Brand Story
30 May 2023, 05:29 GMT+10
The global central venous catheters (CVCs) market is expected to grow at a 5.3% CAGR from US$ 1.3 billion in 2022 to US$ 1.6 billion by 2026. The global market for medical devices used to insert catheters into large veins for various medical purposes is referred to as the Central Venous Catheters (CVCs) Market. These catheters, which are typically made of silicone or polyurethane, can be placed in the internal jugular, subclavian, or femoral veins. CVCs are commonly used in critical care settings for patients who require long-term intravenous medications, nutrition, or blood products. Patients who require hemodialysis, apheresis, or plasmapheresis may also benefit from them. In addition, CVCs are used to monitor central venous pressure (CVP).
The global CVCs market is expected to expand significantly over the next few years, owing to rising chronic disease prevalence, rising demand for advanced medical devices, and rising healthcare expenditure.
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Key Takeaways from Central Venous Catheters Market Study
Key Segments in Central Venous Catheters Industry Research
Region-Wise Analysis
The central venous catheters (CVCs) market is a global market that can be segmented into various regions including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America holds the largest share of the market due to the high adoption of advanced technologies, increasing prevalence of chronic diseases, and rising geriatric population. Europe is also a significant market due to the presence of established healthcare infrastructure and high healthcare expenditure. The Asia-Pacific region is expected to grow rapidly due to increasing healthcare expenditure, rising awareness about healthcare, and growing geriatric population. The market in Latin America and Middle East & Africa is expected to grow moderately due to improving healthcare infrastructure and rising investments in the healthcare sector
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Winning Strategy
To lower bloodstream infections, market companies are focusing on launching antimicrobial-coated catheters and stepping up their R&D efforts. To minimise risks and ensure patient safety, central venous catheter manufacturers are putting more focus on investments in product quality and design.
In the upcoming years, industry players believe that regulatory authority suggestions regarding the categorization of central venous catheters, which are now being sought for, will significantly fuel market expansion.
For instance,
Key players in the Central Venous Catheters Market
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