CONTINUOUS PERIPHERAL NERVE BLOCK CATHETER MARKET ANALYSIS

Peripheral Nerve Block Catheter and infusion pump is used to manage pain after surgery. Following the surgery a nerve block utilizes an anesthetic to numb a body part to reduce pain. Nerve blocks helps patients to recover fast. The catheter is a slim tube which is embedded under the skin after surgery to deliver numbing medicine around the nerves. The infusion pump delivers medicine automatically.

• Use of peripheral nerve block catheter have advantages such as less post-operative pain, less narcotic use, a lower risk of drug dependence, a fast return to movement and function
• After surgery use of nerve block catheter increases the chance of being discharged from the hospital sooner
• People facing problem in taking drug, use of nerve block catheter helps them to avoid taking of pain killer drugs orally
• Gives better rest to patient following a medical procedure
• Decreases symptoms of oral pain medicine, like nausea, vomiting, tingling, and drowsiness.

Global Continuous Peripheral Nerve Block Catheter Market - Impact of the Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic is expected to hamper the growth of the global natural biomaterials market, owing to complete lockdown during the COVID-19 pandemic. For instance, By April 2020, about half of the world population was under some type of lockdown, with more than 3.9 billion individuals in excess of 90 nations or regions having been asked or requested to remain at home by their running government. These lockdown was imposed to control the spread of SARS-CoV-2. Due to these restrictions transport, manufacturing, supply chain of natural biomaterial was badly affected. Which has negative impact on the growth of global natural biomaterials market.

Decrease in number of joint surgeries during the COVID-19 pandemic is expected to hamper the global continuous peripheral nerve block cartheter market. For instance, according to Canadian Institute for Health Information, in June 2, 2022, annual report of Canadian Joint Replacement Registry (CJRR), due to COVID-19 pandemic most of the planned joint surgeries were cancelled. In 2020-2021, 20% less hip and knee replacements surgery was done compared to 2019-2020.

The global continuous peripheral nerve block catheter market is estimated to be valued at US$ 536.2 Mn in 2022 and is expected to exhibit a CAGR of 6.2% over the forecast period (2022-2030)  

Figure 1: Global Continuous Peripheral Nerve Block Catheter Market, (%), Analysis, By Induction, 2022

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Market players are involved in Market players are involved in inorganic activities, such as collaborations, in order to development of their goods and services. This is expected to drive growth of the global continuous peripheral nerve block catheter market over the forecast period.

Market players are involved in collaborations, which is expected to drive growth of the global continuous peripheral nerve block catheter market over the forecast period. For instance, in August 2020, B. Braun Medical Inc, an infusion therapy and pain management company and Kerma Medical Products, Inc. a manufacturer of medical products, collaborated to enhance the development and delivery of healthcare goods and services such as nerve block catheter. The companies would work together for product development which include development of nerve block catherter, co-marketing opportunities, strategic sourcing, sustainable manufacturing, and diversity initiatives.

Key players are involved in inorganic activities such as acquisition, which is expected to drive growth of the global continuous peripheral nerve block catheter market over the forecast period.

Increasing number of acquisition of companies by key players is expected to drive growth of the global continuous peripheral nerve block catheter market over the forecast period. For instance, on January 6, 2022, ICU Medical Inc, a developer and manufacturer of medical technologies acquired Smiths Medical, a developer and manufacturer of medical products and medical technologies. After this acquisition company is looking forward to providing quality, innovation, and value to clinical customers worldwide. This grouping allows ICU Medical to improve its competitiveness with larger players and deliver the broad set of offerings demand by customers in infusion therapy such as infusion pumps and software, syringe and ambulatory pumps, peripheral IV catheters etc.

Global Continuous Peripheral Nerve Block Catheter Market – Restraints

Increasing number of product recalls are expected to hamper growth of the global continuous peripheral nerve block catheter market, over the forecast period. For instance, in August 2018, various B. Braun Medical Inc, products such as catheter connector, nerve block sets, epidural catheter sets, epidural catheter tray and epidural sets were recalled from the Canada market because B. Braun had recognized an item imperfection in which there was a possibility that the connector may not stay shut during use. This had driven connector spillage or separation in some cases.

Global Continuous Peripheral Nerve Block Catheter Market – Regional Analysis

On the basis of region, the global continuous peripheral nerve block catheter market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Among regions, North America continuous peripheral nerve block catheter market is expected to hold a dominant position during the forecast period, owing to increase in distribution agreements among channel partners. For instance, on February 22, 2022 InfuSystem, a national health care service provider, United States, announced an agreement with Solo-Dex, a medical device company, for development of continuous peripheral nerve block catheters. InfuSystem together with Solo-Dex are moving development towards the acute pain management market. Solo-Dex’s developing innovation is making anesthesiologist to put nerve block catheters securely and easily. Due to this more patients can accept medication by catheters and recover rapidly without using oral drugs.

Furthermore, Europe is also estimated to witness significant growth in continuous peripheral nerve block catheter market during the forecast period, owing to increasing in highest number of hip and knee surgery. For instance, according to Health Statistics 2021 by Organization for Economic Co-operation and Development (OECD) in 2019, Germany, Switzerland, Austria, Finland and Belgium were among the countries which had high number of knee and hip surgeries. The OECD reported that in these listed five countries on an averages 174 hip replacement per 100 000 population and 137 knee replacement per 100 000 population were done.

Figure 2: Global Continuous Peripheral Nerve Block Catheter Market (US$ Bn), by Region, 2022

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Global Continuous Peripheral Nerve Block Catheter Market – Competitive Landscape

Major players operating in the global continuous peripheral nerve block catheter market include Teleflex Incorporated, Braun Melsungen AG, Lepu Medical Technology Co.,Ltd., Halyard Health, Inc., ACE Medical Devices Pvt. Ltd., Ambu A/S, Epimed International Inc., Avanos Medical, Inc., Epimed, Sarstedt, Pajunk GmbH., Bard Medical, IMEDICOM, Accura Medizintechnik, Henan Tuoren Medical Device, Vygon, Scilex Holding, and ICU Medical, Inc.