Central Venous Catheters: Comprehensive Global Market Report 2024

"The Business Research Company recently released a comprehensive report on the Global Central Venous Catheters Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The central venous catheters market size has grown strongly in recent years. It will grow from $3.61 billion in 2023 to $3.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to rise in chronic diseases, rise in enhanced infection control, rise in demand for intravenous therapy, increase in use in medical emergencies, and rise in use in trauma care .

The central venous catheters market size is expected to see strong growth in the next few years. It will grow to $5.62 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to rising incidence of chronic diseases, increasing demand for minimally invasive procedures, increasing focus on infection prevention, expanding healthcare infrastructure, and increasing number of cardiovascular patients. Major trends in the forecast period include adoption of antimicrobial-coated catheters, technological advancements, advancements in bioresorbable materials, adoption of power-injectable CVCs, and enhanced catheter tip designs.

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Market Drivers and Trends:

The rising cases of kidney diseases is expected to propel the growth of the central venous catheter market going forward. The increasing incidence of kidney diseases is driven by factors such as rising rates of chronic conditions such as diabetes and hypertension, which require interventions such as central venous catheters for essential treatments such as dialysis. Central venous catheters assist in managing kidney diseases by providing essential access to hemodialysis, medication administration, nutritional support, and frequent blood draws. For instance, in June 2023, according to Kidney Research UK, a UK-based charity, the prevalence of kidney disease in the UK is estimated to affect 7.19 million people in 2023, more than 10% of the population. It is expected to reach 7.61 million by 2033, with the proportion of patients in later stages of the disease increasing from 45% to 51%. Therefore, rising cases of kidney diseases will drive the central venous catheter market.

Major companies operating in the central venous catheter market are developing advanced ultrasound systems to enhance precision and safety during catheter insertion procedures. Advanced ultrasound systems improve central venous catheter placement by providing real-time visualization, increasing accuracy, reducing complications, and improving patient comfort and procedural efficiency. For instance, in November 2023, Becton, Dickinson, and Company (BD), a US-based medical technology company, launched SiteRite 9, an advanced vascular access ultrasound system to improve clinician efficiency when placing peripherally inserted central catheters (PICCs), central venous catheters, IV lines, and other vascular access devices. The SiteRite 9 ultrasound system features a user-friendly 15.6-inch touchscreen with enhanced image quality. It includes the Cue needle tracking system for real-time needle tracking and the Sherlock 3CG+ tip confirmation system for precise catheter navigation. BD's advanced ultrasound technology aims to simplify vascular access procedures, supporting clinician efficiency with intelligent, connected features such as vessel assessment and automated data capture.

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Major Key Players of the Market:

Medtronic plc, Becton, Dickinson and Company (BD), Boston Scientific Corporation, B. Braun Holding GmbH & Co. KG, Terumo Corporation, Edwards Lifesciences Corporation, Teleflex Incorporated, Cook Group Incorporated, ICU Medical Inc., Lepu Medical Technology (Beijing) Co. Ltd, Merit Medical Systems Inc, Vygon SAS, AngioDynamics Inc., Argon Medical Devices Inc., Poly Medicure Limited, Vogt Medical Vertrieb GmbH, MedCath Corporation, GaltNeedleTech Inc., Romsons International, Newtech Medical Devices Private Limited, NIPRO Medical Corporation, DemeTECH Corporation, Scitech Medical Products SA, Prodimed, P. K. Scientific & Chemicals

Central Venous Catheters Market 2024 Key Insights:

• The central venous catheters market size is expected to see strong growth in the next few years. It will grow to $5.62 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.
• Impact of Increasing Kidney Disease Cases on the Central Venous Catheter Market
• Technological Advancements in the Central Venous Catheter Market: Focus on Advanced Ultrasound Systems
• North America was the largest region in the central venous catheters market in 2023

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