Comprehensive Analysis of the Peripherally Inserted Central Catheter (PICC) Market 2025-2034: Growth Rates, Trends, and Future Opportunities
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How has the peripherally inserted central catheter (picc) market grown over the years?
The peripherally inserted central catheter (PICC) market has grown significantly in recent years and is set to increase from $1.02 billion in 2024 to $1.08 billion in 2025, with a CAGR of 5.8%. Key drivers of historical growth include a shift towards outpatient care, an aging population, cost reduction in healthcare, improved patient comfort and safety, and the expansion of interventional radiology.
What Is the forecasted market size and growth rate for the peripherally inserted central catheter (picc) market?
The peripherally inserted central catheter (PICC) market is forecasted for steady expansion, reaching $1.29 billion by 2029 at a CAGR of 4.4%. Growth will be driven by the expansion of interventional radiology, increased focus on infection prevention, rising healthcare expenditure, and patient-centered care initiatives. Trends include technological advancements, personalized medicine applications, minimally invasive techniques, digital health integration, and regulatory standardization.
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What are the major factors driving growth in the peripherally inserted central catheter (picc) market?
The escalating incidence of chronic illnesses is anticipated to boost the peripherally inserted central catheter market’s growth in the future. Chronic diseases are extended-term health issues that tend to develop slowly over time, including cancer, diabetes, hypertension, stroke, heart disease, respiratory illnesses, arthritis, obesity, and dental diseases. Peripherally inserted central catheters (PICCs) are used in managing these long-term conditions to provide sustained intravenous access for drugs, fluids, parenteral nutrition, and blood draws. As an example, the National Library of Medicine, a US-based institution, reported in January 2023 that the count of individuals 50 years or older suffering from one or multiple chronic diseases is predicted to surge by 99.5%, reaching 142.66 million by 2050, an increase from 71.522 million in 2020 in the United States. Therefore, the escalating incidence of chronic diseases is acting as a catalyst for the growth of the peripherally inserted central catheter (PICC) market.
What key areas define the segmentation of the global peripherally inserted central catheter (picc) Market?
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
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What are the top market players propelling the growth of the peripherally inserted central catheter (picc) industry?
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 key trends shaping the future of the peripherally inserted central catheter (picc) market?
Leading players in the peripherally inserted central catheter (PICC) industry are investing in the development of new technologies, particularly PICC insertion equipment, in an effort to offer superior capabilities to their consumers. PICC insertion devices are sophisticated medical tools engineered explicitly for the application of PICCs through a peripheral vein, generally within the arm, and directing them through the blood vessels until the end touches a larger vein close to the heart. Take for instance, in May 2023, Teleflex Incorporated, a medical device corporation based in the US, introduced two new PICC insertion devices—the Arrow VPS Rhythm DLX Device and the NaviCurve Stylet. The VPS Rhythm DLX Device employs cardiac electrical activity to give instant data on the position of the catheter tip. The device also comes with an optional ultrasound integration and a tool for measuring the catheter-to-vessel ratio to maintain uniformity in vessel measurement. Using this device along with the Arrow PICC equipped with the NaviCurve Stylet, enables a new technology for tip navigation or location. Furthermore, the VPS Rhythm DLX Device incorporated with TipTracker Technology eliminates the need for a confirmatory x-ray, facilitating smooth insertion through ultrasound vascular assessment, PICC navigation, and final tip confirmation in the lower third of the superior vena cava.
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What regions are dominating the peripherally inserted central catheter (picc) market growth?
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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