Peripheral IV CatheterPIVC Market Trends, Growth Opportunities, and Forecast Scenarios
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What is Peripheral IV CatheterPIVC?
The Peripheral Intravenous Catheter (PIVC) market has witnessed significant growth in recent years due to the increasing prevalence of chronic diseases and the rising number of surgical procedures globally. This growth is further fueled by technological advancements in PIVC products, such as the development of safety-engineered devices to reduce the risk of needlestick injuries. The market is also being driven by the growing demand for minimally invasive procedures and the expanding geriatric population. As healthcare institutions continue to prioritize patient comfort and safety, the demand for PIVC devices is expected to expand further in the coming years.
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Market Segmentation Analysis
The Peripheral IV Catheter (PIVC) market includes various types such as Short PIVC and Integrated/Closed PIVC. Short PIVC are commonly used for short-term intravenous therapy, while Integrated/Closed PIVC offer a closed system to reduce the risk of infection.
In terms of applications, the PIVC market caters to a wide range of healthcare settings including Hospitals, Ambulatory Surgical Centers, Clinics, Home Use, and others. These facilities rely on PIVC to provide essential intravenous therapy to patients in need of medical treatment.
Country-level Intelligence Analysis
The growth of the Peripheral IV Catheter (PIVC) market is expected to be robust across the North America (NA), Asia-Pacific (APAC), Europe, United States (USA), and China regions. Among these regions, North America is projected to dominate the market with a significant market share percentage valuation. This can be attributed to the increasing prevalence of chronic diseases and the high adoption rate of advanced medical technologies in the region. The Asia-Pacific region is also expected to witness substantial growth in the PIVC market, driven by factors such as improving healthcare infrastructure and rising healthcare expenditure.
Companies Covered: Peripheral IV CatheterPIVC Market
Peripheral IV catheters (PIVC) are commonly used in healthcare settings to administer medications, fluids, and blood products. Companies like B. Braun Melsungen, Smith Medical, Becton Dickinson (BD), Medline Industries, Terumo Corporation, Bard Access, Tangent Medical, C.R. Bard, Argon Medical Devices, Teleflex, and Vascular Pathways are key players in the PIVC market.
Market leaders like B. Braun Melsungen and Becton Dickinson have a strong presence and established reputation in the industry, while new entrants like Tangent Medical and Vascular Pathways bring innovative technologies and solutions to the market.
These companies can help grow the PIVC market by expanding their product offerings, developing advanced technologies, and enhancing product efficiency and patient comfort. By investing in research and development, marketing strategies, and partnerships with healthcare providers, these companies can drive market growth.
B. Braun Melsungen: $8.0 billion (2019)
Becton Dickinson (BD): $17.1 billion (2019)
C.R. Bard (acquired by Becton Dickinson): $3.9 billion (2016)
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