The tip location device market value is estimated to be worth US$ 238.9 million in 2024. The demand for tip location devices is expected to develop at a CAGR of 4.2% during the projected period, reaching a valuation of US$ 357.7 million by 2034.
Tip Location Device Market Trends & Analysis
Report Attribute | Details |
---|---|
Tip Location Device Market Size (2024) | US$ 238.9 million |
Forecasted Market Value (2034) | US$ 357.7 million |
Projected Growth Rate (2024 to 2034) | 4.2% CAGR |
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In 2019, the tip location device market held a valuation of US$ 198.6 million. Over the subsequent five years, from 2019 to 2023, sales of tip location devices experienced a sluggish CAGR of 3.2%. The industry's net worth surged to US$ 228.3 million in 2023.
Attributes | Details |
---|---|
Tip Location Device Market Value (2019) | US$ 198.6 million |
Market Revenue (2023) | US$ 228.3 million |
Historical Growth Rate (CAGR 2019 to 2023) | 3.2% CAGR |
The market stands to benefit significantly from ongoing innovations in analysis software and biosensors, particularly in enhancing the accuracy of central venous catheter placement. Companies actively investing in research and development of jugular venous catheterization or pediatric catheterization are likely to prefer the introduction of imaging devices and software featuring enhanced safety features.
Despite significant technological advancements in tip location devices, the limited availability of skilled individuals operating these devices acts as a constraint on the market expansion. This challenge is further exacerbated by the lack of resources for training programs, hindering the seamless integration of advanced technologies into healthcare practices, particularly in developing countries where trained professionals are scarce.
Catheter navigation systems often rely on the recognition of the P-wave generated by the heart for accurate placement confirmation. Conditions such as atrial fibrillation, atrial flutter, severe tachycardia, and pacemaker-driven rhythm can significantly alter the morphology and timing of the P-wave. This alteration complicates tip confirmation tools’ ability to provide precise information, posing challenges for accurate diagnosis and treatment.
Changes in the P-wave due to cardiac rhythm disturbances can compromise the accuracy of tip confirmation through wearable tip location devices. Inaccurate readings may lead to suboptimal catheter placement, potentially resulting in complications or the need for additional catheter position detection procedures.
The table below lists the leading countries based on sales analysis of tip location devices.
Regional Market Comparison | Forecasted CAGR (2024 to 2034) |
---|---|
United States | 2.7% |
Germany | 2.9% |
United Kingdom | 3.9% |
France | 8.1% |
China | 9.9% |
The United States dominates the intravascular location device market and is expected to exhibit a CAGR of 2.7% throughout the forecast period.
Tip location device sales in the United Kingdom are expected to increase at a rate of 3.9% per year until 2034.
China held the dominant revenue share in the East Asian market, contributing 70.8% share in 2023. The market is expected to propagate at a CAGR of 9.9% between 2024 and 2034.
The demand for tip location devices in France is anticipated to develop at a CAGR of 8.1% through 2034.
Germany occupied around half of the revenue share in the Western Europe intravascular location device market in 2023. The tip location device market is expected to exhibit a CAGR of 2.9% during the forecasted period.
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Attributes | Details |
---|---|
Top Product Type | Tip Location System |
Market Segment Growth Rate from 2024 to 2034 | 5% CAGR |
Market Segment Growth Rate from 2019 to 2023 | 3.7% CAGR |
Based on product type, the tip location system segment is anticipated to witness a higher CAGR of 5% from 2024 to 2034. The net worth of this segment was US$ 119.8 million, representing a substantial 52.5% market share in 2023.
Attributes | Details |
---|---|
Top Technology Type | ECG Tip Confirmation |
Market Segment Growth Rate from 2024 to 2034 | 3.6% CAGR |
Market Segment Growth Rate from 2019 to 2023 | 3.3% CAGR |
Based on technology type, the ECG tip confirmation segment contributed to more than 90% of the market share in 2023. This segment is likely to retain its dominance throughout the projected period, with a projected CAGR of 3.6%.
Attributes | Details |
---|---|
Top End User Vertical | Hospitals |
Market Segment Growth Rate from 2024 to 2034 | 4.4% CAGR |
Market Segment Growth Rate from 2019 to 2023 | 3.6% CAGR |
Based on different end users of intravascular location technology, the hospital segment accounted for more than 50% of catheter navigation system sales in 2023. This segment is projected to rise further, registering a CAGR of 4.4% through the forecast years.
