Product Description
Overall, the global tip-placement system market was valued at $39 million in 2023. This is expected to increase over the forecast period at a CAGR of 7.2% to reach $64 million.
Throughout this medical market research, we analyzed over 5 tip-placement system companies across 7 continents and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, and to create accurate forecasts. The full report suite on the global market for catheter securement includes essential equipment used during tip-guidance procedures.
DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Forecasts Until 2030, and Historical Data to 2020
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- COVID19 Impact
- Disease Overviews and Demographic Information
- Company Profiles, Product Portfolios and SWOT for Top Competitors
Global Tip-Placement System Market Insights
A growing body of research underscores the advantages of employing tip-placement for PICCs’ insertion. Usually, employing tip-placement systems significantly enhances the precision of catheter positioning in the SVC compared to the traditional blind PICC insertion. It’s anticipated that the utilization of tip-placement in vascular access procedures will continue to rise, propelling the ongoing sales of tip-placement systems and related disposables.
Global Tip-Placement System Market Share Insights
- In 2023, Becton Dickinson (BD) solidified its dominance in the realm of tip-placement systems. The company showcased its authority by introducing the Sherlock 3CG™ Tip Confirmation System and Sherlock® II Tip Location System, frequently paired with power-injectable PICCs that come preloaded with Sherlock® stylets. BD’s market leadership in PICCs enabled them to effectively boost sales of tip-placement devices.
- Securing the second position, Teleflex presented the ARROW® VPS G4™ system and ARROW VPS® Stylets in the tip-placement system market. These offerings facilitated tip-placement confirmation for both PICCs and central venous catheters (CVCs). In contrast to BD, Teleflex offered disposable tip-placement products separately from PICC kits, granting hospitals greater flexibility in their choices.
Market Segmentation Summary
- Global Tip-Placement System Market
Global Research Scope Summary
| Report Attribute | Details |
|---|---|
| Regions | North America (Canada, United States) Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela) Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.) Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine) Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam) Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda) |
| Base Year | 2023 |
| Forecast | 2024-2030 |
| Historical Data | 2020-2023 |
| Quantitative Coverage | Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
| Qualitative Coverage | COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews. |
| Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |
CONTACT US FOR ADDITIONAL INFORMATION
For full segmentation and any questions regarding research coverage, please contact us for a complimentary demo of the full report.
