Global central venous catheter market is estimated to grow considerably in the forecast period owing to the increasing number of chronic disorders and growing geriatric population. Central venous catheter is a hollow tube placed in large blood vessel to deliver fluids, blood products, medicines, and nutrients. These catheters are also used for withdrawing the blood for test. In comparison to different kinds of medication route, CVCs reduce the risk of leakage and tissue damage. Catheters are inserted with the help of a proximal central vein or peripheral vein; commonly used are the internal jugular, femoral vein or subclavian.
The growth of this market is influenced by rise in demand for antimicrobial-coated catheters, increasing use of tip location devices by physicians, reimbursements regulations and favorable insurance. Moreover, early adoption of diagnostic medical procedure moreover, technological innovations are also fueling the growth of central venous catheter market.
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However, significant cost of the device is expected to hamper the growth of the market in the years to come. The advent of sterile and disposable catheters has offered wide opportunities for the market growth. Manufacturers are focusing on investing more on quality and product design to increase patient’s safety.
The market is categorized on the basis of product type, administration, property, end user, and geography. On the basis of product type, market is divided into tunneled catheter, non-tunneled catheters, implanted port, and peripherally-inserted central catheter (PICC). Non-tunneled catheters segment is expected to hold larger share of the market due to its use in emergency cases for withdrawing blood.
Based on administration, market is bifurcated into subcutaneous and intravenous. Subcutaneous segment is expected to lead the market owing to increasing preference by physicians. The complications reported by this method are very less in comparison to others, small-gauge needle is required at a time, easy management (especially for home treatment) and infusions can be stopped anytime.
In terms of property, market is split into antimicrobial and non-antimicrobial catheter. Antimicrobial segment is anticipated to register significant growth owing to their increased use since they reduce the risk of microbial infection. On the basis of end user, market is divided into clinics, hospitals, diagnostic centers, and ambulatory surgery centers. Hospital segment leads the market growth owing to quality healthcare services offered by hospitals.
Geographically, market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate the market owing to increasing healthcare facilities and increasing rate of medical development. Other factors for dominance are increasing investment and large number of manufacturers in the region.
The key market players in central venous catheter market comprise Dickinson and Company, Citius Pharmaceuticals, Edwards Lifesciences Corporation, B. Braun Melsungen AG, Cook Medical, AngioDynamics, Vogt Medical, Becton, Guangdong Baihe Medical Technology Co. Ltd., TuoRen Medical, SCW Medicath Ltd., Intra Special Catheters GmbH, Kimal, ZOLL Medical Corporation, Vygon Ltd., Lepu Medical Technology Co., Ltd., Smiths Medical, and Teleflex Incorporated.
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• Ambulatory Surgical Center
• Single Lumen
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• North America
• Asia Pacific
• Middle East and Africa
• South America
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Key Questions Answered in this Report
• What will the market size be in 2023?
• What are the key factors driving the global Central Venous Catheter market?
• What are the challenges to market growth?
• Who are the key players in the Central Venous Catheter market?
• What are the market opportunities and threats faced by the key players?
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/medical-devices
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