Peripherally Inserted Central Catheter Market Value Size Share Analysis 2022-2029

The Peripherally Inserted Central Catheter Market is expected to grow at a CAGR of 5% during the forecast period 2022-2029. North America region has the highest market share in the Peripherally Inserted Central Catheter Market, and it is further continuing its dominance during the forecast period.

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Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also report contains a number of major companies profiled in the relevant market.

Market Drivers:

The growth of the global market is driven by healthcare professionals' growing preference for PICC over standard intravenous lines. It is significantly more elongated and goes further into the vein than a standard intravenous (IV) because it offers a few advantages, such as a PICC line that is thicker and more durable. A PICC line is used by medical professionals rather than a standard intravenous line because it can stay in place for longer (up to three months, and sometimes even longer), reducing the number of needle sticks a child needs for blood draws.

Patients can get impressive measures of liquids or meds (like chemotherapy) that probably won't run through standard IVs; It can help a person with a serious infection get intravenous antibiotics for a few weeks, it can help people who need intravenous nutrition, and it is very helpful for patients who will need a lot of blood transfusions. Furthermore, the use of PICC accelerates the rising prevalence of chronic diseases. For instance, non-communicable diseases (NCDs) account for 41 million deaths annually, according to WHO data. They are anticipated to rise to 52 million by 2030, representing 74% of all deaths worldwide and 75% of all deaths within just eight years; An NCD kills over 17 million people before they reach 70; Low- and middle-income nations account for 86% of these premature deaths. Additionally, the NCD Alliance estimates that cardiovascular disease, respiratory disease, diabetes, and cancer alone could cause a global productivity loss of approximately 47 trillion dollars between 2011 and 2030.

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Market Segmentation:

By Product Type:
• Power injected
• Conventional

By Design Type:
• Single Lumen
• Double Lumen
• Multiple Lumen

By Distribution Channel:
• Hospitals
• Nursing Facilities
• Homecare

Geographical Classification:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Major Companies Listed:

AngioDynamics, Inc., Bard Inc., Teleflex Incorporated, B. Braun Melsungen AG, Medtronic plc, Vygon S.A, Cook Medical, Inc., Becton, Dickinson and Company, Boston Scientific Corporation, Argon Medical Devices, Inc., Medical Component Inc., and Theragenics Corporation.

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We monitor and analyse the market by dissecting various market influencers, competitive intensity, innovations, trends, and emerging products. This aids us in providing a detailed scenario of the present and future of the market.

This release was published on openPR.