Peripherally Inserted Central Catheters Market: 2020 Advanced Technology In- Depth Overview will boost considerable development prospects by -2027

(CDN Newswire via Comtex)

The global peripherally inserted central catheters market is forecast to reach USD 1.22 Billion by 2027, according to a new report by Reports and Data. A peripherally inserted central catheter (PICC or PIC line), which is also called a percutaneous indwelling central catheter, is a type of of intravenous access. It can be applied for a prolonged period like for extended antibiotic therapy, long chemotherapy regimens, and for administration of substances, among others.

The report includes the latest coverage of the impact of COVID-19 on the Peripherally Inserted Central Catheters industry. The incidence has affected nearly every aspect of the business domain. This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.

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Key participants include R. Bard Inc., AngioDynamics, Inc., B. Braun Melsungen AG, Teleflex Incorporated, Vygon S.A, Medtronic plc, Becton, Dickinson and Company, Cook Medical, Inc., Medical Component Inc., and Argon Medical Devices, Inc

The research segments the market based on product type, applications and end-use. It profiles the key players of the business and their individual contribution to the global economy. The report focuses on significant investments, business ventures, mergers, acquisitions, collaborations along with the technological developments in the field. It also evaluates the upcoming and niche areas in the business. The researcher aims to offer expert insights related to the industry and the new opportunities available in the market.

For the purpose of this report, Reports and Data have segmented the global Peripherally Inserted Central Catheters market according to Product, Component, Application, End-user, and Region:

Product Type Outlook (Revenue, USD Million; 2016-2027)

  • Conventional Peripherally Inserted Central Catheters
  • Power injected Peripherally Inserted Central Catheters

Design Type Outlook (Revenue, USD Million; 2016-2027)

  • Multiple Lumen
  • Double Lumen
  • Single Lumen

Application Outlook (Revenue, USD Million; 2016-2027)

  • Intravenous Fluids
  • Chemotherapy
  • Blood Transfusions
  • Other drugs

End-user Outlook (Revenue, USD Million; 2016-2027)

  • Hospitals
  • Nursing Facility
  • Ambulatory Surgical Centers
  • Homecare

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Further key findings from the report suggest

  • The Peripherally Inserted Central Catheters market held a market share of USD 748.4 Million in the year 2018 that is forecasted to grow at a rate of 5.6% during the forecast period.
  • In context to Product Type, the Power injected Peripherally Inserted Central Catheters segment generated a higher revenue of USD 595.0 Million in 2018, with a CAGR of 6.1% during the forecast period. The rise in accident and emergency cases in hospitals and applicability of these catheters in the ICUs wherein it can be used for hemodynamic monitoring, multipurpose central lines for any infusion, and high-pressure injection of contrast media at the time of radiological procedures results in its high demand and the revenue generated by this segment.
  • In context to Application, the Chemotherapy segment is projected to witness the fastest growth rate of 6.9% during the forecast period, which is expected to occupy 19.0% by 2027. The rising incidence rate of cancer and associated elevated demand for chemotherapy results in increasing application of PICCs in this segment that contributes to the growth rate witnessed by this segment.
  • In regards to End-user, the Hospitals segment held the largest market share of 57.0% in 2018, with a CAGR of 5.7% during the forecast period. The market share held by the Hospitals segment is attributed to a large number of surgeries being performed in hospitals, which results in high demand for these catheters in this end-user. Furthermore, continuous development in the healthcare infrastructure in developing nations and increasing hospital admissions due to chronic conditions also contributes to the market share held by this segment...Continued

Key Questioned Answered mentioned in the Report -

  1. What are the products offered by the Peripherally Inserted Central Catheters industry presently?
  2. What are the different applications of the products offered in this market of Peripherally Inserted Central Catheters?
  3. Who could be claimed as the most dominant and influential players in this global industry?
  4. Which factors act as the drivers of this market, and which factors pull this industry down acting as restraints?
  5. What can be determined by the trends obtained from the evaluation of the historical data for the Peripherally Inserted Central Catheters industry?

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