Market outlook of the global peripherally inserted central catheter market
A peripherally inserted central catheter (PICC) is a thin, soft, flexible tube that is used to inject fluids or medications directly into a vein or to draw blood samples for testing. The global market for PICC is expected to exhibit steady growth during the forecast period and is heavily influenced by factors like the rising incidence of chronic disease patients that require PICCs for nutrition and drug delivery. The increasing adoption of such devices for minimally invasive (MI) techniques is expected to result in its steady CAGR of more than 6% by 2019.
Technavio’s market research analyst estimates eminent factors, such as the augmented use of PICCs in chemotherapy, to drive market growth during the forecast period. PICCs provide short-term access to the blood and are widely used in patients who receive chemotherapy once every few weeks. These catheters have a closed system for blood control and help to enhance the patients’ safety. These factors impel the adoption of PICCs in chemotherapy, which in turn aids in promoting market growth during the forecast period.
Competitive landscape and key vendors
The global market for PICCs 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.
Key vendors in this market are -
- AngioDynamics
- B. Braun
- Becton, Dickinson and Company
- Teleflex
- CR Bard
Other prominent vendors analyzed in this market research are Argon Medical Devices, Boston Scientific, Cook Medical, Icumed, MARTECH Medical Products, Medcomp, Medical Components, Medtronic, Merit Medical Systems, Smiths Medical, Theragenics, Terumo, and Vygon.
Product-type segmentation of the PICC market
- Power injectable PICCs
- Conventional PICCs
In this market research report, 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.
Geographical segmentation of the PICC market
Technavio market research analysts estimate the Americas to dominate the global market for PICCs during the forecast period. Currently, this region accounts for more than 72% of the total market and is estimated to further increase its market share by 2019 owing to factors like the increasing incidence of diseases like cancer and viral infections.
Key questions answered in the report include
- What will the market size, market forecast and the growth rate be in 2019?
- What are the key factors driving the global peripherally inserted central catheter market?
- What are the key market trends impacting the growth of the global peripherally inserted central catheter market?
- What are the challenges to market growth?
- Who are the key vendors in the global peripherally inserted central catheter market?
- What are the market opportunities and threats faced by the vendors in the global peripherally inserted central catheter market?
- Trending factors influencing the market shares of the EMEA, Americas, and APAC?
- What are the key outcomes of the five forces analysis of the global peripherally inserted central catheter market?
Technavio also offers customization on reports based on specific client requirement.
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Peripherally inserted central catheters
- Indications
- Implant site
- Device material
- Complications of catheterization
PART 07: Market segmentation by product type
- Power-injectable PICCs
- Conventional PICCs
- Global power-injectable PICC market
- Global conventional PICC market
PART 08: Geographical segmentation
- PICC market in the Americas
- PICC market in EMEA
- PICC market in APAC
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
- Competitive scenario
- Market share analysis 2014
PART 15: Key vendor analysis
- AngioDynamics
- B. Braun
- Becton, Dickinson and Company
- C.R. Bard
- Teleflex
PART 16: Appendix
PART 17: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape