October 20, 2020
According to the recent research report titled ‘Dialysis Catheters Market Share, Size, Trends, Industry Analysis Report, By Product Type theters); By Application ; By End Use; By Regions; Segment Forecast, 2020 -2027’, available with Market Study Report, global dialysis catheters market valuation is expected to reach USD 976.2 million by the year 2027.
Surging independent dialysis care centers in Europe and U.S., growing elderly population seeking advanced medical care, and lifestyle changes leading to kidney disorders are the key factors driving the growth of global dialysis catheters market.
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For those uninitiated, dialysis catheters have two lumens, arterial and venous, which are utilized for transfer of blood to and from a dialysis machine and patient undergoing treatment. Catheters are usually placed at superior vena cava by puncturing jugular vein of the neck towards the chest. The arterial lumen does the work of carrying blood away from the heart, supplying it to the dialysis machine, and, the work of carrying the blood back to the heart is done by venous lumen, with maintained flow rate of 200 to 500 ml/min.
According to expert studies, there are over 16,800 dialysis centers in more than 161 countries across the globe. Provision of exclusive dialysis facilities across dialysis centers for the treatment of multiple renal disorders, is stimulating global dialysis catheters market trend.
In addition, establishment of new dialysis centers and various expansion strategies incorporated by companies are propelling global dialysis catheters industry share. Citing an instance, in April 2020, Outset Medical, the U.S.-based renal care provider, declared that it obtained FDA approval for its home-based Tablo hemodialysis system, which is an all in one dialysis treatment machine managing both the processing of dialysate and the purification of water. Similarly, CloudCath, a U.S. based startup, raised USD 12 million funding for commercializing its dialysis home monitoring device.
Based on product type, global dialysis catheters market is divided into symmetric catheters, split-tip, step-tip, non-tunneled, and tunneled. Speaking of application spectrum, the industry is bifurcated into peritoneal dialysis, and hemodialysis. In terms of end-use scope, the market is split into home dialysis, and in-center dialysis.
Major contenders in global dialysis catheters industry sphere are Vygon S.A., ICU Medical Inc., RyMed Technologies LLC, Nexus Medical LLC, B. Braun Melsungen AG, Becton, Dickinson and Company, CareFusion Corporation, and Baxter International Inc.