Peripherally Inserted Central Catheter (PICC) Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis

The Peripherally Inserted Central Catheter (PICC) Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Peripherally Inserted Central Catheter (PICC) Market Size and Its Estimated Growth Rate?
The market for peripherally inserted central catheters (PICC) has seen significant growth recently. The projections suggest an increase from $1.02 billion in 2024 to $1.08 billion in 2025, representing a compound annual growth rate (CAGR) of 5.8%. The exponential surge noted in the previous years can be traced back to a move towards outpatient treatment, an aging demographic, a cutback in healthcare expenses, enhanced patient comfort and safety, and the expansion in the field of interventional radiology.

The market for peripherally inserted central catheter (PICC) is predicted to experience a continuous boost for the forthcoming years. It is expected to expand to $1.29 billion by 2029, with a compound annual growth rate (CAGR) of 4.4%. The enlargement of interventional radiology practices, an emphasis on infection prevention and control, increased healthcare expenditure, and initiatives towards patient-centered care contribute to the growth in the projection period. The prediction period will also see dominant tendencies such as technological advancements, individualized medicine, minimally invasive procedures, the incorporation of digital health technologies, and regulatory compliance and standardization.

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How Are Emerging Segments Shaping the Peripherally Inserted Central Catheter (PICC) Market Landscape?
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 Growth Factors Are Influencing Peripherally Inserted Central Catheter (PICC) Market Expansion?
The forecasted rise in chronic diseases is anticipated to stimulate the development of the peripherally inserted central catheter market in the future. Chronic diseases are health issues that last for an extended duration and may develop gradually. These include conditions such as cancer, diabetes, hypertension, stroke, heart disease, respiratory illnesses, arthritis, obesity, and dental diseases. Peripherally inserted central catheters (PICCs) are used in such chronic cases to offer prolonged intravenous access for medications, fluids, parenteral nutrition, and blood draws. For example, the National Library of Medicine, a US-based agency, predicted in January 2023 that the number of individuals 50 years and older who have one or more chronic illnesses will increase by 99.5%, hitting 142.66 million by 2050. This is a substantial raise from 71.522 million in 2020 in the United States. Consequently, the rising occurrences of chronic diseases are fuelling the expansion of the peripherally inserted central catheter (PICC) market.

Who Are the Dominant Players Across Different Peripherally Inserted Central Catheter (PICC) Market Segments?
Major companies operating in the peripherally inserted central catheter (PICC) market report are Cardinal Health Inc., Medtronic plc, Becton dic*kinson 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.

What Are the Latest Developing Trends in the Peripherally Inserted Central Catheter (PICC) Market?
Prominent organizations in the realm of the peripherally inserted central catheter (PICC) industry are concentrated on pioneering technology, such as devices for the insertion of PICCs, to enhance the experience and meet the needs of their clientele. PICC insertion devices are specialised medical equipment crafted for the application of PICCs, leading them through the arm's peripheral vein and steering them through the vascular system until the endpoint reaches a substantial vein close by the heart. To illustrate, Teleflex Incorporated, an American medical device enterprise, introduced two novel PICC device introductions, the Arrow VPS Rhythm DLX Device, and the NaviCurve Stylet, in May 2023. The VPS Rhythm DLX Device utilizes cardiac electric activity to provide immediate information on the position of the catheter tip. This device also incorporates an optional in-built sonography device with a vessel-to-catheter ratio tool to ensure precise measurement of the vessel. In combination with the Arrow PICC packaged with the NaviCurve Stylet, this device endows a unique tip location and navigation technology. The employment of the VPS Rhythm DLX Device with TipTracker Technology obviates the need for a validation x-ray and enables the medical practitioner to place the catheter efficiently, utilizing ultrasound vascular evaluation, PICC navigation, and final tip verification in the bottom third of the superior vena cava.

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Which Geographic Regions Are Expected to Dominate the Peripherally Inserted Central Catheter (PICC) Market in the Coming Years?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Peripherally Inserted Central Catheter (PICC) Market?
2. What is the CAGR expected in the Peripherally Inserted Central Catheter (PICC) Market?
3. What Are the Key Innovations Transforming the Peripherally Inserted Central Catheter (PICC) Industry?
4. Which Region Is Leading the Peripherally Inserted Central Catheter (PICC) Market?

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