The Epidural Catheter Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Epidural Catheter Global Market Report 2024, The epidural catheter market size has grown exponentially in recent years. It will grow from 8.29 billion in 2023 to $11.45 billion in 2024 at a compound annual growth rate (CAGR) of 38.2%. The growth in the historic period can be attributed to increasing product demand, increasing epidural catheter adoption, increasing in the number of births per woman, and increasing prevalence of diseases.
The epidural catheter market size is expected to see exponential growth in the next few years. It will grow to $42.22 billion in 2028 at a compound annual growth rate (CAGR) of 38.6%. The growth in the forecast period can be attributed to increasing number of cardiovascular diseases, increasing number of healthcare sectors, rising incidence of chronic pain, growing prevalence of labor complications, increasing use of single-dose epidurals. Major trends in the forecast period include increasing product innovations, advanced healthcare infrastructure, technological innovations, and partnerships.
The growing number of surgeries is expected to propel the growth of epidural catheters going forward. Surgeries are medical procedures where doctors use tools to treat injuries or illnesses by making cuts in the body to assess and fix problems. The increasing number of surgeries can be attributed to several factors, such as advancements in medical technology, greater awareness and access to healthcare, an aging population with more complex health needs, and evolving surgical techniques that allow for safer and more effective treatments. Epidural catheters offer targeted, adjustable pain relief, significantly improving surgical outcomes and patient comfort. The catheter allows for continuous infusion or patient-controlled analgesia, giving surgeons and patients flexible options for managing pain based on individual needs. For instance, in April 2022, according to a report published by the Aesthetic Society, a US-based organization, the average plastic surgeon performed 320 surgical procedures in 2021, compared with 220 in 2020. Therefore, the growing number of surgeries drives the epidural catheter market.
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The epidural catheter market covered in this report is segmented –
1) By Type: Continuous Epidural Catheter, Single Dose Epidural Catheter
2) By Material: Polyurethane, Silicon, Latex
3) By Application: Hospitals, Clinics, Other Applications
4) By End User: Adults, Pediatric, Geriatric
Major companies operating in the epidural catheters market are focused on investing in producing epidural catheters to provide enhanced biocompatibility, improved design for ease of insertion, and technologies aimed at reducing the risk of complications. These advancements are driven by the increasing demand for safer and more effective pain management solutions in various medical fields, including anesthesiology and chronic pain management. For instance, in May 2023, Oakville Medical, a Canada-based medical company, received support from Canadian Hospital Specialties Limited, a Canada-based hospital with a $775,000 financial boost from the province’s Ontario Together Fund, investing over $1.5 million to produce the epidural catheters which are used predominantly during childbirth to inject medications for pain relief. This funding is part of a larger investment of over $1.5 million to expand CHS’s manufacturing capabilities, particularly for producing epidural catheters.
The epidural catheter market report table of contents includes:
1. Executive Summary
2. Epidural Catheter Market Characteristics
3. Epidural Catheter Market Trends And Strategies
4. Epidural Catheter Market – Macro Economic Scenario
5. Global Epidural Catheter Market Size and Growth
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32. Global Epidural Catheter Market Competitive Benchmarking
33. Global Epidural Catheter Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Epidural Catheter Market
35. Epidural Catheter Market Future Outlook and Potential Analysis
36. Appendix
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