DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Short Peripheral Intravenous Catheter Market 2017-2021" report to their offering.
The analysts forecast the global short PIVC market to grow at a CAGR of 6.43% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global short PIVC market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of various short PIVCs to key end-users such as hospitals, Ambulatory Surgical Centers (ASCs), and Clinics. The report also includes a discussion of the key vendors operating in this market.
Further, the report states that the global short PIVC market is characterized by the presence of many players. For instance, C.R Bard and Becton Dickenson are few leading players in the market that have a competitive advantage over other players.
Also, these companies have huge distribution channels and contracts with all the major leading hospitals and health centers, which increases the competition in the market for emerging as well as new entrants in the market. C.R Bard has already established training centers to provide support to its customers besides increasing brand value.
This will further increase the brand loyalty of customers. In addition, vendors are currently finding it difficult to remain competitive in the market because of the lack of product differentiation. Since the features and functionalities of various products are similar in nature, most healthcare centers and physicians tend to opt for products based on the familiarity with a specific brand name.
For instance, the short PIVCs can be classified only into two types; ported and non-ported. In addition, non-ported is segmented into winged and straight. However, all the products are almost similar in terms of functionality and other features. Hence, it is critical for manufacturers to develop a technologically-advanced product line to achieve product differentiation. Thus, vendors need to be aware of the technological advancements and value-added features that can be added to short PIVCs to provide better drug delivery for patients. Therefore, the intense competition coupled with the lack of product differentiation is hampering the growth of the global market.
- Increasing hospitalizations fueling market growth
- Growing demand for safety short PIVCs
- Advances in technology
- Rising awareness of safety and best injection practices among end-users
- Safety concerns associated with usage of short PIVCs
- Growing popularity of alternatives such as needle-free injection devices and integrated PIVCs
- Growing adoption of non-ported short PIVCs
- High adoption in emerging economies
- Use of product bundling strategy
- Increasing safety guidelines driving adoption of safety PIVCs
- B. Braun Melsungen
- Becton Dickenson
- C.R. Bard
- Smiths Medical
- Terumo Medical
Other prominent vendors
- Dukwoo Medical
- Excel International
- Medline Industries
- NIPRO Medical
- Retractable Technologies
- Shanghai Puyi Medical Instruments
- MVM Life Science Partners
For more information about this report visit http://www.researchandmarkets.com/research/86jpng/global_short