Emerging Peripherally Inserted Central Catheter (PICC) Market Trend 2025-2034: Innovative Advances Peripherally Inserted Central Catheter (PICC) Insertion Devices Redefining Patient Care

How Is the Peripherally Inserted Central Catheter (PICC) Market Projected to Grow, and What Is Its Market Size?
The peripherally inserted central catheter (PICC) market has seen strong growth in recent years. It will increase from $1.02 billion in 2024 to $1.08 billion in 2025, at a CAGR of 5.8%. The growth is driven by the shift towards outpatient care, an aging population, efforts to reduce healthcare costs, improved patient comfort and safety, and the growth of interventional radiology.

The peripherally inserted central catheter (PICC) market is expected to grow steadily, reaching $1.29 billion by 2029 at a CAGR of 4.4%. The growth is driven by the expansion of interventional radiology practices, a focus on infection prevention and control, increasing healthcare expenditure, and patient-centered care initiatives. Key trends include technological advancements, personalized medicine, minimally invasive procedures, integration of digital health technologies, and regulatory compliance.

What Are the Key Drivers Behind the Growth of the Peripherally Inserted Central Catheter (PICC) Market?
The rising prevalence of chronic diseases is anticipated to propel the expansion of the peripherally inserted central catheter (PICC) market. Chronic diseases such as cancer, diabetes, hypertension, stroke, and heart disease require long-term medical interventions, including the use of PICCs for intravenous drug administration, fluid therapy, and blood sampling. For instance, in January 2023, the National Library of Medicine, a US-based research institution, projected that the number of individuals aged 50 and above with at least one chronic illness in the US would increase by 99.5%, reaching 142.66 million by 2050 from 71.52 million in 2020. Consequently, the growing burden of chronic diseases is propelling the expansion of the PICC market.

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Who Are the Major Industry Players Fueling Peripherally Inserted Central Catheter (PICC) Market Expansion?
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.

Which Key Developments Are Influencing the Peripherally Inserted Central Catheter (PICC) Market?
Prominent companies in the peripherally inserted central catheter (PICC) market are integrating cutting-edge technologies, such as PICC insertion devices, to improve medical procedures. PICC insertion devices assist in placing catheters into peripheral veins and guiding them into larger veins near the heart. In May 2023, Teleflex Incorporated, a US-based medical device company, introduced two new PICC insertion devices: the Arrow VPS Rhythm DLX Device and the NaviCurve Stylet. The VPS Rhythm DLX Device uses cardiac electrical activity to provide real-time catheter tip positioning. It also features optional ultrasound integration with a catheter-to-vessel ratio tool for precise vessel measurement. In combination with the Arrow PICC and NaviCurve Stylet, this device introduces enhanced tip navigation technology, eliminating the need for confirmatory x-rays and allowing for smoother catheter placement.

How Is the Segmentation of the Peripherally Inserted Central Catheter (PICC) Market Defined?
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 Is the Leading Region in the Peripherally Inserted Central Catheter (PICC) Market?
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.

What Is Covered In The Peripherally Inserted Central Catheter (PICC) Global Market Report?

- Market Size Analysis: Analyze the Peripherally Inserted Central Catheter (PICC) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Peripherally Inserted Central Catheter (PICC) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Peripherally Inserted Central Catheter (PICC) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Peripherally Inserted Central Catheter (PICC) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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