$0.56 Billion Forecast for Neonatal Intensive Care Units (NICU) Catheters Market by 2029, Backed by Demand and Innovation
Discover trends, market shifts, and competitive outlooks for the neonatal intensive care units (nicu) catheters industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Is the Estimated Market Size of the Neonatal Intensive Care Units (NICU) Catheters Market In 2029?
The market size for catheters in neonatal intensive care units (NICU) has witnessed substantial growth in the past years. The market value is projected to rise from $0.44 billion in 2024 to $0.47 billion in 2025, showing a compound annual growth rate (CAGR) of 6.1%. This growth during the historic period can be tied to factors such as the rising incidence of premature births, an increase in admissions to neonatal intensive care units, a concentrated effort towards preventing infection, healthcare initiatives from the government, and heightened awareness among healthcare professionals.
In the forthcoming years, the market for neonatal intensive care units (NICU) catheters is projected to consistently expand, reaching a valuation of $0.56 billion in 2029 with a compound annual growth rate (CAGR) of 4.8%. The anticipated growth during the forecast period may be due to factors such as increased global birth rates, higher healthcare spending, focus on less intrusive procedures, regulatory backing and adherence, and the development of healthcare infrastructure in booming markets. For the forecast period, significant trends would include a focus on patient-centric methods, technological progress in catheter construction, partnerships and collaborations, advancements in medical technology, and the increasing demand for minimally invasive procedures.
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What Are the Core Growth Drivers Propelling the Neonatal Intensive Care Units (NICU) Catheters Market Forward?
The increasing incidence of preterm births is expected to fuel the expansion of the neonatal intensive care unit (NICU) catheter market in the future. Preterm birth or premature birth indicates that a baby is born before completing 37 weeks of pregnancy. Such infants often need specialized healthcare, which includes the use of catheters for purposes like intravenous access, nourishing, and keeping an eye on their health. As an example, in January 2023, the Centers for Disease Control and Prevention, a US-based national public health institution, reported that an increase of 1% was noticed in registered births in the United States, amounting to 3,664,292, in contrast with the previous year. Subsequently, escalating rates of preterm births are giving rise to the growth of the neonatal intensive care unit (NICU) catheter market in the future. An increase in neonatal admissions is also expected to boost the growth of the neonatal intensive care unit (NICU) catheter market. Neonatal admissions involve the hospitalization or admission of newborns, usually within the first 28 days of birth, for medical care and health monitoring. Infant care makes use of neonatal intensive care unit (NICU) catheters to offer specialized medical treatments and surveillance for premature or gravely ill babies, addressing their instant health requirements and enhancing their survival and healthy growth prospects. For instance, in October 2023, the American Academy of Pediatrics (AAP), a non-profit organization based in the US, documented that the percentage of infants classified as late preterm (LPT) and low birth weight (LBW) who were cared for solely in the nursery climbed from 83.9% to 88.8% owing to unusual conditions. Consequently, the rising neonatal admissions are fueling the growth of the neonatal intensive care unit (NICU) catheter market in the future.
What Segment Types Define the Neonatal Intensive Care Units (NICU) Catheters Market Structure?
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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Which Geographic Areas Hold the Strongest Growth Potential 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.
Which Emerging Trends that Are Influencing theNeonatal Intensive Care Units (NICU) Catheters Industry Evolution?
Prominent firms in the neonatal intensive care unit (NICU) catheter market are focusing on the creation of advanced items like cardiac cryoablation focal catheters to enhance their market profitability. These catheters are designed for the treatment of pediatric atrioventricular nodal reentrant tachycardia (AVNRT) – a disorder leading to irregular heart rhythm in pediatric cardiology patients. To give an example, Medtronic plc, a healthcare technology company based in Ireland, in February 2022, obtained FDA approval for their Freezor and Freezor Xtra Cardiac Cryoablation Focal Catheters. These catheters, specifically designed for cardiology procedures, treat severe heart rhythm conditions in pediatric patients. The Freezor and Freezor Xtra Catheters are versatile, single-use tools used for the refrigeration of cardiac tissue and the suppression of unnecessary electrical heart impulses.
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What Is the Definition of the Neonatal Intensive Care Units (NICU) Catheters Market?
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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