To strengthen their positions, leading companies are strategically collaborating and expanding their geographical reach. These companies promise better precision in minimally invasive procedures and aim to foster a transformative impact on the landscape of the tip location devices industry. Key market players are entering new areas to reach a larger consumer base and take advantage of new opportunities through geographical expansion.
Recent Developments in the Tip Location Device Market
Attribute | Details |
---|---|
Estimated Market Size (2024) | US$ 238.9 million |
Projected Market Size (2034) | US$ 357.7 million |
Anticipated Growth Rate (2024 to 2034) | 4.2% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | US$ million or billion for Value and Units for Volume |
Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | By Product Type, By Technology Type, By End Use Verticals, and By Region |
Key Companies Profiled | Becton, Dickinson and Company; AngioDynamics; B. Braun Melsungen AG; Vygon (UK) Ltd.; Teleflex Incorporated |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The market is estimated to be around US$ 238.9 million in 2024.
The market is projected to develop at 4.2% during the forecast period.
The market is forecasted to be valued at US$ 357.7 million by 2034.
The tip location systems segment held a 52.5% share of the market in 2023.
China is predicted to witness a CAGR of 9.9% in sales of tip location devices through 2034.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions and Exclusions
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Development/Innovation Trends
4. Value Added Insights
4.1. Product Adoption/ Usage Analysis
4.2. PICC Procedure Statistics, By Country
4.3. Regulatory Scenario, By Country
4.3.1. Regulatory Frameworks in USA
4.3.2. Regulatory Frameworks in Europe
4.3.3. Regulatory Frameworks in Australia
4.3.4. Regulatory Frameworks in China
4.3.5. Regulatory Frameworks in Japan
4.4. Reimbursement Scenario
4.5. PESTEL Analysis by Region
4.6. PORTER Analysis
4.7. Value Chain Analysis
5. Market Background
5.1. Macro-Economic Factors
5.1.1. Global Healthcare Expenditure Outlook
5.1.2. Global Life Expectancy Outlook
5.1.3. R&D Funding by Region
5.1.4. R&D Funding by Country
5.2. Forecast Factors - Relevance & Impact
5.2.1. Technological Advancements
5.2.2. Increasing Prevalence of Chronic Diseases
5.2.3. Patient Safety Concerns
5.2.4. Rising Geriatric Population
5.2.5. Focus on Minimizing Radiation Exposure
5.2.6. Increasing Number of PICC Insertion Procedures
5.2.7. Collaborations and Partnerships
5.2.8. Regulatory Landscape and Approvals
5.2.9. Reimbursement Policies and Healthcare Spending
5.3. Market Dynamics
5.3.1. Drivers
5.3.2. Restraints
5.3.3. Opportunity Analysis
6. Global Market Demand (in Volume) Analysis 2018 to 2023 and Forecast, 2024 to 2034
6.1. Historical Market Volume (Units) Analysis, 2018 to 2023
6.2. Current and Future Market Volume (Units) Projections, 2024 to 2034
6.2.1. Y-o-Y Growth Trend Analysis
7. Global Market Pricing Analysis
7.1. Regional Pricing Analysis by Product
7.2. Average Pricing Analysis Benchmark
7.3. Pricing Assumptions
8. Global Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2023 and Forecast, 2024 to 2034
8.1. Historical Market Value (US$ Million) Analysis, 2018 to 2023
8.2. Current and Future Market Value (US$ Million) Projections, 2024 to 2034
8.2.1. Y-o-Y Growth Trend Analysis
8.2.2. Absolute $ Opportunity Analysis
8.3. Revenue Opportunity Scenario- Likely/Conservative/Optimistic
9. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Product
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) & Volume Analysis by Product, 2018 to 2023
9.3. Current and Future Market Size (US$ Million) & Volume Analysis and Forecast by Product, 2024 to 2034
9.3.1. Tip Location System
9.3.2. Accessories
9.3.2.1. Integrated Catheters
9.3.2.2. ECG Cables
9.3.2.3. ECG Clip Cables
9.3.2.4. ECG Lead Sets
