Unlocking Opportunities in the Neonatal Intensive Care Units (NICU) Catheters Market: Key Trends, Market Growth, and Forecast Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Factors Are Propelling the Market Growth of theNeonatal Intensive Care Units (NICU) Catheters Market from 2025 to 2034?
The market for neonatal intensive care unit (NICU) catheters is set for growth, driven by an increase in premature births – a birth that occurs before 37 weeks of gestation are complete. These infants are often in need of specialized medical attention, including the use of catheters for intravenous access, feeding and monitoring. For example, a report released by the Centers for Disease Control and Prevention in January 2023 revealed a 1% upswing in US births, amounting to a total of 3,664,292, in comparison to the year prior. This increase in premature births is anticipated to fuel the NICU catheter market’s growth. The NICU catheter market is also poised for expansion due to the growth in neonatal admissions – the hospitalization of newborns, usually during the first 28 days after birth, for medical care and monitoring. Newborn care frequently uses NICU catheters to offer specialized medical procedures and monitoring to premature or critically sick infants, guaranteeing their immediate health requirements are fulfilled and boosting their survival and healthy growth possibilities. As per the American Academy of Pediatrics (AAP), the proportion of infants termed as late preterm (LPT) and low birth weight (LBW) exclusively treated in the nursery surged from 83.9% to 88.8% in October 2023 due to extraordinary circumstances. This rise in neonatal hospitalizations is expected to further stimulate the growth of the NICU catheter market.
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#What is the Anticipated CAGR of theNeonatal Intensive Care Units (NICU) Catheters Market, and What Factors Will Drive It?
The market size for catheters in neonatal intensive care units (NICU) has experienced significant growth in recent years, expanding from a value of $0.44 billion in 2024 to an estimated $0.47 billion in 2025. This represents a compound annual growth rate (CAGR) of 6.1%. Factors driving this growth during the historical period include an increasing number of premature births, a rise in NICU admissions, a heightened focus on preventing infections, healthcare initiatives put forth by the government, and growing awareness within the medical professional community.
In the coming years, a consistent expansion is predicted for the neonatal intensive care units (NICU) catheters market. By 2029, it is projected to increase to a value of $0.56 billion with a compound annual growth rate (CAGR) of 4.8%. This growth during the estimated period can be linked to factors such as a surge in global birth rates, amplified healthcare spending, a focus on minimally invasive techniques, regulatory backing and adherence, as well as the expansion of healthcare facilities in developing markets. Within the projection period, prominent trends such as patient-focused strategies, technological progress in catheter design, strategic collaborations and partnerships, developments in medical technology, and a growing demand for minimally invasive operations are expected to be observed.
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How Are Market Trends and Innovations Revolutionizing theNeonatal Intensive Care Units (NICU) Catheters Industry in Recent Times?
Top firms in the neonatal intensive care unit (NICU) catheter market are focusing on the design and production of cutting-edge items such as cardiac cryoablation focal catheters to enhance their market financial returns. These innovative catheters are designed for the treatment of pediatric atrioventricular nodal reentrant tachycardia (AVNRT); a condition where children with cardiac issues experience irregular heart rhythms. For instance, in February 2022, the Ireland-based healthcare technology establishment, Medtronic plc, secured FDA authorization for their Freezor and Freezor Xtra Cardiac Cryoablation Focal Catheters. These tools are utilized in the treatment of critical cardiac rhythm disorders in young patients. The Freezor and Freezor Xtra Catheters are flexible, single-use devices intended for cardiac tissue cooling and the suppression of unwanted cardiac electrical signals.
Which Key Market Players Are Shaping the Future and Growth of theNeonatal 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
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What Are the Core Segments of the Neonatal Intensive Care Units (NICU) Catheters Market, and How Do They Contribute to Growth?
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 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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