An Incisive, In-depth Analysis on the Central Venous Catheter Market
This study offers a comprehensive, 360 degree analysis on the Central Venous Catheter market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Central Venous Catheter market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
A central venous catheter, also known as central line catheter, is a long, thin, flexible tube placed in a large vein near the heart. It reaches a large vein through the internal jugular vein, subclavian vein or femoral vein. Central venous catheters are used for administering medicines, fluids, nutrients, blood and blood products. Also, these catheters are used for measuring central venous pressure (CVP), haemodialysis and chemotherapy over a long period of time.
Central venous catheters considered in this report fall under tunnelled and non-tunnelled product category. Tunnelled catheters are inserted subcutaneously from the site of the insertion. The catheter and its attachments are underneath the skin. The risk of infection is lower due to subcutaneous tunnelling to distal exit site. Whereas Non-tunnelled catheters are mostly inserted through subclavian vein or internal jugular vein. The insertion method is percutaneous venipuncture. The surgeon or anaesthesiologist inserts the CVC at the patient’s bedside in the operation theatre. As non-tunnelled catheter protrudes externally and there is no subcutaneous tunnelling, the risk of infection is high.
The global central venous catheter market has been estimated to be valued at US$ 647.9 Mn in 2015 and is expected to register a 5.1% CAGR over the forecast period (2016–2026).
Increasing rates of hospitalisations coupled with a high adoption rate is boosting the global central venous catheter market
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.
Product category, insertion procedure, indication and the age of the patient is set to define the reimbursement landscape for central venous catheters. Catheter manufacturers are concentrating on investing more on product design and quality to minimize the impact on patient safety.
However, higher cost of antimicrobial coated catheters and complications associated with central venous catheterization procedures act as restraints in the global central venous catheter market.
By Product Type
By End Use
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Non-tunnelled catheters are expected to dominate the global central venous catheter market throughout the forecast period
Based on product type, the market is segmented into tunnelled and non-tunnelled central venous catheters. In terms of revenue share, non-tunnelled catheters dominated the global central venous catheter market in 2015 and is expected to do so throughout the forecast period.
Antimicrobial coated catheter product segment is expected to register the fastest CAGR over the forecast period
Based on property, the market has been segmented into antimicrobial coated and non-antimicrobial coated central venous catheters. In terms of revenue share, non-antimicrobial coated catheters dominated the global central venous catheter market in 2015 and is expected to do so throughout the forecast period. Whereas antimicrobial coated catheter product segment is anticipated to register the fastest CAGR over the forecast period.
Multi lumen catheters accounted for the highest revenue from the global central venous catheter market
Based on design, the market has been segmented into single lumen, double lumen, and multi lumen central venous catheters. Multi lumen catheters accounted for the highest revenue from the central venous catheter market.
Polyurethane central venous catheters are the most popular amongst the composition sub segment
Based on composition, the market has been segmented into polyurethane, silicone, and polyurethane/polycarbonate central venous catheters. Polyurethane central venous catheters accounts for the highest revenue from the central venous catheter market.
Hospitals segment currently accounts for the highest revenue from the central venous catheter market
Based on end users, the market has been segmented into hospitals, specialized clinics and ambulatory surgical centres. Hospitals segment currently accounts for the highest revenue from the central venous catheter market due to increasing usage of central venous catheters in ICU and CICU.
North America is a key market for central venous catheters and is expected to register a CAGR of 4.7% over the forecast period
In terms of value, North America has been estimated to dominate the global central venous catheter market in 2015 and is expected to register a CAGR of 4.7% over the forecast period. APEJ and Japan are estimated to be the fastest growing markets in terms of revenue, while Western Europe is expected to exhibit a healthy CAGR despite a decline in population. In terms of value, APEJ is expected to register a CAGR of 6.2% over the forecast period.
Central venous catheter market is largely consolidated with key players occupying a major market share
Some key players in the global central venous catheter market included in this report are AngioDynamics, C.R. Bard, Teleflex Incorporated, Kimal, B. Braun Melsungen AG, Vygon (UK) Ltd. and others.
The Central Venous Catheter market is largely consolidated, with top four players accounting for around 88% market share in 2015. Market players such as C.R. Bard, B. Braun Melsungen AG, Teleflex, Inc., and Vygon dominated the global central venous catheter market in 2015. These established players are focused on their strategic moves such as product launches, increasing their distribution channel for central venous catheters and getting into partnerships and agreements to increase the brand awareness of their products.
A recently published report by Future Market Insights provides extensive insights about the central venous catheter market. The report provides data pertaining to the various growth opportunities for a forecast period of 2016-2026. Backed by the strong market insights attained during a global market study conducted by experienced analysts at Future Market Insights, the report is a completely equipped research tool for understanding the scenario of the central venous market as well as the key parameters driving the growth of the central venous catheter market.
Based on the sophisticated evaluation of existing data and the current market scenario along with exclusive market trends, the research report provides the necessary guidance and outline regarding the central venous catheter market to the reader.
Overview of the Central Venous Catheter Market
The global scenario of the central venous catheter market is highlighted in the market report providing extensive information regarding the key aspects influencing the market. The global analysis of the market showcases various developments made by the key market players along the forecast period. The report begins with a brief introduction to the central venous market, further covering the various market dominators and key insights related to various factors impacting the market. The report features impact analysis and value chain analysis to further highlight the global market scenario in the current as well as forecasted period.
Holistic Market Analysis and Market Dynamics
The report seamlessly integrates all valuable information regarding the market dynamics contributing to the growth of the central venous catheter market. The report significantly showcases their analysis of the market landscape of the central venous catheter market and discusses the effectiveness of market dynamics. With macroeconomic drivers such as the increasing prevalence of chronic diseases and rapid progressions achieved by the healthcare industry and demand and supply drivers projected in the publication, the research report helps gain meaningful insights for profound and broader understanding of the central venous catheter market. The report further throws light on restraints, global market trends, and opportunities in future that are likely to act upon the market.
Market Segmentation Provides a Comprehensive outlook of the Central Venous Catheter Market
The research report further defines the central venous catheter market with detailed differentiation on the basis of product type, property and design, composition type, end-use, and lastly region. The report provides detailed insights for each segment in terms of market size, market share analysis, year-over-year (Y-o-Y) growth rate, absolute ($) opportunity and basis point share analysis for the respective forecast period. The figures and values stated in the report give a detailed and comprehensive understanding of the segments with key takeaways states precise insights for each segment individually. Insights consolidated in the report provide a holistic overview and forecast of risks and opportunities in the central venous catheter market that key players can utilize to understand the widespread application of central venous catheter across end use segments such as hospitals, ambulance surgical centers, specialty clinics, and others. Along with the application of central venous catheter, the report provides valuable information to understand the global assessment of regions and provides forecasted information such as the emerging growth opportunities in the markets of North America, Western Europe, and APEJ.
Detailed Analysis of Competitive Landscape
The report provides a section for understanding the competitive landscape of the central venous catheter market with detailed analysis of key market players. The unique competitive blueprint and internal differentiation of manufacturing companies on the basis of emergence provided in the report highlight the global market scenario of the central venous catheter market. The report provides SWOT analysis, key product offerings, product innovations, and strategic overview of each market player which could help the reader in evaluating the capabilities of players and further calibrate the competitive scenario of the central venous catheter market in the forecasted period.
The distinctive data given in the report serves as an effective guiding tool for the market players to gain competitive advantage in the central venous catheter market. The systematic approach implemented in conducting the research and the integrated overview of observations and market reflections provided report reflects their expertise in market research, which helps the reader get an overall glimpse of the central venous catheter market effectively.