Continuous Peripheral Nerve Block Catheter MarketSize and Trends

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

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.

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