Triple lumen catheters are used for administration of hyperosmolar solutions, measuring central venous pressure, hemodialysis, plasmapheresis, and rapid infusion of fluid, among others. Triple lumen catheters is a type of central venous catheter. Central venous catheter is a thin, flexible tube that is placed into the large vein above the heart, usually through a vein in the neck, chest, or arm. Triple lumen catheters are indicated for hemodialysis, apheresis, infusion, central venous pressure monitoring, and high pressure contrast injection. These catheters are available in straight extension and curved extension catheter options and kit, tray (IC Tray) and safety tray (PASS Tray) configurations. Triple lumen catheters have an independent port for blood access and fluid or medication delivery between dialysis treatments. The catheters have a laser-cut side slot to minimize potential for positional occlusion and the likelihood of clot formation by minimizing debris attachment.

Rise in adoption and increase in demand for antimicrobial-coated catheters, surge in number of chronic diseases such as cancer, end-stage renal disease, and others; increase in geriatric population, and rise in usage of tip location devices are anticipated to drive the global triple lumen catheters market. Other factors such as increase in adoption of advanced products and new product launches are expected to propel the market during the forecast period. For instance, in February 2015, Teleflex Incorporated launched triple-lumen ARROW PICC with Chlorag+ard Technology. Pressure-injectable ARROW PICCs with Chlorag+ard Technology are central venous catheters used to significantly reduce the risk of central line-associated bloodstream infections (CLABSI) and PICC-related vessel thrombosis, compared to traditional uncoated catheters. However, risks associated with catheters and pricing pressure are projected to hamper the growth of the global triple lumen catheters market.

The global triple lumen catheters market can be segmented based on application, end-user, and region. In terms of application, the market can be classified into hemodialysis, apheresis, infusion, central venous pressure monitoring, and others. The hemodialysis segment is expected to account for larger market share due to rise in prevalence of end-stage renal disease (ESRD) and other chronic kidney disorders. Based on end-user, the global triple lumen catheters market can be divided into hospitals, clinics, ambulatory surgery centers, and others. The hospitals segment is expected to account for larger market share due to increase in adoption of advanced products and patient preference for surgical procedures.

In terms of region, the global triple lumen catheters market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America was a significant market for triple lumen catheters in 2017 and the trend is expected to continue during the forecast period. North America’s dominance of the global market is attributed to favorable insurance and reimbursement policies, technological innovation, early adoption of diagnostic procedures, and high health care burden of cancer are likely to drive the market in the region. According to the National Cancer Institute, estimated national expenditure on cancer care in the U.S. stood at US$ 147.3 Bn in 2017. Costs are likely to increase in the near future, as the population ages and cancer prevalence increases. Europe was also a significant market for triple lumen catheters in 2017, due to increase in government initiatives, rise in adoption of technologically advanced products, and surge in incidence of chronic diseases such as cancer, end-stage renal disease, and others. Aging population, increase in awareness about advanced products, rise in prevalence of various diseases such as cancer and chronic kidney diseases, and surge in health care expenditure are projected to propel the triple lumen catheters market in Asia Pacific during the forecast period. According to the International Society of Nephrology, in 2016, mortality rate of infection associated with acute kidney injury (AKI) in Asia was ∼52%. Moreover, 7% to 16% of patients went on to develop chronic kidney failure, and 11% to 19% were left with decreased kidney function despite being cured of the infection.

Key players operating in the global triple lumen catheters market are B. Braun Melsungen AG, Medtronic, Baxter, Edwards Lifesciences Corporation, Teleflex Incorporated, Becton, Dickinson and Company, and C. R. Bard, Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Triple Lumen Catheters Market

Pre Book