The “Global IV Catheters Market – Focused Insights 2024-2029” report is now available on ResearchAndMarkets.com.
The global IV catheters market reached USD 4.93 billion in 2023 and is anticipated to hit $6.64 billion by 2029, with a CAGR of 5.04%.
Key Players and Market Dynamics: Leading players such as BD, B Braun, Terumo, Teleflex, ICU Medical, and Nipro Medical dominate the market through strategic acquisitions and collaborations. Factors driving market growth include the expanding population with chronic diseases, rising hospitalization rates, and high usage of CIVCs in chemotherapy.
Peripheral IV Catheters (PIVCs): PIVCs hold the largest market share due to their increasing adoption driven by hospital admissions and the aging population. Short PIVCs are widely used in acute care settings, especially in oncology patients, contributing significantly to market growth.
Central IV Catheters (CIVCs): Peripheral inserted central catheters (PICCs) hold over 45% of the CIVCs market share, driven by rising awareness, concern for needlestick injuries, and increasing hospitalizations. The multi-lumen design segment is growing rapidly due to its ability to facilitate multiple access points and reduce catheter insertions.
Geographical Insights: In North America, the U.S. dominates the market due to factors like an aging population, increased hospitalization rates, and demand for advanced safety catheters. Italy leads in Europe with a significant growth rate, driven by an overuse of emergency departments and increasing demand for advanced CIVCs. India emerges as the fastest-growing region in the APAC market due to rising hospitalization rates for various chronic diseases. Brazil leads in Latin America, witnessing rapid growth due to increased healthcare expenditures from government, private players, and individuals.
Overall, the global IV catheters market shows promising growth prospects, driven by factors like demographic shifts, increasing chronic diseases, and technological advancements.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 136 |
| Forecast Period | 2023 – 2029 |
| Estimated Market Value (USD) in 2023 | $4.94 Billion |
| Forecasted Market Value (USD) by 2029 | $6.64 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
Key Vendors
- B.D.
- B Braun
- Teleflex
- Nipro Medical
- Terumo
- ICU Medical
Other Prominent Vendors
- Vygon
- Shanghai Puyi Medical Instruments
- AngioDynamics
- Argon Medical Devices
- Deltamed
- Dukwoo Medical
- EXELINT International
- Greiner Bio-One International GmbH
- Healthline Medical Products
- Medical Components
- Medline Industries
- Medsource Labs
- Merit Medical Systems
- Qingdao Sinoland International Trade Co.
- Retractable Technologies
- SILMAG
- Lepu Medical
- Kimal
- Amecath Medical Technologies
- Bactiguard
- Vogt Medical
- Cook Medical
- Henan Tuoren Medical
- Troge Medical
- Guangdong Baihe Medical Technology
- Intra Special Catheters
- Biosensors
