Global Central Venous Catheters (CVCs) Market to Reach $2 Billion by 2030, Driven by Increasing Incidence of Chronic Diseases and Surgical Procedures
14 Jul 2023
DUBLIN, July 13, 2023 /PRNewswire/ -- The "Central Venous Catheters (CVCs): Global Strategic Business Report" report has been added to
ResearchAndMarkets.com's offering.
The global market for Central Venous Catheters (CVCs) estimated at US$1.2 Billion in the year 2022, is projected to reach a revised size of US$2 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030.
Multi-Lumen, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$971.4 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Triple-Lumen segment is readjusted to a revised 5.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $420.5 Million, While China is Forecast to Grow at 7.6% CAGR
The Central Venous Catheters (CVCs) market in the U.S. is estimated at US$420.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$240.8 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$215.2 Million by the year 2030.
Select Competitors (Total 61 Featured) -
Amecath
Becton, Dickinson and Company
Vygon Ltd
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Central Venous Catheters (CVCs) - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of COVID-19 Pandemic and Looming Global Recession
2020 Marked as a Year of Disruption & Transformation
World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Pandemic Disrupts Operations of Medical Equipment and Supplies Industry
Elective Surgeries Report Roller-Coaster Ride Amid COVID-19
COVID-19 Induced YOY Decline in Heart Surgery Volumes in the US in 2020
COVID-19 Results in Colossal Backlog of Elective Surgeries & Extended Waiting Times
Pandemic Affects Demand for Central Venous Catheters (CVCs)
Central Venous Catheters Remain Crucial Element of COVID-19 Patients' Treatment
Central Venous Catheter (CVC): An Indispensable Medical Device for Healthcare Domain
Contradictions & Complications of CVCs
Types of Central Venous Catheters
Global Market Prospects & Outlook
Global Central Venous Catheters Market by Product Type (in %) for 2020E
Multi-Lumen Design Leads the CVCs Market
Antimicrobial Coated Catheters to Witness High Growth
Hospitals: The Largest End-Use Category
Developing Economies to Spearhead Long-term Growth
Competition
World Brands
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Rising Incidence of Chronic Diseases Necessitate Central Venous Access, Driving Demand for CVCs
World Diabetes and Population Statistics (2019, 2030 & 2045)
Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
Aging Population with Higher Susceptibility to Age-related Chronic Conditions to Drive Market Gains
Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
Life Expectancy at Age 60 and 80 Years: (2010-2015), (2020-2025) & (2045-2050)
Use of Central Venous Catheterization for Chemotherapy Administration Boosts Market Growth
Catheters Hold Vital Role in Drugs & Fluid Delivery in Cancer Treatment
Expanding Patient Population Diagnosed with Renal Diseases: Potential Growth for CVCs Market
Global Dialysis Patient Population Breakdown by Geographic Region/Country (2019 and 2024)
Catheter-Related Infections during Hemodialysis Reduce due to Hygiene Procedures
Percutaneous Translumbar Insertion for Alternate Venous Access for Dialysis of COVID-19 ARDS Patients
Surgical Procedure Volumes and Shift towards Minimal Invasive Surgeries: Significant Impact on CVCs Market
Global Volume of Surgical Procedures (in Million) by Category: 2019
Growth in the Number of Surgeries in the US (2010-2020) and 2001-2010 (in %)
Number of Surgical Procedures (per 100,000 People) in Select Countries
Central Venous Catheters: Playing Critical Role in Parenteral Nutrition
Growing Role of Central Venous Catheters in Drug Administration
Rising Use of Central Venous Catheters in ICU Settings
Growing Adoption of Antimicrobial Impregnated Catheters
Technologically Advanced CVCs Promise Better Outcomes for Interventional Procedures
3M Korea's All-in-One PICC/CVC Securing System
Clear Correlation between CVD Risk and Central Venous Catheter Insertion Calls for Minimization of Catheter Use
Consistent Rise in Healthcare Spending Worldwide to Drive Market Opportunities
World Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021 and 2023
Elderly Healthcare Expenditure as a % of GDP in the US, Europe and Japan for 1970, 2010 and 2050
Challenges Facing Central Venous Catheters Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/pm3s33
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