibit a CAGR of 8.3% during the forecast period (2023-2030).

Figure 1. Global Peripheral Intravenous Catheter Market Share (%), By Product Type, 2023

Global Peripheral Intravenous Catheter Market– Drivers

Increasing prevalence of major diseases: Increasing incidence of major diseases such as cancer, cardiac disorders, orthopedic disorders, etc. is expected to propel growth of the global peripheral intravenous catheter market over the forecast period. For instance, in September 2022, according to an article published by the National Center for Biotechnology Information (NCBI) Journal, the age-standardized point prevalence and annual incidence rates of orthopedic disorders and dysfunctions were 446.6 and 24.9 in 2021, indicating increase by 12.4% and 9.9% from 2010. Out of which, around 7,522 cartilage restoration procedures had been reported by the surgeons in the U.S.