Increasing Prevalence of Chronic Diseases to Augment the Peripheral Intravenous Catheters Market Growth

Peripheral Intravenous Catheters Market


 The peripheral intravenous catheter is a small flexible tube inserted into a peripheral vein for the administration of drugs and nutritional supplements. They are most commonly used for vascular access. Peripheral intravenous catheters are of two types, such as short peripheral intravenous catheters and integrated/closed peripheral intravenous catheters.

Peripheral intravenous catheters are made of materials such as silicone, hexa-fluoropropylene, tetra-fluorethylene, and polyurethane. These catheters are often preferred in patients receiving sclerosing medications that may damage peripheral nerves or be treated with vasopressors, which may cause injury if extravasated.

Market Dynamics:

Increasing prevalence or incidence of chronic diseases worldwide is expected to propel the growth of the peripheral intravenous catheters market. For instance, according to the World Health Organization (WHO), chronic diseases are the leading causes of death and disability worldwide. Moreover, by 2020, their contribution is expected to rise to 73% of all deaths and 60% of the global burden of disease.

High incidence of needle-stick injuries is also expected to fuel the growth of the peripheral intravenous catheters market. For instance, each year, around 385,000 needle-stick injuries occur in the United States, according to the Centers for Disease Control and Prevention (CDC).

Moreover, growth in the target patient population, increasing popularity among population regarding peripheral intravenous catheters, and growing focus on minimally invasive surgical procedures is expected to augment the growth of the peripheral intravenous catheters market. However, complications associated with peripheral intravenous catheters and lack of skilled professionals is expected to restrain the growth of the peripheral intravenous catheters market.

North America and the Asia Pacific are expected to witness substantial growth in the peripheral intravenous catheters market due to increasing prevalence chronic diseases in these regions. Heart disease is the leading cause of death in the United States. For instance, according to CDC, one person dies every 36 seconds in the United States from cardiovascular disease.

Competitive Analysis:

Major players operating in the peripheral intravenous catheters market are Becton, Teleflex, Retractable Technologies, ICU Medical, RenovoRx, VOGT MEDICAL, Velano Vascular, Tangent Medical, Vygon Group, Terumo Corporation, Smith Medical, B. Braun Melsungen AG, and Dickinson and Company.

In February 2021, Access Vascular announced FDA (Food and Drug Administration) clearance of its HydroMID midline catheter. HydroMID, which is made of Access Vascular’s proprietary biomaterial that has been shown to reduce thrombus accumulation by up to 97% compared to standard polyurethane catheters.

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