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Peripherally Inserted Central Catheter (PICC) Market 2024-2033: Opportunity Assessment, Competitive Landscape, Regional Demand And Major Players
Peripherally Inserted Central Catheter (PICC) Market
The Business Research Company presents an extensive market research report on the Peripherally Inserted Central Catheter (PICC) Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The peripherally inserted central catheter (PICC) market size has grown strongly in recent years. It will grow from $1.01 billion in 2023 to $1.08 billion in 2024 at a compound annual growth rate (CAGR) of 6.61%. The growth in the historic period can be attributed to shift towards outpatient care, aging population, reduction in healthcare costs, improved patient comfort and safety, expansion of interventional radiology.
The peripherally inserted central catheter (PICC) market size is expected to see steady growth in the next few years. It will grow to $1.32 billion in 2028 at a compound annual growth rate (CAGR) of 5.17%. The growth in the forecast period can be attributed to expansion of interventional radiology practices, focus on infection prevention and control, rising healthcare expenditure, patient-centered care initiatives. Major trends in the forecast period include technological advancements, personalized medicine, minimally invasive procedures, integration of digital health technologies, regulatory compliance and standardization.
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Key Market Players:
Major companies operating in the peripherally inserted central catheter (picc) market report are Cardinal Health Inc., Medtronic plc, Becton Dickinson and Company, Boston Scientific Corporation, B. Braun Medical Ltd, Teleflex Incorporated, ICU Medical Inc., Cook Medical, AngioDynamics, Argon Medical, PFM Medical Inc., Poly Medicure Ltd., Kimal Plc, Utah Medical Products Inc., Martech Medical Products, NeoMedical, Medical Components Inc, DeltaMed Solutions Inc., Access Vascular Inc., Medi-Tech Devices, Footprint Medical Incorporated, Biowy Corporation, Husk Medical B.V., Medcomp, Vygon Ltd, Haolang Technology (Foshan) Limited Co. Ltd.
Market Drivers:
The growing prevalence of chronic diseases is expected to propel the growth of the peripherally inserted central catheter market in the coming years. Chronic diseases refer to long-term health conditions that persist over an extended period and often progress slowly, such as cancer, diabetes, hypertension, stroke, heart disease, respiratory diseases, arthritis, obesity, and oral diseases. Peripherally inserted central catheters (PICCs) are employed in chronic conditions to provide long-term intravenous access to drugs, fluids, parenteral nutrition, and blood draws. For instance, in January 2023, according to the National Library of Medicine, a US-based agency, the number of individuals aged 50 years and older having one or more chronic illnesses is projected to rise by 99.5%, reaching 142.66 million by 2050, up from 71.522 million in 2020 in the United States. Therefore, the growing prevalence of chronic diseases is driving the growth of the peripherally inserted central catheter (PICC) market.
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https://www.thebusinessresearchcompany.com/report/peripherally-inserted-central-catheter-picc-global-market-report
The peripherally inserted central catheter (picc) market covered in this report is segmented -
1) By Device Type: Power-Injectable, Non-Power Injectable
2) By Lumen Type: Single, Double, Triple
3) By Kit Type: Tip-Placement Kit, Conventional Kit
4) By End User: Hospitals and Clinics, Ambulatory Surgical Centers, Catheterization Laboratories
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