Global Peripheral IV Catheters market scope 2024, Forecast To 2033

The peripheral IV catheters market has demonstrated strong growth, escalating from $5.19 billion in 2023 to $5.58 billion in 2024, representing a CAGR of 7.4% in the historical period. The growth is attributed to the increasing number of healthcare facilities, the aging population with associated chronic diseases, the prevalence of surgical and medical procedures, rising hospital admissions, and the demand for vascular access devices. Moving forward to 2028, the market is expected to experience robust growth, reaching $7.67 billion with a CAGR of 8.3%. This growth is fueled by the adoption of minimally invasive procedures and catheters, the utilization of short peripheral catheters for outpatient care, the emphasis on preventing catheter-related bloodstream infections, the expansion of home healthcare, and the integration of antimicrobial coatings. Major trends in the forecast period include the adoption of ultrasound-guided peripheral IV catheter insertion, efforts to reduce complications and catheter failure, the incorporation of wireless communication for catheter monitoring, patient-centered catheter care, and a shift toward disposable catheters.