- Press Release
- Central Venous Catheter Market to Surpass US$ 3,060.3 Million by 2027
Central Venous Catheter Market to Surpass US$ 3,060.3 Million by 2027 - Coherent Market Insights
Published On : Sep 15, 2020
Global Central Venous Catheter Market, by Product Type (Peripherally Inserted Central Catheters (PICC), Implantable Ports, Tunneled Central Venous Catheter, and Non-Tunneled Central Venous Catheter), by Design (Single Lumen, Double Lumen, and Multi Lumen), by Age Group (Adults, Pediatric, and Geriatric), by Procedure (Cardiovascular Procedure, Chemotherapy Procedure, and Dialysis Procedure), by End User (Hospitals, Ambulatory Surgical Centre, and Specialty Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) is estimated to be valued at US$ 2,002.2 million in 2020 and is expected to exhibit a CAGR of 6.2 % during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
Major companies are focused on strategic mergers and acquisitions in order to strengthen their position in the global central venous catheter market. For instance, in 2018, B.Braun Melsungen AG acquired bloodlines business of NxStage Medical, Inc. This acquisition helped the dialysis business of B. Braun Melsungen.
Moreover, companies are focused on innovation and advancements in central venous catheters to strengthen their share in the global central venous catheter market. For instance, On April 2020, Bluegrass Vascular Technologies, a medical technology company, received a De Novo classification order from the U.S. Food and Drug Administration (FDA) for its Surfacer Inside-Out Access Catheter System. The system is developed to obtain central venous access for catheter insertion into the central venous system for patients with upper body venous occlusions.
Global Central Venous Catheter Market – Impact of Coronavirus (COVID-19) Pandemic
Browse 64 Market Data Tables and 44 Figures spread through 261 Pages and in-depth TOC on “Global Endocrine Testing Market, by Product Type (Peripherally Inserted Central Catheters (PICC), Implantable Ports, Tunneled Central Venous Catheter, and Non-Tunneled Central Venous Catheter), by Design (Single Lumen, Double Lumen, and Multi Lumen), by Age Group (Adults, Pediatric, and Geriatric), by Procedure (Cardiovascular Procedure, Chemotherapy Procedure, and Dialysis Procedure), by End User (Hospitals, Ambulatory Surgical Center, and Specialty Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
To know the latest trends and insights prevalent in the Global Central Venous Catheter Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/central-venous-catheter-market-2400
The market is expected to witness significant growth during the forecast period, as various companies are focusing on strategic mergers and acquisitions in the global central venous catheter market.
For instance, in 2018, B.Braun Melsungen AG acquired bloodlines and dialysis business of NxStage Medical, Inc. This acquisition is expected to facilitate growth of B.Braun Melsungen’s dialysis business.
Key Takeaways of the Global Central Venous Catheter Market:
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