The global Continuous Peripheral Nerve Block Catheters market size was valued at US$ 281.4 Million in 2020 and is anticipated to grow at a CAGR of 8.2% during forecast period 2021 to 2030.
Growing geriatric population is translating into staggering orthopedic procedure volume, which in turn is fueling the demand for postoperative pain management solutions. In addition, cPNBs are increasingly replacing other regional anesthesia techniques applicable to major orthopedic surgeries. Growing surgery volume coupled with the soaring need for effective postoperative care is one of the key trends in stoking market growth.
A spiraling number of joint replacements and arthroplasties over the last decade can be attributed to the rising prevalence of osteoarthritis, which is the most common joint disorder. According to the International Association for the Study of Pain, around 10 to 15 % of the total population worldwide suffered from symptomatic osteoarthritis in 2016. Aging cohort and the rising prevalence of osteoarthritis are the major factors responsible for the continual surge in the number of orthopedic surgeries around the world.
CPNB catheters also find application in case of major extremity amputations. Lower extremity amputations, driven by diabetic foot ulceration, form a significant number of cases. According to the International Diabetes Federation, the global diabetes population is estimated to rise from 424.9 million in 2017 to 628.6 million by 2045. The upward trend in the volume of amputations, across the world, is expected to propel the market.
Post-operative discomfort is one of the major problems experienced by patients who have undergone joint replacements or arthroplasties and limb amputations. Around one-third of patients experience moderate-to-severe postoperative pain after ambulatory surgery. Combatting this with the administration of long-acting opioids has been associated with various side effects, such as nausea, vomiting, and disturbance of sleep. In contrast, the use of cPNB catheters for regional anesthesia yields better postsurgical outcomes as well as minimizes side-effects of long-acting opioids. Thus, decreasing preference for opioid use in pain management is responsible for accelerating the overall growth of catheters.
On the basis of the insertion technique, the ultrasound segment held the largest share of 48.2% in the market. This can be attributed to associated advantages including improved block quality, faster and longer block duration, and need for a lower dose of local anesthetic. This technique is being increasingly adopted for pediatric regional anesthesia owing to the lower pain index associated with ultrasound-guided insertion.
On the other hand, the nerve stimulation segment is poised to register a sluggish rate of 1.9% over the forecast period. This being the oldest available technology (after blind advancement) for catheter placement is slowly becoming outdated due to the introduction of new advanced technologies such as ultrasound-guided catheter placement.
Lower extremity surgeries held a larger share in the cPNB catheters market owing to the increasing number of procedures involving the use of these devices. Effective post-operative care along with a rise in lower-limb surgeries has a considerable impact on the overall postoperative outcome in terms of decreased hospital stay, faster mobilization, less postoperative nausea, and lower incidence of readmissions.
cPNB catheters are increasingly being employed for effective pain management in major upper limb surgeries, including total shoulder replacement, rotator cuff repair, and elbow replacements that involve chronic post-operative pain. This trend is causing the upper extremity surgeries segment to expand at a steady rate during the forecast period.
The ambulatory surgical centers segment is likely to witness an exponential growth rate of 7.2% over the forecast period. The advantages of day-care surgery centers include shorter waiting lists, quicker discharge, reduced overall procedural cost, and treatment for a higher number of patients. With healthcare expenditure burden in developed countries and rising awareness regarding the merits of these centers, the number of ASCs is projected to increase. This, in turn, will trigger the uptake of cPNB catheters.
Hospitals held the dominant share of 58.5% in the market. Technologically advanced medical devices are being extensively used in hospitals to deliver better patient care. Treatment in hospitals come with a good amount of reimbursement. Generally, they are the only healthcare providers in developing countries, which lack ambulatory surgical centers.
North America held the largest share and was valued at USD 96.3 million in 2017. This can be attributed to an increasing target population coupled with a growing prevalence of lifestyle-associated diseases, such as diabetes and orthopedic conditions. Other factors contributing to the overall revenue generation are a well-developed reimbursement structure and a growing number of day-care surgery centers.
The Europe region is anticipated to post a noteworthy CAGR of 6.4% over the forecast period. Europe records the highest number of surgeries, which supports the usage of continuous peripheral nerve block catheters to manage postoperative discomfort. The European Society of Regional Anaesthesia & Pain Therapy (ESRA) recommends the use of peripheral nerve blocks for acute postsurgical pain in adults as well as pediatric patients, the latter receiving a higher percentage of cPNBs. Another factor boosting the adoption of these devices is an increase in daycare/ambulatory surgeries across the region.
B. Braun Melsungen AG; Teleflex Incorporated; Halyard Health, Inc.; Pajunk GMBH; and Vygon,
Insertion Technique Outlook
Upper Extremity Surgery
Lower Extremity Surgery
Ambulatory Surgical Centers
The Middle East and Africa
The Continuous Peripheral Nerve Block Catheters market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Continuous Peripheral Nerve Block Catheters market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Continuous Peripheral Nerve Block Catheters market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Continuous Peripheral Nerve Block Catheters market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Continuous Peripheral Nerve Block Catheters market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Continuous Peripheral Nerve Block Catheters capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Continuous Peripheral Nerve Block Catheters by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Continuous Peripheral Nerve Block Catheters market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Continuous Peripheral Nerve Block Catheters market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Continuous Peripheral Nerve Block Catheters market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Continuous Peripheral Nerve Block Catheters industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Continuous Peripheral Nerve Block Catheters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Continuous Peripheral Nerve Block Catheters market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Continuous Peripheral Nerve Block Catheters market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Continuous Peripheral Nerve Block Catheters market. These factors have benefited the growth of the global market for Continuous Peripheral Nerve Block Catheters. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Continuous Peripheral Nerve Block Catheters. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Continuous Peripheral Nerve Block Catheters are as follows:
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- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
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- Market value USD Million and volume Units Million data for each segment and sub-segment
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In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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