Epidural Catheter Market REPORT OVERVIEW
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The global epidural catheter market size was USD 5800 million in 2022 and market is projected to touch USD 86980 million by 2031, at a CAGR of 4.6% during the forecast period.
An epidural catheter is an exemplary plastic catheter (tube). This plastic tube is placed through the skin into the epidural space in human body spine. It allows access to the epidural space to inject medications such as local anesthetics or narcotics to relief pain. The temporary catheter is placed on left side for a defined period of time. It is used for short-term treatment during painful conditions. Further, it is also used for trials of spinal medications. Also, prior placement of permanently implanted ports. It includes sets of epidural catheters, other anesthesia accessories, and epidural anesthesia needles.
increasing number of cardiovascular diseases is expected to accelerate market growth. Rising health awareness among population is projected to boost product demand. Further, increasing incidences of diabetes is expected to drive growth of the epidural market. The increasing number of surgeries globally is anticipated to increase market growth. In addition, growing preference for epidural catheters by pregnant woman for safe birth delivery is expected to drive product demand. increased use of the technology in hospitals and clinics, is driving growth of epidural catheter market globally.
COVID 19 Impact: Lockdown Restrictions Impacted Production Activities
The outbreak of the COVID 19 virus had spread to almost every country. World Health Organization declared it is a public health emergency. The market witnessed a decline in the supply chain and production activity. growing demand for health awareness during the pandemic accelerated market growth. Diabetic and respiratory patients during the pandemic globally boosted the product adoption. Further, rising adoption of strategies by key players is expected to increase product demand.
On the contrary, stringent lockdown regulations globally resulted in disruptions in export and import activities of an epidural catheter.
LATEST TRENDS
"Increasing Demand for Secure Childbirth to Accelerate Market Growth"
Increasing demand for secure and effective delivery is expected to augment market growth. Maternal exhaustion during labor, unacceptable pain, and pre-eclampsia is anticipated to boost the adoption of plastic catheter (tube). Professionals prefer adoption of epidural catheter during prolonged labor and difficulty in forceps delivery. Further, it is injected during high pain. This plastic catheter control movement in any part of the body. It is an excellent choice for healthcare professionals. In addition, it is easy to operate and takes a bit more practice than spinal anesthesia. These factors are projected to drive epidural catheter market growth during the forecast period.
Epidural Catheter Market SEGMENTATION
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- By Type
Based on type, the market is divided into continuous epidural catheter and single dose epidural catheter.
Continuous Epidural Catheter is the leading part of segmentation type.
- By Application
Based on the application, the market is divided into hospitals, clinics, and others.
Hospitals is the leading part of segmentation application.
DRIVING FACTORS
"Increasing Surgical Procedures to Incite Market Growth "
Increasing number of cardiovascular diseases is expected to accelerate market growth. High healthcare awareness among the population is anticipated to increase market growth. Further, growing number of hospitals and clinics are expected to increase epidural catheter adoption. Rapid technological advancements are expected to boost healthy growth rate of the treatment during the forecast period. Increasing number of operative surgeries is expected to propel growth of the market. growing demand for secure and effective surgery is expected to boost market growth. Growing promotional incentives by the government is expected to experience gradual growth during the forecast period.
"Growing Demand for Pain Relief Surgery to Foster Market Growth "
The increasing incidences of chronic diseases globally are expected to boost market growth. An epidural catheter is adopted to perform multiple surgical and non-surgical procedures. Further, during surgery, reducing the risk of infections in patients is expected to accelerate catheter demand. increasing uses of anesthesia disposables are expected to drive market growth during the forecast period. Various neurological disorders, cardiovascular disorders, chronicle aspiratory diseases (CRD), cancer, and infectious diseases have been leading causes of death globally is boosting market growth. Rising awareness about latest technologies in healthcare sector is predicted to drive market growth during the forecast period.
RESTRAINING FACTORS
"Lack of Availability of the Product May Hinder Market Growth "
Epidural catheter has some side effects such as low blood pressure, headaches, itchiness, loss of bladder control, and nerve damage. These factors are expected to hinder market growth during the forecast period. Death rate due to anesthesia may hamper the product demand among patients. Lack of availability of the treatment in rural areas can restrict market growth.
Epidural Catheter Market REGIONAL INSIGHTS
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North America is expected to dominate epidural catheter market share due to rising adoption of cardiovascular treatments in the healthcare sector. Availability of advanced technology as well as doctors in the healthcare sector is expected to boost the adoption of epidural catheter. Further, major key players' introducing a wide variety of spinal epidurals are expected to drive market growth. In addition, growing healthcare sector and rising demand for chronic diseases are expected to propel market growth.
Asia Pacific is expected to witness considerable growth due to improvement of hospital infrastructure and other healthcare sector. Growing investments by major key players in the region is predicted to drive product demand. Further, growing demand for pain relief during child birth is expected to drive market growth.
Europe is predicted to show significant growth due to increasing number of healthcare sectors. Further, pregnant women's demand for pain relief delivery is projected to drive the market growth during the forecast period.
KEY INDUSTRY PLAYERS
"Leading Players Adopted New Product Launch Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- BD (U.S.)
- Smiths Medical, Inc. (U.S.)
- Teleflex (U.S.)
- B. Braun (Germany)
INDUSTRIAL DEVELOPMENT
April 2018 - B. Braun Medical Inc. introduced its first FDA-approved local anesthetic for spinal anesthesia. The new launch is Clorotekal (chloroprocaine hydrochloride). It was introduced during American Society of Regional Anesthesia (ASRA) and Acute Pain Medicine’s during 43rd annual conference.
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 5800 Million in 2022 |
Market Size Value By |
US$ 86980 Million by 2031 |
Growth Rate |
CAGR of 4.6% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the epidural catheter market expected to touch by 2031?
The global epidural catheter market is expected to reach USD 86980 million by 2031.
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What CAGR is the epidural catheter market expected to exhibit by 2031?
The epidural catheter market is expected to exhibit a CAGR of 4.6% by 2031.
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Which are the driving factors of the epidural catheter market?
Drivers of this epidural catheter market are increasing surgical procedures and growing demand for pain relief surgery.
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Which are the top companies operating in the epidural catheter market?
The top companies operating in the epidural catheter market include BD, Smiths Medical, Teleflex, and Braun.