Peripherally Inserted Central Catheter (PICC) Industry Insights 2025 – Market Forecast for Executives and Planners
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How Has the Peripherally Inserted Central Catheter (PICC) Market Size Changed, over the years?
In recent times, the peripherally inserted central catheter (PICC) market has experienced significant growth. The market which was valued at $1.02 billion in 2024, is projected to grow to $1.08 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. A shift towards outpatient care, an aging population, reduced healthcare costs, enhanced patient safety and comfort, along with the expansion of interventional radiology, all contributed to the growth pattern in the historic period.
How Much Will the Peripherally Inserted Central Catheter (PICC) Market Be Worth in 2029?
The market size for the peripherally inserted central catheter (PICC) is projected to experience a consistent growth in the upcoming years, reaching $1.29 billion in 2029 with a compound annual growth rate (CAGR) of 4.4%. This projected growth in the future timeframe can be linked to the widening of interventional radiology practices, emphasis on infection control and prevention, escalating healthcare spending, and initiatives focused on patient-centered care. The forecast period is also predicted to witness key trends such as advancements in technology, personalized healthcare, less invasive procedures, incorporation of digital health technologies, as well as regulatory adherence and standardization.
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Which is the Largest Company 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.
What Are the Main Market Drivers in the Peripherally Inserted Central Catheter (PICC) Industry?
The projected increase in chronic health conditions is anticipated to boost the expansion of the peripherally inserted central catheter market in the future. Chronic ailments are long-lasting health issues which often develop gradually over an extended period, including afflictions like cancer, diabetes, hypertension, stroke, heart disease, respiratory ailments, arthritis, obesity, and oral diseases. In such conditions, to facilitate long-term intravenous access for drugs, fluids, parenteral nutrition, and blood samples, peripherally inserted central catheters (PICCs) are utilized. For example, as per the National Library of Medicine based in the United States, in January 2023, a 99.5% surge in the population aged 50 years and above suffering from one or more chronic diseases is expected. This is estimated to result in a rise from 71.522 million in 2020 to 142.66 million by 2050 in the United States. Consequently, this increasing prevalence of chronic diseases is seen as an impetus to the growth of the peripherally inserted central catheter (PICC) market.
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How Is the Peripherally Inserted Central Catheter (PICC) Market Segments Structured?
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
What Strategic Trends Are Transforming the Peripherally Inserted Central Catheter (PICC) Market?
Leading businesses in the Peripherally Inserted Central Catheter (PICC) market are concentrating on the development of new technologies such as PICC insertion devices, to enhance their services with sophisticated features. PICC insertion devices are particular medical tools that are used to position PICCs into a peripheral vein, usually in the arm, and navigate them through the blood vessels until they reach a larger vein close to the heart. For example, in May 2023, Teleflex Incorporated, a medical device firm based in the US, introduced two novel PICC insertion devices – the Arrow VPS Rhythm DLX Device and the NaviCurve Stylet. The VPS Rhythm DLX Device employs cardiac electrical activity to deliver real-time information on the position of the catheter tip. The tool also comes with an optional integrated ultrasound and a catheter-to-vessel ratio tool for consistent vessel measurement. This device, when used with the Arrow PICC equipped with the NaviCurve Stylet, provides advanced tip navigation or location technology. The VPS Rhythm DLX Device with TipTracker Technology negates the need for a confirmatory x-ray, letting the doctor perform smooth PICC insertion via ultrasound vascular assessment, PICC navigation, and final tip verification in the lower third of the superior vena cava.
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Which Global Regions Offer the Highest Growth in 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.
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This Report Delivers Insight On:
1. How big is the peripherally inserted central catheter (picc) market, and how is it changing globally?
2. Who are the major companies in the peripherally inserted central catheter (picc) market, and how are they performing?
3. What are the key opportunities and risks in the peripherally inserted central catheter (picc) market right now?
4. Which products or customer segments are growing the most in the peripherally inserted central catheter (picc) market?
5. What factors are helping or slowing down the growth of the peripherally inserted central catheter (picc) market?
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