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Market Research Report
India Peripheral Catheters Market - 2020-2027 |
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| Published by | DataM Intelligence | Product code | 983415 | ||||
| Published | Content info | 251 Pages Delivery time: 1-2 business days |
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| India Peripheral Catheters Market - 2020-2027 | ||
| Published: January 19, 2021 | Content info: 251 Pages |
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The India Peripheral Catheters Market is expected to grow at a high CAGR during the forecasting period (2020-2027).
The peripheral intravenous catheter is a small tube that is placed in the peripheral vein for the direct administering of medications into circulation.
These catheters are also used for withdrawing blood for testing purposes. Advanced catheters are integrated with more safety features that prevent needlestick injuries.
The peripheral IV catheters and the circulatory system are in direct contact which is why they are produced using silicone which is non-irritant in nature and it does not have any side effects even if the IV catheters are in long-term contact with the circulatory system.
The India peripheral catheters market is growing due to several factors such as a growing geriatric population, rising prevalence of chronic diseases, and growing healthcare expenditure. Also, the growing technological advancements in peripheral I.V. catheters are further propelling the growth of the market.
The peripheral IV catheters have a major benefit of administering medicine directly into the flow of blood which is the reason it is commonly used for patients undergoing surgeries, emergency patients, paediatric patients, geriatric patients, and patients who are unable to swallow food. Such factors shall boost the peripheral intravenous catheters market growth. However, the need for trained healthcare professionals and the pain associated with the insertion procedure along with the expense of closed catheters shall impede the market growth to a certain extent.
Peripheral IV catheters are more preferred by healthcare physicians in recent years as they find these catheters as a convenient and reliable tool to obtain venous access. Doctors have increasingly gravitated to using them in a wide range of patients because it's easy to insert in the arm and versatile for other clinical needs.
Technological advancements in PICCs and recent demand-based innovations such as the introduction of anti-microbial PICCs and anti-thrombogenic PICCs are increasing.
Companies are focusing on entering new markets especially in emerging countries with innovative technologies and diversified product portfolio. This will increase its sales and revenue in target countries and also consolidate its position in the India PICC market.
One of the major threat faced in the PICC market is the high risk of catheter-related bloodstream infection in patients who undergo catheter insertions. This occurs when the peripheral catheters are being inserted. The risk factors associated with PICCs are distinctly different from peripheral intravenous lines because of their long dwell time, central placement, and potential to migrate.
Geographically, the market is segmented into five major regions, namely North India, South India, East India, and South India.
Market Key Players
Some of the major players in the peripherally inserted central catheter market are AngioDynamics, Inc., Teleflex Incorporated, B. Braun Melsungen AG, Medtronic plc, Vygon S.A, Cook Medical, Inc., Becton, Dickinson and Company, Boston Scientific Corporation, among others. The established as well as emerging companies are increasingly focusing on the launch of advanced products to expand their market share.
Companies are also focusing on gaining approval for innovative technological PICC Catheters in the market, which is likely to expand their penetration rate in the market.
The vendors are increasingly focusing on implementing inorganic growth strategies to expand their presence in the market
Also, the market players operating in the Peripherally Inserted Central Catheter market are adopting various strategies such as acquisitions, mergers, expansions, to gain maximum market share in their business. For instance, In December 2017, Becton, Dickinson and Company acquired C. R. Bard, Inc. The acquisition helped BD evolve as the largest healthcare company with business expansion into temperature management and many other sectors.
Visualize the composition of the peripheral catheters market segmentation by product type, design type, patient age group, clinical area, and end-user highlighting the key commercial assets and players.
Identify commercial opportunities in the peripheral catheters market by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of peripheral catheters market-level 4/5 segmentation.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the key product of all major market players
