The global central venous catheter market is expected to display higher growth rate over the next seven years. The central venous catheter market is subject to witness a substantial growth due to the rising number of surgical procedures performed each years and the increasing demand for the minimally invasive surgeries across the globe. Growing prevalence of cardiovascular disorders like atherosclerosis, coronary artery disease, myocardial infraction, and cardiomyopathy and rising geriatric population are expected to fuel market growth in the upcoming years. In addition, increasing awareness about advanced technologies, and rise in geriatric population are expected to drive the market growth.
Growing demand for antimicrobial
catheters is expected to boost market growth in the upcoming years as well.
However, higher cost associated with central venous catheter and availability
of alternative are major restraining factor for industry progress in the past
few years. In addition, lack of availability of the product in emerging market
from Africa, Asia-Pacific, and the Middle East region is expected to limit
market growth to a certain extent. Yet, extensive research in the field of
surgical equipment, particularly in the North America and South America region
is estimated to positively affect market performance over the upcoming years.
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A central venous catheter (CVC) is also
identified as a central line, central venous line, or central venous access
catheter. These types of catheters are placed inside large vein. Additionally,
central venous catheter (CVC) are used to monitor veins in the neck such as
internal jugular vein and near chest area such as subclavian vein or axillary
vein. Increasing adoption of central venous catheter (CVC) to monitor
medication or fluids in groin (femoral vein) and a PICC line is predicted to
steer market demand in the near future.
The central venous catheter market is
broadly categorized into three major segments based on the end-user application
segment type such as ambulatory surgical centers (ASCs), hospitals and
specialty clinic. The ambulatory surgical centers (ASCs) is considered as one
of the fastest growing segment in the central venous catheter market with
substantial revenue generation in the last few years.
Growing popularity of central venous
catheter in the ambulatory surgical centers (ASCs) segment is attributed to the
increase in the number of minimally invasive surgeries performed each years.
The hospitals segment has also witnessed substantial growth owing to the
growing preference towards central venous catheter over conventional devices
from healthcare professionals across the globe.
The central venous catheter market is
divided by region as North America, Europe, Asia-Pacific, Latin America and
Africa. North America has shown major growth in recent years owing to the rise
in the implementation of latest technologies in medicine & pharmaceutical
sector, growing prevalence of cardiovascular diseases such as atherosclerosis,
coronary artery disease, myocardial infraction and cardiomyopathy, increase in
the number of research & development activities in the region and existence
of well-established healthcare infrastructure.
Asia-Pacific region is predicted to hold
major market share in the central venous catheter market with massive growth in
forecast period. Countries such as India, China, Japan, South Korea and
Singapore are leading the Asia-Pacific market with ever-growing geriatric
population, and significant investment by leading industry players considering
potential growth opportunities in the region. The key players in the central
venous catheter market are Angio Dynamics Co., C.R. Bard, Inc., Teleflex Inc.,
Kimal plc, B. Braun Melsungen AG and Vygon Ltd.
Global central venous catheter market is
anticipated to grow at a CAGR of 5.2% by 2023, according to a new report
published by Gen Consulting Company. The report segments the market and
forecasts its size, by volume and value, on the basis of application (ambulatory
surgical center, hospital, etc.), by products (single lumen, double lumen,
multi-lumen, etc.), and by geography (North America, Europe, Asia-Pacific, MEA
and South America).
The report covers forecast and analysis
for the Central Venous Catheter market on a global and regional level. The
study provides historic data of 2013-2017 along with a forecast from 2018 to
2023 based on both output/volume and revenue. The study then describes the
drivers and restraints for the Central Venous Catheter market along with the
impact they have on the demand over the forecast period. Additionally, the
report includes the study of opportunities available in the Central Venous
Catheter market on a global level.
The report has been prepared based on
the synthesis, analysis, and interpretation of information about the global
Central Venous Catheter market collected from specialized sources. The
competitive landscape section of the report provides a clear insight into the
market share analysis of key industry players. Company overview, financial
overview, product portfolio, new project launched, recent development analysis
are the parameters included in the profile.
The research report provides analysis
and information according to market segments such as geographies, types and
applications. All the segments have been analyzed based on present and future
trends and the market is estimated from 2018 to 2023. Relevantly, the report
and company profiles specify the key drivers that are impacting the demand in
global Central Venous Catheter market.
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Full Report with TOC @ https://www.radiantinsights.com/research/global-central-venous-catheter-market-outlook-2018-2023
Key
Applications
·
Ambulatory Surgical
Center
·
Hospital
Key
Types
·
Single Lumen
·
Double Lumen
·
Multi-Lumen
Key
Regions
·
North America
·
Europe
·
Asia Pacific
·
Middle East and Africa
·
South America
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