Continuous Peripheral Nerve Block Catheter Market

Continuous Peripheral Nerve Block Catheter (CPNBC) Market : Growing adoption of ultrasound guided CPNB catheters owing to ease of navigation and precise placement to boost the demand: Global Industry Analysis and Opportunity Assessment, 2016 - 2026

Continuous peripheral nerve block catheter are used to perform a nerve block procedure for pain management. A continuous peripheral nerve block (CPNB) also known as perineural local anaesthetic infusion is a procedure majorly performed in hospitals and ambulatory surgical centres where percutaneous insertion of catheter, adjacent to a peripheral nerve is performed for administration of anaesthesia via the catheter. CPNB analgesia can be continued outside the hospital setting.

The global continuous peripheral nerve block catheter market is estimated to be valued at US$ 698.9 Mn by 2026 end, due to increasing adoption of continuous peripheral nerve block catheter especially in hospitals; as a result of increased precision of catheter placement and lower cost as compared to alternative methods used for administration of analgesia. 

Drivers and Trends

Increasing prevalence of chronic diseases, such as osteoarthritis, is leading to the rise in upper/lower extremity joint replacement procedures. CPNB is used for administration of analgesia and post joint replacement procedures for pain management. These factors are expected to fuel revenue growth of the continuous peripheral nerve block catheter market globally over the forecast period. Cost effectiveness offered by continuous peripheral nerve block catheter and reduced hospital stay is further fueling revenue growth of the continuous peripheral nerve block catheter market. Factors such as lack of standard usage guidelines and trained professionals for placement of continuous peripheral nerve block catheter and complications associated with the device are expected to hamper growth of the global continuous peripheral nerve block catheter market. Major trends in the continuous peripheral nerve block catheter market include product modifications and innovations, strategic marketing campaigns and partnerships and acquisitions to increase consumer base.     

Analysis, by Region

North America is expected to dominate the global continuous peripheral nerve block catheter market and is projected to register a CAGR of 6.4% in terms of value over the forecast period, with the U.S expected to dominate the North America Continuous Peripheral Nerve Block Catheter market over the forecast period. The North America continuous peripheral nerve block catheter market accounted for 42.3% revenue share of the overall market in 2015. The Japan market is projected to expand at a healthy CAGR of 5.7% during the forecast period. The APEJ market is estimated to account for 10.2% revenue share of the global continuous peripheral nerve block catheter market by the end of 2016.

Analysis, by Product

On the basis of product type, the continuous peripheral nerve block catheter market is segmented into stimulating catheter system, non-stimulating catheter system and over the needle catheter system. In terms of value, the non-stimulating catheter system segment is expected to account for the maximum share of the global continuous peripheral nerve block catheter market over the forecast period. The over the needle catheter system segment is expected to register lower CAGR as compared to other segments over the forecast period, in terms of value. In terms of volume, the non-stimulating catheter system segment is expected to dominate the global continuous peripheral nerve block catheter market throughout the forecast period. The stimulating catheter system product segment accounted for 31.4% revenue share of the overall market in 2015.

Analysis, by Insertion Technique

On the basis of insertion technique, the continuous peripheral nerve block catheter market is segmented into nerve stimulation and ultrasound insertion technique segments. In terms of value, ultrasound segment is expected to register a higher CAGR as compared to nerve stimulation segment by the end of forecast period. Increasing adoption of ultrasound guided catheter systems in the developed regions is expected to further fuel revenue growth of the overall continuous peripheral nerve block catheter market over the forecast period. The revenue share of nerve stimulation segment is expected to decline over the forecast period as nerve stimulation technique offers less precision. Ultrasound segment accounted for 36.8% revenue share of the overall market in 2015.

Analysis, by Indication

On the basis of indication, the continuous peripheral nerve block catheter market is segmented into trauma cases, upper extremity surgeries, lower extremity surgeries, pain management and other indications segments. In terms of value, the lower extremity surgeries segment is expected to register higher CAGR as compared to other segments by the end of forecast period. Upper and lower extremity surgeries segments collectively accounted for 57.3% revenue share of the overall market in 2015 and is expected to account for 59.5% revenue share by 2026.

Analysis, by End User

On the basis of end user, the continuous peripheral nerve block catheter market is segmented into hospitals and ambulatory surgical centres. In terms of value, the hospitals segment is expected to register higher CAGR as compared to ASCs segment by the end of forecast period. Revenue growth of the hospitals segment is majorly driven by increasing adoption of continuous peripheral nerve block catheter, considering the fact that joint replacement procedure is mainly performed in hospitals.  Hospitals segment accounted for 62.0% revenue share of the overall market in 2015 and is expected to account for 64.8% revenue share by 2026.

Competitive Landscape

Key market players covered in this report are B. Braun Melsungen AG, Teleflex Incorporated, Halyard Health, Inc., Ambu A/S, Epimed International Inc. and Pajunk GmbH. Major players in the continuous peripheral nerve block catheter market focus on enhancing their global and regional presence through introduction of novel products and strategic operational expansion. B. Braun Melsungen AG was the market leader in the global continuous peripheral nerve block catheter market in 2015, owing to its broad product portfolio.

This Future Market Insights report examines the ‘Continuous Peripheral Nerve Block Catheter Market’ for the period 2016–2026. The primary objective of the report is to offer updates and in-depth analysis of market opportunities in the global continuous peripheral nerve block catheter market.

Continuous peripheral nerve block is executed by percutaneous insertion of catheter, adjacent to peripheral nerve to administer target specific analgesia for various surgeries. Popularity of continuous peripheral nerve blockade has grown over recent years due to benefits on osffer such as reduced hospital stay and cost effectiveness. Continuous peripheral nerve block catheter provides prolonged nerve blockade by blocking nerve for over 24 hours. Catheter insertion can be accomplished using possible modalities including nerve stimulation and ultrasound guided technique. Equipment available in the market for this technique has improved considerable over the past year with increased safety and efficacy features.

Continuous peripheral nerve block catheter market is mainly driven by the increasing number of trauma cases, thereby leading to increase in adoption of continuous peripheral nerve block technique for pain management. Continuous peripheral nerve block catheter is increasingly used for administration of analgesia post upper/lower extremity surgeries which is a cost effective method for pain management as compared to opioids. The continuous peripheral nerve block catheter market is expected to grow significantly in terms of revenue over the forecast period owing to increasing availability of technologically advanced treatment options across the globe, especially in developed countries. In this report, the continuous peripheral nerve block catheter market is segmented on the basis of product type, insertion technique, indication, end user and region.

The report offers global market forecast in terms of value and volume for the following 10 years. Product types covered in the report include:

  • Stimulating Catheter Systems
  • Open Tip Catheter Stimulating Catheter Systems
  • Closed Tip Catheter Stimulating Catheter Systems
  • Non-Stimulating Catheter Systems
  • Open Tip Catheter Non-Stimulating Catheter Systems
  • Closed Tip Catheter Non-Stimulating Catheter Systems
  • Over-The-Needle Catheter System 

To understand and assess opportunities in this market, the report is categorically split under five sections: by product type, insertion technique, indication, end user and region. The report analyses the global continuous peripheral nerve block catheter market in terms of market value (US$ Mn).

On the basis of insertion technique, the global continuous peripheral nerve block catheter market is segmented into:

  • Nerve Stimulation Based Insertion
  • Ultrasound Based Insertion

On the basis of indication, the global continuous peripheral nerve block catheter market is segmented into:

  • Trauma Cases
  • Upper Extremity Surgeries
  • Lower extremity Surgeries
  • Pain Management
  • Other Indications

On the basis of end user, the global continuous peripheral nerve block catheter market is segmented into:

  • Hospitals
  • Ambulatory Surgical Centres

The report starts with an overview of continuous peripheral nerve block catheter. In the same section, FMI covers the continuous peripheral nerve block catheter market performance in terms of revenue. This section includes FMI’s analysis of key trends, drivers and restraints from the economic and supply & demand perspectives.

The following section analyses the market on the basis of region and presents the forecast in terms of value for the following 10 years. Regions covered in the report are as follows:

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • Middle East & Africa
  • Asia Pacific excluding Japan (APEJ)
  • Japan

To arrive at the market size, the report considers average price of continuous peripheral nerve block catheter (stimulating catheter systems, non-stimulating catheter systems and over-the needle catheter systems) across geographies. The forecast presented here assesses total revenue of the global continuous peripheral nerve block catheter market. When developing the forecast of the market, the starting point involves sizing the current market, which forms the basis for the forecast of how the market is anticipated to take shape in the near future. Given the characteristics, we triangulated the outcome on the basis of analysis based on supply and demand sides. However, quantifying the market across the aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

The report also takes into consideration Year-on-Year (Y-o-Y) growth rates, to understand the predictability of the market and identify the right opportunities in the continuous peripheral nerve block catheter market.

As previously highlighted, the market for continuous peripheral nerve block catheter is split into various categories on the basis of region, product type, insertion technique, indication and end user. All these segments have been analysed in terms of Basis Point Share (BPS) to understand individual segment’s relative contribution to the market growth. This detailed level of information is important for identification of various key trends in the continuous peripheral nerve block catheter market.

Another key feature of this report is the analysis of continuous peripheral nerve block catheter market, by region, product type, insertion technique, indication and end user, and its revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global continuous peripheral nerve block catheter market.

Furthermore, Future Market Insights developed the continuous peripheral nerve block catheter market’s ‘Attractiveness Index’, which has been represented by for all five categories: product type, insertion technique, indication, end user and regions. The resulting index is expected to help providers identify real market opportunities.

In the final section of the report, the continuous peripheral nerve block catheter market landscape is included to provide report audiences with a dashboard view on the basis of categories of providers across the market, their presence in continuous peripheral nerve block catheter market and key differentiators. Key market participants included in the report include B. Braun Melsungen AG, Teleflex Incorporated, Halyard Health, Inc., Ambu A/S, Epimed International Inc. and Pajunk GmbH.

These players have been profiled on the basis of various attributes such as company overview, recent developments, growth strategies, sustainability and financial overview.