The IV Catheters Market to Reach $6.6 Billion by 2029 - Exclusive Focus Insight Report by Arizton
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IV Catheters Market Report Scope
In 2023, the global intravenous catheters market was dominated by North America, with a share of 33.45%. This region has a large presence of major vendors offering various IVCs to patients of various age groups. Further, this growing usage of IVCs in the region is being contributed by advanced healthcare infrastructure and growing awareness regarding the safety of IVCs. Europe is expected to witness the highest incremental growth of $513.50 million, and APAC is expected to record the highest absolute growth of 41.05% during the forecast period.
With growing advancements and the need to reduce needlestick injuries, vendors are offering safety PIVCs and conventional PIVCs, competing based on cost, safety features, convenient use, marketing strategies, and distribution channels. The key vendors in the market include BD, Smith Medical, Vygon, B. Braun Melsungen AG, Teleflex, Terumo, and Shanghai Puyi Medical Instruments. Though major players dominate the market, others also focus on continuously developing low-cost and conventional PIVCs. In addition, a few regional companies are also coming into existence with innovative products and technologies. For instance, retrieving needles automatically after usage by retractable technologies is gaining traction among end-users.
Moreover, vendors, especially global players, are increasingly pursuing inorganic growth strategies such as acquisitions and strategic partnerships to expand their presence, enhance product portfolio, and improve expertise in the market. For instance, Smith's Medical acquired Access Scientific, a broad-spectrum vascular access and infection prevention company that manufactures POWERWAND midline and extended dwell catheters. BD acquired Velano Vascular, whose needle-free technology enables high-quality blood draws from existing PIVC lines.
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Key Questions Answered in the Report:
How big is the global IV catheters market?
What is the projected growth rate of the global IV catheters market?
Which region holds the most significant global IV catheter market share?
What are the drivers in the global IV catheters market?
Who are the key players in the global IV catheters market?
Table of Contents
CHAPTER – 1: IV Catheters Market Overview
CHAPTER – 2: IV Catheters Market
CHAPTER – 3: IV Catheters Market Segmentation Data
CHAPTER – 4: Key Regions Overview
CHAPTER – 5: IV Catheters Market Prospects & Opportunities
CHAPTER – 6: IV Catheters Industry Overview
CHAPTER – 7: Appendix
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