Central Venous Catheter Market 2022-28: Growth, Trends, Global Share Analysis
The global central venous catheter market size was valued at USD 1.19 billion in 2021 and is poised to grow at a significant CAGR of 5.5% during the forecast period 2022-28. It also includes market size and projection estimations for each of the five major regions from 2022 to 2028. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the central venous catheter market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global central venous catheter market is expected to be driven by expanding acceptance and requirement for antimicrobial-coated catheters, rising number of diseases including cancer, end-stage renal disease, and others, aging population, and rising usage of tip location devices. Other drivers that are likely to propel the global central venous catheter market include advantageous insurance and reimbursement regulations, technical innovation, and early acceptance of diagnostic methods. Furthermore, the hazards connected with catheters and pricing pressure are expected to stymie the worldwide central venous catheter market's growth. However, dangers associated with catheters, such as central vein injury, pulmonary problems, cardiac complications, device malfunction, and catheter-related bloodstream infection, are projected to limit worldwide market growth throughout the forecast period.
The global central venous catheter market segmentation:
1) By Product: Tunneled Catheters and Non-Tunneled Catheters.
2) By Property: Antimicrobial Catheters and Non-Antimicrobial Catheters
3) By Design by: Single Lumen, Double Lumen, and Multiple Lumen
4) By Composition: Polyurethane, and Polycarbonate and Silicon
5) By End-Users: Hospitals, Ambulatory Surgical Centers, Clinics and Others
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Owing to the increased healthcare infrastructure and simple availability of catheters in healthcare facilities, North America is likely to lead the global market. Furthermore, cancer is becoming more prevalent in numerous countries throughout the region. Due to an increase in the number of patients having dialysis and blood transfusions across the area, Europe is predicted to be the second largest producer for central venous catheters. Over the projection period, the market in Asia Pacific is predicted to develop at a faster rate due to an expanding patient pool, rising government initiatives to improve healthcare facilities, and increasing disposable income in various countries in the area.
The global Central Venous Catheter Market key players are Abbott Laboratories (U.S.) Hoffmann-La Roche Ltd. (Switzerland), AbbVie Inc. (U.S.) Arquer Diagnostics Ltd. (U.K.) Illumina, Inc. (U.S.) Qiagen (Germany)
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