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Peripherally Inserted Central Catheters market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2025-2034

Published Date: January, 2025
Base Year: 2024
Delivery Format: PDF+Excel, PPT
Historical Year: 2018-2023
No of Pages: 263
Forecast Year: 2025-2034

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Market Overview

The peripherally inserted central catheters (PICC) market plays a crucial role in improving vascular access for patients requiring long-term intravenous therapy. A peripherally inserted central catheter is a long, thin, flexible tube that is inserted into a peripheral vein and threaded through to the superior vena cava near the heart. PICCs provide a reliable and less invasive alternative to traditional central venous catheters, allowing for the administration of medications, fluids, and nutrients over an extended period. With the increasing prevalence of chronic diseases, growing demand for home healthcare services, and advancements in catheter technology, the PICC market offers solutions that enhance patient comfort, minimize complications, and optimize the delivery of intravenous therapies. This market analysis explores the meaning, executive summary, key market insights, market drivers, restraints, opportunities, dynamics, regional analysis, competitive landscape, segmentation, category-wise insights, key benefits for industry participants and stakeholders, SWOT analysis, market key trends, COVID-19 impact, key industry developments, analyst suggestions, future outlook, and conclusion of the peripherally inserted central catheters market.

Meaning

Peripherally inserted central catheters (PICCs) are long, thin, flexible tubes that are inserted into a peripheral vein, typically in the arm, and advanced until the catheter tip reaches the superior vena cava near the heart. PICCs serve as a central venous access device, allowing for the administration of medications, fluids, blood products, and parenteral nutrition. They are commonly used in patients requiring long-term intravenous therapy, such as chemotherapy, antibiotics, or total parenteral nutrition.

Executive Summary

The peripherally inserted central catheters (PICC) market has experienced significant growth in recent years, driven by factors such as the increasing prevalence of chronic diseases, rising demand for home healthcare services, and advancements in catheter technology. The market is characterized by the presence of established medical device manufacturers, catheter suppliers, and specialized PICC insertion teams. Key factors contributing to market growth include the advantages of PICCs over traditional central venous catheters, the growing adoption of home-based intravenous therapies, and the emphasis on patient comfort and safety.

Peripherally Inserted Central Catheters market

Key Market Insights

  • The global peripherally inserted central catheters market is expected to witness substantial growth during the forecast period, driven by factors such as the increasing prevalence of chronic diseases, advancements in catheter technology, and the demand for home-based healthcare services.
  • PICCs offer advantages such as lower infection rates, reduced complications, improved patient comfort, and the ability to administer long-term intravenous therapies, contributing to their widespread adoption.
  • The market is witnessing a shift towards the development of antimicrobial-coated catheters to prevent catheter-related bloodstream infections and improve patient outcomes.

Market Drivers

  • Increasing prevalence of chronic diseases: The rising incidence of chronic conditions, such as cancer, cardiovascular diseases, and infectious diseases, drives the demand for long-term intravenous therapies and the need for reliable vascular access devices like PICCs.
  • Growing demand for home healthcare services: The shift towards home-based healthcare services, driven by factors such as cost-effectiveness, patient convenience, and the desire to avoid hospital stays, fuels the demand for PICCs as they enable patients to receive intravenous therapies in the comfort of their own homes.
  • Advancements in catheter technology: Ongoing technological advancements, such as the development of antimicrobial-coated catheters, ultrasound-guided insertion techniques, and catheter securement devices, contribute to improved patient outcomes, reduced complications, and enhanced safety.

Market Restraints

  • Risk of complications: Although PICCs offer several advantages, they are not without risks. Complications associated with PICCs include catheter-related bloodstream infections, thrombosis, catheter malposition, and mechanical complications, which can impact patient safety and require appropriate management and monitoring.
  • Lack of skilled healthcare professionals: Proper insertion and maintenance of PICCs require specialized training and expertise. The shortage of healthcare professionals with PICC insertion skills can limit the widespread adoption of PICCs and hinder market growth.
  • Regulatory challenges: Stringent regulations and quality requirements associated with medical devices, including PICCs, pose challenges for manufacturers in terms of compliance, product approvals, and market entry.

Market Opportunities

  • Increasing focus on patient safety and comfort: The emphasis on patient-centric care and the drive to minimize complications and enhance patient comfort create opportunities for the development of innovative PICC designs, insertion techniques, and catheter securement devices.
  • Expansion in emerging markets: The growing healthcare infrastructure, increasing healthcare spending, and rising awareness about advanced medical technologies in emerging economies offer opportunities for market expansion and penetration.
  • Collaboration and partnerships: Collaborations between medical device manufacturers, healthcare institutions, and training organizations can facilitate the development of training programs, standardization of PICC insertion practices, and quality improvement initiatives.

