The Peripheral Intravenous Catheters (PIVC) market size was valued at USD 3.7 Billion in 2022 and is projected to reach USD 6.2 Billion by 2030, growing at a CAGR of 6.6% from 2024 to 2030. The market has been experiencing steady growth due to the increasing prevalence of chronic diseases, the rising demand for minimally invasive procedures, and the need for continuous and efficient intravenous therapy in healthcare settings. Additionally, advancements in catheter technology, aimed at improving patient comfort and reducing complications, are further driving market expansion.
Increased healthcare expenditure, coupled with the growing number of surgeries and medical procedures globally, is contributing to the demand for PIVCs. Furthermore, the rising awareness of infection prevention and the adoption of safety-engineered devices are expected to propel market growth in the coming years. With a surge in the aging population and the expansion of healthcare infrastructure in emerging markets, the PIVC market is poised for robust growth during the forecast period. The growing focus on improving healthcare delivery and patient care also plays a significant role in driving demand for peripheral intravenous catheters worldwide.
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The Peripheral Intravenous Catheters (PIVC) market is segmented by application into Hospitals, Clinics, Ambulatory Surgery Centers (ASCs), and Other healthcare facilities. Among these, hospitals represent the largest segment, accounting for a significant share of the market due to the high volume of patients requiring intravenous access for medication administration, fluid therapy, and diagnostic purposes. PIVCs are commonly used in hospitals across a wide range of departments, including emergency rooms, intensive care units (ICUs), and general wards. The need for PIVCs in hospitals is driven by the growing prevalence of chronic diseases, an increasing aging population, and a rise in complex surgeries, all of which demand frequent intravenous access for medication and fluids. Additionally, hospitals have well-established infrastructure and protocols for the use of PIVCs, ensuring high demand for these devices, which continue to evolve in terms of material, design, and patient safety features to improve outcomes and reduce complications like infections and thrombophlebitis.
Clinics also represent a significant application segment in the PIVC market. These healthcare facilities offer a range of outpatient services, including routine diagnostic tests, treatments, and minor surgical procedures, all of which require the use of PIVCs for intravenous access. The increasing number of clinics focusing on specialized care, such as oncology, dermatology, and renal care, is driving the demand for PIVCs. Clinics cater to a growing number of patients who require non-hospital settings for treatment, offering a cost-effective alternative to hospitals while still maintaining the need for efficient intravenous therapies. In addition, clinics often serve as convenient healthcare access points for non-emergency procedures, where PIVCs are used for short-term treatments such as administering antibiotics, hydration, or blood draws, further contributing to the growth of this segment.
Hospitals are the leading application for PIVCs, given their extensive use across various departments like emergency care, surgical units, and intensive care. Intravenous catheters are an essential tool for fluid and medication administration in patients who require immediate or long-term intravenous access. The large-scale operations of hospitals, coupled with the high patient turnover, generate significant demand for PIVCs. The market in this segment is influenced by factors such as the increasing prevalence of chronic diseases like diabetes, cardiovascular conditions, and kidney disorders, wh
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