Request Discount

Central Venous Catheter Market (Product - Peripherally Inserted Central Catheters (PICC), Tunneled Central Venous Catheter, Non-tunneled Central Venous Catheter, and Implantable Ports; Design - Single Lumen, Double Lumen, and Multiple Lumen; Application - Cardiovascular Procedure, Chemotherapy, Dialysis, Blood Transfusion, and Others; End-user - Hospitals, Ambulatory Surgical Centers, Clinics, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : June, 2021

  • Rep Id : HC08674

  • Category : Healthcare & Medical Devices

  • Status : Published

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.

 

Market Insight

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.

 

Segment Covered

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.

 

Companies Profiled:

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.

 

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 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.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount