Peripheral Catheters Market Outlook

The global peripheral catheters market was valued at approximately USD 4.7 billion in 2023 and is projected to reach around USD 7.8 billion by 2035, growing at a CAGR of 5.3% during the forecast period. This growth is primarily fueled by an increasing number of surgical procedures and the rising incidence of chronic diseases that require long-term intravenous therapy. The demand for minimally invasive procedures is also contributing significantly to the market expansion, as peripheral catheters are essential for the administration of medication, nutrition, and fluids. Furthermore, advancements in technology and the introduction of safety-engineered devices are driving the adoption of peripheral catheters across various healthcare settings.

Growth Factor of the Market

Several factors are contributing to the growth of the peripheral catheters market. One of the primary drivers is the increasing prevalence of chronic diseases such as diabetes, cancer, and cardiovascular disorders, which often necessitate intravenous treatments. As healthcare providers focus on improving patient outcomes, the demand for efficient and effective intravenous access solutions continues to rise. Additionally, the growing geriatric population, who are more susceptible to chronic conditions, is further contributing to market growth. Furthermore, technological advancements in catheter design, aimed at enhancing patient safety and comfort, are also significant growth factors. The market is witnessing a shift towards safety peripheral catheters, which minimize the risk of needlestick injuries, thereby increasing their adoption among healthcare professionals. Lastly, the surge in outpatient procedures and the expansion of healthcare facilities globally are expected to propel the demand for peripheral catheters.

Key Highlights of the Market

• The peripheral catheters market is projected to grow at a CAGR of 5.3% from 2023 to 2035.
• North America held the largest market share in 2023, accounting for over 40% of the total market.
• Short peripheral catheters segment is expected to witness significant growth due to their widespread use in hospitals.
• Technological advancements, including the development of safety-engineered products, are reshaping the market landscape.
• The increasing number of outpatient procedures is driving the demand for efficient catheter solutions.

By Product Type

Short Peripheral Catheters:

Short peripheral catheters are one of the most commonly utilized types of catheters in clinical settings, particularly for intravenous (IV) access. These catheters are usually inserted into a peripheral vein and are designed for short-term use, typically less than a week. The ease of insertion and removal makes them ideal for administering medications, fluids, and blood products. Their versatility and comfort for patients have led to their widespread adoption, particularly in emergency departments and surgical units. Additionally, the integration of advanced materials has enhanced their performance, reducing the risk of complications such as phlebitis and infiltration, thus driving their demand in the market.

Integrated Catheters:

Integrated catheters represent a significant segment within the peripheral catheters market. These devices are designed to combine multiple functionalities in a single catheter, such as infusion, blood sampling, and pressure monitoring. The advantage of integrated catheters is that they reduce the need for multiple access points, minimizing patient discomfort and the risk of infection. As healthcare providers strive for improved patient care, the demand for integrated solutions is expected to grow significantly. The ability of these catheters to offer streamlined procedures aligns with the trend towards minimally invasive techniques, further boosting their market appeal.

Winged Steel Needles:

Winged steel needles, also known as butterfly needles, are a critical component in the peripheral catheter market, particularly in phlebotomy and intravenous therapy. The design of winged needles allows for greater control during insertion, making them ideal for drawing blood or administering medication in sensitive veins. These needles are especially favored for pediatric and geriatric patients due to their ease of use and reduced trauma. Although they are primarily used for short-term access, their effectiveness and minimal discomfort for patients make them a preferred choice among healthcare providers. The growing focus on patient-centered care is expected to further enhance the demand for winged steel needles in various clinical settings.

Winged Plastic Needles:

Winged plastic needles are similar in function to winged steel needles but are designed with plastic components to enhance flexibility and comfort. These needles are particularly useful for patients with fragile veins or when frequent blood draws are necessary. The lightweight design and softer edges contribute to reduced patient discomfort during insertion. As the healthcare industry increasingly emphasizes patient satisfaction and comfort, the adoption of winged plastic needles is likely to rise. Additionally, the development of safety-engineered versions of these needles is also anticipated to boost their market penetration by addressing the risk of needlestick injuries.

Safety Peripheral Catheters:

Safety peripheral catheters have gained significant traction in recent years due to heightened awareness around infection control and needle safety. These catheters are equipped with built-in safety mechanisms that help prevent needlestick injuries, thereby protecting healthcare workers and improving patient safety. As hospitals and healthcare facilities implement stricter safety protocols, the demand for safety-engineered products is increasing. The growing emphasis on occupational health and safety standards is a major driving force for this segment. Additionally, regulatory bodies are pushing for the adoption of safety devices, which further propels the market for safety peripheral catheters.

