Press release
Central Venous Catheters Market is Expected to Reach $3,760.83 Billion by 2031 - AngioDynamics, B.Braun, Becton Dickinson Company, CR Bard, Edwards Lifesciences
The Central Venous Catheters Market was valued at USD 1,994.72 million in 2021 and is projected to reach USD 3,760.83 million by 2031, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2024 to 2031.Central venous catheters, commonly referred to as central lines, are primarily used for accessing the venous system. These thin, flexible tubes are inserted into a large vein near the heart to allow for the administration of medications, fluids, or for blood sampling.
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Key Developments:
• In August 2022, AngioDynamics, a leading medical technology company, announced that its Auryon Atherectomy System received clearance from the U.S. FDA for an expanded indication to include arterial thrombectomy.
• This clearance enables the Auryon system to treat both arterial thrombosis and plaque removal.
• The expanded indication is expected to strengthen the system's clinical utility and market reach.
• AngioDynamics continues to enhance its product portfolio with cutting-edge innovations to address critical cardiovascular conditions.
Market Dynamics:
The central venous catheters market is experiencing significant growth due to several key factors, including the increasing prevalence of chronic diseases and cancer, especially among the elderly population. The market is also being driven by rapid technological advancements and the widespread adoption of antimicrobial catheters. Notably, in 2022, cancer was the second leading cause of mortality worldwide, according to the National Center for Health, further emphasizing the need for innovative healthcare solutions.
Market Segment Analysis
By Property Type: Antimicrobial Coated, Non-antimicrobial coated
By Product Type: Tunneled, Non-tunneled
By Design Type: Single-Lumen, Double-Lumen, Triple-Lumen, Multi-Lumen
By Material Composition Type: Soft, Rigid
By Application: Jugular Vein Cannulation, Subclavian Vein Cannulation, Femoral Vein Cannulation
By End User: Hospitals, Ambulatory Surgical Centers, Specialty clinics
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Major Key players
• AngioDynamics
• B.Braun
• Becton Dickinson Company
• CR Bard
• Edwards Lifesciences
• Medtronic Plc
• Teleflex
• Terumo Corporation
• Smith's Medical
*Note:
Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.
Related Reports:
Centesis Catheters Market: https://datamintelligence.com/research-report/centesis-catheters-market
Intravascular Catheters Market: https://datamintelligence.com/research-report/intravascular-catheters-market
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