Central Venous Catheter Market To Surpass US$ 3,060.3 Million By 2027 - Coherent Market Insights

SEATTLE - Jan. 27, 2021 - PRLog -- 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).

Major companies are focused on strategic mergers and acquisitions in order to strengthen their position in the global central venous catheter market.

Global Central Venous Catheter Market – Impact of Coronavirus (COVID-19) Pandemic

According to the Coronavirus Disease (COVID-19) Situation Report- 199 by the World Health Organization, around 18,614,177 cases of coronavirus disease (COVID-19) were reported on August 6, 2020 across the globe.

On May 23, 2020 the Centers for Disease Control and Prevention released an updated interim additional guidelines to prevent the infection spread in outpatient hemodialysis facilities. Some important guidelines are facilities should implement non-punitive, and flexible sick leave for ill healthcare professional, instructions about maintaining social distancing of at least 6 feet whenever possible,

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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.

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Key Takeaways of the Global Central Venous Catheter Market:

The global central venous catheter market is expected to exhibit a CAGR of 6.2% during the forecast period owing to product approvals and launches and strategic mergers and acquisitions.

Among product type, the peripherally inserted central catheters (PICC)-central venous catheter market segment is expected to hold dominant position in the global central venous catheter market in 2020 owing to approvals of new and advanced products by regulatory authorities.

Key players operating in the global central venous catheter market are AngioDynamics Inc., Lepu Medical Technology Co., Ltd, KIMAL PLC, Prodimed Benelux B.V, Terumo Corporation, Medtronic Plc, Teleflex Incorporated, Becton, Dickinson and Company, Amecath, ICU Medical, Inc., Edwards Lifesciences Corporation,

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