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Central Venous Catheters (CVCs) - Global Market Trajectory & Analytics

  • ID: 5029781
  • Report
  • May 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Amecath
  • BACTIGUARD
  • ISO-MED, INC.
  • PRODIMED ZI
  • Smiths Medical
  • Troge Medical GmbH
  • MORE

Global Central Venous Catheters (CVCs) Market to Reach US$1.6 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Central Venous Catheters (CVCs) estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027.Multi-Lumen, one of the segments analyzed in the report, is projected to grow at a 6.1% CAGR to reach US$793.9 Million by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Triple-Lumen segment is readjusted to a revised 5.2% CAGR for the next 7-year period. This segment currently accounts for a 28.2% share of the global Central Venous Catheters (CVCs) market.



The U.S. Accounts for Over 34.2% of Global Market Size in 2020, While China is Forecast to Grow at a 7.1% CAGR for the Period of 2020-2027


The Central Venous Catheters (CVCs) market in the U.S. is estimated at US$388.2 Million in the year 2020. The country currently accounts for a 34.17% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$192 Million in the year 2027 trailing a CAGR of 7.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR while Rest of European market (as defined in the study) will reach US$192 Million by the year 2027.

Double-Lumen Segment Corners a 17.7% Share in 2020


In the global Double-Lumen segment, USA, Canada, Japan, China and Europe will drive the 4.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$159.1 Million in the year 2020 will reach a projected size of US$215.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$173 Million by the year 2027, while Latin America will expand at a 5.3% CAGR through the analysis period.

Select Competitors (Total 61 Featured) -

  • Amecath
  • AngioDynamics, Inc.
  • B. Braun Melsungen AG
  • BACTIGUARD
  • BARD, A Becton, Dickinson Company
  • Becton, Dickinson & Company
  • Biosensors International Group Ltd.
  • Boston Scientific Corporation
  • ConMed Corporation
  • Cook Medical, Inc.
  • Edwards Lifesciences Corporation
  • Guangdong Baihe Medical Technology Co., Ltd.
  • Henan Tuoren Medical Device Co., Ltd.
  • Intra Special Catheters GmbH
  • ISO-MED, INC.
  • Kimal PLC
  • Lepu Mdicial Technology (Beijing) Co., Ltd
  • Medical Components, Inc.
  • PRODIMED ZI
  • SCW Medicath Ltd.
  • SILMAG
  • Smiths Medical
  • Teleflex Inc.
  • Terumo Corporation
  • Troge Medical GmbH
  • Vogt Medical Vertrieb GmbH
  • Vygon SA
  • ZOLL Medical Corporation
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amecath
  • BACTIGUARD
  • ISO-MED, INC.
  • PRODIMED ZI
  • Smiths Medical
  • Troge Medical GmbH
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • EXHIBIT 1: 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
  • EXHIBIT 2: 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
  • EXHIBIT 3: 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
  • EXHIBIT 4: Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • EXHIBIT 5: World Diabetes and Population Statistics (2019, 2030 & 2045)
  • EXHIBIT 6: ESRD Prevalence Worldwide: Number of Treated ESRD Patients Per Million Population in Select Countries for 2019
  • EXHIBIT 7: 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
  • EXHIBIT 8: Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • EXHIBIT 9: Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • EXHIBIT 10: 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
  • EXHIBIT 11: 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
  • EXHIBIT 12: Global Volume of Surgical Procedures (in Million) by Category: 2019
  • EXHIBIT 13: Growth in the Number of Surgeries in the US (2010-2020) and 2001-2010 (in %)
  • EXHIBIT 14: 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
  • EXHIBIT 15: World Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021 and 2023
  • EXHIBIT 16: 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

UNITED STATES

CANADA

JAPAN

CHINA

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 61

Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Amecath
  • AngioDynamics, Inc.
  • B. Braun Melsungen AG
  • BACTIGUARD
  • BARD, A Becton, Dickinson Company
  • Becton, Dickinson & Company
  • Biosensors International Group Ltd.
  • Boston Scientific Corporation
  • ConMed Corporation
  • Cook Medical, Inc.
  • Edwards Lifesciences Corporation
  • Guangdong Baihe Medical Technology Co., Ltd.
  • Henan Tuoren Medical Device Co., Ltd.
  • Intra Special Catheters GmbH
  • ISO-MED, INC.
  • Kimal PLC
  • Lepu Mdicial Technology (Beijing) Co., Ltd
  • Medical Components, Inc.
  • PRODIMED ZI
  • SCW Medicath Ltd.
  • SILMAG
  • Smiths Medical
  • Teleflex Inc.
  • Terumo Corporation
  • Troge Medical GmbH
  • Vogt Medical Vertrieb GmbH
  • Vygon SA
  • ZOLL Medical Corporation
Note: Product cover images may vary from those shown
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