Rise in number of patients suffering from end stage renal disease (ESRD) across the globe drives the growth of the global chronic hemodialysis catheter market.
The global chronic hemodialysis catheter market size was valued at $354 million in 2019, and is projected to reach $446 million by 2027, growing at a CAGR of 3.7% from 2020 to 2027.
Hemodialysis is a process of blood purification in patients suffering from kidney disease by means of external hemodialyzer or artificial kidney. A hemodialyzer is connected to patient with the help of catheter and external tubing to facilitate efficient removal of wastes such as urea and extra fluid from blood. Hemodialysis catheter is implanted into patient’s vein to provide vascular access during dialysis process for efficient transfer of blood from patient to dialysis machine. A catheter consists of tubes, hub, extension, clamps, and cuffs.
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- The demand for chronic hemodialysis catheter is expected to increase during the Covid-19 pandemic. This is due to the growing demand for dialysis from patients suffering from chronic kidney disease (CKD) as these patients are at high risks of getting infected with coronavirus due to the compromised immunity.
- The chronic hemodialysis catheter manufacturers, however, have slowed down their production due to restrictions on mobility across the globe. Also, the disruption in supply chain has led to the shortage.
Rise in prevalence of kidney diseases is expected to result in surge in number of end-stage renal diseases (ESRD) patients around the globe, which is projected to boost the demand for hemodialysis catheters during the study period. In addition, technological advancements in hemodialysis catheters and lack of kidney donors are projected to fuel the chronic hemodialysis catheter market growth. Moreover, rise in utilization of hemodialysis catheters, increase in use of antimicrobial-coated hemodialysis catheters, surge in number of dialysis centers, and rise in patient awareness toward hemodialysis treatment are anticipated to drive growth of the market. However, complications associated with hemodialysis catheters and lack of access of hemodialysis catheters in underdeveloped countries is expected to hinder growth of the market.
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Based on type of tip, the step-tip segment contributed to the largest share in 2019, accounting for nearly two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the symmetric tip segment is estimated to portray the highest CAGR of 4.6% during the forecast period.
Based on material, the polyurethane segment accounted for the largest share in 2019, holding more than two-thirds of the total share, and is expected to maintain the largest share throughout the forecast period. In addition, it is expected to register the highest CAGR of 3.8% from 2020 to 2027.
Based on region, Asia-Pacific contributed the highest share, accounting for more than two-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. In addition, it is projected to grow at the fastest CAGR of 4.3% from 2020 to 2027. The report also analyzes regions including North America, Europe, and LAMEA.
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The market report provides an in-depth analysis of the major market players such as
B. Braun Holding GmbH & Co. KG, AngioDynamics, Inc., Baxter International Inc., Fresenius SE and Co. KGaA, Becton, Dickinson and Company, Medtronic Plc., Medical Components, Inc., Nikkiso Co. Ltd., Teleflex Incorporated and Nipro Medical Corporation.
Scope of The Report:
|Market size available for years||2019-2027|
|Base year considered||2019|
|Forecast units||Value (USD)|
|Segments covered||Type of Tip, Material, and End User|
|Geographies covered||North America, Europe, Asia-Pacific, LAMEA|
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