Peripheral I.V. Catheter Market - Global Industry Analysis, Size and Growth, 2022

Veröffentlicht von: P&S Market Research
Veröffentlicht am: 18.01.2018 05:58
Rubrik: Gesundheit & Medizin


(Presseportal openBroadcast) - Global peripheral I.V. catheter market was valued at $3,702.2 million in 2015, and it is expected to grow at a CAGR of 6.0% during the period 2016 - 2022. The global market is increasing, due to growing geriatric population and increasing incidence of chronic diseases. In addition, the growing demand for injectable drugs in comparison to the oral medications, increasing healthcare expenditure and technological advancements in peripheral I.V. catheter is encouraging the growth of the global peripheral I.V. catheter market.

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The aging population is playing a key role in the growth of the global peripheral I.V. catheter market. The elderly people are more susceptible to diseases, sickness and syndromes, due to less regenerative abilities, as compared to adults. According to the National Institutes of Health (NIH), an organization that conducts and supports medical research activities across the world, about 75% to 85% of older people in elderly care facilities suffer from chronic pain, which is boosting the demand of peripheral I.V. catheters.

The prevalence of chronic diseases, such as heart disease, cancer, stroke, respiratory disease and diabetes, is increasing due to the alteration in lifestyle and lack of access to preventive care. According to the CDC, in 2012 approximately 117 million people in the U.S. had one or more chronic health conditions.

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The key companies operating in the global peripheral I.V. catheter market include Becton, Dickinson and Company, Terumo Corporation, B. Braun Melsungen AG, Teleflex Incorporated, Smiths Medical Inc., C.R. Bard Inc., Tangent Medical Technologies Inc., VIGMED AB, Argon Medical Devices Inc., and Medical Components Inc.

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