Peripheral Insert Central Catheter (PICC) is fastest growing segment fueling growth of Central Venous Catheter Market

The global Central Venous Catheter Market is estimated to be valued at US$ 2388.55 Mn in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

 They offer a reliable long-term venous access and can remain in place for weeks, months, or years if needed.

Market key trends:

One of the key trends in the central venous catheter market is the growing preference for peripherally inserted central catheters (PICCs). The demand for PICCs is increasing owing to their advantages over conventional central venous catheters such as convenience, reduced risk of complications, and cost-effectiveness. PICCs can remain in the body for extended periods from weeks to months and tend to have a lower risk of complications such as infection or puncturing the heart or lung when placed compared to traditional central venous catheters. They provide long-term intravenous access for administration of antibiotics, chemotherapy drugs, parenteral nutrition, or blood products.

Segment Analysis

The Global Central Venous Catheter Market Size can be segmented by product, design, and end user. By product, the single lumen central venous catheter segment dominated the market in 2023 and is expected to remain the largest segment over the forecast period. Single lumen catheters are preferred for basic or routine procedures where multiple lumens are not required.

Key Takeaways

The global central venous catheter market is expected to witness high growth, exhibiting a CAGR of 4.3% over the forecast period, due to an increasing number of chronic diseases like cancer that require intravenous administration of fluids, drugs, and nutrients.

Regional analysis

North America dominated the global central venous catheter market in 2023 and is expected to remain the leading region over the forecast period. This is attributed to factors such as high prevalence of lifestyle diseases, rapid adoption of advanced central line treatment procedures, and presence of prominent players in the region.

Key players analysis

Key players operating in the central venous catheter market are B. Braun Melsungen AG, Becton, Dickinson and Company, ICU Medical, Inc., Poly Medicure Ltd., Teleflex Incorporated, Lepu Medical Technology Co., Ltd., Cook Group, Insung Medical, VOGT Medical, ZOLL Medical Corporation, EETA Surgical, QMD, and Kimal. B. Braun Melsungen AG dominated the market in 2023 owing to its robust product portfolio and wide geographical presence across the globe.

For More Insights, Read- https://www.newsstatix.com/central-venous-catheter-advancements-to-drive-growth-in-the-global-central-venous-catheter-market/