Global Central Venous Catheters (CVCs) Market to Expand Due to Rising Prevalence of Chronic Diseases
Expanding at a CAGR of 5.3%, the global central venous catheters (CVCs) market is projected to increase from a valuation of US$ 1.3 billion in 2022 to US$ 1.6 billion by 2026. The Central Venous Catheters (CVCs) Market refers to the global market for medical devices that are used to insert catheters into large veins for various medical purposes. These catheters are typically made of silicone or polyurethane and can be inserted into the internal jugular, subclavian, or femoral veins CVCs are commonly used in critical care settings for patients who require intravenous medications, nutrition, or blood products over an extended period. They may also be used for patients who require hemodialysis, apheresis, or plasmapheresis. Additionally, CVCs are utilized for central venous pressure (CVP) monitoring and in some cases, for administering chemotherapy or other medications.
The global CVCs market is expected to grow significantly over the next few years, driven by the increasing prevalence of chronic diseases, rising demand for advanced medical devices, and growing healthcare expenditure.
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Key Takeaways from Central Venous Catheters Market Study
- The global CVCs market is currently valued at US$ 1.3 billion.
- Market in Germany projected to increase at CAGR of 5% through 2026.
- Market in Japan anticipated to rise at 4.5% CAGR over forecast period.
- Sales of triple-lumen central venous catheters expected to increase at CAGR of 5.5% from 2022 to 2026.
Key Segments in Central Venous Catheters Industry Research
- By Design :
- Multi-Lumen
- Triple-Lumen
- Double-Lumen
- Single-Lumen
- By Property :
- Non-antimicrobial Coated
- Antimicrobial Coated
- By Application :
- Jugular Vein
- Femoral Vein
- Subclavian Vein
- By End User :
- Hospitals
- Ambulatory Surgical Centers
- Others
Region-Wise Analysis
The central venous catheters (CVCs) market is a global market that can be segmented into various regions including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America holds the largest share of the market due to the high adoption of advanced technologies, increasing prevalence of chronic diseases, and rising geriatric population. Europe is also a significant market due to the presence of established healthcare infrastructure and high healthcare expenditure. The Asia-Pacific region is expected to grow rapidly due to increasing healthcare expenditure, rising awareness about healthcare, and growing geriatric population. The market in Latin America and Middle East & Africa is expected to grow moderately due to improving healthcare infrastructure and rising investments in the healthcare sector
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Winning Strategy
To lower bloodstream infections, market companies are focusing on launching antimicrobial-coated catheters and stepping up their R&D efforts. To minimise risks and ensure patient safety, central venous catheter manufacturers are putting more focus on investments in product quality and design.
In the upcoming years, industry players believe that regulatory authority suggestions regarding the categorization of central venous catheters, which are now being sought for, will significantly fuel market expansion.
For instance,
- In 2020, for detection, monitoring, and analysis of the radiofrequency and energy delivery during cardiac ablation treatments, Boston Scientific Corporation introduced the DIRECTSENSE technology tool, which is implanted at the tip of a catheter.
Key players in the Central Venous Catheters Market
- Amecath
- Medtronic Plc
- Smiths Medical, Inc.
- Teleflex Incorporated
- Vygon Ltd.
- ZOLL Medical Corporation
- AngioDynamics Inc.
- B. Braun Melsungen AG
- Bactiguard AB
- Becton, Dickinson and Company
Future Scope of Central Venous Catheters (CVCs) Market
However, the central venous catheters (CVCs) market is expected to grow in the coming years due to the increasing prevalence of chronic diseases such as cancer and kidney failure, which require the use of CVCs for treatment. Additionally, the growing geriatric population and increasing healthcare expenditure in many regions are expected to drive the demand for CVCs. However, market demand can be influenced by a variety of factors such as changes in healthcare policies, advancements in alternative therapies, and economic conditions, among others.
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