Peripherally inserted central catheters (PICC) are commonly known as percutaneous indwelling central catheters or PICC line. PICC lines are often used in antibiotic therapy, chemotherapy, or total parenteral nutrition or for administration of drugs that should not be given peripherally. PICC line is inserted in the body percutaneously at peripheral site and extended up to superior vena cava. It is an alternative to central venous catheter, which is inserted through major veins such as jugular or femoral. Generally, PICC line is appropriate for patients who have undergone more than two weeks of treatment. These catheters are well-sustained by neonates, with dwell time of two to three weeks. However, dwell time varies case to case. There could be risk of complications such as phlebitis, bleeding, catheter occlusion due to holding of PICC for more than a month. Strict infection control procedures should be followed before insertion of PICC line to reduce the risk of infection.

Several global manufacturers plan to introduce innovative and technologically advanced products in the market and these innovations have presented numerous opportunities for the growth of the neonatal peripherally inserted central venous catheter market, offering easy use of vascular access devices associated with increasing patient safety. Vygon S. A. provides a range of improvised polyurethane PICC catheters such as Premicath injectable catheters, Nutriline, and Premistar. Pregnancy complications such as multiple births are associated with an increased risk of preterm delivery, low birth weight, and other associated high-risk morbidities. This increases demand for NICU services. Newborn infections and birth asphyxia account for over 80% of all global neonatal deaths. This has created a need for early diagnosis and appropriate treatment in hospitals, which in turn has increased NICU admissions. These factors contribute to the growth of the global neonatal peripherally inserted central venous catheter market. Safer and advanced catheter insertion systems, and availability of trained technicians due to rise in adoption of PICC line are expected to fuel the growth of the global market. The cost of vascular access device and its maintenance forms a crucial economic factor in the long-term management of complications. Neonatal intensive care is extremely expensive causing financial burden both on the family and the health care system.

The global neonatal peripherally inserted central venous catheter market can be segmented based on type of PICC, end-user, and region. In terms of type, the market can be bifurcated into powered and conventional PICCs. The powered PICCs made up of polyurethane expected to grow due to comparatively high efficiency and easy insertion and removal while surgeries. Based on end-user, the global neonatal peripherally inserted central venous catheter market can be categorized into hospitals, specialty clinics, and others. The hospitals segment is expected to be driven by high demand for vascular access devices in hospitals across the globe.

The global neonatal peripherally inserted central venous catheter market can be segmented into five key regions: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to account for significant share of the global neonatal peripherally inserted central venous catheter market due to developed health care infrastructure, rise in number of premature births, and high adoption of PICC lines for vascular access. Europe was the second largest market for neonatal peripherally inserted central venous catheters in 2017. India, China, and Japan are the major markets for neonatal peripherally inserted central venous catheters in Asia Pacific.

The global neonatal peripherally inserted central venous catheter market is highly consolidated, with small number of companies accounting for more than 60% share. Major players in the global market include C. R. Bard, Inc., Argon Medical, Teleflex Incorporated, Medical Components, Inc., Vygon S.A., Cook Medical Inc., and AngioDynamics, Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Neonatal Peripherally Inserted Central Venous Catheter Market

Pre Book