By Application

Medication Administration:

Medication administration is one of the primary applications of peripheral catheters, accounting for a substantial share of the market. Healthcare providers utilize these catheters to deliver a variety of medications, including antibiotics, chemotherapy agents, and analgesics, directly into the bloodstream. The accuracy and speed of medication delivery offered by peripheral catheters make them an essential tool in emergency and outpatient care settings. The rising incidence of chronic diseases requiring long-term medication management also drives market growth in this application segment. Furthermore, advancements in catheter technology are enhancing the efficacy of drug delivery, thereby escalating the adoption of peripheral catheters in medication administration.

Blood Transfusion:

Blood transfusion is another critical application for peripheral catheters, particularly in acute care settings where rapid access to the vascular system is necessary. These catheters facilitate the swift and safe transfusion of blood and blood products, which is vital for patients experiencing severe trauma or undergoing major surgical procedures. The ability to provide quick access to veins enhances the efficiency of blood transfusion protocols, improving patient outcomes during emergencies. As the demand for blood transfusions continues to rise, especially in regions with high rates of trauma and surgical interventions, the adoption of peripheral catheters for blood transfusion applications is expected to see significant growth.

Diagnostics and Testing:

Diagnostics and testing represent a key application segment for peripheral catheters, particularly in the context of blood sample collection for laboratory analysis. These catheters enable healthcare professionals to obtain blood samples with minimal discomfort to the patient. The accuracy of diagnostic tests is crucial for effective treatment plans, and peripheral catheters facilitate reliable sample collection. As the demand for rapid and accurate diagnostic services grows, the utilization of peripheral catheters in testing applications is projected to increase. This trend is particularly evident in outpatient clinics and urgent care facilities, where timely diagnostics are paramount for patient management.

Fluid and Nutrition Administration:

Fluid and nutrition administration is an essential application of peripheral catheters, especially for patients who require intravenous fluids or total parenteral nutrition (TPN). These catheters provide a reliable means to deliver essential nutrients and hydration directly into the bloodstream, which is particularly beneficial for patients unable to take oral nutrition. The growing prevalence of conditions such as gastrointestinal disorders and cancer is driving the demand for TPN, thereby amplifying the need for peripheral catheters in fluid and nutrition administration applications. As healthcare systems increasingly prioritize nutritional support for patients, the utilization of peripheral catheters in this context is expected to expand significantly.

By Distribution Channel

Hospitals:

Hospitals are the primary distribution channel for peripheral catheters, accounting for the largest share of the market. The extensive use of peripheral catheters in various departments, including emergency, surgical, and intensive care units, underscores their critical role in patient care. Hospitals require a steady supply of these devices to manage a wide range of medical conditions effectively. The growing incidence of surgeries and chronic diseases necessitates the continuous adoption and utilization of peripheral catheters within hospital settings. Additionally, hospitals are increasingly investing in advanced catheter technologies that promote patient safety and enhance procedural efficiency, thereby driving the market growth in this distribution channel.

Specialty Clinics:

Specialty clinics are emerging as a significant distribution channel for peripheral catheters, particularly in areas such as oncology, nephrology, and diabetes care. These clinics often focus on specific patient populations requiring tailored intravenous therapies, leading to increased demand for specialized catheter solutions. The rise of outpatient care has prompted specialty clinics to adopt more efficient and patient-friendly catheter options, thereby expanding their market presence. Moreover, the convenience of receiving treatment in a specialized setting drives patient satisfaction, encouraging the use of peripheral catheters in these facilities. As specialty clinics continue to grow in number and capability, their role in the peripheral catheter market is expected to expand.

Ambulatory Surgical Centers:

Ambulatory surgical centers (ASCs) are increasingly utilizing peripheral catheters due to their focus on outpatient procedures that require short-term intravenous access. These centers cater to patients undergoing minor surgical interventions, often necessitating the rapid administration of medications or fluids. The trend toward outpatient surgery is advancing the adoption of peripheral catheters, as patients prefer the convenience and efficiency of receiving care in ASCs. As healthcare systems continue to shift towards outpatient care models, the utilization of peripheral catheters in ASCs is projected to grow significantly. The lower cost and improved access to care offered by ASCs also contribute to their increasing market share in peripheral catheters.

