The Central Venous Catheters Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Central Venous Catheters Global Market Report 2024, The central venous catheters market size has grown strongly in recent years. It will grow from $3.61 billion in 2023 to $3.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to rise in chronic diseases, rise in enhanced infection control, rise in demand for intravenous therapy, increase in use in medical emergencies, and rise in use in trauma care .
The central venous catheters market size is expected to see strong growth in the next few years. It will grow to $5.62 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to rising incidence of chronic diseases, increasing demand for minimally invasive procedures, increasing focus on infection prevention, expanding healthcare infrastructure, and increasing number of cardiovascular patients. Major trends in the forecast period include adoption of antimicrobial-coated catheters, technological advancements, advancements in bioresorbable materials, adoption of power-injectable CVCs, and enhanced catheter tip designs.
The rising cases of kidney diseases is expected to propel the growth of the central venous catheter market going forward. The increasing incidence of kidney diseases is driven by factors such as rising rates of chronic conditions such as diabetes and hypertension, which require interventions such as central venous catheters for essential treatments such as dialysis. Central venous catheters assist in managing kidney diseases by providing essential access to hemodialysis, medication administration, nutritional support, and frequent blood draws. For instance, in June 2023, according to Kidney Research UK, a UK-based charity, the prevalence of kidney disease in the UK is estimated to affect 7.19 million people in 2023, more than 10% of the population. It is expected to reach 7.61 million by 2033, with the proportion of patients in later stages of the disease increasing from 45% to 51%. Therefore, rising cases of kidney diseases will drive the central venous catheter market.
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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
Major companies operating in the central venous catheter market are developing advanced ultrasound systems to enhance precision and safety during catheter insertion procedures. Advanced ultrasound systems improve central venous catheter placement by providing real-time visualization, increasing accuracy, reducing complications, and improving patient comfort and procedural efficiency. For instance, in November 2023, Becton, Dickinson, and Company (BD), a US-based medical technology company, launched SiteRite 9, an advanced vascular access ultrasound system to improve clinician efficiency when placing peripherally inserted central catheters (PICCs), central venous catheters, IV lines, and other vascular access devices. The SiteRite 9 ultrasound system features a user-friendly 15.6-inch touchscreen with enhanced image quality. It includes the Cue needle tracking system for real-time needle tracking and the Sherlock 3CG+ tip confirmation system for precise catheter navigation. BD’s advanced ultrasound technology aims to simplify vascular access procedures, supporting clinician efficiency with intelligent, connected features such as vessel assessment and automated data capture.
The central venous catheters market report table of contents includes:
1. Executive Summary
2. Central Venous Catheters Market Characteristics
3. Central Venous Catheters Market Trends And Strategies
4. Central Venous Catheters Market – Macro Economic Scenario
5. Global Central Venous Catheters Market Size and Growth
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32. Global Central Venous Catheters Market Competitive Benchmarking
33. Global Central Venous Catheters Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Central Venous Catheters Market
35. Central Venous Catheters Market Future Outlook and Potential Analysis
36. Appendix
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