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Intravenous Catheters Market Trends

Report ID: GMI7986
Published Date: Jan 2024
Report Format: PDF

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Intravenous Catheters Market Trends

Incorporation of smart technologies into catheters to monitor various parameters in real-time including sensors that can track factors such as catheter tip position, blood flow rates, and the presence of air bubbles, provides healthcare professionals with crucial data for better patient management. All such variables make intravenous catheterization safer, more efficient, and more patient friendly.

Using nanotechnology to develop catheter materials with enhanced biocompatibility and reduced thrombogenicity. Nanoscale modifications can improve the surface properties of the catheter, potentially decreasing the risk of clot formation.
Integration of antimicrobial coatings on catheters to reduce the risk of infection. These coatings can inhibit the growth of bacteria on the catheter's surface, lowering the incidence of catheter-related infections.
Moreover, use of ultrasound technology for guided catheter insertion improves the accuracy of catheter placement, reduces the likelihood of complications, and enhances the overall success rate of the procedure.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of intravenous catheters reached USD 9.4 billion in 2023 and is set to observe 7.8% CAGR from 2024 to 2032, attributed to the patient preference for minimally invasive procedures, rise in ambulatory care centers, rising geriatric population, and growing surgical procedures across the globe.

The peripherally inserted central catheter segment was valued at over USD 5.4 billion revenue in 2023, backed by its suitability for outpatient and homecare settings, along with advances in medical imaging technologies.

North America market accounted for USD 3.1 billion in 2023, owing to the trend toward home healthcare services, and the rise of ambulatory care centers and outpatient clinics.

AngioDynamics, Inc., Argon Medical Devices, Becton, Dickinson and Company, B. Braun Melsungen AG, Boston Scientific Corporation, Hamilton Company, ICU Medical, Inc., Medilivescare Manufacturing Pvt. Ltd., and Medtronic plc.