What is Umbilical Catheter Market?
Umbilical catheters are thin bendable tubes integrated into the bottom of the artery or vein of the baby’s umbilical cord. These are used for the treatment of premature babies. WHO had stated that 15 million babies were born prematurely each year and this count would keep on increasing with growing time. Of all premature infants, 66.8% had both UAC and UVC placements. These catheters help the specialists to carry out the treatment smoothly as they follow an open section. These catheters are used so as to transport special nutrition, medicines, and liquids to the newly born babies. UAC is implanted into the artery of the umbilical cord to take out blood for conducting blood tests and to monitor blood pressure. Catheters require less number of needles to extract the blood for blood tests. UVC is rooted in the vein of the umbilical cord so as to make liquids and drugs available to the newborn. According to FDA rules, the umbilical catheter is to be used for seven days or less. If more treatment is required then specialists can put in the peripheral catheter through the legs or arms of the newborn.
The market study is being classified by Type (Umbilical Artery Catheters (UAC) and Umbilical Venous Catheters (UVC)), by Application (Parenteral Nutrition & Fluid Administration, Drug Administration, Fluid and nutritional support, Arterial & Venous Blood Sampling, Transfusion of Blood, Blood pH & Blood Gas Analysis and Others) and major geographies with country level break-up.
VYGON (France), Medtronic (Ireland), GPC Medical Ltd. (India), Utah Medical Products, Inc. (United States), Romsons Disposable Medical Devices (India), Footprint Medical Incorporated (United States), SURU INTERNATIONAL PVT. LTD. (India), Sterimed Group (India) and Medline Industries, Inc (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Angiplast Private Limited (India) and Poly Medicure Ltd (India).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new modifications in the existing products and collaborations as per their preferred strategies. With the rise of delivering premature babies, the usage of the umbilical catheters is going high. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Indian Players will contribute to the maximum growth of Global Umbilical Catheter market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Umbilical Catheter market by Type, Application and Region.
On the basis of geography, the market of Umbilical Catheter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Number of Premature Deliveries Globally
- Usage of Umbilical Vessel Catheter Requires Very Few Needle Sticks during Treatment and hence is Not Painful for Newborns
- Growing Awareness among People and Availability of Advanced Health Care Facilities
Market Trend
- Growth in Health Care Expenditure
- Improvement in the Health-Care Infrastructure in Developed and Developing Countries
- The Rise in the Number of Infant Baby Care Centres
Restraints
- Cost Constraints of the Product
- Lack of Trained Professionals for Operating the Umbilical Catheters
- Regulations made by the Government for the Manufacturing and Usage of Medical Devices
Opportunities
- Increase in the Research and Development of Medical Devices by the Manufacturers
Challenges
- High Risk of Spreading Infection and Blood Clotting throughout the Treatment Process
India – The classification of medical device rules along with the regulatory approval and registration by the CDSCO is under the control of the Drug Controller General of India (DCGI). All medical devices in India follow a regulatory framework that is based on the drug regulations under the Drug and Cosmetic Act (1940) and Drugs and Cosmetics Rules (1945). The Health Ministry of India has published a new Medical Device and IVD regulations to enhance the country’s Drug and Cosmetics Act for creating effective regulations. The government has notified Medical Devices Rules in 2017. The suggested medical device rules necessary for the regulatory approval impact of the Medical device and IVD sectors.
Key Target Audience
Manufacturers of Umbilical Catheter, Suppliers of Umbilical Catheter, Dealers and Distributors of Umbilical Catheter, Healthcare Industry, Governmental Bodies and Regulatory Bodies
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