{"id":80419,"date":"2020-11-19T04:29:00","date_gmt":"2020-11-19T09:29:00","guid":{"rendered":"https:\/\/decisionresourcesgroup.com\/?p=80419"},"modified":"2020-11-19T04:29:00","modified_gmt":"2020-11-19T09:29:00","slug":"picc-vascular-access-market-competitive-factors-strategies","status":"publish","type":"post","link":"https:\/\/clarivate.com\/life-sciences-healthcare\/blog\/picc-vascular-access-market-competitive-factors-strategies\/","title":{"rendered":"PICC vascular access market: competitive factors and strategies"},"content":{"rendered":"<p><em>Clarivate vascular expert Jackie Lui shares findings from her analysis of the <\/em><a href=\"https:\/\/decisionresourcesgroup.com\/report\/m360va0027-medtech-vascular-access-devices-market-insights-united\/\" target=\"_blank\" rel=\"noopener\"><em>PICC vascular access market<\/em><\/a><em>, reviewing key competitive strategies and takeaways for <\/em><em> strategists. <\/em><\/p>\n<p>While some argue that <a href=\"http:\/\/velanovascular.com\/wp-content\/uploads\/2017\/01\/Annals-of-Internal-Medicine-PICCs-Overuse.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">peripherally inserted central catheters (PICC) have become overused<\/a>, their refined and more careful use \u2014 mainly as infusion devices \u2014 remains\u00a0 beneficial.<\/p>\n<p>Advantages of PICCs as vascular access devices include:<\/p>\n<ul>\n<li>Nonsurgical placement<\/li>\n<li>Placement by trained nurses, which improves cost efficiency<\/li>\n<li>Lower infection rate compared to acute central venous catheters<\/li>\n<li>Suitability to longer-term use relative to short peripheral intravenous and midline catheters<\/li>\n<li>Compatibility with tip-location devices to facilitate appropriate placements (more on this below)<\/li>\n<\/ul>\n<p>Despite some continued contraction of use, due to these advantages, the PICC market continues to generate more than $200 million annually in the United States alone and PICC competitors continue to innovate and strategize in this space. This article offers a detailed look at some of the major competitive strategies employed in the U.S. PICC market.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 16px\"><strong>Table 1<\/strong> \u2014 PICC Competitive Factors and Strategies<\/span><\/p>\n<table class=\"table\">\n<tbody>\n<tr>\n<td><strong>Factor\/Strategy<\/strong><\/td>\n<td><strong>PICCs<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Physician Training and Marketing<\/td>\n<td>High<\/td>\n<\/tr>\n<tr>\n<td>Product Portfolio Management<\/td>\n<td>High<\/td>\n<\/tr>\n<tr>\n<td>Product Improvements and Innovations<\/td>\n<td>High<\/td>\n<\/tr>\n<tr>\n<td>Sites of Service<\/td>\n<td>Medium<\/td>\n<\/tr>\n<tr>\n<td>Mergers, Acquisitions, and Partnerships<\/td>\n<td>Medium<\/td>\n<\/tr>\n<tr>\n<td>Clinical Data<\/td>\n<td>Medium<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-size: 14px\"><strong>Source: <\/strong>Clarivate analysis<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3>Physician training and marketing<\/h3>\n<p>Growing awareness of the costs of catheter-related complications in healthcare facilities has led to increased demand for solutions that reduce complication rates.<\/p>\n<p>Numerous clinical studies have demonstrated that a substantial portion of complications result from inappropriate use and maintenance of vascular access devices. By offering either online or on-site training programs, manufacturers and distributors in this space are differentiating their products from competitors, as well as building brand loyalty by assisting with proper use of their devices.<\/p>\n<p>Successful examples include <a href=\"https:\/\/learn.teleflex-academy.com\/learn?gclid=Cj0KCQjw38-DBhDpARIsADJ3kjmUMKD7IIL_iEDxlZ6F5QdXd_i3oGJUgo2y5sUizq2NU6bEBdyifW4aAnCyEALw_wcB\" target=\"_blank\" rel=\"noopener noreferrer\">Teleflex Medical&#8217;s\u00a0Teleflex Academy program<\/a> and\u00a0<a href=\"https:\/\/www.bd.com\/en-uk\/about-bd\/services\/training\" target=\"_blank\" rel=\"noopener noreferrer\">BD&#8217;s Clinical Training program<\/a> Furthermore, training programs targeting a wide spectrum of end users, including nurse practitioners and vascular access specialists, <a href=\"https:\/\/www.ncbi.nlm.nih.gov\/books\/NBK209871\/\" target=\"_blank\" rel=\"noopener noreferrer\">have offered manufacturers a competitive advantage<\/a> \u2014 particularly in facilities where nurses are the primary users of vascular access devices.<\/p>\n<p>&nbsp;<\/p>\n<h3>Product portfolio management<\/h3>\n<p>Because nurses, rather than interventional radiologists, place the majority of\u00a0PICCs in the United States, manufacturers and distributors have designed their offerings to better help these nurses. One way this is accomplished is through compilations, such as bedside\u00a0PICC\u00a0placement kits, which help save preparation time for nurses, allowing them to focus on patients.<\/p>\n<p>Such kits contain all the necessary items required during bedside\u00a0PICC\u00a0placements, including dressings, gowns, alcohol wipes and syringes. Examples include\u00a0BD&#8217;s\u00a0Maximal Barrier Kit for its\u00a0PICCs, Teleflex Medical&#8217;s Arrow\u00a0PICC\u00a0Bedside Kit and AngioDynamics&#8217; Morpheus SMART\u00a0PICC\u00a0bedside insertion kit.<\/p>\n<p>Further, major competitors\u00a0BD, Teleflex Medical and Medcomp all provide tip location systems to complement their\u00a0PICC\u00a0products in the U.S. market.\u00a0 In particular, companies that offer closed platform systems \u2014 such as\u00a0BD\u2019s\u00a0 Sherlock 3CG Tip Confirmation System\u00a0 and Teleflex Medical\u2019s Arrow\u00a0VPS system \u2014 may hold an advantage over companies that offer open tip location systems.<\/p>\n<p>Unlike open systems, which can be used with any company&#8217;s\u00a0PICCs and stylets, closed systems can only be used with associated\u00a0PICCs and stylets, usually from the same company. Therefore, if a company is able to demonstrate the benefits of its closed system over other tip location systems, this will support sales of the company&#8217;s own\u00a0PICCs and stylets.<\/p>\n<p>&nbsp;<\/p>\n<h3>Product improvements and innovations<\/h3>\n<p>Innovation in the PICC market has focused on improved device functionality and demonstrable patient outcomes, both of which have led to increased demand and the ability to garner premium prices.<\/p>\n<p>For example,\u00a0Teleflex Medical has seen increasing sales of its\u00a0PICC\u00a0devices following the introduction of Chlorag+ard technology, which offers both antimicrobial and antithrombogenic protection.\u00a0Similarly, AngioDynamics has added its antithrombogenic Endexo technology to its existing vascular access products, which could help the company increase its market share across several device segments.<\/p>\n<p>&nbsp;<\/p>\n<h3>Sites of service<\/h3>\n<p>As more procedures move out of hospitals, pricing, messaging and support needs may change.<\/p>\n<p>Given the shift toward\u00a0value-based\u00a0care in the United States, patients and payers are favoring less expensive and more accessible outpatient procedures when possible. Today, a significant portion of procedures involving PICC insertion are performed in these settings.\u00a0Nevertheless, non-hospital facilities often have more restricted\u00a0budgets and less inventory space than hospitals.<\/p>\n<p>As a result, vascular access device manufacturers and distributors are targeting their marketing and purchasing options to better meet the needs of non-hospital facilities. Specifically, competitors are offering premium and value-priced device options, just-in-time delivery and flexible payment options to expand their sales.<\/p>\n<p>&nbsp;<\/p>\n<h3>Mergers, acquisitions and partnerships<\/h3>\n<p>Acquisitions\u00a0and strategic partnerships remain an important way to expand complementary device offerings.<\/p>\n<p>For example, Teleflex Medical&#8217;s\u00a0<a href=\"https:\/\/www.businesswire.com\/news\/home\/20160111005026\/en\/Teleflex-Acquisition-Nostix-LLC-Expands-Catheter-Tip\" target=\"_blank\" rel=\"noopener noreferrer\">2016 acquisition<\/a>\u00a0of Nostix added an\u00a0ECG-only tip location device to its portfolio of central access devices. BD&#8217;s\u00a0<a href=\"https:\/\/www.bd.com\/en-us\/company\/news-and-media\/press-releases\/dec-29-2017-bd-completes-bard-acquisition-creating-new-global-health-care-leader\" target=\"_blank\" rel=\"noopener noreferrer\">2017 acquisition<\/a>\u00a0of C. R. Bard significantly expanded\u00a0BD&#8217;s\u00a0portfolio of complementary products, including infection control and needle-stick safety devices.<\/p>\n<p>Despite slower acquisition activity during the COVID-19 pandemic, mergers and acquisitions will remain an important strategy across vascular access, as well as the wider medtech market.<\/p>\n<p>&nbsp;<\/p>\n<h3>Clinical data<\/h3>\n<p>Companies are using clinical studies more often to differentiate their products by highlighting device safety, efficacy and cost-efficiency. However, COVID-19 is delaying trials and changing the way studies are designed.