Central Venous Catheter Market worth US$ 1,108.4 Mn by 2026
Posted by Monica Nerkar on May 4th, 2017
Future Market Insights (FMI) delivers key insights on the global central venous catheter market in its latest report titled, “Global Central Venous Catheter Market: Industry Analysis and Opportunity Assessment, 2016–2026”. In terms of revenue, the global central venous catheter market is projected to register a CAGR of 5.1% over the forecast period owing to various factors, on which FMI offers detailed insights and forecasts.
Growth of the global central venous catheter market is mainly driven by rising adoption and growing demand for antimicrobial coated catheters, coupled with socio-economic factors such as increasing disease incidences due to a growing geriatric population. Other prominent growth drivers are product innovations and increasing rates of hospitalisations. A key trend in the global central venous catheter market is the increasing usage of tip location devices for locating the tip of the catheter during central access procedure. Increasing number of oncologists are prescribing antimicrobial coated tunnelled catheters for chemotherapy regimens, which is another prominent trend in the global central venous catheter market.
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The market is segmented based on product type, design of the catheters, composition of the catheters, properties, end user and regions. Based on product type, the market has been segmented into tunnelled and non-tunnelled catheters.
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This report assesses trends driving growth of each segment on the global as well as regional levels, and offers potential takeaways that could prove substantially useful to central venous catheters manufacturers looking to enter the market. North America has been estimated to dominate the global central venous catheter market with a maximum market share in 2015. North America and Western Europe have been collectively expected to account for around 50% of the total global central venous catheter market share in terms of value in 2015. Amongst the emerging markets, APEJ region is estimated to exhibit the highest CAGR of 6.2% over the forecast period, due to an increase in the number of patients admitted to hospitals.
Some key players in the global central venous catheter market identified in the report include AngioDynamics, C.R. Bard, Teleflex Incorporated, Kimal, B. Braun Melsungen AG, Vygon (UK) Ltd., Smiths Medical and Comed B.V. FMI has discussed individual strategies of these companies in terms of enhancing product portfolio, distribution partnerships, market consolidation and advanced R&D initiatives. In addition, the report also provides company share and competitive dashboard for players already present in the market.
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About the AuthorMonica Nerkar
Joined: December 22nd, 2016
Articles Posted: 370
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