Peripheral Intravenous Catheter Market Overview
As per MRFR analysis, the Peripheral Intravenous Catheter Market Size was estimated at 9.14 (USD Billion) in 2023. The Peripheral Intravenous Catheter Market Industry is expected to grow from 9.62 (USD Billion) in 2024 to 14.86 (USD Billion) by 2032. The Peripheral Intravenous Catheter Market CAGR (growth rate) is expected to be around 5.59% during the forecast period (2024 - 2032).
Key Peripheral Intravenous Catheter Market Trends Highlighted
Key market drivers for peripheral intravenous catheters include the increasing prevalence of chronic diseases, the growing adoption of minimally invasive surgeries, and technological advancements in catheter designs. Opportunities for market expansion lie in developing advanced catheters with enhanced safety features, antimicrobial coatings, and extended dwell times, as well as catering to the growing demand in emerging economies.
Recent trends in the market have witnessed a shift towards safety-engineered catheters, needleless connectors, and smart infusion systems. The market is also driven by the need for effective and convenient fluid delivery systems, leading to the adoption of peripherally inserted central catheters (PICCs) and midline catheters. These trends suggest a growing demand for specialized and innovative peripheral intravenous catheters that meet the evolving needs of healthcare professionals and patients.
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
Peripheral Intravenous Catheter Market Drivers
Increasing Prevalence of Chronic Diseases and Invasive Medical Procedures
The rising incidence of chronic diseases, such as cancer, diabetes, and cardiovascular conditions, has led to an increased demand for peripheral intravenous catheters. These diseases often require long-term treatment and frequent administration of medications and fluids, which necessitates the use of reliable and efficient intravenous access devices.
Additionally, the growing number of invasive medical procedures, including surgeries, biopsies, and diagnostic tests, has further contributed to the demand for peripheral intravenous catheters as they provide a safe and convenient means of administering fluids, medications, and other therapeutic agents.
Technological Advancements and Product Innovations
The Global Peripheral Intravenous Catheter Market Industry has witnessed significant technological advancements in recent years. Manufacturers are continuously investing in research and development to enhance the performance and safety of peripheral intravenous catheters. These advancements include the development of catheters with smaller diameters, improved materials, and enhanced safety features.
For instance, the introduction of catheters with antimicrobial coatings has reduced the risk of infections and improved patient outcomes.Furthermore, the development of needle-free and self-inserting catheters has enhanced patient comfort and ease of use.
Growing Focus on Patient Safety and Home Healthcare
The increasing emphasis on patient safety and the shift towards home healthcare has also driven the growth of the Global Peripheral Intravenous Catheter Market Industry. Peripheral intravenous catheters offer a safe and convenient method of administering medications and fluids in both hospital and home settings. The growing preference for home healthcare, particularly for chronic disease management and post-operative care, has led to an increased demand for peripheral intravenous catheters that are easy to use, reliable, and minimize the risk of complications.
Peripheral Intravenous Catheter Market Segment Insights
Peripheral Intravenous Catheter Market Product Type Insights
The Global Peripheral Intravenous Catheter Market segmentation by product type includes standard peripheral intravenous catheters, safety peripheral intravenous catheters, and implantable peripheral intravenous catheters. Standard peripheral intravenous catheters are the most common type, used for short-term intravenous therapy. Safety peripheral intravenous catheters have a safety mechanism to reduce the risk of needlestick injuries.
The growth of the market can be attributed to the increasing prevalence of chronic diseases, rising demand for minimally invasive procedures, and technological advancements in catheter design.Standard peripheral intravenous catheters dominate the market, accounting for the largest revenue share due to their widespread use in hospitals, clinics, and ambulatory surgical centers. Safety peripheral intravenous catheters are gaining popularity owing to their ability to prevent needlestick injuries, which is a major concern among healthcare professionals.
Implantable peripheral intravenous catheters are expected to experience steady growth due to their advantages in long-term intravenous therapy. The Global Peripheral Intravenous Catheter Market is highly competitive, with numerous global and regional players.Key industry participants are focused on developing innovative products and expanding their geographic reach to cater to the growing demand for peripheral intravenous catheters.
