Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Peripherally inserted central catheters are the catheters used to gain central access through peripheral veins, which ultimately leads the tip of the catheter near to the distal end of superior vena cava or cavoatrial junction.

Statistics:

The global peripherally inserted central catheters market is estimated to account for US$ 1,256.1 Mn in terms of value by the end of 2027.

Global Peripherally Inserted Central Catheters Market: Drivers

Increasing prevalence of cancer is expected to propel growth of the global peripherally inserted central catheters market over the forecast period. For instance, according to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S.

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.

Statistics:

North America held dominant position in the global peripherally inserted central catheters market in 2019, accounting for 78.6% share in terms of value, followed by Europe and Asia Pacific, respectively.

Figure 1: Global Peripherally Inserted Central Catheters Market Share (%) Value, By Region, 2019

Peripherally Inserted Central Catheters  | Coherent Market Insights

Global Peripherally Inserted Central Catheters Market: Restraints

The use of conventional peripherally inserted central catheters involves high risk of blood stream infection due to lack of extreme hygiene condition required at the peripherally inserted central catheters insertion point, which reduces its feasibility over a longer period of time. Such scenario is expected to hinder growth of the global peripherally inserted central catheters market.   

Moreover, low physician awareness of patient central lines is also expected to hinder growth of the market. For instance, in July 2020, the study, ‘Awareness of Central Venous Catheters: A Patient Safety Survey’, reported that many physicians are not aware of whether their patient has a central line.

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Peripherally Inserted Central Catheters Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 782.1 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 6.2% 2027 Value Projection: US$ 1,256.1 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., France, Spain, Italy, Russia, Rest of Europe
  • Asia Pacific: China, Japan, India, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: North Africa, Central Africa, South Africa
Segments covered:
  • By Product Type: Single Lumen, Double Lumen, Multiple Lumen.
  • By End User: Hospitals, Ambulatory Surgical Centers, Catheterization Laboratories.
Companies covered:

AngioDynamics, Inc., B. Braun Melsungen AG, Becton, Dickinson and Company, Teleflex Incorporated, Argon Medical Devices, Inc., Boston Scientific Corporation, Cook Medical Inc., ICU Medical Inc., Medical Components, Inc., Access Vascular, Medtronic, Inc., and Navilyst Medical, Inc.

Growth Drivers:
  • Increasing prevalence of chronic disorders
  • Approval and launch of new products
Restraints & Challenges:
  • High Cost of equipment
  • High Risk of blood stream infection

Global Peripherally Inserted Central Catheters Market: Opportunities 

R&D in peripherally inserted central catheters is expected to offer lucrative growth opportunities for players in the global peripherally inserted central catheters market. For instance, in August 2019, researchers from NICU, General Hospital “Agios Panteleimon”, Greece, and Royal Alexandra Children’s Hospital Brighton, U.K., reported that incidence of complications associated with the use of umbilical venous catheters and peripherally inserted central catheters in very low birth weight infants did not significantly differ in the study.

Moreover, increasing adoption of home parenteral nutrition is also expected to aid in growth of the market.

Statistics:

The global peripherally inserted central catheters market was valued at US$ 782.1 Mn in 2019 and is forecast to reach a value of US$ 1,256.1 Mn by 2027 at a CAGR of 6.2% between 2020 and 2027.

Figure 2: Global Peripherally Inserted Central Catheters Market Value (US$ Mn), 2016 – 2027

Peripherally Inserted Central Catheters  | Coherent Market Insights

Market Trends/Key Takeaways

Development of solutions that reduce the risk of catheter-related infections is expected to boost growth of the global peripherally inserted central catheters market. For instance, in June 2020, Interrad Medical, a privately held medical device company, announced a new clinical data publication that demonstrated a significantly lower catheter-related infection risk with use of the SecurAcath Subcutaneous Catheter Securement Device.

Major players in the global peripherally inserted central catheters market are focused on adopting M&A strategies to expand their product portfolio. For instance, in January 2020, AngioDynamics acquired C3 Wave PICC tip location system from Medical Components Inc. The wireless technology eliminates the need for a confirmatory chest x-ray of peripherally inserted central catheters tip placement.

Global Peripherally Inserted Central Catheters Market: Competitive Landscape

Major players operating in the global peripherally inserted central catheters market include, AngioDynamics, Inc., B. Braun Melsungen AG, Becton, Dickinson and Company, Teleflex Incorporated, Argon Medical Devices, Inc., Boston Scientific Corporation, Cook Medical Inc., ICU Medical Inc., Medical Components, Inc., Access Vascular, Medtronic, Inc., and Navilyst Medical, Inc.

