Global Central Venous Catheter Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Central Venous Catheter Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global central venous catheter market report has been segmented on the basis of product type, design, composition, procedure, end user, and region.
Global Central Venous Catheter Market: Overview
A central venous catheter also known as a central line or CVC, is a long, soft, thin, hollow tube that is placed into a large vein in order to administration of intravenous fluids, blood products, medications, nutrition, cancer medications, etc.
Global Central Venous Catheter Market: Dynamics
Increasing incidence of renal diseases is a major factor expected to drive growth of the global market over the forecast period. For instance, in 2017 according to research survey conducted by US Renal Data System (USRDS), around 440,000 patients where suffering with End-Stage Renal Disease (ESRD) in the US and they need hemodialysis for survival yearly.
In addition, increasing prevalence of cancer is another factor expected to further fuel growth of the target market over the forecast period. Moreover, central venous catheterization is used for chemotherapy administration, administration of intravenous fluids, parenteral nutrition, administration of blood and platelet transfusions, etc. is expected to support growth of this market.
Furthermore, innovative product development and increasing need of long-duration IV therapies such as chemotherapy is another factor expected to propel growth of the target market over the forecast period. Moreover, introduction of catheters coupled with antimicrobial protection – which reduce central venous catheter-related infections is expected to boost growth of the global market over the forecast period.
However, risks related to catheters such as damage to central veins, pulmonary complications, cardiac complications, device dysfunction, and catheter-related bloodstream infection are major factors expected to restrain growth of the global market over the forecast period. In addition, high cost of antimicrobial coated catheters is another factor expected to hamper growth of the target market over the forecast period.
Global Central Venous Catheter Market: Segment Analysis
By product type, the peripherally inserted central catheter segment is expected to dominate in the target market over the forecast period, increasing adoption rate of catheters for a various treatment options such as chemotherapy, antibiotic treatment, and nutrition. By design, the multi lumen segment is expected to register significant growth in terms of revenue over the forecast period as it enables management of more than 1 treatment at same time.
By composition, the polyurethane segment is register highest growth rate over the forecast period, owing to its functionalities such as greater compatibility, flexibility, etc. By procedure, the chemotherapy procedure segment is expected to dominate in the global market and is expected to continue its dominance over the forecast period as it is considered as effective alternatives for conventional drug infusion techniques for chemotherapy. In addition, increasing incidence of cancer is expected to support growth of this segment.
Global Central Venous Catheter Market: Regional Analysis
The market in North America expected to dominate in the global market, owing to improved healthcare infrastructure and easy availability of catheters in healthcare facility. In addition, increasing prevalence of cancer in various countries in the region. The market in Europe is expected to be the second largest market for central venous catheter, owing to increasing number of patients undergoing dialysis and transfusion of blood products across countries in the region. The market in Asia Pacific is expected to register higher growth rate, owing to increasing patient pool, rising government initiatives in order to provide better healthcare facilities, and rising disposable income across various countries in this region over the forecast period.
Global Central Venous Catheter Market Segmentation:
Segmentation by product type:
- Peripherally Inserted Central Catheters (PICC)
- Implantable Ports
- Tunneled Central Venous Catheter
- Non-tunneled Central Venous Catheter
Segmentation by design:
- Single Lumen
- Double Lumen
- Multiple Lumen
Segmentation by composition:
Segmentation by procedure:
- Cardiovascular Procedure
- Chemotherapy Procedure
- Dialysis Procedure
Segmentation by end user:
- Ambulatory Surgical Centers
- Specialty Clinics
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Central Venous Catheter
- R. Bard, Inc.
- Teleflex Incorporated
- Braun Melsungen AG
- Medtronic Plc
- Vygon (UK) Ltd.
- Cook Medical Inc.
- Argon Medical Devices, Inc.
- ICU Medical, Inc.
- Theragenics Corporation
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