The rise in prevalence of cardiovascular diseases such as atherosclerosis, arrhythmias, coronary artery disease, Myocarditis, pericarditis, myocardial infarction, aortic dissection, aneurysm, and cardiomyopathy among adults are expected to propel demand of the central venous catheters market.
According to the current analysis of Reports and Data, the global central venous catheters market size is expected to be around USD 2.38 billion by the year 2027 in terms of value, growing from USD 1.33 billion in 2019 at a CAGR of 7.1% through the forecast period. Catheters emerged as an efficient delivery mechanism for surgical procedures and to treat other diseases. Central venous catheters are medical devices, which are used for the treatment of a large number of cardiovascular diseases and other chronic disorders. A catheter is often inserted in the arm or chest through the skin into a large vein. The catheter reaches the large vein through the internal jugular vein, subclavian vein, or femoral vein to administer medicines, fluids, nutrients, blood, and blood products. Also, these catheters are used to measure Central Venous Pressure (CVP), hemodialysis, and chemotherapy over a long period of time. The major driving factors that are propelling the growth of Central venous catheters market are the global rise in geriatric population susceptible to different cardiovascular diseases, government initiatives & grants and the increase in investment by private companies on R&D activities of central venous catheters. Also, Central venous catheters benefit in the administration of medication. Manufacturers in the Central venous catheters market are increasing the strategic business expansion activities through merger and acquisitions to expand their customer base and enhance the product portfolio, which supports the growth of the target market. For instance, In November 2018, CVS Health and Aetna merged to create innovative health and activity solutions, the company focused on strengthening its demand in the near future. The primary indications of Central venous catheters market are Cardiomyopathy and myocardial infarction, With respect to the region, the Asia Pacific region is projected to be the highest growing market in Central venous catheters market during the analysis period, followed by Europe. This market is anticipated to grow at the highest CAGR during the study period. North America is found to be the largest revenue-generating segment due to the high burden lifestyle disorders and the technological advancements in the region, which are also the key factors influencing the Central venous catheters market growth. According to the World Health Organization, Singapore ranks sixth, globally, for its advanced healthcare system and offers the fourth best healthcare infrastructure in the world. Demand for advanced medical technologies is anticipated to strengthen its reputation as a healthcare hub in the region.
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Increasing development of on-demand, digitally enabled, and seamlessly connected clinician-patient interactions to manage patient base is expected to drive pharma and healthcare market in the coming years. After the COVID-19 outbreak there has been a number of foundational shifts in the healthcare system. Some of the examples include increasing consumer involvement in health care decision-making, the rapid adoption of virtual health & other digital innovations, increasing focus on utilization of interoperable data & data analytics, and increased public-private collaborations in therapeutics and vaccine development. The increased public-private collaborations for vaccine development has arisen due to high pressure of regional governments. Health care providers, and other stakeholders have invested heavily to quickly pivot, adapt, and innovate therapeutics.
Top Players in the Global Central Venous Catheters Market:
Edwards Life sciences, Angio Dynamics, C.R.Bard, Lepu Medical Technology, Kimal, Terumo Corporation, Vygon (U.K.) Ltd, Becton Dickinson Company, Medrad (Bayer AG), Johnson and Johnson, Rochester Medical Co and many more are the major players in the Central venous catheter market.
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Central Venous Catheters Market Segmentation:
By Product (Revenue, USD Million; 2017-2027)
By Property (Revenue, USD Million; 2017-2027)
By Design (Revenue, USD Million; 2017-2027)
By Composition (Revenue, USD Million; 2017-2027)
By Sales Channel (Revenue, USD Million; 2017-2027)
By End-user (Revenue, USD Million; 2017-2027)
Ambulatory Surgical Centers
Key Regional Markets Studied in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Major Highlights of the Central Venous Catheters Market Report:
The Central Venous Catheters market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Central Venous Catheters market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
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