Covid-19 Impact & Market Status
The epidemic has caused several healthcare disruptions, which has impacted demand for Epidural Catheters. The pandemic has also caused a huge number of healthcare personnel to become ill, resulting in a drop. However, as people become more conscious of the need of pain management, the market for epidural catheters has grown in popularity.
The global Epidural Catheter market is anticipated to increase at a 4.6% CAGR to reach value US$ 76 million in 2028
This report studies and analyzes all the significant aspects of the global epidural catheter market, emphasizing particularly the role of each aspect in the growth of the global centrifugal compressor market. The key activities influencing the market are reviewed in the report. Also the activities conducted by the leading countries like India, United Arab Emirates, Russian Federation, China, US, France, Germany, and more to stay competitive in the market are highlighted in the report. The main challenges facing the global market along with a detailed explanation on why it is necessary to solve the problem are included in the report.
Healthcare Segment To Remain At Top In The Epidural Catheter Market
Growth of the market for epidural catheters in hospitals is expected to drive the global epidural catheter market during the projected period. This is largely due to the rising incidence of central nervous system illnesses treated with epidural catheters, such as Parkinson's disease, multiple sclerosis, and Alzheimer's disease. The increased frequency of these illnesses is also predicted to increase the need for epidural catheters, stimulating demand. On the other hand, rising awareness of the negative consequences of epidural catheters, such as discomfort, infection, and edoema, is likely to increase demand for epidural catheters.
North America To Lead The Epidural Catheter Market
The epidural catheter market is dominated by North America. North America has the most hospitals, which are also the largest purchasers of epidural catheters. The number of hospitals in the United States is rapidly expanding, which is projected to propel the growth for epidural catheters in the coming days. Furthermore, increased knowledge about the advantages of epidural catheters is likely to help to the region's market growth. The increased frequency of disorders related with the usage of epidural catheters, such as neurogenic bladder and multiple sclerosis, is driving growth in the North American epidural Catheter market.
The growing number of neurosurgeons and neurologists in the United States and Canada is predicted to propel the North American epidural Catheter market. Furthermore, the expanding elderly population is likely to drive the North American epidural Catheter market. These reasons will likely increase the usage of epidural catheters in North America. The existence of strongly penetrated companies in the North American market, on the other hand, is impeding market expansion.
The global epidural catheter market is expected due to as a result of its extensive usage of epidural catheter treatment of pain, which is a driving factor of the epidural catheter market. In addition, the use of epidural catheters for drug administration is predicted to significantly contribute to market growth. This is also attributable to advances in the management of pain and the restoration of nerve injury.
The global epidural catheter market is witnessing tremendous growth as a result of the increasing frequency of spine and joint issues, an ageing population, and a greater knowledge of the benefits of invasive therapies. The growing usage of invasive operations such as knee replacement, spinal fusion surgery, and carotid stenting is fuelling the expansion of the global epidural catheter market.
Epidural catheters are frequently utilised as an adjuvant or alternative to general anaesthesia in surgical, obstetric, and chronic pain settings. Local anaesthetic and other medications can be consistently administered or delivered intermittently through an epidural catheter, blocking pain signals at the nerve root. This technique of administration may reduce unfavourable side effects and hospital duration of stay while preserving or enhancing patient safety.
Moreover, the catheter can be used to administer medications or other medical treatments into the epidural space. In recent years, the epidural catheter has risen in popularity, particularly for treating severe back and neck pain. These factors encourage further adoption of global epidural catheter market. The epidural catheter market is expected to be of worth USD 93 million at a CAGR of 4.7% during 2022-2029.
An epidural catheter is a very small plastic catheter (tube) that is inserted through your skin into your spinal canal's epidural area. This interim catheter is remained in place for a set amount of time, often several days for most forms of postoperative pain and up to six weeks for specific types of chronic pain. The catheter gives access to the epidural area for the administration of pain-relieving medications such as local anaesthetics and/or opioids. Temporary epidural catheters are used for the short-term treatment of painful disorders that necessitate pain management in order to undergo rigorous physical therapy and/or joint movement.
They are also used to do predictive spinal medication trials prior to the deployment of permanent implanted ports or controlled pumps. The sterile materials are put in a chamber, also known as a pressure vessel. It is utilised in industrial and scientific procedures that need higher temperatures and pressures in comparison to the ambient pressure and/or temperature.
To give a more effective and easy therapy for chronic pain, the epidural catheter is occasionally used in combination with other forms of spinal anaesthetics, such as injection or laser. Catheters are put into the patient's spine and transport medicine and fluids into the body via big blood arteries leading to the brain and spinal cord. The catheters are subsequently withdrawn, and the patient is allowed to resume his or her usual activities. For more than a century, epidural catheters have been utilised in a number of procedures, and they are currently employed for a range of ailments, including pain treatment and neurological illnesses.
The presence of several issues is a limiting factor that is expected to stymie the expansion of the epidural catheter market. Anaesthesia is a risk factor for the patient, and anaesthesia is a risk factor for the expense of therapy. Furthermore, anaesthesia might result in issues such as pre- and post-operative discomfort, a longer recovery time, and other adverse effects. For example, anaesthesia may induce nerve damage, necessitating further procedures in the future to treat the nerve damage, limiting the use of epidural catheters.
Market restraints include the high cost of catheters, a lack of understanding regarding pain therapy, and a shortage of competent labour. Key market players are focusing on business growth and investing in R&D to match the market's changing requirements. This is projected to provide the industry a boost in the future years. To meet the industry's changing requirements, key market players are focusing on business expansion and R&D investments.
The key market players in global epidural catheter market are Zhejiang Fert Medical Device, Kimberly-Clark Corporation, Halyard Health, Teleflex Incorporated, Dickinson, Becton, Suru International Private Limited, Hull Anesthesia, Smiths Medical, B Braun, Teleflex, BD, Baxter, VOGT MEDICAL, and B. Braun Medical among others.
Major Developments in The Epidural Catheter Market: A Snapshot
- Guido, a revolutionary kit for epidural anaesthesia developed by Often Medical experts, helps make epidurals safer and more efficient.
Epidural Catheter Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 93 million|
|Growth Rate||CAGR of 4.7 %|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Zhejiang Fert Medical Device, Kimberly-Clark Corporation, Halyard Health, Teleflex Incorporated, Dickinson, Becton, Suru International Private Limited, Hull Anesthesia, Smiths Medical, B Braun, Teleflex, BD, Baxter, VOGT MEDICAL, and B. Braun Medical among others.|
Key Segments of the Global Epidural Catheter Market
Type Overview, 2019-2029 (USD Million)
- Single Dose
End-Users Overview, 2019-2029 (USD Million)
Regional Overview, 2019-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa