Global Continuous Peripheral Nerve Block Catheter Market, by Product Type (Stimulating Catheter (Open Tip Catheter Stimulating Catheter, Closed Tip Catheter Stimulating Catheter), Non-Stimulating Catheter, (Open Tip Catheter Non-Stimulating Catheter, Closed Tip Catheter Non-Stimulating Catheter), (Over-The-Needle Catheter)) by Insertion Technique (Ultrasound, Nerve Stimulation), by Indication (Trauma Cases, Upper Extremity Surgeries, Lower Extremity Surgeries, Pain Management, Other), by End User, (Hospitals, Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 536.2 million in 2022 and is expected to exhibit a CAGR of 6.2% during the forecast period (2022-2030).
Increasing number of knee replacement surgeries is anticipated to drive growth of the global continuous peripheral nerve block catheter market in the forecast period. For instance, according to The Center Orthopedic and Neurosurgical Care and Research, in U.S. the number of total knee replacement surgeries is expected to increase about 3.5 million annually, by 2030. Knee surgery is expected to increase the use of nerve block catheter to reduce and manage the pain after surgery.
Market players are involved in launching new products in market, in order to increase their product portfolio. This is expected to drive growth of the global continuous peripheral nerve block catheter market. For instance, on June 13, 2022, Teleflex Incorporated, a provider of medical technologies, launchedan Arrow Pressure Injectable Midline Catheter in Australia and New Zealand. This product was launched to increase the Midline portfolio and to fulfil the expanded needs of clinicians. Arrow Pressure Injectable Midline, has bright yellow colored hubs and labelling, which would help doctors in avoiding catheter identification mistakes.
Growing cases of fragility fractures in old age is expected to drive growth of the global continuous peripheral nerve block catheter market over the forecast period. For instance, in April 2020, according to National Center for Biotechnology Information data, it was predicted that total fragility fractures in European Union plus Sweden would increase from 2.7 million in 2017 to 3.3 million in 2030. Use of peripheral nerve block catheter is suggested to patients by doctors to reduce the pain, which would drive market of continuous peripheral nerve block catheter.
Global Continuous Peripheral Nerve Block Catheter Market - Impact of Coronavirus (COVID – 19) Pandemic
The coronavirus disease (COVID-19) pandemic is expected to hamper growth of the global continuous peripheral nerve block catheter market. COVID-19 is the recent pandemic outbreak, which was first reported on December 31, 2019 in Wuhan, China. The World Health Organization declared coronavirus disease (COVID-19) as a pandemic on March 11, 2020. According to the World Health Organization (WHO) Weekly epidemiological update on COVID-19, the number of new cases are increasing after July 20, 2022. Therefore, as of July 20, 2022, around 565 million cases and over 6.37 million deaths have been reported.
Increment in chronic pain in adult population is expected to drive growth of the global continuous peripheral nerve block catheter market over the forecast period. For instance, in 2019, according to Centers for Disease Control and Prevention data 20.4% of adults had chronic pain in U.S. Chronic pain increases with the age. For management and treatment of chronic pain peripheral nerve block catheters are used by the patients mostly above the age of 65. Old age people find it difficult to take oral drugs for pain and taking oral pain killers takes long time for recovery from pain. By using peripheral nerve block catheter for managing chronic pain, helps in fast recovery and decrease the use of oral drugs.
Browse 44 Market Data Tables and 58 Figures spread through 420 Pages and in-depth TOC on Global Continuous Peripheral Nerve Block Catheter Market, By Product Type (Stimulating Catheter (Open Tip Catheter Stimulating Catheter, Closed Tip Catheter Stimulating Catheter), Non-Stimulating Catheter, (Open Tip Catheter Non-Stimulating Catheter, Closed Tip Catheter Non-Stimulating Catheter), (Over-The-Needle Catheter)) By Insertion Technique (Ultrasound, Nerve Stimulation), By Indication (Trauma Cases, Upper Extremity Surgeries, Lower Extremity Surgeries, Pain Management, Other), By End User, (Hospitals, Ambulatory Surgical Centers) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
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Increasing research towards the use of continuous peripheral nerve block for managing the pain is expected to drive the growth of the global continuous peripheral nerve block catheter market growth over the forecast period. For instance. In December 2021, according to National Center for Biotechnology Information’s research data the extended use of continuous peripheral nerve block resulted in decrease in postoperative pain and reduce the use of opioid after surgery. There is increase in patient satisfaction after the use of continuous peripheral nerve block catheter.
Key Takeaways of the Global Continuous Peripheral Nerve Block Catheter Market:
- Global continuous peripheral nerve block catheter market is expected to exhibit a CAGR of 6.2% over the forecast period (2022-2030), owing to growth in potential markets, especially in Europe. While North America accounted for the major market share
- New insurance coverage policies, for the use of continuous peripheral nerve blocks catheter is expected to drive the growth of the global continuous peripheral nerve block catheter market growth over the forecast period. For instance, in April 2021, AmeriHealth Caritus reviewed and updated the policy, which covers the use of continuous peripheral nerve block catheter for the treatment of chronic pain, hyperhidroses, nerve injuries, trauma, etc. Low income people can easily afford the treatment as insurance agencies are making policies for the use of continuous peripheral nerve block catheter, which is expected to drive the growth of market growth of continuous peripheral nerve block catheter.
- 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.
