Prominent Peripherally Inserted Central Catheter (PICC) Market Trend for 2025: Innovative Shockwave E8 Peripheral IVL Catheter for Treating Peripheral Arterial Disease

What combination of drivers is leading to accelerated growth in the peripherally inserted central catheter (picc) market?
The rising incidence of chronic health conditions is predicted to be a key growth stimulator for the peripherally inserted central catheter market in the forthcoming years. Chronic diseases denote persistent health issues that usually exacerbate over a longer duration, encompassing conditions like cancer, hypertension, diabetes, cardiovascular diseases, lung diseases, arthritis, overweight, and oral ailments. Peripherally inserted central catheters (PICCs) have widespread application in such chronic illnesses, essentially to facilitate prolonged intravenous connectivity for medications, fluids, parenteral nutrition, and phlebotomy. For example, the National Library of Medicine, a US-based institution, reported in January 2023 that elderly individuals aged 50 years and above experiencing one or multiple chronic diseases is expected to surge by 99.5%, expanding from 71.522 million in 2020 to 142.66 million by 2050 in the United States alone. Consequently, the escalating incidence of chronic disease is fueling the growth of the peripherally inserted central catheter (PICC) market.

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What is the projected compound annual growth rate (CAGR) of the peripherally inserted central catheter (picc) market from 2025 to 2034, and what factors influence it?
The market size for the peripherally inserted central catheter (PICC) has seen significant growth in the past few years. The industry is projected to expand from a market worth of $1.02 billion in 2024 to $1.08 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.8%. The historical growth in this sector can be credited to a focus shift to outpatient care, an aging population, lessened healthcare costs, enhanced safety and comfort for patients, and the development of interventional radiology.

Anticipated to experience steady expansion in the upcoming years is the peripherally inserted central catheter (PICC) market, projected to reach a value of $1.29 billion by 2029, climbing at a compound annual growth rate (CAGR) of 4.4%. The growth over the forecast period is expected to be fuelled by the proliferation of interventional radiology practices, emphasis on infection prevention and control, increasing healthcare expenditure and initiatives toward patient-centric care. The key trends foreseen to shape the market during the forecast period include technological advancement in the field, a shift to personalized medicine, the integration of digital health technologies, adoption of minimally invasive procedures, as well as regulatory compliance and standardization.

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How are the latest trends influencing the growth of the peripherally inserted central catheter (picc) market?
Leading corporations in the Peripherally Inserted Central Catheter (PICC) sector are prioritising inventive technologies like PICC insertion devices to offer their consumer base improved and advanced functionalities. These are specialised medical tools devised explicitly for the positioning of PICCs into a peripheral vein, generally in the arm, and guiding these through the vascular system until the tip contacts a larger vein adjacent to the heart. For instance, in May 2023, Teleflex Incorporated, a medical device enterprise from the US, released two innovative PICC insertion devices named the Arrow VPS Rhythm DLX Device and the NaviCurve Stylet. The VPS Rhythm DLX Device utilises cardiac electrical activity to provide real-time data on the catheter tip's position. In addition, it has an optional integrated ultrasonography with a catheter-to-vessel ratio tool that aids in uniform vessel measuring. In synergy with the Arrow PICC bundled along with the NaviCurve Stylet, this tool provides new tip navigation or positioning technology. The requirement for a confirmatory x-ray is bypassed by the VPS Rhythm DLX Device featuring TipTracker Technology, permitting the medical practitioner to insert the PICC seamlessly via ultrasound vascular examination, navigation of the PICC, and ultimate tip verification in the bottom third of the superior vena cava.

What are the major segments of the peripherally inserted central catheter (picc) market and their role in driving growth?
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

Subsegments:
1) By Power-Injectable PICCs: Single Lumen Power-Injectable PICCs, Double Lumen Power-Injectable PICCs, Triple Lumen Power-Injectable PICCs
2) By Non-Power Injectable PICCs: Single Lumen Non-Power Injectable PICCs, Double Lumen Non-Power Injectable PICCs, Triple Lumen Non-Power Injectable PICCs

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Which regions are key players in the growth of the peripherally inserted central catheter (picc) market?
North America was the largest region in the peripherally inserted central catheter (PICC) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the peripherally inserted central catheter (PICC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the peripherally inserted central catheter (picc) market?
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.

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What Is Covered In The Peripherally Inserted Central Catheter (PICC) Global Market Report?

•Market Size Forecast: Examine the peripherally inserted central catheter (picc) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the peripherally inserted central catheter (picc) market for a structured understanding.
•Key Players Overview: Analyze major players in the peripherally inserted central catheter (picc) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the peripherally inserted central catheter (picc) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the peripherally inserted central catheter (picc) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the peripherally inserted central catheter (picc) market.
•Industry Challenges: Identify potential risks and obstacles affecting the peripherally inserted central catheter (picc) market.
•Competitive Landscape: Review strategic developments in the peripherally inserted central catheter (picc) market, including expansions, agreements, and new product launches.

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