U.s. central venous catheter market analysis | Coherent Market Insights

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• U.S. CENTRAL VENOUS CATHETER MARKET ANALYSIS
• U.S. 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 Composition (Polyurethane,
  Polyethylene, and Silicon), by Procedure
  (Cardiovascular Procedure, Chemotherapy
  Procedure, and Dialysis Procedure), and by End
  User (Hospitals, Ambulatory Surgical Centers, and
  Specialty Clinics) - Size, Share, Outlook, and
  Opportunity Analysis, 2018-2026

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• Central venous catheters play a major role in
  modern healthcare. These catheters allow easy
  administration of intravenous fluids, blood
  products, medications, and parenteral nutrition,
  as well as offer hemodialysis access and
  hemodynamic monitoring. They are used in various
  diseases for longer duration therapies such as
  cancer (chemotherapy) and end stage renal disease
  (dialysis).
• The U.S. central venous catheter market size was
  valued at US 825.9 million in 2018, and is
  expected to exhibit a CAGR of 6.2 over the
  forecast period (2018 2026).

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• Figure 1. U.S. Central Venous Catheter Market
  Value (US Mn), by Design, 2018

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• Increasing prevalence of cancer is expected to
  propel growth of the central venous catheter
  market
• Cancer is a class of chronic disease that is
  characterized by out-of-controlled growth of
  cells. According to The National Cancer
  Institute, 2013, there are over 100 different
  types of cancer that can be described from the
  type of cells they are formed from. According to
  the American Cancer Society, 2017, cancer is the
  second most common cause of death in the U.S.,
  which accounts for nearly 1 out of every 4
  deaths.
• According to the National Center for Chronic
  Disease Prevention and Health Promotion, 2017,
  around 30 million people or 15 of the U.S.
  adults were estimated to have chronic kidney.
• According to the World Health Organization (WHO),
  2012, cancer is the second leading cause of
  morbidity and mortality worldwide, with around 14
  million new cases registered in 2012.
  Furthermore, WHO stated that the number of new
  cases is expected to increase by around 70 by
  2030. In 2015, cancer was responsible for 8.8
  million deaths worldwide.

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Figure 2. U.S. Central Venous Catheter Market
Share (), by Design, 2018 and 2026

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Increasing collaboration strategies adopted by
market players is expected to bolster growth of
the U.S. central venous catheter market

• The U.S. central venous catheter market is
  expected to witness significant growth due to
  increasing adoption of collaboration strategies
  by market players. For instance, in 2017, Becton,
  Dickinson, and Company acquired C.R. Bard, Inc.
  which created a new health care industry leader
  with approximately US 16 billion in annualized
  revenue. Similarly, in July 2018, B.Braun
  Melsungen AG acquired the bloodlines business of
  NxStage Medical, Inc. This acquisition helped
  dialysis business of B. Braun Melsungen AG.
• Key Players
• Major players operating in the U.S. central
  venous catheter market include, AngioDynamics,
  Inc., C. R. Bard, Inc., Teleflex Incorporated, B.
  Braun Melsungen AG, Medtronic Plc., Vygon Ltd.,
  Cook Medical, Inc., Argon Medical Devices, Inc.,
  ICU Medical, Inc., and Theragenics Corporation.

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