Continuous Peripheral Nerve Block Catheter Market Size Is Expected to Reach USD 740.7 Million at a CAGR of 6.5% By 2027 | Finds, Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

A nerve block can be defined as injection of local anesthetic adjoining specific nerves, which is administered for pain management during and after surgery. It is utilized during surgery on the shoulder, elbow, forearm, wrist, hand, fingers, knee, leg, ankle, or foot.

Statistics:

Among regions, North America is expected to hold dominant position in the global continuous peripheral nerve block market in 2019, and is expected to account for 42.9% market share in terms of value, followed by Europe.

Get Sample PDF (Including COVID-19 Impact Analysis, Full TOC, Tables and Figures) of Continuous Peripheral Nerve Block Catheter, https://www.coherentmarketinsights.com/insight/request-pdf/3399

Global Continuous Peripheral Nerve Block Catheter Market: Drivers

The increasing number of total knee replacement surgeries is expected to propel growth of the global continuous peripheral nerve block catheter market over the forecast period. For instance, according to the American Academy of Orthopedic Surgeons, by 2030, primary total joint replacement is estimated to increase by 171% and primary total knee replacement is expected to increase by up to 189%, for a projected 635,000 and 1.28 million procedures, respectively, in the U.S.

Global Continuous Peripheral Nerve Block Catheter Market: Opportunities 

Moreover, increasing prevalence of osteoarthritis (OA) is driving demand for joint replacement procedures, which is expected to boost growth of the market over the forecast period. For instance,  according to the study ‘Osteoarthritis in Europe: Impact on health status, work productivity and use of pharmacotherapies in five European countries’ that examined the impact of peripheral joint osteoarthritis across five European countries, UK (43.6%), France, (25.6%), Germany, (15.2%), Spain, (8.4%), and Italy (7.1%) recorded high prevalence of peripheral joint osteoarthritis, with majority of cases aging 55-74 years.

Global Continuous Peripheral Nerve Block Catheter Market: Restraints

However, lower accuracy and precession of CPNBC for nerve stimulation-based insertion is the factor that is expected to hamper growth of the market over the forecast period. Moreover, in CPNBC, vascular puncture is common and may result in significant bleeding, localized inflammation, local infection, and abscess formation.

Browse Press Release: https://www.coherentmarketinsights.com/press-release/continuous-peripheral-nerve-block-catheter-market-2762

Key Takeaways:

Among product type, non-stimulating catheter segment in the global continuous peripheral nerve block catheter market is estimated to be valued at US$ 260.2 Mn in 2019 and is expected to reach US$ 430.1 by 2027 exhibiting a CAGR of 6.5% over the forecast period. The growth of the segment is attributed to rising number of knee replacement surgeries in emerging and developed economies over the forecast period.

Moreover, nerve stimulation segment, among product, is expected to hold dominant position in the global continuous peripheral nerve block catheter market in 2019, accounting for 62.0% share in terms of value, over the forecasted period. The growth of the segment is attributed to increasing prevalence of osteoarthritis (OA), globally.

Market Trends

CPNBC are majorly with disposable infusion pumps for post-operative pain management at home. These pumps are available in different sizes and contain analgesic drug that infuses through the catheter.

Peripheral nerve block catheter is recommended after orthopedic surgeries such as arthroplasty procedures of hip, knee and shoulder joint. CPNBC are also used along with CPM (Continuous Passive Motion) after a major orthopedic surgery to regain range of motion.

Global Continuous Peripheral Nerve Block Catheter Market: Competitive Landscape

Key players operating in the global continuous peripheral nerve block catheter market include B. Braun Melsungen AG, Halyard Health, Inc., Ambu A/S, Epimed International Inc., Teleflex Incorporated, and Pajunk GmbH

Global Continuous Peripheral Nerve Block Catheter Market: Key Developments

Major players in the market are also focusing on mergers and acquisitions to expand their product portfolio. For instance, in October 2018, Teleflex Incorporated acquired Essential Medical, a privately-held medical device company.

Apply Promo Code “CMIFIRST1000” And Get Instant Discount Of USD 1000
Buy Now This Premium Report to Grow your Business @ https://www.coherentmarketinsights.com/insight/buy-now/3399

Segmentation

• Continuous Peripheral Nerve Block Catheter Market, By Product Type:
  • Stimulating Catheter
    • Open Tip
    • Closed Tip
  • Non-stimulating Catheter
    • Open Tip
    • Closed Tip
  • Over-the-needle Catheter
• Continuous Peripheral Nerve Block Catheter Market, By Insertion Technique:
  • Nerve Stimulation
  • Ultrasound
• Continuous Peripheral Nerve Block Catheter Market, By Indication:
  • Trauma Cases
  • Upper Extremity Surgeries
  • Lower Extremity Surgeries
  • Pain Management
  • Other Indications
• Continuous Peripheral Nerve Block Catheter Market, By End User:
  • Hospitals
  • Ambulatory Surgical Centers
• Continuous Peripheral Nerve Block Catheter Market, By Region:
  • North America
    • Latin America
      • Europe
        • Asia Pacific
          • Middle East
            • Africa

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

This content has been distributed via CDN Newswire press release distribution service. For press release enquires please mail us at contact@cdnnewswire.com.