Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on central venous catheter market provides in-depth
analysis of segments and sub-segments in the global as well as regional central
venous catheter market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional central venous
catheter market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global
central venous catheter market. According to the report, the global central
venous catheter market is projected to grow at a CAGR of 6% over the forecast
period of 2020-2026.
Central venous catheters (CVC)
include a wide range of central venous access devices. CVCs are used for
patients that need care for a longer period of time. CVCs are much longer than
regular IV tubes. It typically goes into a large vein in the arm or chest.
Doctors generally use CVC to give medicine for pain, infection, and other
conditions, such as cancer or cardiac problems. CVCs are also used for taking
samples for tests and to give fluids, nutrients, and blood. Moreover, a wide
range of CVCs are available in the market including peripherally inserted
central catheter (PICC), tunneled and non-tunneled CVC, and implanted port. The
market players are offering differentiated CVC products for different
applications to consolidate their market position.
The spread of the COVID-19
pandemic had a fairly positive effect on the central venous catheter market.
The demand for CVCs increased dramatically over the period of the pandemic.
CVCs were used to treat the COVID-19 patients across many hospitals. Moreover,
COVID-19 is found to be fatal for patients with pre-existing diseases such as
cancers, heart disorders, diabetes, and others. Thus, extra care was taken of
the patients with pre-existing diseases during the pandemic. This, in turn,
augmented the growth of the market over the period. Furthermore, the regulatory
bodies controlling the production and manufacturing of medical supplies eased
down certain restrictions to facilitate the supply of products required to
combat the pandemic. Relaxation of restrictions to produce, and distribute
medical supplies helped market players to increase the sale of CVCs during the
pandemic.
The growing prevalence of chronic
health conditions such as cardiac diseases, cancers, and cystic fibrosis is
majorly driving the market growth. The CVC is widely used for diagnostic, and
therapeutic purposes in several chronic diseases. Moreover, the rise in the
geriatric population across the world is further supporting the growth of the
market. Elderly people need greater attention and care while carrying out
certain medical procedures. They are more susceptible to chronic disorders,
which require special therapy that uses CVC. In addition, the increasing demand
for antimicrobial-coated catheters is anticipated to augment the market growth.
However, the complications associated with CVCs are majorly hampering market
growth. Several issues such as central vein damage, injury, bleeding, and
hematoma are faced during CVC placement. Nevertheless, R&D activities to
develop innovative CVC products are anticipated to offer growth opportunities
to the market players.
In terms of region, the global
central venous catheters market is segmented into North America, Europe,
Asia-Pacific, and the Rest of the World. the North America region accounted for
the largest share in the global central venous catheters market in 2019.
Domination of North America in the market was mainly attributed to the higher
prevalence of cancer, and heart disease in the region. Moreover, the rapidly
growing geriatric population in North America is supporting the growth of the
central venous catheter market in the region. On the other hand, the Asia
Pacific central venous catheter market is anticipated to grow at the fastest
rate among the regions. The demand for CVCs from a large patient pool in the
Asia Pacific is majorly driving the market growth in the region. In addition,
the improving healthcare sector and growing expenditure on healthcare in
augmenting the demand for CVCs in the Asia Pacific.
The report on the global central
venous catheter market covers segments such as product, design, application,
and end-user. On the basis of product, the sub-markets include peripherally
inserted central catheters (PICC), tunneled central venous catheter,
non-tunneled central venous catheter, and implantable ports. On the basis of
design, the sub-markets include single lumen, double lumen, and multiple lumen.
On the basis of application, the sub-markets include cardiovascular procedure,
chemotherapy, dialysis, blood transfusion, and others. On the basis of
end-user, the sub-markets include hospitals, ambulatory surgical centers,
clinics, and others.
The report provides profiles of
the companies in the market such as AngioDynamics Inc., B. Braun Melsungen AG,
Becton, Dickinson and Company, Cook Medical, Inc., C. R. Bard, Inc., Kimal PLC,
Teleflex Incorporated, Smiths Medical, Inc., ICU Medical, Inc., and Guangdong
Baihe Medical Technology Co., Ltd.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of central venous catheter market. Moreover, the study highlights
current market trends and provides forecast from 2020-2026. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.