Persistence Market Research is released new forthcoming report on title "Peripheral I.V. Catheter Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 01/13/2015 -- Peripheral intravenous (I.V.) catheters refer to the medical devices that are used to deliver the medication or fluids directly into the vein of a patient. Peripheral I.V. catheter is inserted into the body with the help of needle which is removed after insertion of catheter. Peripheral I.V. catheter is then fixed onto patient's skin with the help of an adhesive tape. Peripheral I.V. catheters market is growing at a significant rate due to increase in the number of patients suffering from infections and other diseases. On the basis of their types, peripheral I.V. catheters can be classified into central catheters and midline peripheral catheter. On the basis of their insertion mode, central catheters can be classified into centrally inserted central catheters and peripherally inserted central catheters.
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North America dominates the global market for peripheral I.V. catheters due to large number of aging population and increasing incidence of diseases in the region. Asia, followed by the Europe, is expected to show high growth rate in the next five years in global peripheral I.V. catheters market. China and India are expected to be the fastest growing peripheral I.V. catheters markets in Asia-Pacific region. Some of the key driving forces for peripheral I.V. catheters market in emerging countries are large pool of patients and improvement in healthcare facilities.
Various factors such as rising incidence of viral infections such as viral infections and cancer cases, increase in aging population and technological advancements are driving the global peripheral I.V. catheters market. In addition, increase in the development of vaccines and government initiatives for better healthcare facilities are driving the peripheral I.V. catheters market. However, high cost involved and risk with the usage of needles is retraining the peripheral I.V. catheters market.
Increased patient pool and growth in the disposable income are expected to offer good opportunities for peripheral I.V. catheters market. Some of the latest trends that have been observed in peripheral I.V. catheters market include increased adoption of power-injectable closed catheters. Some of the major companies dealing in the global peripheral I.V. catheters market are Becton, Dickinson and Company, B. Braun Melsungen AG, Smiths Medical, Teleflex Incorporated, Terumo Corp. and C.R. Bard Inc. Other companies with significant presence in the peripheral I.V. catheters market are Retractable Technologies, Inc, Medical Components Inc, Vygon SA, Argon Medical Devices Inc., Vascular Pathways Inc. and VIGMED AB.
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