As cited by the research report titled ‘Global Chronic Hemodialysis Catheter Market by Type of Tip (Step-Tip, Split-Tip, and Symmetric Tip), Material (Silicone and Polyurethane), and End User (In-Center Dialysis, and Home Dialysis) and Regional Forecasting 2020-2027’, available with Market Study Report, global chronic hemodialysis catheter market was worth USD 0.35 billion in 2019 and is projected to grow with a CAGR of 3.7% over 2020-2027 to accumulate USD 0.473 billion by the end of study duration.
 

Increase in number of end-stage renal disease patients, in consort with dearth of kidney donors for transplantation are the factors driving the growth of global chronic hemodialysis catheter market. According to Statista, Spain had high rate of deceased organ donors with 50 people per million population in 2019.
 

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For those unaware, hemodialysis is a form of blood filtration technique for a person suffering from kidney failure. A hemodialysis catheter is used in exchanging the blood to and from a dialysis system and a patient. Medical recommendation of long-term hemodialysis therapy for patients is fostering the demand for chronic hemodialysis catheters.
 

However, lack of access to hemodialysis catheters in underdeveloped countries, and complications related to the procedure are as restraints for global chronic hemodialysis catheter market scenario.
 

Based on type of tip, the industry is segmented into step-tip, symmetric tip, and split-tip. Speaking of material, worldwide chronic hemodialysis catheter marketplace is divided into polyurethane, and silicone. Moving on to end user spectrum, the industry is fragmented into home dialysis, and in-center dialysis.
 

Geographically, Asia Pacific, Europe, North America, and Latin America are major revenue generators for worldwide chronic hemodialysis catheter industry. Of these, North America is likely to be a major growth hub for the market over 2020-2027, owing to firmly set health infrastructure, and increasing government investment in medical sector.
 

Whereas, Asia Pacific market is anticipated to record a strong CAGR through 2027, on account of increasing prevalence of chronic kidney diseases, and rising number of dialysis patients in developing countries.
 

Notable players in global chronic hemodialysis catheter industry are Teleflex Incorporated, Nipro Medical Corporation, Nikkiso Co. Ltd., Medtronic plc, Medical Components Inc., Fresenius SE & Co. KGaA, Becton Dickinson and Company, Baxter International Inc., B. Braun Holding GmbH & Co. KG, and AngioDynamics.