Intravenous Catheters Market Size, Share & Trends Analysis Report By Type (Peripheral Catheters, Midline Peripheral Catheters, Central Venous Catheters), By End-use (Hospital Pharmacies, Retail Pharmacies), By Region, And Segment Forecasts, 2024 - 2030
Intravenous Catheters Market Growth & Trends
The global intravenous catheters market size is anticipated to reach USD 13.07 billion by 2030, expanding at a CAGR of 5.95% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising R&D investments for risk free IV catheter products, increasing demand for disposable IV catheters, and increasing demand for antimicrobial IV catheters are the major driving factors accelerating the industry growth. Novel product launch, increasing mergers and acquisition among the industry key players, and the rising demand for specialized IV catheters for specific patient population based on age group are key contributors to the market growth.
The industry key players are involved in manufacturing novel IV catheter devices which also enhance the product portfolio. Launching new products is essential for transforming the market, offering novel strategies, and addressing unmet needs in patient care. With the goal of improving patient outcomes and streamlining healthcare procedures, these innovative products frequently combine cutting-edge technologies, increased safety measures, and enhanced functionality.
In November 2023, BD launched new needle-free blood collection equipment that is suitable with integrated catheters. The U.S. FDA has granted the PIVO (Peripherally Inserted Vascular Output device) Needle-Free Blood Collection device received 510(k) approval. The design developments of the devices enable it to be the first and only needle-free blood collection device that is compatible with both integrated and long peripheral intravenous catheters, such as the NexivaTM closed intravenous catheter system with NearPortTM intravenous access. This enhances the PIVO functionality that has been provided since 2017 with conventional short peripheral IV catheters.
Intravenous Catheters Market Report Highlights
Based on type, peripheral catheters segment dominated the market in 2023 with a share of 41.23% owing to the cost-effectiveness, ease of insertion and low risk of complications
The hospital pharmacies segment held 53.38% of the market share in 2023. The increasing number of patients being admitted to hospitals due to surgeries, therapies, and treatments is expected to increase the demand for intravenous catheters in the near future
North America dominated the regional market with the highest revenue share of 32.46% in 2023 owing to high incidence rate of neurological disease, infections, and urological diseases in this region
Please note The report will be delivered in 2-3 business days upon order notification.
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Type
1.2.2. End-use
1.2.3. Regional scope
1.2.4. Estimates and forecasts timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased database
1.4.2. GVR’s internal database
1.4.3. Secondary sources
1.4.4. Primary research
1.4.5. Details of primary research
1.4.5.1. Data for primary interviews in North America
1.4.5.2. Data for primary interviews in Europe
1.4.5.3. Data for primary interviews in Asia Pacific
1.4.5.4. Data for primary interviews in Latin America