Market Dynamics

The peripherally inserted central catheters market is dynamic and influenced by various factors, including the prevalence of chronic diseases, advancements in catheter technology, regulatory requirements, and patient preferences. Key market dynamics include:

  • Focus on infection prevention: The market is witnessing increased attention to infection prevention strategies, leading to the development of antimicrobial-coated catheters and adherence to best practices for catheter insertion, maintenance, and care.
  • Home-based intravenous therapies: The shift towards home-based healthcare services and the demand for patient-centered care drive the market for PICCs, as they enable safe and convenient administration of long-term intravenous therapies outside of the hospital setting.
  • Technological advancements: Ongoing advancements in catheter materials, design, and insertion techniques contribute to improved catheter performance, ease of use, and patient outcomes.

Regional Analysis

The peripherally inserted central catheters market can be analyzed across various regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Key factors influencing regional markets include:

  • North America: The presence of well-established healthcare infrastructure, increasing prevalence of chronic diseases, and the adoption of advanced medical technologies drive market growth in this region.
  • Europe: Stringent regulations, emphasis on patient safety, and the shift towards home-based healthcare contribute to market growth in European countries.
  • Asia Pacific: Rapidly expanding healthcare infrastructure, increasing healthcare spending, and rising awareness about advanced medical technologies create opportunities for market growth in Asia Pacific countries.
  • Latin America: Growing healthcare investment, increasing adoption of home-based healthcare services, and the focus on improving patient outcomes contribute to market expansion in Latin American countries.
  • Middle East and Africa: Developing healthcare infrastructure, rising healthcare expenditure, and the focus on enhancing patient care and safety present growth opportunities in this region.

Competitive Landscape

The peripherally inserted central catheters market is competitive, with the presence of established medical device manufacturers, catheter suppliers, and specialized PICC insertion teams. Key players in the market include:

  • Becton, Dickinson and Company
  • C.R. Bard, Inc.
  • Teleflex Incorporated
  • AngioDynamics, Inc.
  • Cook Medical Inc.
  • Vygon SA
  • B. Braun Melsungen AG
  • Medtronic plc
  • Terumo Corporation
  • NIPRO Medical Corporation

Segmentation

The peripherally inserted central catheters market can be segmented based on various factors, including:

  • Type: Conventional PICCs, antimicrobial-coated PICCs, power-injectable PICCs, and others.
  • End-user: Hospitals, ambulatory surgical centers, home healthcare, and others.

Category-wise Insights

  • Conventional PICCs: Conventional PICCs are the most commonly used type and offer a reliable and cost-effective option for long-term intravenous therapy. They provide excellent venous access and compatibility with various infusate types.
  • Antimicrobial-coated PICCs: Antimicrobial-coated PICCs are gaining popularity due to their ability to reduce catheter-related bloodstream infections and associated complications. The incorporation of antimicrobial agents on the catheter surface helps prevent bacterial colonization and biofilm formation.

Key Benefits for Industry Participants and Stakeholders

  • Healthcare providers: PICCs enable healthcare providers to deliver long-term intravenous therapies safely and efficiently, improving patient outcomes, reducing hospital stays, and enhancing patient satisfaction.
  • Patients: PICCs offer improved comfort, reduced pain, and minimized complications compared to traditional central venous catheters, allowing patients to receive necessary intravenous therapies in various settings, including home.
  • Catheter manufacturers: The market presents opportunities for catheter manufacturers to develop innovative products, enhance catheter performance, and improve patient safety and comfort.

SWOT Analysis

  • Strengths: PICCs offer advantages such as improved patient comfort, lower infection rates, and the ability to deliver long-term intravenous therapies, enhancing patient outcomes and satisfaction.
  • Weaknesses: PICCs are not without risks, including the potential for complications such as infections, thrombosis, and mechanical issues. Proper training and adherence to best practices are essential to mitigate these risks.
  • Opportunities: The increasing focus on patient safety and comfort, expansion in emerging markets, and collaboration between stakeholders create opportunities for market growth and innovation.
  • Threats: Regulatory requirements, competition from alternative vascular access devices, and the potential for complications associated with PICCs pose threats to market players and require ongoing vigilance and risk management.

