Peripheral IV Catheter Market in the US 2015-2019
About Peripheral IV Catheters
Peripheral IV catheters are peripheral venous devices used to infuse medication or fluids directly into a vein, or draw blood samples for testing. These catheters are made of a non-irritant material, such as silicone, which negates any side effects caused when they are left in a patient's arm for several weeks or months. Peripheral IV catheters are introduced into the peripheral vein using a needle and fixed to the patient's skin with an adhesive tape. The needle is then removed, leaving a small tube of the cannula at the insertion site. Advanced peripheral IV catheters are equipped with additional safety features to prevent needlestick injuries, which allow for their use in critical care units in hospitals.
Technavio's analysts forecast the peripheral IV catheter market in the US to grow at a CAGR of 5.79% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the peripheral IV catheter market in the US for the period 2015-2019. To calculate the market size, the report considers revenue generated from the following segments:
Short Peripheral Intravenous Catheter
They are short catheters inserted into the peripheral vein on the hand or arm for administration of medications, fluids, and to draw blood sample.
These catheters are the most advanced and render high performance. They offer a closed system blood control and high safety benefits to patients.
This report presents the vendor landscape and a corresponding detailed analysis of the top six vendors in the market.
Technavio's report, the Peripheral IV Catheter Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Peripheral IV Catheter Market in US 2015-2019
Technavio recognizes the following companies as the key players in the peripheral IV catheter market in US: B. Braun Melsungen, Becton, Dickenson and Co., C.R. Bard, Smiths Medical, Tangent Medical Technologies and Terumo
Other Prominent Vendors in the market are: Argon Medical Devices, Delta Med, Medical Components, Tangent Medical, Teleflex and Vascular Pathways
Commenting on the report, an analyst from Technavio’s team said: Power-injectable closed catheters are used to inject contrast media into veins during CT scans. Indeed, such medical imaging requires contrast media to enhance visualization during diagnostic procedures. However, the catheter should be sturdy enough to withstand pressures more than 300 pounds per square inch. Power-injectable closed catheters are made of a polyurethane material and can tolerate high pressure with a minimal decrease in flexibility. For example, the BD Nexiva closed IV catheter aids in the injection of contrast media for contrast-enhanced CT scans.
According to the report, according to a 2014 estimate by WHO, the number of people aged 60 and above will grow tremendously by 2030. The physiological changes associated with aging lead to an increased risk of developing chronic diseases - such as end-stage renal disease and various types of cancer - which might require critical care. This leads to the increased demand for peripheral IV catheters to deliver drugs, supply nutrition, and collect blood samples for testing.
Further, the report states that catheters' premium pricing results in a decline in their use.
B. Braun Melsungen, Becton, Dickenson and Co., C.R. Bard, Smiths Medical, Tangent Medical Technologies, Terumo, Argon Medical Devices, Delta Med, Medical Components, Tangent Medical, Teleflex, Vascular Pathways