(Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )
Soaring disease prevalence will remain a prominent factor driving the demand for catheterization, in turn pushing the market for PIVC. Apart from its usage in drug administration, increasing adoption of peripheral intravenous catheter in body fluid collection during a patient's physical examination, is also identified to be a key driver to market growth. Prevalence of infections and epidemics are expected to further spur the demand for catheters in hospitals, clinics, ambulatory surgical centers, home healthcare units, and other healthcare centers. In addition to constantly enhancing healthcare infrastructure, the healthcare spending of consumers is also on the rise, which will favor the market growth.
Request a Sample Report with Table of Contents: http://www.futuremarketinsights.com/reports/sample/rep-gb-2558
Technological advancements in PIVC will particularly hold a positive impact on sales, boosting the market. Peripheral intravenous catheter is considered superior to its other counterparts, which will continue to drive adoption as a preferred option over other catheter types, eventually supporting the sales of PIVC. Moreover, there have been rising efforts toward manufacturing peripheral intravenous catheter using non-irritant, user-friendly material. Moreover, manufacturers are targeting PIVC design improvisation to eliminate the associated complications. This is projected to be a major factor positively influencing the market growth.
A few qualitative and technological complications associated with material composition, design, and after-effects of PIVC are expected to continue affecting mass adoption. In addition, market growth may be restricted due to expensive prices of peripheral intravenous catheter, especially in emerging economies. Conventional PIVC sales can also witness a drop owing to certain stringent medical device regulations in some of the developing countries.
Preview Analysis on Global Peripheral Intravenous Catheter Market Segmentation By Product Type - Short PIVC, Ported PIVC, Non-Ported PIVC and Integrated/Closed PIVC; By Technology - Conventional PIVC and Safety PIVC; By End-User - Hospitals, Ambulatory Surgical Centres, Clinics, Home Use and Others: http://www.futuremarketinsights.com/reports/peripheral-intravenous-catheter-market
By product, short peripheral intravenous catheter segment will remain dominant over integrated/closed peripheral intravenous catheter segment. Short PIVC segment is further sub-segmented into ported PIVC and non-ported PIVC. While short PIVC segment is expected to register the largest market share of over 71% in 2016, integrated/closed PIVC segment will witness significant Y-o-Y growth of 8.2%. Among the two sub-segments of short PIVC, non-ported PIVC is likely to remain dominant over ported PIVC.
On the basis of technology, safety peripheral intravenous catheter will continue to gain higher traction than conventional PIVC.
Based on end-user, hospitals segment is likely to generate the maximum PIVC demand. Ambulatory surgical units will also record decent demand. Peripheral intravenous catheter will register maximum revenue sales in 2016 in hospitals, accounting for over 60% market share. Ambulatory surgical units will remain the second most lucrative PIVC end-user segment.
By region, North America is expected to continue the leading position with around 45% share of the entire market revenues in 2016. Europe will continue to be the second largest market for PIVC with a value of over US$ 1.0 Bn in 2016. Asia Pacific is anticipated to emerge as the fastest growing region. Compared to a 5.8% of Y-o-Y of North America, APAC will witness a stronger Y-o-Y growth in 2017 over 2016.
Speak with Analyst for any Report Related Quires: http://www.futuremarketinsights.com/askus/rep-gb-2558
Some of the leading players in peripheral intravenous catheter market, include Becton Dickinson and Company, B. Braun Melsungen AG, Smith Medical, C. R. Bard, Inc., Vygon Group, Terumo Corporation, and Tangent Medical.
Long-term Outlook: Global peripheral intravenous catheter market is slated to reach the revenues worth US$ 5.22 Bn by 2021.
More From FMI's Cutting-edge Intelligence:
- Vital Signs Monitoring Devices Market Segmentation: By Product Type - Monitors, Thermometers, Blood Pressure Measurement; By End-use - Hospitals, Clinics, Ambulatory, Home Care; By Key Regions - North America, Western Europe, APEJ, Japan, Eastern Europe, Latin America And MEA: http://www.futuremarketinsights.com/reports/vital-signs-monitoring-devices-market
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Browse More Healthcare, Pharmaceuticals and Medical devices Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
T (UK): + 44 (0) 20 7692 8790
Press Office: Press@futuremrketinsights.com
SOURCE Future Market Insights