BRICS Medical CVC Kit Market (Type - Single Lumen Central Venous Catheters, Double Lumen Central Venous Catheters, and Triple Lumen Central Venous Catheters; Application - Chemotherapy, Blood Transfusions, and Others): Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report ongoing study by Infinium Global Research on the medical CVC kit market provides an in-depth analysis of segments and sub-segments in the BRICS as well as regional medical CVC kit market. The study also highlights the impact of drivers, restraints, and macro indicators on the BRICS and regional medical CVC kit market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the BRICS medical CVC kit market. According to the report, the BRICS medical CVC kit market is projected to grow at a significant CAGR over the forecast period of 2022-2028.

Market Insight

The BRICS medical CVC kit market was valued at a significant CAGR during the forecast period. A central venous catheter is also known as a central line or central venous line. It is a flexible tube, which is inserted into the vein below the right side of the collarbone and guided towards the large vein towards the heart, known as the superior vena cava. A central venous catheter is used for the administration of various fluids and these fluids can be easily injected into the body of the patients. The fluids include intravenous fluid, blood transfusions, and chemotherapy drugs. The guideline provided by the Centers for Disease Control and Prevention covers important aspects, which are associated with central venous catheters such as appropriate training for healthcare personnel who insert intravascular catheters and several other guidelines.

The major growth driver is the rising product advancement and innovations in the BRICS countries. The BRICS central venous catheter market experienced rapid expansion because of the increasing advancement of tip location devices that enable precise positioning or placement of the central venous catheter during the forecast period. Moreover, the decrease in the number of blood transfusions is expected to hamper the growth of the global central venous catheter market. For instance, in November 2021, an article was published in the journal, Transfusion Medicine and Hemotherapy, which stated that during the COVID-19 pandemic, more challenges arose for blood transfusion as a result of lockdown, social distancing, and fear of blood virus transmission.

In terms of region, the BRICS medical CVC kit market is segmented into Brazil, Russia, India, China, and South Africa. Russia holds the biggest market share, because of the inorganic activities by the market players such as partnerships and agreements in the region. Increasing presence and investment in Research and Development from major players in this sector will enhance the market growth in the BRICS region. India and China are expected to dominate the market during the forecast period as the countries have high populations. The rising developments and advancements of the devices will propel the growth of the market in the BRICS region.

Segment Covered

The report on BRICS medical CVC kit market covers segments such as type and application. On the basis of type, the sub-markets include single lumen central venous catheters, double lumen central venous catheters, and triple lumen central venous catheters. On the basis of application, the sub-markets include chemotherapy, blood transfusions, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as XINDRAY MEDICAL INTERNATIONAL CO., LIMITED, Sainty International Group Jiangsu Yangzhou Sumex Imp. & Exp. Co., Ltd., Suzhou Gold Sun Paper Co., Ltd., Shenzhen Afkmed Co., Ltd., Zibo Eastmed Healthcare Products Co., Ltd., Kunshan Bova Plastic Co., Ltd, Caremax Co., Ltd., Ningbo Finer Medical Instruments Co., Limited, Guangdong Baihe Medical Technology Co., Ltd., and ZOLL Medical Corporation.

Report Highlights:

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 the BRICS medical CVC kit market. Moreover, the study highlights current market trends and provides forecasts for 2022-2028. 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.