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Japan Market Report for Peripherally Inserted Central Catheters 2017 - MedCore

LONDON, March 2, 2017 /PRNewswire/ --

General Report Contents
- Market Analyses include: Unit Sales, ASPs, Market Value & Growth Trends
- Market Drivers & Limiters for each chapter segment
- Competitive Analysis for each chapter segment
- Section on recent mergers & acquisitions

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In 2016, the Japanese market for PICCs increased over the previous year. Over the forecast period, the Japanese PICC market is expected to increase as initiatives by leading companies to educate practitioners improve, convincing them to switch from CVCs to PICCs. In 2016, the market for PICCs was still very underdeveloped in Japan in comparison to the CVC market. The ASP for a PICC in 2016 decreased from the previous year. Reimbursement is relatively high for PICCs, especially multi-lumen PICCs. In Japan, reimbursement varies by product and approximately covers the cost of the device. For this reason, hospitals will increasingly look upon PICCs as a cost-effective vascular access device that has the benefit of reducing the risk of infection, compared to a CVC. However, price competition and reimbursement changes will lead to declines in ASP.

The Japanese market for peripherally inserted central catheters (PICCs) is split into two segments: power-injectable and non-power-injectable PICCs. Non-power-injectable PICCs are defined as PICCs that do not feature power-injection or antimicrobial properties. Although power-injectable PICCs have become the standard of care in some countries such as the United States, Japan still prefers conventional PICCs. In 2016, power-injectable PICCs represented less than 50% of the total market for PICCs, with the remaining balance represented by non-power-injectable PICCs. Growth in the unit sales of advanced materials PICCs is expected to drive gains in the share of power-injectable PICCs over the forecast period.

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