Market Overview:
The peripheral intravenous catheter is a small tube that is placed in the peripheral vein for direct
administering of medications into the circulation. These catheters are also used for withdrawing
blood for testing purposes. Advanced catheters are integrated with more safety features that
prevent needlestick injuries.
Market Size Growth Rate:
According to the research report published by the DataM Intelligence, the North America peripheral
catheters market size was valued at USD XX billion in 2021, it is projected to reach at USD XX billion
by 2029, with growth at a CAGR of XX% over the forecast period 2022-2029.
Peripheral IV catheters are more preferred by healthcare physicians in recent years as they find
these catheters as 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 in the arm and
versatile for other clinical needs. Technological advancements in PICCs and recent demand based
innovations such as the introduction of anti-microbial PICCs and anti- thrombogenic PICCs is
increasing. Companies are focusing on entering new markets especially in emerging countries with
innovative technologies and diversified product portfolio. This will increase its sales and revenue in
target countries and also consolidate their position in the market.
Market Drivers:
The North America peripheral catheters market is growing due to several factors such as growing
geriatric population, rising prevalence of chronic diseases, and growing healthcare expenditure. Also,
the growing technological advancements in peripheral I.V. catheters are further propelling the
growth of the market. The peripheral IV catheters have a major benefit of administering medicine
directly into the flow of blood which is the reason it is commonly used for patients undergoing
surgeries, emergency patients, pediatric patients, geriatric patients and patients who are unable to
swallow food. Such factors shall boost the peripheral intravenous catheters market growth.
Market Restraints:
However, the need for trained healthcare professionals and the pain associated with the insertion
procedure along with the expense of closed catheters shall impede the market growth to a certain
extent. One of the major threat faced in peripheral catheters market is the high risk of catheter
related bloodstream infection in patients who undergo catheter insertions. This occurs when the
peripheral catheters are being inserted. The risk factors associated with PICCs are distinctly different
from peripheral intravenous lines because of their long dwell time, central placement, and potential
to migrate.
Market Opportunities
The growing adoption of peripheral catheters in sub centers and primary health care centers is
expected to provide good opportunity to the players operating in the peripheral catheters market.
These PHC and sub centers are largely operated by the government in the large part within the
country. The purchase is done by government itself in bulk by the vendors. Those vendors who
provide these catheters in low price with good quality is allotted for the supply. In addition, the
pregnant women's visiting the centers for their delivery is another factor which is a good
opportunity for the market growth.
COVID-19 Impact Analysis
The health emergency owing to the COVID-19 pandemic has led to a series of dramatic changes in
the routine of the clinical practice, requiring the revision of several decision-making processes, the
re-organization of treatment units, and the reformulation of protocols and procedures. In the
practice of venous access - which is essential for the appropriate treatment of COVID-19 patients - it
was necessary to review the criteria for the selection, insertion and maintenance of the various
devices currently present in the hospitals. In the COVID-19 patient in ICU, a central venous access:
PICC, FICC (femorally inserted central catheter), or CICC (centrally inserted central catheter) is
recommended.
Recent Developments in the Industry:
1. In September 2021, Cardiovascular Systems, Inc. (CSI) launched the ViperCross peripheral
support catheter, which has received FDA 510(k) clearance.
2. In November 2019, Terumo Corporation has acquired Aortica Corporation, a U.S.-based
company dedicated to advancing the science of personalised vascular therapy to transform
the treatment of aortic disease worldwide.
Market Segmentation:
As per the research analysis, the peripheral catheters market is segmented by product type into
peripheral intravenous catheters (PIVC), midline peripheral catheters, central venous catheters
(CVC). Based on design type, the market is classified into single lumen, double lumen, multiple
lumen. Further on the basis of clinical area, the market is segmented into oncology, renal disease,
gastroenterology, infectious disease, others. On the basis of patient age group, it is dived into adult,
pediatric, neonatal and by end user it is further segmented into hospitals, ambulatory surgery
centers, home healthcare, clinics, diagnostic centers, others.
1. By product type, the peripheral Intravenous Catheters (PIVC) segment is estimated to grow
at highest CAGR during the forecast period (2022-2029). Peripheral Intravenous Catheters
(PIVC) segment is estimated to account for a share of approximately 54.0% of the North
America peripheral catheters market in 2020. Peripheral intravenous catheter is a
sophisticated medical device widely used to deliver certain fluids, especially medicines, into
a patient’s body through a vein. It is considered ideal for easy, direct administration of
antibiotics, IVs, analgesics, and psycoleptics. It plays a vital role in prevention of blood-borne
pathogenic infections. These attributes are currently driving the market.
2. Based on design type, the multiple lumen market is estimated to grow at a CAGR of 8.14%
during the forecast period (2022-2029). The multiple lumen central venous catheters are
part of a complete line of critical care catheters offered with no natural rubber latex
components in order to reduce the risk of patient latex allergy or hypersensitivity, without
compromising performance. In many medical procedures, more than one activity takes place
through the same device. Multi-lumen catheters tubes allow for flushing and aspiration,
heating and cooling, the flow of liquid and the passage of air, and the infusion of drugs while
monitoring flow rates.
Geographical Classification:
The North America Peripheral Catheters market is segmented into major countries including US,
Canada, and Mexico.
US Peripheral Catheters Market:
In North America 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 of private and government hospitals which is providing facility for catheterization.
Competitive Analysis:
The North America 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 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.
Major Companies:
C.R. Bard, acquired by Becton Dickinson (BD), is the one of the leading competitor in this market due
to their 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.
Additional Benefits Post Purchase:
1) Unlimited Analyst support for a period of 1 year.
2) Any query with regards to the scope offered will be addressed within 24- 48 hours.
3) An excel sheet with market numbers will be provided separately.
The Full Report has the below insights:
• The report offers a comprehensive evaluation of the market in terms of Market Value
(US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical
data (2020-2021), and verifiable projections about market size during the forecast
period (2022-2029).
• Visualize the composition of the North America Peripheral Catheters market
segmentation by product type, design type, clinical area, patient age group, end user,
and country highlighting the key commercial assets and players.
o By Product Type: Peripheral Intravenous Catheters (PIVC), Midline Peripheral
Catheters, Central Venous Catheters (CVC)
o By Design Type: Single Lumen, Double Lumen, Multiple Lumen
o By Clinical Area: Oncology, Renal Disease, Gastroenterology, Infectious Disease,
Others
o By Patient Age Group: Adult, Pediatric, Neonatal
o By End User: Hospitals, Ambulatory Surgery Centers, Home Healthcare, Clinics,
Diagnostic Centers, Others
o By Country: US, Canada, Mexico
• Identify commercial opportunities in the North America Peripheral Catheters market by
analyzing trends and co-development deals.
• The report also covers data insights on various industry forces such as, porter’s five
forces, regulations in each country, technological advancements, supply chain analysis,
and pricing analysis.
• Excel data sheet with thousands of data points of North America Peripheral Catheters
market-level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive
qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players
• The report will provide access to approximately 50+ market data tables, 40+ figures, and
close to 180 pages.
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