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Percutaneous Central Venous Catheters Segment is Fastest Growing Segment Fueling the Growth of Central Venous Catheter Market

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Gauri Cmi
Percutaneous Central Venous Catheters Segment is Fastest Growing Segment Fueling the Growth of Central Venous Catheter Market


The global Central Venous Catheter Market is estimated to be valued at US$ 2388.55 Mn in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Central venous catheters are long, thin tubes placed into large veins in the neck, chest, or groin to administer medication or fluids, obtain blood tests, and measure central venous pressure. Catheter tips placed in larger central veins allow for higher flow rates and administration of fluids, medications, nutrients or blood products into the central circulation.

Market key trends:

One of the key trends in the central venous catheters market is the rising demand for peripherally inserted central catheters (PICCs). PICCs are soft, flexible catheters placed through a small incision in the arm. They allow long term administration of medications, blood products and fluids. PICCs have gained significant acceptance from physicians as they lower the risk of complications as compared to standard central line catheters. PICCs also have better cosmetic appearance than catheters placed into larger veins in the neck or groin. The ease of insertion of PICCs and lower rate of associated complications are driving the growth of this segment within the overall central venous catheters market.

Segment Analysis

The Central Venous Catheter Market Size is segmented by product type, design, end user and region. By product type, peripherally inserted central catheters (PICCs) dominated the central venous catheter market in 2022 as they are minimally invasive, comfortable, and convenient for long-term therapy administration. By design, the tunneled catheters sub-segment accounted for the largest share as they provide high flexibility and reduced risk of infection and thrombogenesis.

Key Takeaways

The global central venous catheter market is expected to witness high growth, exhibiting a CAGR of 4.3% over the forecast period, due to increasing demand for long term vascular access solutions.

Regional analysis - North America dominated the central venous catheter market in 2022 and is expected to remain dominant during the forecast period. This is attributed to the high prevalence of chronic diseases, growing number of surgical procedures, rise in Hospital Acquired Infections (HAIs), and presence of major players in the region.

Key players - Key players operating in the central venous catheter market include B. Braun Melsungen AG, Becton, Dickinson and Company, ICU Medical, Inc., Poly Medicure Ltd., Teleflex Incorporated, Lepu Medical Technology Co., Ltd., Cook Group, Insung Medical, VOGT Medical, ZOLL Medical Corporation, EETA Surgical, QMD, and Kimal. B. Braun Melsungen AG led the market in 2022 owing to its robust product portfolio and widespread geographical presence across major markets.

 

Read More: https://www.trendingwebwire.com/central-venous-catheter-market/


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