The global central venous catheter market is forecast to reach USD 7,964.4 Million by 2028, according to a new report by Reports and Data. central venous catheter is a device that is used to draw blood and give treatments, including intravenous drugs, fluids, or blood transfusions. A thin and flexible tube is inserted into a vein, generally in the lower part of the arm, or the foot, and the back of the hand.

Factors such as the rise in the aging population and advancements in surgical and treatment technologies are driving the market for peripheral intravenous (IV) catheters. An increase in the adoption rate of closed catheters that help in injecting contrast media during computed tomography is a growing trend in the market. These catheters are made up of polyurethane material and have the strength to withstand pressure above 300 pounds per square inch. As they can withstand high pressure, they are increasingly used in CT imaging applications.

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Some Key Factors Contributing to the Global Pharma & Healthcare Market Growth

Unprecedented revenue growth of the global pharma & healthcare industry is attributed to factors such as rising prevalence of chronic and acute diseases worldwide, increasing geriatric population, rising awareness of health & wellness among consumers, and growing demand for more advanced healthcare services. Increasing demand for advanced drugs and therapeutics, increasing availability of next-generation diagnostics and treatment options – especially in developing countries like India and China – rise in R&D activities and clinical trials in the pharmaceutical and biotechnology sectors, increasing public and private investments in healthcare research projects, and rising consumer expenditure on healthcare are among the other significant factors contributing to the industry revenue growth.

Further key findings from the report suggest

  • central venous catheter are the most commonly used intravenous device in hospitalized patients. They are generally used for therapeutic purposes such as administration of medications, fluids, and blood products, as well as blood sampling. An increase in the number of patients hospitalized are propelling the demand for the product in the hospitals.
  • Closed peripheral intravenous catheter provides safe and efficient intravenous access from start to finish. It also provides a high level of needle stick injury protection for those working in healthcare workers. It provides patient safety by minimizing intravenous complications and improving patient comfort. It also allows users to stay in control throughout the entire procedure.
  • Safety intravenous catheters provide control of the blood to help reduce the risk of blood exposure and contamination. A unique valve inside the catheter hub impedes blood flow from the patient’s vein upon initial venipuncture. A clean access site helps prevent the transfer of blood borne pathogens from patient to caregiver on soiled gloves, bedding, clothing, and dressings.
  • A short peripheral intravenous catheter (PIVCs) is frequently used to deliver chemotherapy in oncology practice. As the procedure of peripheral catheterization is invasive, there is a need for greater consistency in the choice, insertion, and management of short PIVCs, particularly in the oncology setting where there is a growing trend for patients to receive many different courses of IV treatment over a number of years, sometimes with only short remissions.
  • North America dominated the market for central venous catheter, followed by Europe. The high demand in the market is driven by factors such as technological advancements and high medical expenses. Rise in the prevalence of disease in the developed regions are also propelling market demand.

Top Players in the Global Breast Pump Market:

Becton, Dickinson and Company, B. Braun Melsungen AG, Smiths Medical, Inc., Tangent Medical Technologies Inc., Terumo Corporation, Teleflex Incorporated, Vigmed AB, Argon Medical Devices, Inc., Medical Components, Inc., and Vascular Pathways Inc., among others.

The coronavirus pandemic has had a drastic impact on the global healthcare industry, with rising cases of COVID-19 worldwide, substantially growing hospital admission and readmission rates, and rising demand for telehealth and telemedicine services for remote patient monitoring. Furthermore, rising focus on development of rapid COVID-19 diagnostics such as the RT-PCR test kits, increased government funding for vaccine development, stringent regulatory norms and protocols for COVID-19 safety, and increasing sales of COVID-19 safety equipment, such as N-95 masks, face shields, PPE kits, and hand sanitizers, have driven the global pharma & healthcare industry revenue growth over the recent past.  

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Breast Pump Market Segmentation:

Type Outlook (Revenue, USD Billion; 2020-2028)

  • Short Peripheral I.V. Catheter
  • Integrated/Closed Peripheral I.V. Catheter

Technology Outlook (Revenue, USD Billion; 2020-2028)

  • Safety Peripheral I.V. Catheter
  • Conventional Peripheral I.V. Catheter

Application Outlook (Revenue, USD Billion; 2020-2028)

  • Renal Disease
  • Oncology
  • Pediatric Disease
  • Gastroenterology
  • Infectious Disease

End Users Outlook (Revenue, USD Billion; 2020-2028)

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Home Healthcare

Global Breast Pump Market Report: Regional Segmentation

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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