Umbilical Vessel Catheters Market by Type and Geography - Forecast and Analysis 2022-2026

The umbilical vessel catheters market share is expected to increase by USD 600.23 million from 2021 to 2026, at a CAGR of 7.4%.

This umbilical vessel catheters market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers umbilical vessel catheters market segmentation by type (umbilical artery catheters and umbilical vein catheters) and geography (North America, Europe, Asia, and Rest of World (ROW)). The umbilical vessel catheters market report also offers information on several market vendors, including Advin Health Care, ANGIPLAST Pvt. Ltd., Avanos Medical Inc., B. Braun Melsungen AG, Cardinal Health Inc., DEVPARV SURGICO, Hangzhou Fushan Medical Appliances Co. Ltd., Insung Medical Co. Ltd., Medtronic Plc, Neotech Products LLC, Poly Medicure Ltd., Ribbel International Ltd., Romsons, Shree Umiya Surgical Pvt. Ltd., Sterimed Group, Suru International Pvt. Ltd., Teleflex Inc., Utah Medical Products Inc., and Vygon SAS among others.

What will the Umbilical Vessel Catheters Market Size be During the Forecast Period?

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Umbilical Vessel Catheters Market: Key Drivers, Trends, and Challenges

The rising incidence of preterm births is notably driving the umbilical vessel catheters market growth, although factors such as lack of skilled nurses and advanced infrastructure in developing countries may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the umbilical vessel catheters industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Umbilical Vessel Catheters Market Driver

One of the key factors driving growth in the umbilical vessel catheters market is the rising incidence of preterm births. Preterm birth or premature birth is the birth of the baby before completing 37 weeks of gestation. This condition usually occurs due to factors such as an interval of six months between pregnancies, conceiving through in-vitro fertilization (IVF), infections in the amniotic fluid and the lower genital tract, multiple miscarriages or abortions, multiple pregnancies, and the existence of chronic conditions such as diabetes and high blood pressure during delivery. Approximately 15 million babies are born preterm annually worldwide, with one million babies dying due to premature birth. In low-income countries, such as the Central African Republic and Uganda, the mortality rate among preterm babies is high due to the lack of proper and cost-effective maternal care facilities, including breastfeeding support, as well as basic healthcare for neonates with infections and breathing difficulties. Considering all these factors, the growing incidence of preterm births will drive the growth of the global umbilical vessel catheters market during the forecast period.

Key Umbilical Vessel Catheters Market Trend

The advances in umbilical vessel catheters and new products is an umbilical vessel catheters market trend that is expected to have a positive impact in the coming years. Market vendors are introducing innovative new products to offer better treatment to infants. Vygon offers Surfcath, a specially designed catheter to deliver life-saving surfactants to premature babies. Surfcath offers several special features to ensure that the treatment is delivered safely, effectively, and more accurately. Similarly, Cardinal Health offers Argyle Umbilical Venous Catheters, which reduces the need for painful venipunctures and provides double or triple access using a single lumen catheter. This product allows simultaneous therapies to be delivered from one device. Such innovative products will drive the growth of the market in focus during the forecast period.

Key Umbilical Vessel Catheters Market Challenge

The lack of skilled nurses and advanced infrastructure in developing countries will be a major challenge for the umbilical vessel catheters market during the forecast period. Umbilical vessel catheters need to be handled properly to avert infant discomfort, disruptions in the delivery of needed nutrients and medications, and device-related complications. Hence, skilled technicians, especially nurses, are needed for critical patients in Neonatal Intensive Care Units (NICUs) or Intensive care units (ICUs). The lack of skilled and trained professionals in the healthcare industry, especially in developing countries, is a major limiting factor for the use of umbilical vessel catheters, which impacts the sales of products negatively. The lack of trained nurses and awareness among healthcare professionals regarding the safety issues hinders the growth of the global umbilical vessel catheters market. The healthcare system in developing countries lacks adequate resources. Developing countries, such as South Africa, Colombia, Turkey, and Mexico, face a shortage of skilled nurses. Such factors will hamper market growth.