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
Peripheral Intravenous Catheter Market Material Insights
The Material segment of the Global Peripheral Intravenous Catheter Market is segmented into Polyurethane, Teflon, and Polyethylene. Polyurethane dominates the market, capturing over 55% of the revenue in 2023. Its high strength, flexibility, and biocompatibility make it suitable for various applications. Teflon is expected to grow at a CAGR of 4.2% during 2024-2032 due to its inert properties and resistance to chemical reactions. Polyethylene, with a market share of around 20%, offers cost-effectiveness and is commonly used in short-term IV applications.
Peripheral Intravenous Catheter Market Application Insights
The Global Peripheral Intravenous Catheter Market is segmented based on application into intravenous therapy, blood transfusion, and drug administration. Among these, intravenous therapy held the largest market share in 2023, accounting for over 60% of the global market revenue. This is primarily attributed to the increasing prevalence of chronic diseases, such as cancer and diabetes, which require long-term intravenous therapy.
The blood transfusion segment is also expected to witness significant growth over the forecast period, owing to the rising demand for blood transfusions in emergency situations and surgeries.The drug administration segment is anticipated to grow at a steady pace, driven by the increasing adoption of peripheral intravenous catheters for the administration of various drugs, including antibiotics, pain relievers, and chemotherapy drugs.
Peripheral Intravenous Catheter Market Needle Gauge Insights
The Needle Gauge segment is a crucial aspect of the Global Peripheral Intravenous Catheter Market, influencing market growth and segmentation. In 2024, the 16G segment held a significant market share, accounting for approximately 32% of the overall market revenue. This dominance is attributed to its versatility and widespread use in various clinical settings, including emergency and critical care units. The 18G segment follows closely, capturing around 28% of the market revenue in 2024. Its popularity stems from its suitability for administering fluids, medications, and blood transfusions.
Meanwhile, the 20G segment is projected to exhibit steady growth, reaching a market share of approximately 22% by 2032. This segment caters to specific applications such as pediatric and geriatric care, where smaller gauge catheters are preferred for patient comfort and reduced risk of complications. The market data suggests that the Needle Gauge segment will continue to drive industry growth, with increasing demand for minimally invasive and effective intravenous therapy solutions.
Peripheral Intravenous Catheter Market End User Insights
The end-user segment of the Global Peripheral Intravenous Catheter Market is categorized into hospitals, clinics, and ambulatory surgical centers. Hospitals are expected to hold the largest market share due to the high volume of patients requiring intravenous therapy and the presence of advanced medical infrastructure. In 2023, the hospital segment is estimated to account for around 60% of the Global Peripheral Intravenous Catheter Market revenue.
Clinics are projected to witness significant growth due to the increasing number of outpatient procedures and the convenience they offer to patients.Ambulatory surgical centers are anticipated to contribute a notable share of the market, driven by the growing demand for same-day surgeries.
Peripheral Intravenous Catheter Market Regional Insights
The regional segmentation of the Global Peripheral Intravenous Catheter Market offers valuable insights into the market's growth dynamics and competitive landscape. 'North America' is projected to account for a significant share of the Global Peripheral Intravenous Catheter Market revenue, driven by the presence of major market players, advanced healthcare infrastructure, and a high prevalence of chronic diseases. 'Europe' follows closely behind, with a robust healthcare system and a growing elderly population.
'APAC' is expected to witness substantial growth in the coming years, fueled by rising healthcare expenditure and increasing awareness about modern medical technologies.South America' and 'MEA' are also expected to contribute to the overall market growth, albeit at a slower pace. The Global Peripheral Intravenous Catheter Market is highly competitive, with key players focusing on product innovation, strategic partnerships, and geographical expansion to gain market share.
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
Peripheral Intravenous Catheter Market Key Players And Competitive Insights
Major players in the Peripheral Intravenous Catheter Market industry are focusing on product development and innovation to gain a competitive edge in the market. Leading Peripheral Intravenous Catheter Market players are investing heavily in research and development to introduce advanced products with improved features and functionalities.
