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 thePeripherally Inserted Central Catheter (PICC) Market from 2025 to 2034?
The escalating incidence of lingering illnesses is anticipated to fuel the expansion of the peripherally inserted central catheter market in the future. Chronic diseases are persistent health conditions that often develop over an extended period and potentially advance at a slow pace. These include diseases such as cancer, diabetes, hypertension, stroke, heart disease, respiratory issues, arthritis, obesity, and oral health concerns. Peripherally inserted central catheters (PICCs) are used in managing these enduring ailments, providing sustained intravenous access to medications, fluids, parenteral nutrition, and blood sampling. For instance, data from the National Library of Medicine, a U.S agency, stated in January 2023 that the population aged 50 years and above diagnosed with one or more chronic diseases is forecasted to surge by 99.5%, hitting 142.66 million by 2050, a considerable increase from 71.522 million in 2020 in the United States. Thus, the escalating incidence of chronic diseases is the primary catalyst for the expansion of the peripherally inserted central catheter (PICC) market.
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#What Long-Term Growth Rate is Expected for thePeripherally Inserted Central Catheter (PICC) Market Between 2025 and 2034?
The market size for Peripherally Inserted Central Catheter (PICC) has shown a significant growth trajectory in the past few years. The firms predict an increase from $1.02 billion in 2024 to about $1.08 billion in 2025, with an annual growth rate of 5.8% compounded. The historical growth can be credited to factors such as the move toward outpatient care, an aging demographic, lowered healthcare costs, enhanced comfort and safety for patients, and the expansion of interventional radiology.
The market size for peripherally inserted central catheter (PICC) is predicted to experience a consistent growth in the upcoming years. It is estimated to reach a worth of $1.29 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.4%. The projected growth during this period is largely attributed to the proliferation of interventional radiology practices, emphasis on preventing and controlling infections, increased healthcare expenditure, and initiatives prioritizing patient-centered care. The forecast period also expects to highlight prominent trends such as technological advancements, customized medicine, non-invasive procedures, incorporation of digital health technology, and regulatory adherence and standardization.
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How Are Market Trends and Innovations Revolutionizing thePeripherally Inserted Central Catheter (PICC) Industry in Recent Times?
Leading firms in the peripherally inserted central catheter (PICC) market are concentrating on the development of innovative technologies, such as PICC insertion devices. These are specialized medical tools that assist in the placement of PICCs into a peripheral vein, usually in the arm, directing them through the bloodstream until they reach a larger vein close to the heart. For example, in May 2023, the American medical device firm Teleflex Incorporated launched the Arrow VPS Rhythm DLX Device and the NaviCurve Stylet, two cutting-edge PICC insertion devices. The VPS Rhythm DLX Device employs cardiac electrical activity to give real-time information on catheter tip position and includes an optional integrated ultrasound with a catheter-to-vessel ratio function supporting consistency in vessel measurement. When used in tandem with the Arrow PICC equipped with the NaviCurve Stylet, this device offers cutting-edge tip location or navigation technology. The VPS Rhythm DLX Device with TipTracker Technology eliminates the need for a confirmatory x-ray, and allows physicians to perform smooth insertions through ultrasound vascular assessment, PICC navigation, and final tip confirmation in the lower third of the superior vena cava.
Which Key Market Players Are Shaping the Future and Growth of thePeripherally 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.
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What Are the Core Segments of the Peripherally Inserted Central Catheter (PICC) Market, and How Do They Contribute to Growth?
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 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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