Peripheral Intravenous Catheter Market is set to Grow at a Remarkable Pace by 2032
The global peripheral intravenous catheters (PIVC) market is projected to experience steady growth, with an expected increase of 7.2% YoY annually, reaching a valuation of US$ 11.03 billion by 2032. The wide acceptance of catheterisation techniques for patient diagnosis, examination and treatment is predicted to propel the demand for PIVC. The North American market is expected to maintain its position as the largest market, while Asia Pacific is anticipated to grow at the fastest pace. The rising prevalence of diseases is a significant driver for the demand for catheterisation and PIVC. Apart from drug administration, the use of PIVC in body fluid collection during physical examinations is also identified as a key driver of market growth. The prevalence of infections and epidemics is expected to further drive demand for catheters across hospitals, clinics, ambulatory surgical centers, home healthcare units, and other healthcare facilities. Increasing investments in healthcare infrastr...