The Peripheral Intravenous Catheter Market is characterized by the presence of intense competition among the top players. These players are continuously striving to gain market share by adopting various strategies such as product innovation, partnerships, and acquisitions.
The Peripheral Intravenous Catheter Market Competitive Landscape is expected to remain highly competitive in the coming years. Key players are likely to focus on expanding their product portfolios, increasing their geographic presence, and enhancing their distribution networks to cater to the growing demand for peripheral intravenous catheters.BD is a leading global medical technology company that provides a wide range of products and services to the healthcare industry.
The company's Peripheral Intravenous Catheter portfolio includes a variety of products designed to meet the needs of different patients and clinical settings. BD's Peripheral Intravenous Catheters are known for their high quality, reliability, and ease of use. The company has a strong distribution network and a global presence, which allows it to reach a wide range of customers. BD is committed to providing innovative and cost-effective solutions to meet the evolving needs of the healthcare industry.3M is a leading provider of healthcare products and services.
The company's Peripheral Intravenous Catheter portfolio includes a wide range of products designed for various applications. 3M's Peripheral Intravenous Catheters are known for their safety, effectiveness, and reliability. The company has a strong research and development program, which allows it to develop and introduce new products to meet the evolving needs of the healthcare industry.
3M has a global presence and a strong distribution network, which allows it to reach a wide range of customers. The company is committed to providing innovative and cost-effective solutions to improve patient outcomes and reduce healthcare costs.
Key Companies in the Peripheral Intravenous Catheter Market Include
- Vygon
- Merit Medical Systems, Inc.
- Becton, Dickinson and Company
- Convatec Group plc
- Cardinal Health
- Terumo Corporation
- Argon Medical Devices, Inc.
- Smiths Medical
- Baxter International Inc.
- Smith Nephew
- Braun Melsungen AG
- BD (Becton, Dickinson and Company)
- Asahi Intecc Co., Ltd.
- Medtronic plc
- Teleflex Incorporated
Peripheral Intravenous Catheter Market Industry Developments
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Q2 2024: B. Braun Launches Introcan Safety® 2 IV Catheter in the U.S. B. Braun Medical Inc. announced the U.S. launch of the Introcan Safety® 2 IV Catheter, designed to reduce needlestick injuries and improve patient safety, expanding its peripheral intravenous catheter portfolio.
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Q2 2024: Smiths Medical Announces FDA Clearance for Jelco Hypodermic Needle-Pro Edge Safety Device Smiths Medical received FDA clearance for its Jelco Hypodermic Needle-Pro Edge Safety Device, a new safety-engineered peripheral IV catheter designed to minimize needlestick injuries among healthcare workers.
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Q1 2024: Teleflex Receives CE Mark for Arrow® VPS Rhythm® DLX Device Teleflex Incorporated announced it has received CE Mark approval for its Arrow® VPS Rhythm® DLX Device, which assists in the placement of peripheral intravenous catheters, expanding its European market presence.
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Q2 2024: Vygon Group Acquires Medcaptain Peripheral IV Catheter Business Vygon Group completed the acquisition of Medcaptain's peripheral IV catheter business, strengthening its vascular access product portfolio and expanding its global reach in the intravenous therapy market.
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Q3 2024: Nipro Medical Corporation Opens New Manufacturing Facility in Georgia Nipro Medical Corporation inaugurated a new manufacturing facility in Georgia, USA, dedicated to the production of peripheral intravenous catheters to meet growing demand in North America.
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Q1 2024: Becton Dickinson appoints new president for Medication Delivery Solutions Becton Dickinson (BD) announced the appointment of a new president for its Medication Delivery Solutions segment, which includes the company's peripheral intravenous catheter business.
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Q2 2024: Vascular Pathways Announces Series B Funding to Advance PIVC Technology Vascular Pathways closed a Series B funding round to accelerate the development and commercialization of its next-generation peripheral intravenous catheter technology.
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Q2 2024: ICU Medical Launches NutriCathâ„¢ Peripheral IV Catheter for Neonatal Care ICU Medical introduced the NutriCathâ„¢ Peripheral IV Catheter, specifically designed for neonatal and pediatric patients, expanding its product offerings in the pediatric vascular access market.
