The Rising Focus on Infection Control and Expansion of NICU Facilities & the Increasing Number of NICU Admissions has Propelled the Growth of the NICU Catheter Market in the North America Region!
- Himanshu Patni
- July 15, 2023
- HEALTHCARE, NEWS
- NICU Catheter Market, NICU Catheter Market Forecast, NICU Catheter Market Growth, NICU Catheter Market Outlook, NICU Catheter Market Share, NICU Catheter Market Size, NICU Catheter Market Trends
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North America is a dominant market for NICU catheters, driven by several factors. The region’s well-established healthcare infrastructure, high healthcare expenditure, and advanced neonatal care facilities contribute to its market dominance. Additionally, the presence of major medical device manufacturers and research institutions in North America fosters innovation and technological advancements in NICU catheters. The market is characterized by a strong regulatory framework, stringent quality standards, and robust reimbursement policies, providing a favorable environment for market growth. Moreover, a well-developed healthcare ecosystem, along with a strong emphasis on patient safety and quality of care, the increasing prevalence of preterm births, and the growing focus on specialized neonatal care further fuel the demand for NICU catheters in the region.
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Further, the North America NICU catheter market is expected to grow at a strong CAGR of 4.5% during the forecast period (2022-2030). Furthermore, Neonates with chronic diseases, such as congenital heart defects or respiratory disorders, often require long-term catheterization for treatment and monitoring, leading to an increased demand for NICU catheters.
FIG. 1 North America NICU Catheter Market Revenue (2020-2030) – USD Mn
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Based on type, the market is segmented into peripherally inserted central catheters (PICCs), central venous catheters (CVCs), umbilical venous catheters (UVCs), and others. The peripherally inserted central catheters (PICCs) category is dominating the growth of the market owing to the increasing number of preterm births, which require long-term intravenous access to nutrition, medication administration, and blood sampling. PICC catheters offer several advantages, such as longer dwell times, reduced need for multiple venipunctures, and the ability to administer a wide range of medications and fluids. As a result, the market for NICU catheters is positively influenced by the widespread adoption of PICCs in neonatal intensive care units.
Based on end-user, the NICU catheter market has been segmented into hospitals, specialty clinics, and others. The specialty clinics category is to witness higher adoption of NICU catheters during the forecast period. These clinics provide focused and specialized care for neonates with specific medical conditions or complex needs. With their expertise and specialized services, such as pediatric cardiology clinics, respiratory clinics, or developmental clinics, they require a variety of NICU catheters to address specific patient requirements. Moreover, the growing number of specialty clinics, particularly in urban areas, indicates an increasing demand for NICU catheters.
Global NICU Catheter Market Segmentation
Market Insight, by Type
- Peripherally Inserted Central Catheters (PICCs)
- Central Venous Catheters (CVCs)
- Umbilical Venous Catheters (UVCs)
- Others
Market Insights, by End-User
- Hospitals
- Specialty Clinics
- Others
Market Insight, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- APAC
- China
- India
- Japan
- Rest of APAC
- Rest of the World
Top Company Profiles
- Cardinal Health
- BD
- ICU Medical, Inc.
- Teleflex Incorporated
- Vygon
- Utah Medical Products, Inc.
- Cook
- Argon Medical Devices
- Romsons
- Galt Medical Corp.
