How To Make North America Peripheral Catheters Market

How To Make North America Peripheral Catheters Market

Chronic disease is leading causes of death and disability and leading drivers of the United States $3.5 Trillion in Annual Health Care Costs.

2022-05-04

Peripheral catheters are more preferred by healthcare physicians in recent years as they find these catheters a convenient and reliable tool to obtain venous access. Doctors have increasingly gravitated to using them in a wide range of patients because its easy to insert into the arm and versatile for other clinical needs. The North American peripheral catheter market is growing due to several factors such as the growing geriatric population, rising prevalence of chronic diseases, and growing healthcare expenditure. Also, the growing technological advancements in peripheral catheters are further propelling the growth of the market.

Growing prevalence of coronary artery diseases (CADs)

Chronic disease is the leading cause of death and disability and the leading driver of the United States' $3.5 Trillion in Annual Health Care Costs. As per the National Center for Chronic Disease Prevention and Health, 6 in 10 adults in the US have a chronic disease at some point in their lives. Increasing utilization of peripheral intravenous catheters in the treatment of these chronic diseases, leading to hospitalization is anticipated to drive the market over the forecast period. 

People suffering from cardiovascular diseases or those who are at high cardiovascular risk also need early detection and management. As per the American Heart Association Research Report 2018, Cardiovascular disease is listed as the underlying cause of death, accounting for nearly 836,546 deaths in the United States. This is nearly 1 out of every 3 deaths in the country and about 2,300 Americans die of cardiovascular disease each day, which is an average of 1 death every 38 seconds. Therefore, the increasing burden of cardiovascular diseases, including coronary artery diseases, is anticipated to boost the usage of peripheral catheters and drive the market over the forecast period.

The growing popularity of integrated peripheral intravenous catheters to drive market growth

The use of integrated/closed intravenous catheters is rapidly increasing over conventional intravenous (IV) catheters due to the capacity of integrated catheters to apply power while injecting medicine into the circulation. Integrated/Closed catheters are used for injecting contrast media into the circulation system before computed tomography (CT) imaging. Many self-catheterization kits come with an inducer tip that aids in bypassing the greatest amount of bacteria concentrated in the first few millimeters of the urethra.

The integrated peripheral intravenous catheter also reduces the risk of contamination and infection as well as accidental disconnection owing to being equipped with some advanced special features that truly set this catheter type apart. For instance, these catheters are sometimes called “touchless” or “no-touch” catheters because fingers will never have to directly touch the catheter tube.

Most integrated/closed system catheters are perfect for travel or carrying. It’s also convenient for most people because it comes ready to use. Some closed system catheters also offer gripping aids or easy-to-open packaging for those who have limited hand dexterity, such as people with spinal cord injuries or severe arthritis.

Closed PIVC integrates advanced catheter stabilization to help cost-effectively comply with nursing guidelines while maximizing patient outcomes. NovaCath is the first and only peripheral IV catheter designed to reduce catheter movements in all directions with an advanced stabilization frame that absorbs forces away from the insertion site integrating closed extension set technology.

By integrating closed extension set technology, this catheter also helps in simplify and standardize the IV catheter setup process, while reducing the risk of exposure to bloodborne pathogens. As a result, maximizing catheter stabilization may help your efforts to minimize catheter movement and associated complications.

Moreover, Closed PIVCs management could be a groundbreaking approach that adds knowledge updates to the scope of professional nursing practice for nurses involved in peripheral cannula patients. In common this scope needs to be investigated as it will help the practitioner nurse to conversant with relevant research underpinning the practical aspects of the nursing procedure involved in the catheter.

In a catheterization device with a fast and painless puncture system, to protect the user and prevent accidentally being injured with the tip. Closed PIVC with a safety system, is to prevent accidental punctures consisting of a bellows-type flexible tub. These factors are driving the growth of the segment.

DataM Intelligence - In the North American region, the United States holds the dominant share of about 43% in 2020, followed by Canada. The United States is the most lucrative market for peripheral catheters. The growth in the region is due to the well-established healthcare infrastructure, favorable government initiatives, and numerous private and government hospitals which is providing facilities for catheterization. The North American peripheral catheters market is a fairly consolidated market with the market being dominated by the top 5 companies. The established as well as emerging companies are increasingly focusing on the launch of advanced products to expand their market share. Companies are also focusing on gaining approval for innovative technological PICC Catheters in the market, which is likely to expand their penetration rate in the market. C.R. Bard, acquired by Becton Dickinson (BD), is one of the leading competitors in this market due to its strong market share in the implantable ports and PICCs market, but also held a significant share in the port needles market. Additional competitors in this market include B. Braun, Teleflex, Cook Medical, Argon Medical Devices, Vygon S.A, Medtronic, and Baxter among others.

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