Global Central Venous Catheter Market to Surpass US$ 3,060.3 Million by 2027, Says Coherent Market Insights (CMI)
According to Coherent Market Insights, the Global Central Venous Catheter Market 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).
Key Trends and Analysis of the Global Central Venous Catheter Market:
Increasing number of approvals and launch of novel catheters is expected to fuel growth of the global central venous catheter market. In February 2018, Access Vascular Inc. received approval from the U.S. Food & Drug Administration (FDA) for the HydroPICC catheter for peripheral access of the vein.
Furthermore, the increasing prevalence of diseases such as cancer and end stage renal disease which require longer duration therapies (dialysis and chemotherapy) is expected to fuel growth of the global central venous catheter market. For instance, according to the National Center for Chronic Disease Prevention and Health Promotion, in 2017, around 30 million people or 15%