Peripherally Inserted Central Catheter Market Size, Share and Report 2024-2031

Industry Overview 

Global Peripherally Inserted Central Catheter Market is expected to grow at a CAGR of 5% during the forecast period 2024-2031 

Peripherally Inserted Central Catheter (PICC) is a slim, soft, flexible tube inserted into a vein in the upper arm and guided (threaded) into a large vein above the right side of the heart called the superior vena cava. This intravenous line allows IV medication delivery and facilitates obtaining blood for laboratory testing. 

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Industry Trends 

Healthcare physicians' increasing preference for PICC and the growing burden of chronic diseases propel global market growth. 

Healthcare physicians' increasing preference for PICC over regular IV lines drives the global market growth. Because it offers a few advantages, such as a thicker and more durable PICC line than a regular IV, it's much more elongated and goes farther into the vein. Health care providers utilize a PICC line instead of a regular IV line because it can remain in place longer (up to 3 months and sometimes a bit more), decreasing the number of needle sticks a child requires for blood draws. 

Patients can get considerable amounts of fluids or medicines (like chemotherapy) that might not run via standard IVs; it can help someone with a serious infection so they can get IV antibiotics for a few weeks, helps those who need IV nutrition and is also very valuable in case of patients who will need numerous blood transfusions. Furthermore, the increasing burden of chronic diseases also accelerates using PICC. 

For instance, WHO data signifies that non-communicable diseases (NCDs) kill 41 million people yearly. They are being projected to escalate to 52 million, accounting for 75% of all deaths within just eight years by 2030, equivalent to 74% of all deaths globally; over 17 million people die from an NCD before age 70; 86% of these premature deaths occur in low- and middle-income countries. Furthermore, per the NCD Alliance at the global level, it is estimated that between 2011-2030, the toll of cardiovascular disease, respiratory disease, diabetes and cancer alone could result in a cumulative global loss in productivity of an estimated USD 47 trillion. 

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Industry Segmentation 

By Product Type 

• Power Injected 
• Conventional 

By Design Type 

• Single Lumen 
• Double Lumen 
• Multiple Lumen 

By End User 

• Hospitals 
• Ambulatory Surgical Centers (ASCs) 

Industry Key Players 

Major players are AngioDynamics, Inc., Bard Inc., Teleflex Incorporated, B. Braun Melsungen AG, Medtronic plc, Vygon S.A, Cook Medical, Inc., Becton, Dickinson and Company, Boston Scientific Corporation, Argon Medical Devices, Inc., Medical Component Inc., and Theragenics Corporation. 

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