This market research analysis provides a detailed analysis and segmentation of the global peripherally inserted central catheter market by product type (power injectable PICCs and conventional PICCs) and by geography (Americas, EMEA, and the APAC). Leading vendors in this market are AngioDynamics, B. Braun, Becton, Dickinson and Company, Teleflex, and CR Bard.
Technavio’s market research analysts estimate the global PICC market to grow at a CAGR of around 6.5% between 2015 and 2019. The global market for peripherally inserted central catheter (PICC) is heavily influenced by factors like the rising incidence of chronic disease patients that require PICCs for nutrition and drug delivery. The Americas dominate the global market for PICCs, accounting for around 72% of the total market share. The region’s market share is expected to reach around 90% during the forecast period owing to factors like the increasing incidence of diseases like cancer and viral infections.
The new market research report from Technavio provides a breakdown and analysis of the peripherally inserted central catheter segments by technology.
“Of late, the market is witnessing increased use of antimicrobial PICC catheters to reduce the incidence of infections and avoid the risk of non-payment by insurance agencies. The antimicrobial PICCs are injected directly into the blood through the large internal jugular making them highly susceptible to infection. These PICCs are exclusively used to deliver chemotherapy and antibiotics as well as for drawing blood from immunocompromised patients,” says Imran Mushtaq, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
Technavio’s market analysts estimate the power injectable PICC segment to be the fastest growing segment during the forecast period. These PICCs are less invasive and provide long-term access with decreased risks. Therefore, it has been estimated that this segment will show strong growth during the forecast period and will account for nearly 90% of the overall market share by 2019.
The key players in the global PICC market include AngioDynamics, B. Braun, Becton, Dickinson and Company, Teleflex, and CR Bard. The market is monopolistic and is dominated by few leading vendors like AngioDynamics and CR Bard. The revenue generated by the small vendors is uncertain as it is entirely dependent on the demand for catheters and healthcare reforms in the country. Though many vendors enter this market due to its low entry barrier, only a few players that have the ability to properly manage their sales, distribution, and working capital are expected to survive and continue their operations during the forecast period.
A more detailed analysis is available in the Technavio report, Global PICC Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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