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Q3 2024: Smiths Medical Partners with Medline for U.S. Distribution of Peripheral IV Catheters Smiths Medical entered into a partnership with Medline Industries for the exclusive U.S. distribution of its peripheral intravenous catheter products, aiming to enhance market penetration.
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Q1 2025: B. Braun Receives FDA Clearance for Next-Generation Peripheral IV Catheter B. Braun Medical Inc. received FDA clearance for its next-generation peripheral IV catheter, featuring advanced safety and infection prevention technologies.
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Q2 2025: Teleflex Expands Manufacturing Capacity for Peripheral IV Catheters in Malaysia Teleflex announced the expansion of its manufacturing facility in Malaysia to increase production capacity for peripheral intravenous catheters, supporting global demand.
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Q2 2025: Smiths Medical appoints new CEO to drive growth in vascular access business Smiths Medical named a new CEO, with a strategic focus on expanding its vascular access and peripheral intravenous catheter business.
Peripheral Intravenous Catheter Market Segmentation Insights
Peripheral Intravenous Catheter Market Product Type Outlook
- Standard Peripheral Intravenous Catheters
- Safety Peripheral Intravenous Catheters
- Implantable Peripheral Intravenous Catheters
Peripheral Intravenous Catheter Market Material Outlook
- Polyurethane
- Teflon
- Polyethylene
Peripheral Intravenous Catheter Market Application Outlook
- Intravenous Therapy
- Blood Transfusion
- Drug Administration
Peripheral Intravenous Catheter Market Needle Gauge Outlook
Peripheral Intravenous Catheter Market End User Outlook
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Peripheral Intravenous Catheter Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2023 |
9.14 (USD Billion) |
| Market Size 2024 |
9.62 (USD Billion) |
| Market Size 2032 |
14.86 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.59% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Vygon, Merit Medical Systems, Inc., Becton, Dickinson and Company, Convatec Group plc, Cardinal Health, Terumo Corporation, Argon Medical Devices, Inc., Smiths Medical, Baxter International Inc., Smith Nephew, B. Braun Melsungen AG, BD (Becton, Dickinson and Company), Asahi Intecc Co., Ltd., Medtronic plc, Teleflex Incorporated |
| Segments Covered |
Product Type, Material, Application, Needle Gauge, End User, Regional |
| Key Market Opportunities |
Increasing demand from emerging markets Advancements in technology Growing prevalence of chronic diseases Rising geriatric population Expansion of home healthcare services |
| Key Market Dynamics |
Rising demand for minimally invasive procedures Technological advancements Increasing healthcare expenditure Growing prevalence of chronic diseases Expansion of home healthcare |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ):
The Peripheral Intravenous Catheter Market is expected to reach USD 3.2 billion by 2032, growing at a CAGR of 3.29% from 2024 to 2032.
The increasing prevalence of chronic diseases, growing demand for minimally invasive procedures, and advancements in catheter technology are the primary factors propelling the market growth.
North America is anticipated to dominate the market throughout the forecast period due to the presence of well-established healthcare infrastructure and high adoption of advanced medical technologies.
Peripheral intravenous catheters are primarily used for the administration of fluids, medications, and blood transfusions, as well as for monitoring hemodynamic parameters.
Major players in the market include Becton, Dickinson and Company, Teleflex Incorporated, Smiths Medical, and Medtronic plc.
Emerging economies, such as China and India, present significant growth opportunities due to rising healthcare expenditure, increasing population, and growing demand for advanced medical devices.
Technological advancements, such as the development of antimicrobial catheters and smart catheters, are expected to drive market growth by enhancing patient safety and procedural efficiency.
Challenges include stringent regulatory requirements, intense competition, and the risk of catheter-related complications.
The market is expected to witness increasing demand for peripherally inserted central catheters (PICCs) and midline catheters, along with a growing focus on patient safety and infection prevention.
The Peripheral Intravenous Catheter Market is anticipated to continue its growth trajectory, driven by technological advancements, rising healthcare expenditure, and the increasing prevalence of chronic diseases.
