2024 Central Venous Catheters Market Outlook: Size, Share, and Key Growth Drivers
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What Growth Rate is the Central Venous Catheters Market Anticipated to Experience from 2024-2033?
The central venous catheters market has seen strong growth in recent years. It will rise from $3.61 billion in 2023 to $3.94 billion in 2024, reflecting a CAGR of 9.2%. The historical growth can be attributed to the increasing prevalence of chronic diseases, enhanced infection control measures, rising demand for intravenous therapy, higher usage in medical emergencies, and greater use in trauma care.
The central venous catheters market is expected to see significant growth in the next few years, projected to reach $5.62 billion by 2028, with a CAGR of 9.3%. This growth is influenced by a rising incidence of chronic diseases, increasing demand for minimally invasive procedures, a focus on infection prevention, expanded healthcare infrastructure, and a growing number of cardiovascular patients. Key trends during this period include the adoption of antimicrobial-coated catheters, technological advancements, improvements in bioresorbable materials, use of power-injectable CVCs, and enhanced catheter tip designs.
What Are the Significant Influencers of Growth in the Central Venous Catheters Market?
The rising incidence of kidney diseases is expected to drive the central venous catheter market. Chronic conditions like diabetes and hypertension are contributing to the growing number of kidney disease cases, which often require central venous catheters for treatments like dialysis. In June 2023, Kidney Research UK estimated that kidney disease affected 7.19 million people in the UK in 2023 and projected the number to rise to 7.61 million by 2033. Therefore, the growing incidence of kidney diseases is expected to boost the central venous catheter market.
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What Key Segments Define the Central Venous Catheters Market?
The central venous catheters market covered in this report is segmented –
1) By Type: Single-lumen, Double-lumen, Triple-lumen, Other Types
2) By Property: Antimicrobial Coated, Non-Antimicrobial Coated
3) By Application: Jugular Vein, Subclavian Vein, Femoral Vein, Other Applications
4) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users
What Are the Key Developments Shaping the Central Venous Catheters Market?
Major companies in the central venous catheter market are developing advanced ultrasound systems to improve precision and safety during catheter insertion procedures. Advanced ultrasound systems provide real-time visualization for better accuracy and reduced complications. In November 2023, Becton, Dickinson, and Company launched SiteRite 9, an advanced vascular access ultrasound system to enhance clinician efficiency in placing central venous catheters.
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What Regions Are Driving Expansion in the Central Venous Catheters Market?
North America was the largest region in the central venous catheters market in 2023. The regions covered in the central venous catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Central Venous Catheters Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the central venous catheters market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Central Venous Catheters Market Include
1. Central Venous Catheters Market Executive Summary
2. Central Venous Catheters Market Segments
3. Central Venous Catheters Market Size And Template Market Growth Rate
4. Key Central Venous Catheters Market Trends
5. Major Central Venous Catheters Market Drivers
……
25. Key Mergers And Acquisitions In The Central Venous Catheters Market
26. Top Central Venous Catheters Companies
27. Central Venous Catheters Market Opportunities And Strategies
28. Central Venous Catheters Market, Conclusions And Recommendations
29. Appendix
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