Long-term Care Centers:

Long-term care centers are another important distribution channel for peripheral catheters, as they cater to elderly patients and individuals with chronic conditions requiring prolonged intravenous access. These facilities often manage patients with complex medical needs, necessitating the use of peripheral catheters for medication administration, nutrition, and hydration. The rising population of elderly individuals who require long-term care services drives the demand for peripheral catheters in these settings. Furthermore, the emphasis on providing quality care for residents in long-term care centers aligns with the need for efficient and effective intravenous therapy solutions. As the long-term care sector continues to evolve, the utilization of peripheral catheters is expected to rise.

By Material Type

Polyurethane:

Polyurethane is one of the most widely used materials for manufacturing peripheral catheters due to its excellent biocompatibility and flexibility. Catheters made from polyurethane are known for their durability and resistance to kinking, making them suitable for various medical applications. The material's ability to withstand high pressures while maintaining structural integrity is a significant advantage, particularly in critical care settings. Additionally, polyurethane catheters can be designed to minimize thrombogenicity, reducing the risk of clot formation during use. As healthcare providers increasingly prioritize patient safety and comfort, the demand for polyurethane peripheral catheters is projected to rise.

Silicone:

Silicone is another important material used in the production of peripheral catheters, particularly for long-term applications. The biocompatibility of silicone makes it an ideal choice for patients requiring extended intravenous access. Silicone catheters are known for their softness and flexibility, which enhance patient comfort and reduce irritation at the insertion site. Moreover, silicone's resistance to chemical degradation contributes to its longevity and effectiveness in various medical settings. As the demand for long-term catheter solutions continues to grow, silicone peripheral catheters are expected to see increased adoption across healthcare facilities.

Teflon:

Teflon is utilized in the manufacture of certain types of peripheral catheters, particularly those designed for short-term use. The hydrophobic nature of Teflon reduces friction during insertion, making it easier for healthcare professionals to place the catheter without causing significant discomfort to the patient. Additionally, Teflon's resistance to chemical reactions enhances its suitability for administering a wide range of medications. As the healthcare industry emphasizes the importance of patient comfort and procedural efficiency, the utilization of Teflon catheters in the peripheral catheter market is expected to grow. The demand for Teflon-based solutions is particularly pronounced in emergency and surgical settings where quick access is critical.

PVC:

Polyvinyl chloride (PVC) is a commonly used material in the production of peripheral catheters, particularly for its cost-effectiveness and flexibility. PVC catheters are available in various designs and configurations, making them versatile for different medical applications. While they may not offer the same level of biocompatibility as polyurethane or silicone, PVC catheters remain popular in many healthcare facilities due to their affordability. The demand for PVC catheters is driven by their widespread use in hospitals and clinics for short-term intravenous access. As healthcare providers seek to balance quality with cost considerations, the utilization of PVC peripheral catheters is expected to persist.

By Region

The global peripheral catheters market is segmented by region, with North America leading the market share, accounting for over 40% of the total market in 2023. The presence of advanced healthcare infrastructure, coupled with an increasing prevalence of chronic diseases and a high volume of surgical procedures, drives the demand for peripheral catheters in this region. The U.S., in particular, contributes significantly to the market due to its extensive healthcare expenditures and ongoing technological advancements in catheter design. Furthermore, the growing emphasis on patient safety and the adoption of safety-engineered products are expected to enhance market growth in North America, projecting a CAGR of 5.5% during the forecast period.

Europe is the second-largest market for peripheral catheters, accounting for approximately 30% of the global market share in 2023. The region's robust healthcare systems and increasing investments in medical technologies support the growth of peripheral catheters. Additionally, the rising geriatric population in countries such as Germany, France, and the United Kingdom contributes to the demand for intravenous therapies. The ongoing efforts to improve patient safety and reduce hospital-acquired infections also drive the adoption of safety peripheral catheters in Europe. Meanwhile, the Asia Pacific region is anticipated to witness the highest growth rate during the forecast period, as emerging economies like India and China expand their healthcare infrastructure. This growth presents significant opportunities for peripheral catheter manufacturers seeking to penetrate these rapidly developing markets.

