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Central Venous Catheter Market Analysis | Coherent Market Insights

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Central Venous Catheter Market Analysis | Coherent Market Insights

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  1. Coherent Market InsightS Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. Central Venous Catheter Market Analysis (2020-2027) • Central venous catheter is also known as central line or central venous line. It is a flexible tube inserted into the vein below the right side of the collarbone and guided towards the large vein towards the heart known as superior vena cava. A central venous catheter is used for administration of intravenous fluid, blood transfusions and chemotherapy drugs. • The Centers for Disease Control and Prevention (CDC) provided guidelines to prevent intravascular catheter-related infections in 2011, which were further edited in 2017. • The guideline covers various important aspects associated with central venous catheters such as appropriate training of the healthcare personnel who insert intravascular catheters and of the staff who is responsible for surveillance, and selection of catheter and catheter application sites. • The global central venous catheter market value is estimated to be valued at US$ 2,002.2Mn in 2020 and is expected to exhibit a CAGR of 6.2% during the forecast period (2020-2027).

  3. Figure 1: Global Central Venous Catheter Share (%) Value, By Region, 2019

  4. Central venous catheterization is one of the most reliable options for therapy administration. Technological advancements are also facilitating adoption of central venous catheterization in medical care. Moreover, Global Central Venous Catheter Market Drivers include high prevalence of chronic diseases such as cancer, cardiovascular diseases, and chronic kidney disease (CKD) is propelling the need for treatment and care using central venous catheterization, which is expected to drive the market growth. According to data findings by the World Health Organization (WHO), in February 2018, cancer was the second-leading cause of death globally, and around 18.1 million new cases and 9.6 million deaths were registered due to cancer. According to the same source, around 70% deaths from cancer occur in low- and middle-income countries and around 1 in 6 deaths across the globe are caused by cancer. Furthermore, according to the annual report of the U.S Renal Data System (USRDS), in 2018, kidney failure, also called end stage renal disease (ESRD), affected around 750,000 patients per year in the U.S. According to the same source, end stage renal disease (ESRD) affects around 2 million people worldwide.

  5. Global Central Venous Catheter Market – Impact of Coronavirus (COVID-19) Pandemic • The coronavirus disease (COVID-19) pandemic is the most recent disease outbreak which was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19 as a pandemic on March 11, 2020. • On May 28, 2020, research scientists of Italian association GAVeCeLT (GruppoAccessiVenosiCentrali a LungoTermine) provided recommendations for proper use of vascular access in COVID-19 patients. The recommendations included maintenance of central venous devices, insertion, selection, and developed for protection of operator while treating patients. • In North America central venous catheter market, companies are focusing on strategic mergers and acquisitions to strengthen their share in the global central venous catheter market. For instance, in 2017, Bluegrass Vascular Technologies entered a strategic partnership with Merit Medical Systems, a manufacturer and marketer of proprietary disposable devices, for distribution of Surfacer Inside-Out Access Catheter System in Europe.

  6. Figure 2: Global Central Venous Catheter Market Value (US$ Mn), By Region 2016 – 2027

  7. In Europe central venous catheter market, market players are focusing on various inorganic growth strategies such as partnerships and agreements which is expected to boost the market growth during the forecast period. For instance, in March 2018, Bactiguard announced a distribution agreement with Ecomed Services NV, a distributor of medical devices in Belgium and the Netherlands, for the commercialization and distribution of Bactiguard products in the Netherlands and expand its European coverage.

  8. Request sample copy here • Request PDF brochure here • Request Customization here • Talk to Analyst • Buy Now • Reference: • https://www.coherentmarketinsights.com/market-insight/central-venous-catheter-market-2400

  9. About Us: • Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. • What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  10. Contact Us: • Mr. Shah • Coherent Market Insights Pvt. Ltd. • Address: 1001 4th ave, #3200 Seattle, WA 98154, U.S. • Phone: +1-206-701-6702 • Email :sales@coherentmarketinsights.com

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