How Will the Neonatal Intensive Care Units (NICU) Catheters Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How has the Neonatal Intensive Care Units (NICU) Catheters market grown over the years?
In recent times, the market size for catheters used in neonatal intensive care units (NICU) has shown notable growth. The market is anticipated to expand from $0.44 billion in 2024 to $0.47 billion in 2025, presenting a compound annual growth rate (CAGR) of 6.1%. Factors that contributed to growth in the past include increased rates of premature births, escalating admissions to neonatal intensive care units, an emphasis on infection prevention, government-led initiatives in the healthcare sector, and the growing enlightenment among healthcare professionals.
What Is the forecasted market size and growth rate for the network access control market?
The market size of the neonatal intensive care units (NICU) catheters is projected to experience a consistent increase in the coming years, expanding to a value of $0.56 billion by 2029 at a compound annual growth rate (CAGR) of 4.8%. This projected growth during the forecast period is driven by factors such as a surge in global birth rates, amped up healthcare spending, a focus on minimally invasive techniques, regulatory backing and compliance, and an expansion of healthcare infrastructure in developing markets. The key trends in this timeframe include a shift towards patient-oriented strategies, technological leaps in catheter design, collaborations and partnerships, advancements in the medical technology arena, and a surge in demand for minimally invasive procedures.
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What are the major factors driving growth in the neonatal intensive care units (nicu) catheters market?
The neonatal intensive care unit (NICU) catheter market is projected to expand due to the increasing rates of preterm births. A preterm birth, or premature birth, is defined as any birth occurring before the child completes 37 weeks of gestation. Premature babies frequently necessitate specialized medical care, including the use of catheters for tasks such as intravenous access, nourishment, and monitoring. As an example, data from the Centers for Disease Control and Prevention, a national public health organization in the US, reported in January 2023 that the United States recorded a 1% rise in registered births, with a total of 3,664,292. This represented an increase compared to the previous year. This implies that increasing rates of premature births are contributing to the growth of the NICU catheter market.
Neonatal Intensive Care Units (NICU) Catheters Market Driver: Increase In Neonatal Admissions Accelerates NICU Catheter Market Progress
What key areas define the segmentation of the global 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
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What are the top market players propelling the growth of the neonatal intensive care units (nicu) catheters industry?
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 are the key trends shaping the future of the neonatal intensive care units (nicu) catheters market?
Leading players in the Neonatal Intensive Care Unit (NICU) catheter market are innovating with cutting-edge products like cardiac cryoablation focal catheters to enhance their market profitability. These specially-designed catheters are used to manage pediatric atrioventricular nodal reentrant tachycardia (AVNRT), a condition causing irregular heart rhythms in pediatric cardiology patients. Notably, in February 2022, Ireland’s Medtronic plc, a frontrunner in healthcare technology, secured FDA approval for its Freezor and Freezor Xtra Cardiac Cryoablation Focal Catheters. These catheters, intended for the treatment of critical heart rhythm disorders in pediatric cases, are pliable, single-use devices that function by chilling cardiac tissue and suppressing undesirable electrical signals within the heart.
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What regions are dominating the neonatal intensive care units (nicu) catheters market growth?
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.
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