CONTINUOUS PERIPHERAL NERVE BLOCK CATHETER MARKET ANALYSIS

Market Challenges And Opportunities

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.

Gives better rest to patient following a medical procedure

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.