In a recent published report, Kenneth Research has updated the market report for Peripheral IV Catheters Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Peripheral IV Catheters Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Peripheral IV Catheters Market is estimated to reach $6,027 Million by 2024; growing at a CAGR of 6.2% from 2016 to 2024. Peripheral IV catheters are invasive procedures used among patients for administering blood, medications, and other fluids. These catheters aids in infusion of fluids or medications into the peripheral vein to most of the patients in emergency room and surgical patients. Nevertheless, patients may get infected with catheters related infections, if strict attention is not paid on infection control practices. Furthermore, governments of several countries have imposed regulations that has to be followed by manufacturers and hospitals. For instance, the US Center for Disease Control has released rules for the prevention of infection associated with peripheral IV catheters. They have also specified that the catheters must be replaced after every 72-96 hours to decrease the possible of infection.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The demand for the global peripheral IV catheter market is increasing, driven by factors such as, rising geriatric population, increasing demand for injectable drugs, rapid rise in the number of infections and diseases, and improving healthcare infrastructure. Though, possibility of getting infected may hamper the adoption. Additionally, advanced technologies would provide several growth opportunities in coming years.
Th global peripheral IV caterers market is bifurcated on the basis of clinical area, technology, end user, and geography. Clinical area is segmented into gastroenterology, oncology, pediatric diseases, renal diseases, infectious diseases and others. By technology, the market is bifurcated into safety and conventional. Furthermore, end-user is bifurcated into ASC, hospitals, home healthcare, clinics, and others.
By geography, the market has been bifurcated into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, France and others. Asia-Pacific covers China, Japan, India, and others. RoW covers South America, Middle East, and Africa.
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Key players include Smith Medical plc, B. Braun Melsungen AG, Becton, Dickinson and Company, Tangent Medical Technologies, Inc., C. R. Bard, Inc., Terumo Corporation, Argon Medical Devices Inc., Vygon SA, Teleflex Inc., and Vigmed AB, among others.
The key takeaways from the report:
The report will provide a detailed analysis of Global Peripheral IV Catheters Market with respect to major segments such as clinical area, technology, and end user. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Global Peripheral IV Catheters Market from 2015 to 2024 has been included in the report. Profile of the key players in the Global Peripheral IV Catheters Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Peripheral IV Catheters Market
Clinical Area Segments:
Gastroenterology
Oncology
Pediatric Diseases
Renal Diseases
Infectious Diseases
Other Clinical areas
Technology Segments
Safety
Conventional
End User Segments
ASC
Hospitals
Home Healthcare
Clinics
Other End Users
Geography Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Others
Asia-Pacific
China
Japan
India
Others
RoW
South America
Middle East
Africa
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Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
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