Peripheral Intravenous Catheter Market Growth, Analysis, Trends and Forecast to 2032Posted by Ganesh Shinde on April 18th, 2023 The global peripheral intravenous catheters market is expected to grow steadily at a rate of 7.2% YoY, reaching a valuation of US$ 11.03 billion by 2032. The increasing acceptance of catheterisation techniques for diagnosis, examination, and treatment of patients is projected to drive the demand for PIVC. The North American market is likely to remain the largest market, while the Asia Pacific market is expected to grow at the fastest pace. The rising incidence of diseases is a significant factor driving the demand for catheterisation and PIVC. Besides drug administration, the use of PIVC in body fluid collection during physical examinations is also identified as a key driver of market growth. The prevalence of infections and epidemics is expected to further increase demand for catheters across hospitals, clinics, ambulatory surgical centers, home healthcare units, and other healthcare facilities. Increasing investments in healthcare infrastructure, as well as rising healthcare spending by consumers, are expected to support market growth. Technological advancements in PIVC are also likely to have a positive impact on sales, with PIVC being considered a superior option to other types of catheters. Therefore, PIVC is expected to continue to be the preferred choice and support market growth. Some of the leading players in peripheral intravenous catheter market include:
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