Peripheral Intravenous Catheter to Gain Higher Foothold in the Coming Years

Most intravenous catheters have one common function, which is to administer medication directly into blood veins. Over the years, various new methods and techniques have come up for infusing medication, however, intravenous catheters remain primary devices for undertaking such procedures. There are several types of intravenous catheters available in the market, which is recommended only under expert medical observation. It is important to understand the difference between intravenous catheters and should be used accordingly. Misguided practice of such devices could lead to extreme discomfort to the patient and can delay the recovery process. In addition, circumstances may occur when patients are at distress and develop infections even after following correct procedures. Certain guidelines have been set during such critical situations, special painkillers, gels and ointments are prescribed for the comforting the stressed area during inserting the catheter. In worst case scenario, the patient may sustain bruises, extensive bleeding, phlebitis and air embolism.

Amongst these intravenous catheters, the peripheral intravenous catheter market has gained a significant amount of recognition in the recent times. A normal peripheral intravenous catheter can be used between four to five days and should be replaced after the stipulated duration.   

Peripheral intravenous catheters are effective in cases where are patient require long-term venous medication, drips and therapies beyond the hospital. For instance, patients who require chemotherapy or direct infusion of antibodies into the veins are common users of peripheral intravenous catheters. The market for catheters is extremely niche, hospitals and ambulatory surgical centers being the major end user of the product.    

Trends

Manufacturers are focused on developing high-end intravenous catheter that can do more than just administer medication. Various new catheters have been developed with extended features supporting the patient in critical conditions. Proper intravenous strategies can lead to faster recovery, which is safe and far more tolerable for the patient. Medical research centers are developing advanced intravenous catheters that can infuse medication deeper into the body and directly to an organ.  Moreover, along with advancement in the catheters device special guidelines are also being set for the best practices of intravenous catheters significantly improving its duration of usage.

Conclusion

The demand for the peripheral intravenous catheter is expected to increase at a healthy rate in near future. In 2015, the global market for peripheral intravenous catheter was estimated at US$ 3,663 Million. In addition, the global market is expected to surpass US$ 5,224 Million by the end 2021. In terms of value, North America and Europe collectively account for a significant portion of the global peripheral intravenous catheter market. Further, the peripheral intravenous catheter market in Asia Pacific (APAC) is expected to record a swift growth in the coming years, offering a wider range of opportunities for manufacturers in the region.