9.4. Market Attractiveness Analysis by Product
10. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Technology
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) By Technology, 2018 to 2023
10.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Technology, 2024 to 2034
10.3.1. ECG Tip Confirmation
10.3.2. ECG with Magnetic Tracking
10.3.3. ECG and Intravascular Doppler
10.4. Market Attractiveness Analysis by Technology
11. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By End User
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) By End User, 2018 to 2023
11.3. Current and Future Market Size (US$ Million) Analysis and Forecast by End User, 2024 to 2034
11.3.1. Hospitals
11.3.2. Ambulatory Surgical Centers
11.3.3. Catheterization Labs
11.4. Market Attractiveness Analysis by End User
12. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Region
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Million) & Volume Analysis by Region, 2018 to 2023
12.3. Current and Future Market Size (US$ Million) & Volume Analysis and Forecast by Region, 2024 to 2034
12.3.1. North America
12.3.2. Latin America
12.3.3. East Asia
12.3.4. South Asia & Pacific
12.3.5. Western Europe
12.3.6. Eastern Europe
12.3.7. Middle East & Africa
12.4. Market Attractiveness Analysis by Region
13. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
13.1. Introduction
13.2. Historical Market Size (US$ Million) & Volume Analysis by Market Taxonomy, 2018 to 2023
13.3. Current and Future Market Size (US$ Million) & Volume Analysis and Forecast by Market Taxonomy, 2024 to 2034
13.3.1. By Country
13.3.1.1. USA
13.3.1.2. Canada
13.3.1.3. Mexico
13.3.2. By Product
13.3.3. By Technology
13.3.4. By End User
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Product
13.4.3. By Technology
13.4.4. By End User
13.5. Market Trends
13.6. Key Market Participants - Intensity Mapping
13.7. Drivers and Restraints - Impact Analysis
13.8. Country Level Analysis & Forecast
13.8.1. USA Market Analysis
13.8.1.1. Introduction
13.8.1.2. Market Analysis and Forecast by Market Taxonomy
13.8.1.2.1. By Product
13.8.1.2.2. By Technology
13.8.1.2.3. By End User
13.8.2. Canada Market Analysis
13.8.2.1. Introduction
13.8.2.2. Market Analysis and Forecast by Market Taxonomy
13.8.2.2.1. By Product
13.8.2.2.2. By Technology
13.8.2.2.3. By End User
13.8.3. Mexico Market Analysis
13.8.3.1. Introduction
13.8.3.2. Market Analysis and Forecast by Market Taxonomy
13.8.3.2.1. By Product
13.8.3.2.2. By Technology
13.8.3.2.3. By End User
14. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
14.1. Introduction
14.2. Historical Market Size (US$ Million) & Volume Analysis by Market Taxonomy, 2018 to 2023
14.3. Current and Future Market Size (US$ Million) & Volume Analysis and Forecast by Market Taxonomy, 2024 to 2034
14.3.1. By Country
14.3.1.1. Brazil
14.3.1.2. Chile
14.3.1.3. Rest of Latin America
14.3.2. By Product
14.3.3. By Technology
14.3.4. By End User
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Product
14.4.3. By Technology
14.4.4. By End User
14.5. Market Trends
14.6. Key Market Participants - Intensity Mapping
14.7. Drivers and Restraints - Impact Analysis
14.8. Country Level Analysis & Forecast
14.8.1. Brazil Market Analysis
14.8.1.1. Introduction
14.8.1.2. Market Analysis and Forecast by Market Taxonomy
14.8.1.2.1. By Product
14.8.1.2.2. By Technology
14.8.1.2.3. By End User
14.8.2. Chile Market Analysis
14.8.2.1. Introduction
14.8.2.2. Market Analysis and Forecast by Market Taxonomy
14.8.2.2.1. By Product
14.8.2.2.2. By Technology
14.8.2.2.3. By End User
15. East Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
15.1. Introduction
15.2. Historical Market Size (US$ Million) & Volume Analysis by Market Taxonomy, 2018 to 2023
15.3. Current and Future Market Size (US$ Million) & Volume Analysis and Forecast by Market Taxonomy, 2024 to 2034
15.3.1. By Country
15.3.1.1. China
15.3.1.2. Japan
15.3.1.3. South Korea
15.3.2. By Product
15.3.3. By Technology
