Peripheral I.v. Catheter Market Industry Growth, Trend, Share And Size

By Author: Pramod Kumar
Total Articles: 97
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Peripheral I.V. catheters are intravenous devices that are made of user-friendly, non-irritant material, such as silicon. These devices are used for either infusing medication directly into the veins or drawing blood; being made of a safe material, they can remain in contact with the patient’s skin or vessels for extended period. The market is witnessing growth due to the rising geriatric population and increasing lifestyle-disease prevalence.

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The peripheral I.V. catheter market based on region, is categorized into Middle East & Africa, Asia-Pacific, Central and Eastern Europe, Western Europe, North America, and Latin America. The market in the historical period (2012–2015) was led by the North American region, and it is further expected to hold a share of 45.0% in 2022. This can be attributed to the surging geriatric population, growing demand for injectable drugs, and rising expenditure on healthcare. Within the region, the U.S. is predicted to be the largest market and would ...
... generate $2.1 billion by 2022 at a 6.5% CAGR in the forecast period.

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The major driver of the peripheral I.V. catheter market is the surging global geriatric population. The World Aging Population 2013, a report published by the United Nations Department of Economics and Social Affairs mentioned that in 2013, about 841 million people across the globe were in the 60 and above age bracket; the number is further predicted to exceed 2 billion by 2050. The elderly are more susceptible to infections due to their compromised immune system, and also take longer to recover. To efficiently treat this large population, the demand for medication would rise, which would further drive the demand for such catheters.

The potential for growth of the peripheral I.V. catheter market is huge in the emerging economies. With the improving economy of these countries, such as Brazil, India, and China, the expenditure on improving their respective healthcare facilities is expected to increase. Further, due to inadequate attention on healthcare education, these countries witness high incidence rates of numerous chronic diseases. The increased focus and spending on the healthcare system are expected to drive the demand for peripheral I.V. catheters in such countries, thereby boosting the market.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.