Top 3 Trends Propelling Demand for Peripherally Inserted Central Catheters

Peripherally Inserted Central Catheters will witness a boost in demand in the coming years, due to growing prevalence of diseases. In addition, owing to relatively low cost of surgery, growth of the global peripherally inserted central catheters market will rev up in the coming years positively.

Surge in preference for peripherally inserted central catheters market, and growing healthcare-related expenditure will propel growth of the global peripherally inserted central catheters market. In addition, due to factors such as robust reimbursement policies and growing prevalence of diseases that require application of peripherally inserted central catheters will propel growth of the global peripherally inserted central catheters market.

The power injected peripherally inserted central catheters market accounts for a revenue share of 82.3% in the global peripherally inserted central catheters market by the end of 2016. The power injected peripherally inserted central catheters market will grow at 6.0% CAGR in the span of next eight years.

Benefits of Peripherally Inserted Central Catheters

Among various designs, multiple lumen retained dominance in terms of revenue in 2015, and will dominate in the coming years. Moreover, the multiple lumen design among others will grow at 6.7% CAGR in terms of revenue in the span of eight years. Furthermore, hospitals among other end users accounted for a revenue share of 69.1% in the global peripherally inserted central catheters market in the coming years. In addition, hospitals among other end users will grow at 6.0% CAGR in the span of eight years. The global peripherally inserted central catheters market is expected to grow at 5.8% CAGR in terms of revenue in the coming years.

Furthermore, due to growing prevalence of various diseases in parallel with low cost of surgery, the peripherally inserted central catheters surgery will witness an upsurge in demand significantly. In addition, application of peripherally inserted central catheters is relatively more convenient as compared to other conventional surgeries performed with needles and sticks. Among other types of products, the power injected peripherally inserted central catheters will grow at 6.0% CAGR in the span of next eight years. Moreover, the power injected peripherally inserted central catheters accounted for 82.3% revenue share by the end of 2016.

Technological Developments

Technological developments in peripherally inserted central catheters along with on-demand innovation will contribute towards growth of the peripherally inserted central catheters market significantly. Additionally, introduction of peripherally inserted central catheters that are anti-thrombogenic and anti-microbial will further rev up demand for the global peripherally inserted central catheters market.

The multiple lumen design among other designs, will grow at 6.7% CAGR in terms of revenue in the span of next eight years. Whereas, hospitals will grow at 6.0% CAGR in the coming years among other end users. In addition, multiple lumen design retained dominance globally in 2015.

Regional Analysis

The peripherally inserted central catheters in North America will create an absolute $ opportunity of US$ 19.8 Mn in 2017 over 2016. In addition, North America among other regions retained dominance in the peripherally inserted central catheters in terms of revenue in 2015, and will continue to dominate the global market in the span of next eight years. The peripherally inserted central catheters in North America accounted for 81.5% revenue share by 2016 end. Moreover, the peripherally inserted central catheters market in North America will grow at a CAGR of 4.2% in the coming years.

Increasing health-related expenditure, and strong reimbursement policy have escalated demand for the peripherally inserted central catheters market positively. Additionally, growing prevalence of diseases that need application of the peripherally inserted central catheters will further propel growth of the peripherally inserted central catheters market globally in the coming years.

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