Central Venous Catheter Market Analysis Report, Size, Share, key growth drivers, challenges, opportunity assessment, Segment and Regional Forecast to 2030

A central venous catheter is also known as central line catheter, which has a long, thin, flexible tube that is placed in a large vein near the heart. The catheter reaches the large vein through the internal jugular vein, subclavian vein, or femoral vein to administer medicines, fluids, nutrients, blood, and blood products. In addition, these catheters are used to measure Central Venous Pressure (CVP), hemodialysis, and chemotherapy over a long period of time.

A flexible tube inserted into the vein below the right side of the collarbone and guided towards the superior vena cava, a large vein towards the heart, is commonly referred to as a central venous catheter, central line, or central venous line. Its primary use is for the administration of various fluids, including intravenous fluids, blood transfusions, and chemotherapy drugs, directly into a patient’s body. In 2011, the Centers for Disease Control and Prevention (CDC) issued guidelines aimed at preventing intravascular catheter-related infections, which were subsequently updated in 2017. The guidelines cover essential aspects related to central venous catheters, including appropriate training for healthcare personnel responsible for catheter insertion, selecting the catheter application sites, and monitoring and surveilling staff.

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Impact of the Coronavirus (COVID-19) Pandemic

The global central venous catheters market is projected to experience a slowdown in growth during the forecast period due to the COVID-19 pandemic. An example of this can be seen in a study published in the Canadian Cancer Research Journal, Current Oncology, in June 2020. The study examined the impact of COVID-19’s emergence on stage II and stage III colon cancer patients undergoing adjuvant chemotherapy in China. The study found that the patients had to modify or delay their chemotherapy regimens due to various factors, including:

• Altered hospitalization policies caused by the pandemic
• Transportation disruptions caused by lockdown measures
• Patients’ reluctance to continue treatment
• Side effects like vein blockages

The global central venous catheters market is expected to experience a setback due to the diminishing number of blood transfusions. A published article in Transfusion Medicine and Hemotherapy in November 2021 revealed that the COVID-19 pandemic created additional obstacles for blood transfusion owing to the implementation of lockdown policies, social distancing requirements, and concerns about virus transmission through blood. Furthermore, the elderly, who traditionally make up a significant portion of blood donors, were among the most vulnerable to the virus, resulting in reduced donations from this group.

It is projected that the global market for central venous catheter will reach a worth of US$ 2,117.8 million by 2021 and will demonstrate a CAGR of 6.2% from 2021 to 2028.

During the projected timeframe, the global central venous catheter market is anticipated to experience growth as regulatory authorities provide guidance to industry participants on the categorization of these catheters.

The growth of the central venous catheter market is expected to be propelled over the projected timeframe due to regulatory agencies issuing guidelines to market participants regarding catheter classification. A prime example of this is Bluegrass Vascular Technologies, a medical technology firm that received a De Novo classification from the FDA in 2020 for its Surfacer Inside-Out Access Catheter System. This catheter system was specifically engineered to allow for central venous access for catheter insertion into the central venous system, particularly for patients experiencing upper body venous occlusions.

During the projected duration, the global market for central venous catheter is anticipated to experience growth as a result of market participants engaging in non-organic activities like the execution of distribution agreements.

The global central venous catheter market is anticipated to experience significant growth during the projected period due to the rise of inorganic activities among market players. These activities include the signing of distribution agreements. A noteworthy example of this is the recent agreement between ZOLL Medical and Wallaby Medical Technologies in August 2021. Wallaby will handle the sales and distribution of ZOLL’s temperature management products in China. Specifically, ZOLL’s Thermogard XP Intravascular Temperature Management System (IVTMTM), which features a range of heat-exchange catheters, will aid healthcare professionals in providing targeted temperature management (TTM) to patients, resulting in improved neurological outcomes for cardiac arrest survivors in particular.

Market Restraints

The growth of the global central venous catheter market is likely to be impeded during the projected duration due to an increase in central venous catheter recalls. This was illustrated in January 2020 when ICU Medical, Inc. initiated a Class 2 device recall of a heparin-coated central venous catheter. The recall was prompted by difficulties in passing the guidewire through the needles within the catheter kits. Similarly, in January 2019, Arrow International Inc. (a subsidiary of Teleflex Inc.) recalled an Arrow QuadLumen central venous catheterization kit due to the presence of an incorrect banner card in the product package. These recalls are expected to negatively impact the market and its growth.

Additionally, in February 2016, Cook Medical, a privately-owned company in the United States, initiated a voluntary recall of 360 specific lots of single-lumen central venous catheters and pressure monitoring sets and trays. The recall was prompted by the possibility of catheter tip fracture and/or separation and impacted 17,827 devices across the globe. The recall included various versions and a large quantity of Single Lumen Central Venous Catheter Sets and Trays, Single Lumen Pressure Monitoring Sets, Femoral Artery Pressure Monitoring Catheter Sets and Trays, and Radial Artery Pressure Monitoring Catheter Sets and Trays. These products are designed for use in blood sampling, venous or arterial pressure monitoring, and drug and fluid administration.

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Key players

Key players, including Becton, Dickinson and Company, ZOLL Medical Corporation, Teleflex Incorporated, B. Braun Melsungen AG, ICU Medical, Inc., VOGT Medical, Lepu Medical Technology Co., Ltd., EETA Surgical, Insung Medical, Poly Medicure Ltd., Kimal, Cook Group, and QMD, are operating in the global central venous catheter market.

Regional Analysis

The global central venous catheter market is characterized based on geographic regions such as Africa, Latin America, Asia Pacific, North America, Europe, and the Middle East.

The North American central venous catheter market is projected to be the leading region among other regions during the projected period, mainly due to the provision of reimbursement for central venous catheters, which is predicted to fuel the growth of this market. As an example, the Centers for Medicare & Medicaid Services (CMS) report of 2020, which provides a breakdown of reimbursement for central venous catheter procedures.

(The abbreviation CPT represents Current Procedural Terminology, which is a trademark of the American Medical Association. ASC stands for Ambulatory Surgical Center.)

Moreover, Europe is predicted to experience notable expansion in the global market for central venous catheter due to the rising prevalence of inorganic activities, such as agreements and partnerships, among market players. A prime example of this is Bactiguard, a catheter development company, which disclosed in March 2018 that it had struck a distribution deal with Ecomed Services NV, a medical device distributor in Belgium and the Netherlands, in order to extend its reach in Europe for the commercialization and distribution of Bactiguard products in the Netherlands.

Table of Contents with Major Points:

Executive Summary

• Introduction
• Key Findings
• Recommendations
• Definitions and Assumptions

Executive Summary

Market Overview

• Definition of Central Venous Catheter Market Market
• Market Dynamics
• Drivers
• Restraints
• Opportunities
• Trends and Developments

Key Insights

• Key Emerging Trends
• Key Developments Mergers and Acquisition
• New Product Launches and Collaboration
• Partnership and Joint Venture
• Latest Technological Advancements
• Insights on Regulatory Scenario
• Porters Five Forces Analysis

Qualitative Insights Impact of COVID-19 on Global Central Venous Catheter Market Market

• Supply Chain Challenges
• Steps taken by Government/Companies to overcome this impact
• Potential opportunities due to COVID-19 outbreak

Conclusion 

Appendix

• Data Sources
• Abbreviations
• Disclaimer

TOC Continued…!

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