Market Key Trends

  • Development of power-injectable PICCs: The market is witnessing the development of power-injectable PICCs that allow for the safe administration of contrast agents and high-flow infusions, expanding the range of applications and improving patient care.
  • Integration of telehealth and remote monitoring: The incorporation of telehealth technologies and remote monitoring capabilities into PICCs facilitates remote patient management, reduces hospital visits, and enhances patient convenience.
  • Focus on catheter securement: Catheter securement devices and techniques are gaining attention, aiming to minimize catheter dislodgement, enhance patient comfort, and reduce the risk of complications.

Covid-19 Impact

The COVID-19 pandemic has had both positive and negative impacts on the peripherally inserted central catheters market. While the pandemic led to disruptions in elective procedures and reduced hospital admissions, it also emphasized the need for home-based healthcare services and increased the demand for PICCs for long-term intravenous therapy. In addition, the focus on infection prevention and patient safety has gained significance, driving the adoption of antimicrobial-coated PICCs and adherence to best practices in catheter insertion and care.

Key Industry Developments

  • Development of antimicrobial-coated PICCs: The market has witnessed the development of antimicrobial-coated PICCs to reduce catheter-related bloodstream infections and improve patient outcomes.
  • Training and certification programs: Specialized training and certification programs for healthcare professionals involved in PICC insertion and maintenance have been established to ensure standardized practices and optimal patient care.
  • Collaboration between manufacturers and healthcare institutions: Manufacturers of PICCs have collaborated with healthcare institutions to conduct clinical trials, evaluate outcomes, and improve catheter design and performance.

Analyst Suggestions

  • Emphasize training and education: Healthcare institutions and industry stakeholders should focus on providing comprehensive training and education programs for healthcare professionals involved in PICC insertion, care, and maintenance to enhance patient safety and outcomes.
  • Standardization of best practices: Collaboration between industry stakeholders, regulatory bodies, and professional organizations can contribute to the development of standardized best practices for PICC insertion, maintenance, and infection prevention.
  • Continued innovation and research: Market players should invest in research and development efforts to innovate catheter designs, develop new technologies, and improve catheter performance and patient comfort.

Future Outlook

The future outlook for the peripherally inserted central catheters market is positive, with steady growth expected. The increasing prevalence of chronic diseases, the shift towards home-based healthcare services, and technological advancements in catheter design and materials will drive market expansion. Continued focus on patient safety, infection prevention, and patient comfort will shape the market landscape. Manufacturers that prioritize innovation, collaboration, and adherence to best practices will be well-positioned to capitalize on market opportunities and cater to the evolving needs of healthcare providers and patients.

Conclusion

Peripherally inserted central catheters (PICCs) play a crucial role in providing reliable vascular access for patients requiring long-term intravenous therapy. PICCs offer advantages such as improved patient comfort, lower infection rates, and the ability to deliver long-term intravenous therapies in various settings. With the increasing prevalence of chronic diseases and the demand for home-based healthcare services, the PICC market presents opportunities for market players to enhance patient outcomes, minimize complications, and optimize the delivery of intravenous therapies. The focus on patient safety, innovation in catheter technology, and collaboration between industry stakeholders will shape the future of the peripherally inserted central catheters market, supporting improved patient care and advancing vascular access solutions.

Peripherally Inserted Central Catheters (PICC) Market:

Segmentation Details Information
Product Type Conventional PICCs, Power Injected PICCs, Groshong PICCs, Others
End User Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Leading Companies in the Peripherally Inserted Central Catheters (PICC) Market:

  1. Becton, Dickinson and Company
  2. C. R. Bard, Inc. (BD)
  3. Teleflex Incorporated
  4. AngioDynamics Inc.
  5. Vygon SA
  6. Cook Medical
  7. Smiths Medical, Inc.
  8. B. Braun Melsungen AG
  9. Medtronic PLC
  10. Argon Medical Devices, Inc.

North America
o US
o Canada
o Mexico

Europe
o Germany
o Italy
o France
o UK
o Spain
o Denmark
o Sweden
o Austria
o Belgium
o Finland
o Turkey
o Poland
o Russia
o Greece
o Switzerland
o Netherlands
o Norway
o Portugal
o Rest of Europe

Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Kazakhstan
o Taiwan
o Vietnam
o Thailand
o Philippines
o Singapore
o Australia
o New Zealand
o Rest of Asia Pacific

South America
o Brazil
o Argentina
o Colombia
o Chile
o Peru
o Rest of South America

The Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Israel
o Kuwait
o Oman
o North Africa
o West Africa
o Rest of MEA

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