Peripheral Venous Access Device Market Revenue was valued at USD 3.12 Billion in 2024 and is estimated to reach USD 5.45 Billion by 2033, growing at a CAGR of 6.8% from 2026 to 2033.
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The peripheral venous access device market has experienced significant shifts recently, notably with Stryker's announcement in January 2025 of its plan to acquire Inari Medical for $4.9 billion. This strategic move aims to bolster Stryker's portfolio in treating venous diseases, particularly venous thromboembolism (VTE), thereby enhancing its presence in the vascular medical device sector.
Stryker's proposed acquisition of Inari Medical is valued at $80 per share, reflecting a 30% premium over Inari's stock price at the time of the announcement. This acquisition is poised to integrate Inari's innovative venous disease treatment devices with Stryker's existing neurovascular offerings, expanding Stryker's market reach and product diversity in the vascular access domain. The deal is expected to close by the end of the first quarter of 2025, pending regulatory approvals. citeturn0news12
Technological advancements are pivotal in shaping the peripheral venous access device market. The introduction of safety peripheral intravenous catheters (PIVCs) has significantly reduced the risk of needlestick injuries and bloodstream infections, enhancing patient and healthcare worker safety. For instance, B. Braun Medical Inc.'s Peripheral Advantage® Program, launched in October 2023, focuses on empowering healthcare providers and improving patient experiences with intravenous therapies. citeturn0search0
Regionally, North America leads the market, attributed to advanced healthcare infrastructure and high healthcare expenditure. In contrast, the Asia Pacific region is experiencing rapid growth, driven by improving healthcare facilities and expanding medical tourism. Countries like India are witnessing significant market expansion, with a projected CAGR of 7.5% through 2034, owing to a large patient pool and favorable government support. citeturn0search1
The competitive landscape of the peripheral venous access device market is marked by strategic acquisitions, technological innovations, and regional expansions. Companies like Teleflex Incorporated have been awarded group purchasing agreements, enhancing their market presence. The market is expected to continue its growth trajectory, driven by ongoing innovations and the expanding need for vascular access devices globally. citeturn0search2
The importance of Peripheral Venous Access Device Market research reports lies in their ability to aid strategic planning, helping businesses develop effective strategies by understanding market trends and dynamics. They play a crucial role in risk management by identifying potential risks and challenges, allowing businesses to mitigate them proactively. These reports offer a competitive advantage by providing insights into competitors' strategies and Peripheral Venous Access Device Market positioning. For investors, they provide critical data for making informed decisions by highlighting market forecasts and growth potential. Additionally, market research reports guide product development by understanding consumer needs and preferences, ensuring products meet market demands and drive business growth.
What are the Type driving the growth of the Peripheral Venous Access Device Market?
Growing demand for below Type around the world has had a direct impact on the growth of the Peripheral Venous Access Device Market:
Peripherally Short Catheter, Peripherally Midline Catheter, Peripherally Inserted Central Catheter
What are the Applications of Peripheral Venous Access Device Market available in the Market?
Based on Application the Market is categorized into Below types that held the largest Peripheral Venous Access Device Market share In 2024.
Drug Administration, Fluid and Nutrition Administration, Diagnostics and Testing, Others
Who is the largest Manufacturers of Peripheral Venous Access Device Market worldwide?
AngioDynamics, Abbott Laboratories, C R Bard, Cook Group Incorporated, Boston Scientific Corporation, Becton Dickinson and Company, Baxter International, Smiths Medical, Teleflex Incorporated, Reinventing Venous Access
Short Description About Peripheral Venous Access Device Market:
The global Peripheral Venous Access Device Market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2031. In 2022, the market is growing steadily, and with the increasing adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, particularly the United States, will continue to play a pivotal role in the market's development. Any changes in the United States could significantly impact the Peripheral Venous Access Device Market growth trends. The market in North America is projected to grow considerably during the forecast period, driven by the high adoption of advanced technology and the presence of major industry players, creating ample growth opportunities.
Europe is also expected to experience significant growth in the global market, with a strong CAGR during the forecast period from 2024 to 2031.
Despite intense competition, the clear global recovery trend keeps investors optimistic about the Peripheral Venous Access Device Market, with more new investments expected to enter the field in the future.
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Which regions are leading the Peripheral Venous Access Device Market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
What are the global trends in the Peripheral Venous Access Device Market? Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for different types of products in Peripheral Venous Access Device Market? What are the upcoming industry applications and trends for the Peripheral Venous Access Device Market?
What Are Projections of Global Peripheral Venous Access Device Market Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and Export?
Where will the strategic developments take the industry in the mid to long-term?
What are the factors contributing to the final price of Peripheral Venous Access Device Market? What are the raw materials used for Peripheral Venous Access Device Market manufacturing?
How big is the opportunity for the Peripheral Venous Access Device Market? How will the increasing adoption of Peripheral Venous Access Device Market for mining impact the growth rate of the overall market?
How much is the global Peripheral Venous Access Device Market worth? What was the value of the market In 2020?
Who are the major players operating in the Peripheral Venous Access Device Market? Which companies are the front runners?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Peripheral Venous Access Device Market Industry?
1. Introduction of the Peripheral Venous Access Device Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Peripheral Venous Access Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Peripheral Venous Access Device Market, By Product
6. Peripheral Venous Access Device Market, By Application
7. Peripheral Venous Access Device Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Peripheral Venous Access Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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