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.
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.
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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 the 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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