15.3.4. By End User
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product
15.4.3. By Technology
15.4.4. By End User
15.5. Market Trends
15.6. Key Market Participants - Intensity Mapping
15.7. Drivers and Restraints - Impact Analysis
15.8. Country Level Analysis & Forecast
15.8.1. China Market Analysis
15.8.1.1. Introduction
15.8.1.2. Market Analysis and Forecast by Market Taxonomy
15.8.1.2.1. By Product
15.8.1.2.2. By Technology
15.8.1.2.3. By End User
15.8.2. Japan Market Analysis
15.8.2.1. Introduction
15.8.2.2. Market Analysis and Forecast by Market Taxonomy
15.8.2.2.1. By Product
15.8.2.2.2. By Technology
15.8.2.2.3. By End User
15.8.3. South Korea Market Analysis
15.8.3.1. Introduction
15.8.3.2. Market Analysis and Forecast by Market Taxonomy
15.8.3.2.1. By Product
15.8.3.2.2. By Technology
15.8.3.2.3. By End User
16. South Asia & Pacific Market Analysis 2018 to 2023 and Forecast 2024 to 2034
16.1. Introduction
16.2. Historical Market Size (US$ Million) & Volume Analysis by Market Taxonomy, 2018 to 2023
16.3. Current and Future Market Size (US$ Million) & Volume Analysis and Forecast by Market Taxonomy, 2024 to 2034
16.3.1. By Country
16.3.1.1. India
16.3.1.2. ASEAN Countries
16.3.1.3. Australia & New Zealand
16.3.1.4. Rest of South Asia and Pacific
16.3.2. By Product
16.3.3. By Technology
16.3.4. By End User
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Product
16.4.3. By Technology
16.4.4. By End User
16.5. Key Market Participants - Intensity Mapping
16.6. Drivers and Restraints - Impact Analysis
16.7. Country Level Analysis & Forecast
16.7.1. India Market Analysis
16.7.1.1. Introduction
16.7.1.2. Market Analysis and Forecast by Market Taxonomy
16.7.1.2.1. By Product
16.7.1.2.2. By Technology
16.7.1.2.3. By End User
16.7.2. ASEAN Countries Market Analysis
16.7.2.1. Introduction
16.7.2.2. Market Analysis and Forecast by Market Taxonomy
16.7.2.2.1. By Product
16.7.2.2.2. By Technology
16.7.2.2.3. By End User
16.7.3. Australia & New Zealand Market Analysis
16.7.3.1. Introduction
16.7.3.2. Market Analysis and Forecast by Market Taxonomy
16.7.3.2.1. By Product
16.7.3.2.2. By Technology
16.7.3.2.3. By End User
17. Western Europe Market 2018 to 2023 and Forecast 2024 to 2034
17.1. Introduction
17.2. Historical Market Size (US$ Million) & Volume Analysis by Market Taxonomy, 2018 to 2023
17.3. Current and Future Market Size (US$ Million) & Volume Analysis and Forecast by Market Taxonomy, 2024 to 2034
17.3.1. By Country
17.3.1.1. Germany
17.3.1.2. Italy
17.3.1.3. France
17.3.1.4. UK
17.3.1.5. Spain
17.3.1.6. BENELUX
17.3.1.7. Nordic Countries
17.3.1.8. Rest of Western Europe
17.3.2. By Product
17.3.3. By Technology
17.3.4. By End User
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Product
17.4.3. By Technology
17.4.4. By End User
17.5. Market Trends
17.6. Key Market Participants - Intensity Mapping
17.7. Drivers and Restraints - Impact Analysis
17.8. Country Level Analysis & Forecast
17.8.1. Germany Market Analysis
17.8.1.1. Introduction
17.8.1.2. Market Analysis and Forecast by Market Taxonomy
17.8.1.2.1. By Product
17.8.1.2.2. By Technology
17.8.1.2.3. By End User
17.8.2. France Market Analysis
17.8.2.1. Introduction
17.8.2.2. Market Analysis and Forecast by Market Taxonomy
17.8.2.2.1. By Product
17.8.2.2.2. By Technology
17.8.2.2.3. By End User
17.8.3. Spain Market Analysis
17.8.3.1. Introduction
17.8.3.2. Market Analysis and Forecast by Market Taxonomy
17.8.3.2.1. By Product
17.8.3.2.2. By Technology
17.8.3.2.3. By End User
17.8.4. Italy Market Analysis
17.8.4.1. Introduction
17.8.4.2. Market Analysis and Forecast by Market Taxonomy
17.8.4.2.1. By Product
17.8.4.2.2. By Technology
17.8.4.2.3. By End User
17.8.5. BENELUX Market Analysis
17.8.5.1. Introduction
17.8.5.2. Market Analysis and Forecast by Market Taxonomy
17.8.5.2.1. By Product
17.8.5.2.2. By Technology
17.8.5.2.3. By End User
17.8.6. Nordic Countries Market Analysis
17.8.6.1. Introduction