Global Peripherally Inserted Central Catheters Market: Key Developments

Major players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in September 2019, Access Vascular, Inc. was awarded a group purchasing agreement for a Breakthrough Technology contract with Premier, which allows Premier members, at their discretion, to take advantage of special pricing and terms pre-negotiated by Premier for the HydroPICC peripherally inserted central catheter.

Peripherally Inserted Central Catheters used intravenous access for a prolonged period of time. These catheters are recommended for cancer treatments, liquid nutrition, and infection treatments. Major drivers attributing to the growth of the market during the forecasted period comprises of increasing product approvals, increasing prevalence of cancer, increasing research and development activities. Furthermore, development of solutions that reduce the risk of catheter associated infections along with adoption of expansion strategies such as M&A strategies from major manufacturers to expand their product portfolio is anticipated to assist the market growth.

Key features of the study:

  • This report provides in-depth analysis of the Global Peripherally Inserted Central Catheters market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the Global Peripherally Inserted Central Catheters market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, AngioDynamics, Inc., B. Braun Melsungen AG, Becton, Dickinson and Company, Teleflex Incorporated, Argon Medical Devices, Inc., Boston Scientific Corporation, Cook Medical Inc., ICU Medical Inc., Medical Components, Inc., Access Vascular, Medtronic, Inc., and Navilyst Medical, Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The Global Peripherally Inserted Central Catheters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Peripherally Inserted Central Catheters market

Detailed Segmentation:

  • Global Peripherally Inserted Central Catheters Market, By Product Type:
    • Single Lumen
    • Double Lumen
    • Multiple Lumen
  • Global Peripherally Inserted Central Catheters Market, By End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Catheterization Laboratories
  • Global Peripherally Inserted Central Catheters Market, By Region:
    • North America
      • By Product Type:
        • Single Lumen
        • Double Lumen
        • Multiple Lumen
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Catheterization Laboratories
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Single Lumen
        • Double Lumen
        • Multiple Lumen
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Catheterization Laboratories
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Single Lumen
        • Double Lumen
        • Multiple Lumen
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Catheterization Laboratories
      • By Country
        • U.K.
        • Germany
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Single Lumen
        • Double Lumen
        • Multiple Lumen
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Catheterization Laboratories
      • By Country
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Single Lumen
        • Double Lumen
        • Multiple Lumen
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Catheterization Laboratories
      • By Country
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Single Lumen
        • Double Lumen
        • Multiple Lumen
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
        • Catheterization Laboratories
      • By Country
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • AngioDynamics, Inc. *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • B. Braun Melsungen AG
    • Becton, Dickinson and Company
    • Teleflex Incorporated
    • Argon Medical Devices, Inc.
    • Boston Scientific Corporation
    • Cook Medical Inc.
    • ICU Medical Inc.
    • Medical Components, Inc.
    • Access Vascular
    • Medtronic, Inc.
    • Navilyst Medical, Inc.
  • “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End User
      • Market Snippet, By Country
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Technological Advancements
    • Regulatory Scenario
    • Mergers and Acquisitions
    • Impact of COVID19 on market
  4. Global Peripherally Inserted Central Catheters Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Single Lumen
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Double Lumen
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Multiple Lumen
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Peripherally Inserted Central Catheters Market, By End User, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Catheterization Laboratories
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Peripherally Inserted Central Catheters Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • AngioDynamics, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • B. Braun Melsungen AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Becton, Dickinson and Company
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Teleflex Incorporated
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Argon Medical Devices, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Boston Scientific Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Cook Medical Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • ICU Medical Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Medical Components, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Access Vascular
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Medtronic, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Navilyst Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 22 market data tables and 14 figures on “Peripherally Inserted Central Catheters Market - Global forecast to 2027”.

Frequently Asked Questions

The Global Peripherally Inserted Central Catheters market size was valued at US$ 782.1 million in 2019 and is estimated to exhibit a CAGR of 6.2% between 2020 and 2027.
Multiple Lumen segment held the major market share in 2019 owing increasing prevalence of cancer is expected to propel growth of the global Peripherally Inserted Central Catheters market over the forecast period.
Major factor driving the growth of Global Peripherally Inserted Central Catheters market during the forecast period increasing prevalence of chronic diseases, new product launch , and adoption of expansion strategies from major companies.
Major factors hampering the growth of the Global Peripherally Inserted Central Catheters market during the forecast period constitutes of high risk of blood stream infection.
North America market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are AngioDynamics, Inc., B. Braun Melsungen AG, Becton, Dickinson and Company, Teleflex Incorporated, Argon Medical Devices, Inc., Boston Scientific Corporation, Cook Medical Inc., ICU Medical Inc., Medical Components, Inc., Access Vascular, Medtronic, Inc., and Navilyst Medical, Inc.
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