Key Drivers and Opportunities in the Neonatal Intensive Care Units (NICU) Catheters Market: Insights into Trends and Growth
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What Long-Term Growth Rate is Expected for the Neonatal Intensive Care Units (NICU) Catheters Market Between 2025 and 2034?
In recent times, the neonatal intensive care units (NICU) catheters market has witnessed robust growth. The market size is expected to escalate from $0.44 billion in 2024 to $0.47 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%. The historic growth has been driven by factors such as increased instances of premature births, rise in admissions to the neonatal intensive care units, focus on preventing infections, government-led initiatives in the healthcare sector, and heightened awareness amongst healthcare professionals.
The market for catheters in neonatal intensive care units (NICU) is projected to experience consistent growth in the coming years, anticipating to expand to a value of $0.56 billion by 2029 with a compound annual growth rate (CAGR) of 4.8%. Factors contributing to the projected growth during the forecast period include a rising global birth rate, increased healthcare spending, a focus on less invasive procedures, regulatory backing and adherence, and the expansion of healthcare infrastructure in budding markets. Upcoming trends within this period include a focus on patient-centered strategies, innovations in catheter technology, strategic collaborations and partnerships, advancements in medical technology, and an increased demand for minimally invasive procedures.
What Are the Primary Drivers Supporting the Growth of the Neonatal Intensive Care Units (NICU) Catheters Market?
An increase in preterm birth rates is likely to stimulate the expansion of the neonatal intensive care unit (NICU) catheter market. Premature birth, often referred to as preterm birth, happens before 37 weeks of pregnancy have been completed. These premature infants often need specialized medical treatment, which includes the use of catheters for multiple functions like providing intravenous access, assisting with feeding and carrying out monitoring. For example, in January 2023, as per a report issued by the Centers for Disease Control and Prevention, a public health organization in the US, an increase of 1% was noticed in the total number of registered births, hitting 3,664,292, when compared to the previous year. As a result, the rise in preterm birth rates is positively impacting the growth of the neonatal intensive care unit (NICU) catheter market. The growth of the neonatal intensive care unit (NICU) catheter market is projected to be driven forward by the increasing number of neonatal admissions. Newborn infants are commonly admitted or hospitalized within their first 28 days of life for medical care and monitoring; this is referred to as neonatal admissions. Catheters in neonatal intensive care units (NICUs) are used to administer specialized medical care and monitor the health of premature or critically ill infants, ensuring their immediate health requirements are met, and improving their survival and health development probabilities. For example, according to the American Academy of Pediatrics (AAP), a non-profit organization in the US, in October 2023, the percentage of infants classified as late preterm (LPT) and low birth weight (LBW) who received exclusive care in the nursery increased from 83.9% to 88.8% due to unique circumstances. As a result, the rise in neonatal admissions is enhancing the growth of the neonatal intensive care unit (NICU) catheter market.
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What Are the Key Firms That Are Driving Transformation in the Neonatal Intensive Care Units (NICU) Catheters Market?
Major companies operating in the neonatal intensive care units (nicu) catheters market report are Cardinal Health Inc., Medtronic PLC, Becton, Dickinson and Company, Terumo Corporation, Edwards Lifesciences Corporation, Teleflex Incorporated, Cook Group Incorporated, ICU Medical Inc., Convatec Group PLC, Merit Medical Systems Inc., Hollister Incorporated, Avanos Medical Inc., Greiner Bio-One International GmbH, Smiths Medical ASD Inc., Vygon SA, AngioDynamics Inc., Nipro Medical Corporation, Argon Medical Devices Inc., PFM Medical AG, Romsons Group Pvt Ltd
What Current Trends in the Neonatal Intensive Care Units (NICU) Catheters Market Should Industry Players Pay Attention To?
Key players in the neonatal intensive care unit (NICU) catheter market, are boosting their market profitability by introducing innovative products such as cardiac cryoablation focal catheters. These novel catheters are designed to treat pediatric atrioventricular nodal reentrant tachycardia (AVNRT), a condition in which young cardiology patients experience irregular heart rhythms. For instance, Medtronic plc, a leading healthcare technology firm from Ireland, got FDA approval in February 2022 for their Freezor and Freezor Xtra Cardiac Cryoablation Focal Catheters. These are highly effective in treating severe heart rhythm disorders in pediatric patients. The Freezor and Freezor Xtra Catheters are flexible, single-use instruments that cool cardiac tissue and suppress unwanted electrical signals within the heart.
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How Are Key Segments Defining the Competitive Landscape of the Neonatal Intensive Care Units (NICU) Catheters Market?
The neonatal intensive care units (NICU) catheters market covered in this report is segmented –
1) By Type: Peripherally Inserted Central Catheters (PICCs), Central Venous Catheters (CVCs), Umbilical Venous Catheters (UVCs), Other Types
2) By Application: Medication Administration, Transfusion Of Blood, Diagnostic Testing, Feeding
3) By End User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Peripherally Inserted Central Catheters (PICCs): Single-Lumen PICCs, Multi-Lumen PICCs, Coated PICCs
2) By Central Venous Catheters (CVCs): Single-Lumen CVCs, Multi-Lumen CVCs, Tunneled CVCs
3) By Umbilical Venous Catheters (UVCs): Single-Lumen UVCs, Multi-Lumen UVCs
4) By Other Types: Arterial Catheters, Thoracic Catheters, Dialysis Catheters, Endotracheal Tubes
What Regions Are Driving Expansion in the Neonatal Intensive Care Units (NICU) Catheters Market?
North America was the largest region in the neonatal intensive care units (NICU) catheters market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neonatal intensive care units (nicu) catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does the Definition of the Neonatal Intensive Care Units (NICU) Catheters Market Include?
A neonatal intensive care unit catheter is a lengthy, pliable, hollow tube employed to enter a newborn baby’s vein or artery, allowing for intravenous access for the delivery of fluids, drugs, and blood products. These catheters are also used in neonatal intensive care units as a way for central venous pressure monitoring. It is used to help with breathing, deliver oxygen, or assist in mechanical ventilation when an infant has respiratory difficulties.
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