India Peripheral Catheters Market

SKU: DMMD2772 | Last Updated On: Aug 30 2022 | Available Formats

> India Peripheral Catheters Market Expected to reach a high CAGR of 5.80%during the forecast period 2022-2029:

India Peripheral Catheters Market is segmented By Product Type (Peripheral Intravenous Catheters (PIVC), Integrated/Closed catheters (Closed with Extension Set, Closed PIVC), Short Peripheral IV Catheter (Ported PIVC, Non-Ported PIVC), Midline Peripheral Catheters, Central Venous Catheters (CVC) (Peripherally Inserted Central Catheters (PICC) (Power Injected, Conventional), Tunneled Central Venous Catheter, Non-Tunneled Central Venous Catheter)), By Design Type (Single Lumen, Double Lumen, Multiple Lumen, Others), By Patient Age Group (Adult, Pediatric, Neonatal), By Clinical Area (Oncology, Renal Disease, Gastroenterology, Infectious Disease, Others), By End-User (Hospitals, Ambulatory Surgery Centers, Home Healthcare, Clinics, Diagnostic Centers, Others), and By Region (Delhi, Pune, Chennai, Hyderabad, Bangalore, Rest of India) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

India Peripheral Catheters Market size was valued at USD 78.1 million in 2021 and is estimated to reach at a compound annual growth rate (CAGR) of 5.80% over the forecast period 2022 to 2029. The peripheral intravenous catheter is a small tube that is placed in the peripheral vein for the direct administering of medications into circulation. These catheters are also used for withdrawing blood for testing purposes. Advanced catheters are integrated with more safety features that prevent needlestick injuries. The peripheral IV catheters and the circulatory system are in direct contact, which is why they are produced using silicone, which is non-irritant in nature. It does not have any side effects even if the IV catheters are in long-term contact with the circulatory system. The Indian peripheral catheters market is growing due to several factors such as a 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. 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.

Healthcare physicians prefer peripheral IV catheters 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 it's 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 are increasing.

Companies are focusing on entering new markets, especially in emerging countries with innovative technologies and diversified product portfolios. This will increase its sales and revenue in target countries and consolidate its position in India's PICC market.

One of the major threats faced in the PICC 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.

Geographically, the market is segmented into five major regions: North India, South India, East India, and South India.

Market Key Players

Some of the major players in the peripherally inserted central catheter market are AngioDynamics, Inc., Teleflex Incorporated, B. Braun Melsungen AG, Medtronic plc, Vygon S.A, Cook Medical, Inc., Becton, Dickinson and Company, Boston Scientific Corporation, among others. The established and 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 market penetration rate.

The vendors are increasingly focusing on implementing inorganic growth strategies to expand their presence in the market.

The market players operating in the Peripherally Inserted Central Catheter market are adopting various strategies such as acquisitions, mergers, and expansions to gain maximum market share in their business. For instance, In December 2017, Becton, Dickinson, and Company acquired C. R. Bard, Inc. The acquisition helped BD evolve as the largest healthcare company with business expansion into temperature management and many other sectors.

India Peripheral Catheters Market Scope

Metrics

Details

Market CAGR

5.80%

Segments Covered

 By Product Type, By Design Type, By Patient Age Group, By Clinical Area, By By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

Trending Topics

Peripherally Inserted Central Catheter Market

Continuous Peripheral Nerve Block Catheters Market

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