<\/p>\n<p>Value-based healthcare continues to drive the need for strong clinical data to support device selection and purchasing decisions, especially when new, premium-priced product innovations are being considered. For example, clinical trials have been used to measure the complication rate associated with antimicrobial and antithrombogenic PICCs. Because\u00a0many vascular access devices have only a limited degree of differentiation, clinical data demonstrating the safety, efficacy and cost-efficiency of specific models can strongly influence device purchasing decisions.<\/p>\n<p>Nevertheless, the current pandemic is negatively impacting clinical trial norms. Specifically<a href=\"https:\/\/clarivate.com\/cortellis\/article\/delays-in-clinical-trials-present-opportunities-for-pharma\/\" target=\"_blank\" rel=\"noopener noreferrer\">, enrollment and in-person treatments in many ongoing trials have been limited, postponed or cancelled<\/a> This has delayed companies&#8217; efforts to generate clinical data intended to support the regulatory approval of devices, reimbursement decisions and new product launches.<\/p>\n<p>Still, sponsors are developing new ways to enroll patients remotely through online platforms, phone and video. Moreover, real world data \u2014 data originating from EHRs or claims, for example \u2014 is being used more often as part of clinical study designs, which can also reduce the need for additional in-person patient contact.<\/p>\n<p>Overall, much of the long-term demand for PICCs will remain established. Although some competitive strategies in this space, such as efforts to accumulate clinical data and acquisition activity have been negatively affected by COVID-19 priorities, other key strategies such as ongoing product improvements, targeted training and an increased focus on outpatient procedures will continue to be important in this space as we progress through and beyond the pandemic.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Learn more about Clarivate vascular access device intelligence <\/strong><a href=\"https:\/\/decisionresourcesgroup.com\/report\/m360va0027-medtech-vascular-access-devices-market-insights-united\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong>. <\/strong><\/p>\n<p><em>Insights provided in this article were developed by Clarivate medical device market experts, using data and analysis of the <\/em><a href=\"https:\/\/decisionresourcesgroup.com\/report\/m360va0027-medtech-vascular-access-devices-market-insights-united\/\" target=\"_blank\" rel=\"noopener noreferrer\">PICC vascular access market<\/a><em>. Clarivate analysts will continue to keep a close eye on developments in fast-moving medtech markets. <\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Clarivate vascular expert Jackie Lui shares findings from her analysis of the PICC vascular access market, reviewing key competitive strategies and takeaways for strategists. While some argue that peripherally inserted&#8230;<\/p>\n","protected":false},"author":125,"featured_media":91558,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_links_to":"","_links_to_type":0,"footnotes":""},"categories":[21],"tags":[159],"class_list":["post-80419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-life-sciences-healthcare","tag-portfolio-strategy","clarivate-product-medtech"],"acf":[],"lang":"en","translations":{"en":80419},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/clarivate.com\/life-sciences-healthcare\/wp-json\/wp\/v2\/posts\/80419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clarivate.com\/life-sciences-healthcare\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clarivate.com\/life-sciences-healthcare\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clarivate.com\/life-sciences-healthcare\/wp-json\/wp\/v2\/users\/125"}],"replies":[{"embeddable":true,"href":"https:\/\/clarivate.com\/life-sciences-healthcare\/wp-json\/wp\/v2\/comments?post=80419"}],"version-history":[{"count":0,"href":"https:\/\/clarivate.com\/life-sciences-healthcare\/wp-json\/wp\/v2\/posts\/80419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/clarivate.com\/life-sciences-healthcare\/wp-json\/wp\/v2\/media\/91558"}],"wp:attachment":[{"href":"https:\/\/clarivate.com\/life-sciences-healthcare\/wp-json\/wp\/v2\/media?parent=80419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clarivate.com\/life-sciences-healthcare\/wp-json\/wp\/v2\/categories?post=80419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clarivate.com\/life-sciences-healthcare\/wp-json\/wp\/v2\/tags?post=80419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}