Global Central Venous Catheters (CVCs) Market to Reach $2 Billion by 2030, Driven by Increasing Incidence of Chronic Diseases and Surgical Procedures

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
• AngioDynamics Inc.
• B. Braun Melsungen AG
• Bactiguard AB
• Becton, Dickinson and Company
• COOK MEDICAL LLC
• Edwards Lifesciences Corporation
• Guangdong Baihe Medical Technology Co., Ltd
• ICU Medical, Inc.
• Insung Medical Co. Ltd.
• KIMAL PLC
• Lepu Medical Technology (Beijing) Co., Ltd.
• Medtronic Plc
• Smiths Medical, Inc.
• Teleflex Incorporated
• Vygon Ltd
• ZOLL Medical Corporation

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
• Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
• World Diabetes and Population Statistics (2019, 2030 & 2045)
• ESRD Prevalence Worldwide: Number of Treated ESRD Patients Per Million Population in Select Countries for 2019
• 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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