Umbilical Vessel Catheters Market 2022 Outlook, Current and Future Industry Landscape Analysis 2027

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Umbilical Vessel Catheters Infection Market: Drivers and Restraints

The increase in the number of premature deliveries throughout the globe and rise in the number of neonatal care center are the primary factors driving the growth of umbilical vessel catheter market. The umbilical cord has no pain receptor, therefore insertion of umbilical vessel catheter is not painful for the neonatal. Moreover, umbilical vessel catheter requires fewer needle sticks during the treatment. This factors will increase the demand of umbilical vessel catheter for the treatment of premature neonatal. The increased focus of medical devices manufacturers for the research and development on the neonatal products will boost the growth of this market. Continuous blood pressure monitoring and sample collection of blood gases can be done easily by using the umbilical vesselcatheter which will again upsurge the demand for this market. The risk of infection and blood clotting during the treatment by using umbilical vessel catheter will sluggish the growth of this market. Besides that lack of skilled professionals to handle umbilical vessel catheters and high cost of product will hamper the growth of this market over the forecast period.

Umbilical Vessel Catheters Market: Overview

The umbilical vessel catheter market is expected show exponential growth due to rise in healthcare expenditure for neonatal care. According to WHO, 15 million babies are born prematurely every year and this number tends to increase over the forecast period. WHO also stated that three-quarter of prematurely born babies have been saved in 2016 by using cost effective intervention. The umbilical vessel market is segmented on the basis of product type and end user. Based on the end user, umbilical vessel catheter is classified as umbilical artery catheter and umbilical venous catheter. Both umbilical venous catheter and umbilical artery catheter are expected to gain nearly equal market share. Based on end user umbilical vessel catheters market is classified as hospitals and neonatal care center. Among all end, user hospital is expected to gain maximum market share over the forecast period.

Umbilical Vessel Catheters Market: Regional Overview

Based on geographic region Umbilical Vessel Catheters market is classified into seven key regions, North, America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, Middle East and Africa. The APEJ region is expected gain maximum market share due high number of premature birth in India and China. North America is the second most lucrative region umbilical vessel catheters market owing to rise in number of neonatal care center and favorable reimbursements scenario. After North America, this market is then followed by Western Europe and Japan. The Middle East & Africa region is the least lucrative market for umbilical vessel catheter due to lack of awareness among the people and less healthcare infrastructure.

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Umbilical Vessel Catheters Market: Key Players

Examples of some of the market participants in umbilical vessel catheters market identified across the value chain include Medtronic PLC, Vygon SA, Neotech Products, Anthelio Healthcare Solutions Inc., SURU International Pvt. Ltd., Utah Medical Products, Inc., Centurion Medical Products., and  Hummingbird Medical.

The report covers exhaust analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, Rest Of MEA)

The global Umbilical Vessel Catheters market is classified on the basis of product type, end user and geographic region.