The global central venous catheter market is poised for substantial growth, with sales projected to increase from USD 2,861.0 million in 2024 to USD 5,436.8 million by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 6.6% over the forecast period. The revenue generated by peripherally inserted central catheters (PICC) in 2023 stood at USD 2,694.1 million, highlighting the significant role of this segment in the overall market.
The growing demand for central venous catheters is driven by their critical applications in administering medications, fluids, and nutrition to patients with chronic or acute conditions. Their adoption is further bolstered by increasing cases of cancer, renal diseases, and other conditions requiring long-term vascular access.
Advancements in catheter technologies, including anti-microbial coatings and precision designs, are improving patient outcomes by reducing infection risks and enhancing ease of use. Healthcare providers are increasingly investing in these solutions to optimize patient care and streamline clinical procedures.
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Key Takeaways:
- The global central venous catheter market is expected to grow from USD 2,861.0 million in 2024 to USD 5,436.8 million by 2034, with a CAGR of 6.6%.
- The revenue from peripherally inserted central catheters (PICC) reached USD 2,694.1 million in 2023, underscoring its importance in the market.
- Rising prevalence of conditions requiring long-term vascular access, such as cancer and renal diseases, is driving demand.
- Technological advancements in catheter design and infection prevention are enhancing market growth.
As healthcare systems increasingly prioritize patient safety and effective treatment delivery, the central venous catheter market is set to expand, offering innovative solutions for critical care worldwide.
Growth Drivers
- Increasing Prevalence of Chronic Diseases: The rising incidence of chronic conditions such as cancer, cardiovascular diseases, and diabetes is driving demand for central venous catheters (CVCs), which are essential for long-term intravenous therapy.
- Demand for Long-Term Vascular Access: As more patients require ongoing treatment, the need for reliable and effective vascular access solutions like CVCs continues to grow.
- Technological Advancements: Innovations in catheter design and materials enhance the safety and effectiveness of CVCs, making them more appealing to healthcare providers.
- Rising Surgical Procedures: An increase in surgical interventions globally is contributing to the demand for CVCs as they are often required during and after surgeries.
Competitive Landscape
Substantial investments in the central venous catheter market are increasingly focused on acquisitions and expansion to drive growth and strengthen market presence. Companies are prioritizing the acquisition of innovative technologies and products to enhance their offerings, while also pursuing strategic partnerships to expand their global footprint.
Recent Industry Developments in Central Venous Catheter Market
- In December 2021, BD (Becton, Dickinson and Company), a leading global medical technology company, announced today it has acquired Tissuemed, Ltd., a privately held firm headquartered in Leeds, England.
- In January 2022, ICU Medical Inc. completed its acquisition of Smiths Medical from Smiths Group plc. The Smiths Medical business includes syringe and ambulatory infusion devices, vascular access, and vital care products.
Key Players of Central Venous Catheter Industry
- Becton, Dickinson and Company
- Teleflex Incorporated
- B. Braun Melsungen AG
- AngioDynamics, Inc.
- Medtronic Plc.
- Smiths Medical (ICU Medical Inc.)
- Cook Group
- Vygon S.A.
- Argon Medical Devices, Inc.
- KIMAL PLC
- Lepu Medical Technology (Beijing) Co., Ltd. (Comed B.V.)
- Merit Medical Systems, Inc.
- Fresenius Medical Care AG & Co. KGaA
- Medical Components, Inc.
- Integer Holdings Corporation
- Biomerics
- Heka s.r.l.
Key Segments of Central Venous Catheter Industry
By Product Type:
In terms of product type, the industry is divided into peripherally inserted central catheters (PICC), implanted port, tunneled central venous catheters and non-tunneled central venous catheters.
By Design:
In terms of design, the industry is segregated into single lumen, double lumen, and multiple lumen.
By Composition:
In terms of Composition, the industry is segregated into polyurethane, Teflon and silicone rubber.
By End-User:
The industry is classified by end user as hospitals, ambulatory surgical centers, specialized clinics and cancer research institutes.
By Region:
Key countries of North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe and Middle East & Africa have been covered in the report.
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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