Persistence Market Research has recently published an in-depth analysis of the global peripheral IV catheter market, offering a detailed evaluation of key market dynamics, including drivers, trends, opportunities, and challenges. The report provides exclusive data and statistical insights that highlight the expected growth trajectory of the peripheral IV catheter market from 2025 to 2032.
Key Insights:
Peripheral IV Catheter Market Size (2025E):US$ 5,728.0 Mn
Projected Market Value (2032F): US$ 16,385.0 Mn
Global Market Growth Rate (CAGR 2025 to 2032): 16.2%
Peripheral IV Catheter Market - Report Scope
A peripheral intravenous (IV) catheter is a medical device used to deliver fluids, medications, and nutrients directly into a patient's bloodstream. It is widely used in hospitals, clinics, and ambulatory care settings for short-term therapies. The increasing prevalence of chronic diseases, growing demand for minimally invasive procedures, and advancements in catheter technology are fueling the growth of this market. Additionally, the rising number of hospitalizations and emergency cases has led to an increased need for efficient and safe intravenous access, further boosting market expansion.
Market Growth Drivers
The global peripheral IV catheter market is driven by several key factors, including the rising prevalence of chronic illnesses such as diabetes, cardiovascular diseases, and cancer, which require frequent administration of medications via IV routes. The growing geriatric population, which is more prone to hospitalization, is also contributing to market demand. Technological advancements in catheter materials, such as the introduction of antimicrobial coatings and safety catheters, have improved patient outcomes and reduced infection risks. Additionally, the increasing adoption of home healthcare services and point-of-care treatments is further supporting market growth.
Market Restraints
Despite promising growth prospects, the peripheral IV catheter market faces challenges such as complications related to catheter insertion, including infections, thrombosis, and phlebitis. The risk of needlestick injuries and catheter-related bloodstream infections (CRBSIs) poses a significant concern for healthcare providers. Moreover, stringent regulatory requirements for medical device approvals and the high costs associated with advanced catheter systems may hinder market penetration, particularly in price-sensitive regions.
Market Opportunities
The peripheral IV catheter market presents significant growth opportunities driven by continuous advancements in catheter technology, including the development of closed-system catheters and needle-free connectors. Increasing investment in healthcare infrastructure, particularly in emerging economies, is expected to create lucrative opportunities for market players. Additionally, the rising trend of outpatient care and home-based treatments provides new avenues for manufacturers to introduce user-friendly and cost-effective catheter solutions.
Key Questions Answered in the Report:
What are the primary factors driving the growth of the peripheral IV catheter market globally?
How do advancements in catheter technology impact market trends?
What are the key regulatory challenges affecting market expansion?
Who are the leading players in the market, and what strategies are they implementing to maintain their competitive position?
What are the emerging trends and future growth prospects in the global peripheral IV catheter market?
Competitive Intelligence and Business Strategy
Leading players in the global peripheral IV catheter market, including BD (Becton, Dickinson and Company), Smiths Medical, Terumo Corporation, and B. Braun Melsungen AG, are focusing on product innovation, strategic partnerships, and mergers & acquisitions to strengthen their market presence. These companies invest in R&D to develop advanced catheter solutions with enhanced safety features and improved patient comfort. Additionally, collaborations with hospitals and healthcare institutions facilitate product adoption and market expansion. Sustainability initiatives, such as eco-friendly catheter production and waste management solutions, are also gaining traction among key industry players.
Key Companies Profiled:
Becton, Dickinson and Company
B. Braun Melsungen AG
Smiths Group plc.
Terumo Corporation
Venner Medical
Vygon
Teleflex Incorporated
C. R. Bard, Inc.
NIPRO Medical Corporation
Argon Medical Devices, Inc.
Key Segments Covered in Industry Research
By Product:
Short Peripheral IV Catheter
Ported PIVC
Non-Ported PIVC
Integrated/Closed PIVC
Closed with Extension Sets
Closed PIVC
By Technology:
Conventional PIVC
Safety PIVC
Closed with Extension Set
Active PIVC with Blood Control
Passive PIVC with Blood Control
Active PIVC
Passive PIVC
By End User:
Hospitals
Ambulatory Surgical Centers (ASCs)
Clinics
Home Use
Others
By Region:
North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa
Table of Contents
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-Side Trends
1.4. Technological Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions and Exclusions
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Development/Innovation Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. New Product Launches
4.3. Value chain Analysis
4.4. PESTEL Analysis
4.5. Porter's Analysis
4.6. Product Features/ USPs
4.7. Key Promotional Strategies, By Key Manufacturers
4.8. Regulatory Landscape
5. Market Background
5.1. Macro-Economic Factors
5.1.1. Global GDP Growth Outlook
5.1.2. Global Healthcare Expenditure
5.1.3. Global Peripheral Vascular Devices Market Overview
5.2. Forecast Factors - Relevance & Impact
5.2.1. Key Player's Historic Growth
5.2.2. Market Consolidation Activities
5.2.3. New Product Launches / Approvals
5.2.4. Increasing IV drug approvals
5.2.5. Rising Chronic Incidences like cancers
5.2.6. Increasing Demand of Peripheral IV Catheter
5.2.7. Rise in Approval of Parenteral Drugs
5.3. Market Dynamics
5.3.1. Drivers
5.3.2. Restraints
5.3.3. Opportunity Analysis
6. COVID-19 Crisis - Impact Assessment
6.1. COVID-19 and Impact Analysis
6.1.1. By Product
6.1.2. By Technology
6.1.3. By End User
6.1.4. By Region
6.2. 2021 Market Scenario
7. Global Peripheral IV Catheter Market Demand Volume (Units) Analysis 2019-2024 and Forecast, 2025-2032