17.8.6.2. Market Analysis and Forecast by Market Taxonomy
17.8.6.2.1. By Product
17.8.6.2.2. By Technology
17.8.6.2.3. By End User
17.8.7. United Kingdom Market Analysis
17.8.7.1. Introduction
17.8.7.2. Market Analysis and Forecast by Market Taxonomy
17.8.7.2.1. By Product
17.8.7.2.2. By Technology
17.8.7.2.3. By End User
18. Eastern Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
18.1. Introduction
18.2. Historical Market Size (US$ Million) & Volume Analysis by Market Taxonomy, 2018 to 2023
18.3. Current and Future Market Size (US$ Million) & Volume Analysis and Forecast by Market Taxonomy, 2024 to 2034
18.3.1. By Country
18.3.1.1. Russia
18.3.1.2. Hungary
18.3.1.3. Poland
18.3.1.4. Rest of Eastern Europe
18.3.2. By Product
18.3.3. By Technology
18.3.4. By End User
18.4. Market Attractiveness Analysis
18.4.1. By Country
18.4.2. By Product
18.4.3. By Technology
18.4.4. By End User
18.5. Market Trends
18.6. Key Market Participants - Intensity Mapping
18.7. Drivers and Restraints - Impact Analysis
18.8. Country Level Analysis & Forecast
18.8.1. Russia Market Analysis
18.8.1.1. Introduction
18.8.1.2. Market Analysis and Forecast by Market Taxonomy
18.8.1.2.1. By Product
18.8.1.2.2. By Technology
18.8.1.2.3. By End User
18.8.2. Hungary Market Analysis
18.8.2.1. Introduction
18.8.2.2. Market Analysis and Forecast by Market Taxonomy
18.8.2.2.1. By Product
18.8.2.2.2. By Technology
18.8.2.2.3. By End User
18.8.3. Poland Market Analysis
18.8.3.1. Introduction
18.8.3.2. Market Analysis and Forecast by Market Taxonomy
18.8.3.2.1. By Product
18.8.3.2.2. By Technology
18.8.3.2.3. By End User
19. Middle East & Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034
19.1. Introduction
19.2. Key Players Analyzed
19.3. Historical Market Size (US$ Million) & Volume Analysis by Market Taxonomy, 2018 to 2023
19.4. Current and Future Market Size (US$ Million) & Volume Analysis and Forecast by Market Taxonomy, 2024 to 2034
19.4.1. By Country
19.4.1.1. Saudi Arabia
19.4.1.2. Türkiye
19.4.1.3. South Africa
19.4.1.4. Other African Union
19.4.1.5. Rest of MEA
19.4.2. By Product
19.4.3. By Technology
19.4.4. By End User
19.5. Market Attractiveness Analysis
19.5.1. By Country
19.5.2. By Product
19.5.3. By Technology
19.5.4. By End User
19.6. Market Trends
19.7. Key Market Participants - Intensity Mapping
19.8. Drivers and Restraints - Impact Analysis
19.9. Country Level Analysis & Forecast
19.9.1. Saudi Arabia Market Analysis
19.9.1.1. Introduction
19.9.1.2. Market Analysis and Forecast by Market Taxonomy
19.9.1.2.1. By Product
19.9.1.2.2. By Technology
19.9.1.2.3. By End User
19.9.2. Türkiye Market Analysis
19.9.2.1. Introduction
19.9.2.2. Market Analysis and Forecast by Market Taxonomy
19.9.2.2.1. By Product
19.9.2.2.2. By Technology
19.9.2.2.3. By End User
19.9.3. South Africa Market Analysis
19.9.3.1. Introduction
19.9.3.2. Market Analysis and Forecast by Market Taxonomy
19.9.3.2.1. By Product
19.9.3.2.2. By Technology
19.9.3.2.3. By End User
19.9.4. Other African Union Market Analysis
19.9.4.1. Introduction
19.9.4.2. Analysis and Forecast by Market Taxonomy
19.9.4.2.1. By Product
19.9.4.2.2. By Technology
19.9.4.2.3. By End User
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies
20.2. Market Share Analysis of Top Players
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Branding & Promotional Strategies by Key Players
21.4. Competition Deep Dive
21.4.1. Teleflex Incorporated
21.4.1.1. Overview
21.4.1.2. Product Portfolio
21.4.1.3. Key Financials
21.4.1.4. SWOT Analysis
21.4.1.5. Key Developments
21.4.1.6. Sales Footprint
21.4.1.7. Strategy Overview
21.4.1.7.1. Marketing Strategy
21.4.1.7.2. Product Strategy
21.4.1.7.3. Channel Strategy
21.4.2. Becton, Dickinson and Company
21.4.3. AngioDynamics
21.4.4. B. Braun Melsungen AG
21.4.5. Vygon (UK) Ltd.
22. Assumptions and Acronyms Used
23. Research Methodology
Healthcare
December 2023
REP-GB-12726
462 pages
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