This umbilical vessel catheters market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global umbilical vessel catheters market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the umbilical vessel catheters market during the forecast period.

Who are the Major Umbilical Vessel Catheters Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Advin Health Care
• ANGIPLAST Pvt. Ltd.
• Avanos Medical Inc.
• B. Braun Melsungen AG
• Cardinal Health Inc.
• DEVPARV SURGICO
• Hangzhou Fushan Medical Appliances Co. Ltd.
• Insung Medical Co. Ltd.
• Medtronic Plc
• Neotech Products LLC
• Poly Medicure Ltd.
• Ribbel International Ltd.
• Romsons
• Shree Umiya Surgical Pvt. Ltd.
• Sterimed Group
• Suru International Pvt. Ltd.
• Teleflex Inc.
• Utah Medical Products Inc.
• Vygon SAS

 

This statistical study of the umbilical vessel catheters market encompasses successful business strategies deployed by the key vendors. The umbilical vessel catheters market is fragmented and the vendors are deploying growth strategies such as investing a significant share of their capital in product R and D and adopt organic growth strategies to bring about considerable differentiation in their products to compete in the market.

Product Insights and News

• Advin Health Care - Advin Health Care is a privately held company headquartered in India. It is a regional company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global umbilical vessel catheters market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.

• Advin Health Care - The company offers umbilical vessel catheters products such as Umbilical Artery Catheter and Umbilical Vein Catheter.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The umbilical vessel catheters market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Umbilical Vessel Catheters Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the umbilical vessel catheters market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Umbilical Vessel Catheters Market?

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40% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for umbilical vessel catheters in North America. Market growth in this region will be slower than the growth of the market in the European and Asian regions.

The significant rise in the number of premature births, owing to psychological strain and stress from an ever-changing lifestyle will facilitate the umbilical vessel catheters market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic in 2020 triggered a major economic recession globally, besides having a negative impact on society and affecting millions of people and businesses. However, as the treatment of premature/preterm infants has been considered highly critical, it was not majorly impacted by the intense focus on treating COVID-19 patients. Moreover, in 2021, with the initiation of mass COVID-19 vaccination drives in North American countries, many commercial and business activities, including in the market in focus, started returning to normal, and the market is expected to grow during the forecast period.

What are the Revenue-generating Type Segments in the Umbilical Vessel Catheters Market?

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The umbilical vessel catheters market share growth by the umbilical artery catheters segment will be significant during the forecast period. The incidence of premature births is rising in many countries, particularly in low- and middle-income countries, especially those in Southeast Asia and sub-Saharan Africa. This happens basically due to the lack of adequate neonatal care in many low-income and middle-income countries. Thus, the rising number of premature babies will drive the demand for UACs during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the umbilical vessel catheters market size and actionable market insights on post COVID-19 impact on each segment.

 

Umbilical Vessel Catheters Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 7.4%
Market growth 2022-2026	$ 600.23 million
Market structure	Fragmented
YoY growth (%)	9.97
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 40%
Key consumer countries	US, Canada, UK, Germany, and China
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Advin Health Care, ANGIPLAST Pvt. Ltd., Avanos Medical Inc., B. Braun Melsungen AG, Cardinal Health Inc., DEVPARV SURGICO, Hangzhou Fushan Medical Appliances Co. Ltd., Insung Medical Co. Ltd., Medtronic Plc, Neotech Products LLC, Poly Medicure Ltd., Ribbel International Ltd., Romsons, Shree Umiya Surgical Pvt. Ltd., Sterimed Group, Suru International Pvt. Ltd., Teleflex Inc., Utah Medical Products Inc., and Vygon SAS
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Umbilical Vessel Catheters Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive umbilical vessel catheters market growth during the next five years
• Precise estimation of the umbilical vessel catheters market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the umbilical vessel catheters industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of umbilical vessel catheters market vendors

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