Peripheral Intravenous Catheter Market Size 2024-2032: Global Industry Analysis and Forecast

The Peripheral Intravenous Catheter Market Size accounted for USD 5,663 Million in 2023 and is estimated to achieve a market size of USD 10,165 Million by 2032 growing at a CAGR of 6.9% from 2024 to 2032.

The peripheral intravenous catheter (PIVC) market is a critical component of the global healthcare sector, representing an essential tool in intravenous (IV) access for fluid administration, drug delivery, and blood sampling. PIVCs are widely used across a variety of medical settings, including hospitals, ambulatory surgical centers, clinics, and long-term care facilities. As a key enabler in modern medicine, the PIVC market has experienced significant growth due to increasing healthcare needs, rising chronic disease prevalence, advancements in medical technologies, and an aging global population. This abstract provides an in-depth overview of the PIVC market, examining the key factors driving market growth, technological innovations, regional trends, challenges, and future prospects.

Market Overview and Drivers:

Peripheral intravenous catheters are small, flexible tubes that are inserted into peripheral veins to administer medications, fluids, and nutritional support. These devices are crucial in emergency medicine, surgeries, and routine clinical practices due to their ease of insertion, effectiveness, and relatively low complication rates compared to central venous catheters. The PIVC market is primarily driven by the increasing demand for medical devices related to intravenous therapy. Factors such as an aging population, rising incidences of chronic diseases (including diabetes, cancer, and cardiovascular diseases), and the growing need for hospitalization contribute significantly to the increasing utilization of PIVCs.

Moreover, the global rise in surgical procedures, outpatient treatments, and the expanding need for urgent care and emergency treatments further boosts the demand for PIVCs. PIVCs are indispensable in delivering treatments such as chemotherapy, antibiotics, hydration therapy, and blood transfusions, which are commonly required for managing chronic conditions and complex illnesses. Furthermore, the growing trend toward minimally invasive procedures, which often require PIVC placement, has led to a greater reliance on these catheters in both emergency and routine care.

The increasing number of diagnostic procedures and the shift toward outpatient and home healthcare have also contributed to market growth. As healthcare systems strive for cost-effective solutions and shorter hospital stays, PIVCs are increasingly being used for ambulatory care and post-surgical care, further driving market demand.

Peripheral Intravenous Catheter Market Segmentation

The worldwide market for peripheral IV catheter market is split based on product, end-user, and geography.

Peripheral IV Catheter Market By Product

Short PIVCs
Integrated or closed PIVCs

Peripheral IV Catheter Market By End-Users

Hospitals
Clinics
ASCs
Others

Peripheral Intravenous (IV) Catheter Market Regional Outlook

North America

U.S.
Canada
Europe

U.K.

Germany
France
Spain
Rest of Europe
Asia-Pacific

India

Japan
China
Australia
South Korea
Rest of Asia-Pacific
Latin America

Brazil

Mexico
Rest of Latin America
The Middle East & Africa

South Africa

GCC Countries
Rest of the Middle East & Africa (ME&A)

Peripheral Intravenous Catheter Market Players

Some of the top peripheral intravenous catheter companies offered in our report includes Becton, Dickinson and Company, B. Braun Melsungen AG, Terumo Corporation, Smiths Medical Inc., Teleflex Incorporated, Tangent Medical Technologies Inc., C.R. Bard Inc., Argon Medical Devices Inc., VIGMED AB, and Medical Components Inc. Show more