Peripheral I.V. Catheter Market to See Strong Growth and Business Opportunities

From $3.7 billion in 2015, the global peripheral I.V. catheter market is expected to grow to $5.5 billion by 2022, registering a 6.0% CAGR during the forecast period (2016–2022). Peripheral I.V. catheters are intravenous devices that are made of user-friendly, non-irritant material, such as silicon. These devices are used for either infusing medication directly into the veins or drawing blood; being made of a safe material, they can remain in contact with the patient’s skin or vessels for extended period. The market is witnessing growth due to the rising geriatric population and increasing lifestyle-disease prevalence.

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