Opportunities

The peripheral catheters market is poised for significant growth driven by numerous opportunities emerging from advancements in medical technology and changing healthcare policies. The introduction of innovative catheter designs, such as smart catheters equipped with sensors for monitoring intravenous therapy, presents a lucrative opportunity for manufacturers. These technologies not only enhance patient safety but also improve the overall efficiency of medical procedures. As healthcare providers increasingly prioritize patient-centered care, the adoption of such advanced devices is expected to rise, creating pathways for market expansion. Furthermore, partnerships and collaborations between medical device manufacturers and healthcare providers can facilitate the development of tailored solutions that meet specific clinical needs, thereby enhancing the market's growth potential.

Another substantial opportunity lies in the growing focus on preventive healthcare and outpatient services. As healthcare systems shift towards more decentralized models, there is an increasing demand for peripheral catheters that cater to outpatient procedures and home healthcare. This trend is particularly evident in telehealth services and home infusion therapies, which require efficient and reliable intravenous access solutions. Manufacturers who can capitalize on this trend by developing user-friendly and effective peripheral catheters for home use are likely to gain a competitive edge. Additionally, the rising prevalence of chronic diseases, coupled with an aging population, further propels the demand for long-term catheter solutions, thus creating a myriad of opportunities in the peripheral catheters market.

Threats

Despite the promising growth trajectory of the peripheral catheters market, several threats could hinder its expansion. One of the primary concerns is the risk of catheter-related complications, such as infections and thrombosis, which can adversely affect patient outcomes and lead to increased healthcare costs. These complications often result in extended hospital stays and additional treatments, creating a negative perception of peripheral catheters among healthcare providers and patients alike. Consequently, the potential for adverse events may deter some healthcare facilities from adopting these devices, particularly in high-risk patient populations. Furthermore, stringent regulatory requirements governing medical devices may pose challenges for manufacturers, as compliance with evolving standards can increase operational costs and time-to-market.

Additionally, competition from alternative access devices, such as central venous catheters and midline catheters, presents a challenge for the peripheral catheters market. While peripheral catheters are favored for their ease of use and lower complication rates, central venous catheters offer advantages for patients requiring long-term access or volume infusion. As healthcare providers evaluate the best options for intravenous access, the growing popularity of these alternative devices could impact the demand for peripheral catheters. Manufacturers must continuously innovate and improve their product offerings to remain competitive in this evolving landscape. Economic downturns and budget constraints in healthcare systems may also result in reduced purchasing power for peripheral catheter products, further impacting market growth.

Competitor Outlook

• BD (Becton, Dickinson and Company)
• Smiths Medical
• Medtronic
• Teleflex Incorporated
• Terumo Corporation
• Vygon S.A.
• Fresenius Kabi AG
• Boston Scientific Corporation
• Halyard Health
• AngioDynamics, Inc.
• Cardinal Health, Inc.
• 3M Health Care
• Stryker Corporation
• Cook Medical
• Intravascular Catheter Solutions

The competitive landscape of the peripheral catheters market is characterized by a diverse range of manufacturers offering various products designed for different medical applications. Major companies in this sector are continually investing in research and development to introduce innovative catheter solutions that enhance patient safety and improve clinical outcomes. The market players are focusing on expanding their product portfolios by incorporating advanced materials and technologies, such as safety-engineered devices aimed at minimizing the risk of needlestick injuries. Additionally, partnerships and collaborations among key industry players are emerging as a strategy to leverage complementary strengths and enhance market presence.

BD (Becton, Dickinson and Company) is one of the leading players in the peripheral catheters market, renowned for its extensive range of catheter products designed for various applications. The company is committed to innovation, continuously developing new technologies that prioritize patient safety and comfort. BD's peripheral catheters incorporate advanced materials and safety features that address the challenges faced by healthcare providers, making them a preferred choice in hospitals and clinics worldwide. Similarly, Medtronic and Teleflex Incorporated are also key competitors that focus on developing high-quality peripheral catheters with advanced safety features and improved functionality.

Teleflex Incorporated, for instance, has a well-established portfolio of peripheral catheters designed for ease of use and patient comfort. Their products are widely utilized in critical care and emergency settings, where rapid access to the vascular system is essential. The company is also keen on expanding its global footprint through strategic acquisitions and partnerships. On the other hand, Terumo Corporation is recognized for its commitment to research and development, continually investing in new technologies that enhance catheter performance and patient safety. The competitive dynamics of the peripheral catheters market are expected to evolve as companies strive to differentiate themselves through innovation, quality, and customer service.