The global Catheter Related Blood Stream Infection Market is an essential element in the healthcare industry for its provision of infection-preventing catheters that are used extensively in hospitals and clinics for basic tasks like drug delivery and urine drainage. Catheters help improve patients’ quality of life but insertion and usage are associated with risks of bloodstream infections. This has propelled the demand for advanced quality catheters and related products in the market.
The global Catheter Related Blood Stream Infection Market is estimated to be valued at US$ 1627.61 Mn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increasing innovation towards introducing infection-resistant catheters is one of the major trends observed in the catheter related blood stream infection market. Catheter-associated urinary tract infections are among the most common hospital-acquired infections, which has led manufacturers to focus on developing catheters coated with antimicrobial agents that inhibit the growth of microbes and prevent complications. For instance, catheters impregnated with minerals like silver prevent bacterial colonization and minimize infection risks. Advancements towards developing safer and longer-lasting catheters will continue gaining traction.
SWOT Analysis
Strength: The market is witnessing steady growth due to increasing adoption of advanced technologies that can help reduce bloodstream infections. There is also high demand for safer and more effective solutions.
Weakness: High costs associated with treatment of catheter-related bloodstream infections poses a major challenge. Lack of awareness in some regions also hampers the market growth.
Opportunity: Growing research into development of novel and more targeted therapies provides significant opportunities. Rising healthcare expenditures in developing nations also create new avenues.
Threats: Stringent regulatory framework can delay product approvals. Long duration of clinical trials also threatens timely market entry of new solutions.
Key Takeaways
The Global Catheter Related Blood Stream Infection Market Size is expected to witness high growth. The market size was valued at US$ 1627.61 Mn in 2023 and is anticipated to reach over US$ 2740 Mn by 2030, expanding at a CAGR of around 16% during the forecast period.
Regional analysis
North America currently dominates the market and is expected to maintain its lead over the forecast period. This is attributed to the presence of advanced healthcare infrastructure and greater penetration of state-of-the-art technologies. Asia Pacific exhibits the fastest growth owing to growing awareness, increasing healthcare expenditures, and improving healthcare facilities.
Key players
Key players operating in the Catheter Related Blood Stream Infection market are Air2Water LLC, Ray Agua, Akyo Atmospheric Water Systems Pvt Ltd, Eshara Water, Canadian Dew Technologies Inc, Shenzhen FND Air & Water Technology Development, and Atmospheric Water Solutions, Inc. These companies have significant geographic presence and offer a diverse portfolio of solutions to reduce bloodstream infections associated with catheters.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it