Umbilical Vessel Catheters Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Umbilical Vessel Catheters Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The placenta is the link between mother and baby during pregnancy. Two arteries and one vein in the umbilical cord carry blood back and forth. If the newborn baby is ill right after birth, a catheter may be placed. Due to increasing premature births, probability of baby being born unhealthy is also increasing. Moreover, the neonatal care is being advocated by governments globally and hence is increasing. These factors have resulted in growth of the umbilical vessel catheter market.

Key Market TrendsUmbilical Venous Catheter (UVC) is expected to register high growth in the forecast period

An UVC allows fluids and medicines to be given without frequently replacing an intravenous (IV) line. An UVC is used when the baby is very premature, has bowel problems that prevent feeding, needs very strong medicines or needs exchange transfusion.

The demand for UVC is expected to rise due to increasing preterm births even is more developed part of the world. As per Center for Diseases Control and Prevention 2018 data, the total preterm births rates have been increasing gradually over the years in the United States of America (US). The data observed that this rate was 9.57 in 2014 which increased to 9.85 in 2016 in the US. Rise in preterm births will require neonatal care, for which UVC is a vital instrument. Hence, the market for UVC is expected to grow.

North America dominates the market

The United States (US) and Canada have a developed and well-structured health care system. These systems also encourage research and development. These policies encourage global players to enter the US and Canada. As a result, these countries enjoy the presence of many global market players.

Moreover, the demand for Umbilical Vessel Catheters is high in the region due to high and increasing preterm births. As per a 2019 article in Canadian Institutes of Health Research, preterm births in Canada have increased by 20% during the past two decades. In Mexico as well, nearly 200,000 babies are born prematurely, as per 2017 data by Ministry of Health in Mexico. These factors have been driving the market growth in the region.

Competitive Landscape

Majority of the Umbilical Vessel Catheters are being manufactured by the global key players. Market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise of awareness. This has also helped the market growth.

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Companies Mentioned
 
AGRANA Beteiligungs AG
Biome Bioplastics Limited
BIOTEC
Cardia Bioplastics
Novamont SpA
Kuraray Co. Ltd (Plantic)
Rodenburg Biopolymers
Wittenburg Group

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