Umbilical Vessel Catheters Market - