The global Central Venous Catheter Market Growth Accelerated by Rising Demand for Minimally Invasive Surgeries

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Central venous catheters are medical devices that are inserted into a large vein in the neck, chest, or groin to administer medications or fluids, withdraw blood samples, and monitor central venous pressure. These lightweight yet durable catheters significantly reduce recovery time and risks associated with repeated punctures compared to traditional methods.

The global Central Venous Catheter Market is estimated to be valued at US$ 2388.55 Mn in 2023 and is expected to exhibit a CAGR of 3.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The rising preference for minimally invasive procedures among patients and physicians is one of the key factors driving the growth of the central venous catheter market. Minimally invasive surgeries are associated with lesser trauma, scarring, and pain in comparison to traditional open surgeries. They also allow for shorter hospital stays and quicker recovery times. As central venous catheters play a critical role in facilitating accurate drug delivery and fluid administration during minimally invasive surgeries, their growing adoption is positively impacting the demand for these catheters. Furthermore, technological advances leading to the development of advanced catheter designs with enhanced safety and efficacy are also creating growth opportunities for players in this market.

Segment Analysis

The global central venous catheter market size is segmented based on product type, design, end user and region. The product type segments include peripheral catheters, PICC catheters, and central venous catheters. Among these, the PICC catheters segment dominates the market due to increasing use of PICC catheters in Homecare settings for long term intravenous therapy. The PICC catheters offer advantages like flexibility, extendability, durability and higher patient comfort compared to other types.

Key Takeaways

The global Central Venous Catheter Market is estimated to be valued at US$ 2388.55 Mn in 2023 and is expected to exhibit a CAGR of 3.6% over the forecast period 2023 to 2030.

Regional analysis

The central venous catheter market in North America region is expected to witness fastest growth during the forecast period due to growing geriatric population, rising prevalence of chronic diseases like cancer and increasing number of Surgical procedures in the region. The United States dominates the North America central venous catheter market due to supportive reimbursement policies and advanced healthcare infrastructure.

Key players

Key players operating in the central venous catheter market are Albemarle Corporation (US), W R Grace (US), BASF (Germany), Haldor Topsoe (Denmark), Honeywell UOP (US), Clariant (Switzerland), Axens (France), Johnson Matthey (UK), China Petroleum and Chemical Corporation (Sinopec) (China), and Shell Catalyst & Technologies (Netherlands), Arkema (France).

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