Global Echogenic Catheters Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Health providers use echogenic catheters to improve visibility in a number of ultrasound-guided catheterizations. Echogenic catheters are designed to maximize visibility. Some catheters feature a needle that includes etched imprints on the needle tip that reflects ultrasound for brighter visualization. Catheter tips can be purposely directed to an exact location without needing to thread. Once the catheter is in the physician’s desired location, the needle can be removed easily.
Market Overview:The latest research study on the global Echogenic Catheters market finds that the global Echogenic Catheters market reached a value of USD 215.3 million in 2022. It’s expected that the market will achieve USD 339.8 million by 2028, exhibiting a CAGR of 7.9% during the forecast period.
Influence of COVID-19 Outbreak on Echogenic Catheters Industry Development
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.
For the Echogenic Catheters industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.
Impact of Russia and Ukraine War
Conflict destroys access to basic services such as food and water, forcing people into extreme poverty, with the poorest and most vulnerable paying the highest price. Apart from taking lives and destroying infrastructure in a short period of time, conflicts and their consequences are far-reaching and lasting, reversing the progress in achieving global goals. The current humanitarian crisis in Ukraine may be the current focus, but there are many conflicts happening all over the world, which deserve the same support and sympathy.
According to Statista, Russia is the third largest oil producer in the world. It produces about 1 barrel (12%) out of every 10 barrels (12%) of oil in the world, and supplies about 43% of additional natural gas imports in Europe in 2020. Although Western sanctions have so far allowed fossil fuels from Russia to continue to flow, the conflict has led to a sharp rise in prices due to concerns about the availability of supplies in the coming months. The high cost of oil and natural gas will make the energy cost of key manufacturing processes more expensive, and drive global inflationary pressure. The Russian-Ukrainian conflict will affect the manufacturing and production of Echogenic Catheters industry.
Market expansion in developed countries drives the development of the industry
In developed markets, there are more international companies, good channels, high market maturity, fierce competition among industries, and market expansion among enterprises through mergers and acquisitions. The company's high-quality management team, technical and financial advantages, continuous innovation, highlighting the large investment of market participants in R&D, the introduction of new technologies, the company's product development and innovation, created the company's brand effect, and improved its international popularity. However, unawareness towards the procedure in some developing countries is the factor limiting the growth of the global echogenic catheters market. With the rapid development of various industries in Europe and North America, the Echogenic Catheters industry is supported by strong economy and technology. Major manufacturers are located in Europe and North America. These enterprises have certain brand influence and occupy a large market share. These factors will provide opportunities for the expansion of the Echogenic Catheters market in Europe and North America.
The medical devices industry is subject to the supervision and restriction of national laws and regulations.
The medical devices industry is subject to the supervision and restriction of national laws and regulations. To sell medical device products in different countries, enterprises need to obtain the approval of relevant regulatory authorities. For example, a key part of obtaining approval from the US Food and Drug Administration (FDA) is the classification of medical devices. Class II classification is applicable to high-risk medical devices, such as catheters, electrocardiographs, syringes, etc. The process of bringing class II medical devices to market is more complicated and time-consuming than class I medical devices. This is because, generally speaking, Class II medical device products need to go through FDA's pre-marketing notification application process. The law regulates and guides the operation of enterprises, thus promoting the long-term development of enterprises. Different countries and regions have different laws, so enterprises need to study the relevant laws in order to better adapt to the development of the industry.
Region Overview:In global comparison, a significant portion of the revenue was generated in North America (51.43% in 2022).
Company Overview:B Braun is one of the major players operating in the Echogenic Catheters market, holding a share of 45.33% in 2023.
B Braun
B. Braun is a German medical and pharmaceutical device company, which currently has more than 63,000 employees globally, and offices and production facilities in more than 60 countries. Its headquarters are located in Melsungen, in central Germany. The company was founded in 1839 and is still owned by the Braun family.
Teleflex
Teleflex is a global provider of medical technologies designed to improve the health and quality of people’s lives. Portfolio is diverse, with solutions in the fields of vascular and interventional access, surgical, anesthesia, cardiac care, urology, emergency medicine and respiratory care. Teleflex is the home of Arrow®, Deknatel®, LMA®, Pilling®, QuikClot®, Rüsch®, UroLift® and Weck®.
Segmentation Overview:By type, Ultrasound-Guided Continuous Peripheral Nerve Blocks segment accounted for the largest share of market in 2022.
Embryo Transfer
Echogenic catheters have been used for ultrasound-guided embryo transfer in in vitro fertilization programs.
Ultrasound-Guided Continuous Peripheral Nerve Blocks
Echogenic catheter-over-needle systems can be used for continuous nerve block.
Application Overview:By application, the Hospitals segment occupied the biggest share from 2018 to 2022.
Key Companies in the global Echogenic Catheters market covered in Chapter 3:B Braun
ICU Medical
Argon Medical Devices
Pajunk GmbH
Teleflex
Cook Medical
Epimed
In Chapter 4 and Chapter 14.2, on the basis of types, the Echogenic Catheters market from 2018 to 2029 is primarily split into:Embryo Transfer
Ultrasound-Guided Continuous Peripheral Nerve Blocks
Others
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Echogenic Catheters market from 2018 to 2029 covers:Hospitals
Ambulatory Surgical Centers
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)