Vascular Access Catheters Market

Vascular Access Catheters Market: PICC Most Preferred Product Type During the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)

  • 2017-10-24
  • REP-GB-5327
  • 235 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Vascular Access Catheters Market

This study offers a comprehensive, 360 degree analysis on the Vascular Access Catheters market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Vascular Access Catheters 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.

Complications associated with central venous catheterisation procedures and higher cost of antimicrobial coated catheters hamper the growth of the global vascular access catheters market

Significant risks and complications are associated with central venous catheterization procedures which can lead to mechanical complications such as bleeding, damage to blood vessel, arterial puncture, hematoma, and pneumothorax. Other infectious complications include infection at the insertion site of the catheter, contamination of the catheter, and haematogenous seeding of the catheter. Increasing awareness regarding complications associated with catheterization procedures and increasing apprehension regarding the risk of infection results in low preference and reluctance for catheterization procedures for chemotherapy by patients which in turn restrains revenue growth of the vascular access catheters market to a certain extent.

High costs of femtosecond laser systems adversely affects its adoption in emerging economies. The average cost of an antimicrobial coated catheter is four times more than the cost of normal catheters without coating. This exorbitant pricing ultimately reflects in the overall surgical procedure in CCU and ICU. Thus, majority of the surgeons, anaesthesiologists, and radiologists prefer non antimicrobial coated catheters to minimize the cost of surgery, depending on the patient’s socioeconomic status in the emerging economies. Therefore, high cost of antimicrobial catheters is expected to hamper growth of the global vascular access catheters market over the forecast period.

The use of conventional PICCs involves high risk of blood stream infection due to lack of extreme hygiene condition required at the PICC insertion point, which reduces its feasibility over a longer period of time. This infection further extends from the point of PICC insertion into the blood stream. Moreover, PICC insertion is an extremely skilled task, as the tip of the PICC needs to reach the brachial vein, cephalic vein or basilic vein, and then it is supposed to move toward the heart passing through larger veins, until the tip reaches the cavoatrial junction or superior vena cava. The process needs to be carried out using ultrasound in order to keep the track of the tip of the PICC for correct insertion.

Increased usage of midline catheters hampering growth revenue of PICC. Development of a Manageable Geriatric Assessment for General Practice Use (MAGIC) is a set of guidelines that recommends the usage of appropriate vascular access devices. One of the recent application of the MAGIC assessment tool has shown 35 percent decline in monthly PICC insertions in comparison to CVCs.

PICC product type segment dominates the global vascular access catheters throughout the projected period

PICC product type segment dominated the vascular access catheters market in revenue terms in 2016, and the trend is projected to continue throughout the forecast period. PICC is expected to be the most lucrative among product types with attractiveness index of 1.2. PICC segment is likely to record highest Compound Annual Growth Rate of 6.7% during the projected period of 10- years. This segment is expected to be valued more than US$ 1,360 Mn by the end of 2027.


Global vascular access catheters market overview

Global vascular access catheters market is likely to expand at 5.5 % CAGR throughout the assessed period. The market is anticipated to value more than US$ 2,360 Mn in 2017 and in 2027 it will grow and is projected to value at more than US$ 4,000 Mn by 2027 end. Absolute $ opportunity is usually overlooked when analysts forecasts the market but, it is critical in assessing the level of opportunity that an enterprise can look to achieve, as well as to identify potential resources from both a sales and delivery perspective.

With an exclusive coverage of wheel of fortune and reimbursement scenario particularly in the United States, the analysts of Future Market Insights have come with a new publication, “Vascular Access Catheters Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027),” that tracks the overall performance of the global vascular access catheters market throughout the assessed period, i.e. between 2017 and 2027. After a thorough inspection of the global market for vascular access catheters, our expert team of analysts have noticed that the new entrants in this market are expected to divert their focus on revolutionary technology to take lead in evolving the modification of the products.

An increasing technological advancements for locating the tip of central venous catheter has led to wide adoption of central access procedures in clinical practice associated with improved outcome, is a key factor responsible for penetration of central venous catheter in the global vascular access catheters market.  Non-tunneled catheters are being frequently used in the operation theatres by anesthesiologists and surgeons for administrating antibiotics, providing parenteral nutrition and monitoring CVP during major surgeries, thus it holds a major market share in global vascular access catheters market.

Report Structure

Indicators such as R&D expenditure, research funding from government and non-profit organizations etc. have been considered to arrive at the indicated market numbers. Bottom-up approach has been used to assess market numbers for each product category while the top-down approach has been used to counter-validate the reached numbers for global vascular access catheters market. Historical consumption trend has been analysed to track data.

The global vascular access catheters market report begins by the definition of the market and relevance and impact of forecast factors used to estimate the global vascular access catheters market. It is followed by an overview of market dynamics of the global vascular access catheters market, which includes Future Market Insight’s analysis of key trends, drivers, restraints and opportunities which are influencing the development of the global vascular access catheters market. Impact analysis of key growth drivers and restraints based on a weighted average model has been included at a regional level in the global market report after detailed analysis of individual regions to better equip readers with meaningful insights on ongoing developments in the global vascular access catheters market. 

In the final section of the report on the global vascular access catheters market, detailed profiles of key vendors are also included in the scope of the report to evaluate their long- and short-term strategies, key offerings, SWOT analysis, and recent developments in the global vascular access catheters market. 

Market Segmentation

By Region

By Product Type

By Design

By End Use

By Property

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • MEA

  • Japan

  • CVC Catheters

  • Dialysis Catheters

  • PICC Catheters

  • Implantable Port

  • Single Lumen

  • Double Lumen

  • Multi Lumen

  • Hospitals

  • Ambulatory

  • Surgical Centres

  • Specialty Clinics & Others

  • Antimicrobial Catheter

  • Non Anti

  • Microbial Catheter

Research Methodology

The analysts in Future Market Insights have performed systematic exhaustive secondary research to analyse the required data points to arrive at the overall market number. The dedicated team in healthcare domain have listed market players across the value chain of technology developers, manufacturers, and distributors. The questionnaires have been developed for each node in the value chain to extract the required market information through primary research interviews. These interviews are conducted using distinguished essential resources. The data which is provided in the global vascular access catheters market is validated by triangulation method, wherein secondary, primary and Future Market Insight’s analysis have contributed to the final data. For the better understanding of the report, the data is represented using charts, info-graphics, and presentation of key findings by region that provides actionable insights and strategic recommendation.

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