Unlocking Opportunities in the Peripherally Inserted Central Catheter (PICC) Market: 2025-2034 Forecast Report

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What Will the Peripherally Inserted Central Catheter (PICC) Industry Market Size Be by 2025?
There has been considerable growth in the market size of the peripherally inserted central catheter (picc) in recent years. The market value is predicted to increase from $1.02 billion in 2024 to $1.07 billion in 2025, representing a compound annual growth rate (CAGR) of 5.0%. A shift towards outpatient care, an aging population, decreased healare costs, enhanced patient comfort and safety, and the growth of interventional radiology can be credited for the growth observed during the historic period.

What's the Long-Term Growth Forecast for the Peripherally Inserted Central Catheter (PICC) Market Size Through 2029?
Expectations indicate that the market for peripherally inserted central catheter (PICC) is set to undergo consistent growth in the coming years. By 2029, the market size should reach an estimated worth of $1.27 billion, signifying a compound annual growth rate (CAGR) of 4.3%. Reasons for the projected growth during the forecast period include increased practices in interventional radiology, a strong emphasis on controlling and preventing infections, a rise in healare spending, and initiatives prioritizing patient care. Anticipated trends for this period consist of advancements in technology, the practice of personalized medicine, methods that are minimally invasive, the inclusion of digital health technologies, and a focus on regulation compliance and standardization.

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What Are the Key Growth Drivers Fueling the Peripherally Inserted Central Catheter (PICC) Market Expansion?
The surge in chronic diseases is anticipated to fuel the expansion of the peripherally inserted central catheter market in the foroming years. Chronic illnesses refer to enduring health issues that last for a long period and typically progress gradually. Conditions included under this category are diabetes, cancer, hypertension, stroke, heart and respiratory diseases, obesity, arthritis, and oral diseases. Peripherally inserted central catheters (PICCs) are utilized in these long-standing illnesses for extended intravenous access to medication, fluids, parenteral nutrition, and blood sampling. For instance, the National Library of Medicine, a U.S.-based institution, projected in January 2023 that the count of individuals 50 years and older with one or more chronic diseases will increase by 99.5%, touching 142.66 million by 2050, a significant leap from 71.522 million in 2020 in the United States. Consequently, the escalating incidence of chronic diseases is stimulating the growth of the peripherally inserted central catheter (PICC) market.

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What Are the Key Trends Driving Peripherally Inserted Central Catheter (PICC) Market Growth?
Leading corporations in the peripherally inserted central catheter (PICC) industry are putting their efforts into breakthrough technologies, like PICC insertion devices, aimed at enhancing their service quality with more sophisticated features. PICC insertion devices are custom-made medical tools for the purpose of positioning PICCs into a peripheral vein, commonly found in the arm, and navigating them throughout the vascular system until the tip reaches a larger vein close to the heart. Teleflex Incorporated, a medical device firm based in the US, for instance, introduced two new PICC insertion devices in May 2023 - the Arrow VPS Rhythm DLX Device and the NaviCurve Stylet. The VPS Rhythm DLX Device is equipped to offer real-time catheter tip position data through cardiac electrical activity. The device also includes an optional integrated ultrasound feature with a catheter-to-vessel ratio tool, ensuring consistency in measuring vessels. This device, paired with the Arrow PICC bundled with the NaviCurve Stylet, introduces innovative tip navigation or tracking technology. The VPS Rhythm DLX Device, with its TipTracker Technology, eliminates the need for a verifying x-ray, thereby allowing the physician to smoothly proceed with ultrasound vascular assessment, PICC navigation, and final tip confirmation in the lower third of the superior vena cava.

How Is the Peripherally Inserted Central Catheter (PICC) Market Segmented?
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 Companies Are Leading the Charge in Peripherally Inserted Central Catheter (PICC) Market Innovation?
Major companies operating in the peripherally inserted central catheter (PICC) market report are Cardinal Health Inc., Medtronic plc, Becton inson 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.

Which Regions Are Leading the Global Peripherally Inserted Central Catheter (PICC) Market in Revenue?
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.

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