Tip Location Devices Market Size (2024 - 2029)

Tip Location Devices Market Analysis

The Tip Location Devices Market size is estimated at USD 233.71 million in 2024, and is expected to reach USD 287.76 million by 2029, growing at a CAGR of 4.25% during the forecast period (2024-2029).

Tip location devices are used to precisely locate catheter tips within the vascular system during procedures. They utilize cutting-edge methods such as electrocardiograms (ECG), magnetic tracking, and intravascular dopplers to guide the placement of catheters in the superior vena cava and at the cavoatrial junction. The need for tip positioning devices is driven by increased procedure volumes, especially in critical care medicine and interventional cardiology, technological advancement, and the rising prevalence of chronic disease.

According to the data published by Gullo and Qanadli in May 2022, electrocardiogram tip location systems (ECG TLS) are an innovative generation of tip location devices that provide real-time catheter tip confirmation. The use of traditional chest X-rays (CXR) for tip confirmation is notably reduced by ECG TLS, which, in most cases, expedites patient treatment and streamlines workflow. Thus, the advanced tip location devices that use electrocardiograms to guide the positioning of the catheters are likely to contribute to the demand for tip location devices.

According to data published in the Journal of Euro Surveill in March 2023, an estimated 150,000 deaths occur annually in Europe due to bloodstream infections (BSI), underlining the immense public health burden. This highlights the critical need for preventative measures. Therefore, considering the high mortality rate and prevalence of bloodstream infections (BSI), combined with the established risk of catheter misplacement, the demand for tip location devices is driven by the need to prevent these life-threatening infections.

Additionally, the BD Sherlock 3CGTM Tip Confirmation System (TCS) is a cutting-edge device that uses both magnetic tracking and ECG to confirm PICC tip location right at the patient's bedside. This eliminates the need for extra X-rays or fluoroscopy, which saves time, money, and radiation exposure. These technological advancements are expected to be major factors driving the market for PICC devices over the next few years.

However, the regulatory challenges and reimbursement issues, lack of skilled professionals, and low accessibility in low-income countries restrain the market’s growth.

Tip Location Devices Industry Segmentation

Tip location devices are used to determine the location of the tip of a catheter accurately within the patient’s body. These devices are highly used in procedures where the precision of catheter positioning is critical, such as peripherally inserted central catheter (PICC) placement, central venous catheterization, or cardiac catheterization.

The tip location devices market is segmented into product type, technology, end user, and geography. By product type, the market is segmented into tip location devices and accessories. By technology, the market is ECG tip confirmation, ECG with magnetic tracking, and ECG with intravascular doppler. By end user, the market is segmented into hospitals, catheterization labs, and ambulatory surgical centers. By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. The market report also covers the estimated market sizes and trends for 13 different countries across major regions globally. The report offers the value (USD) for the above segments.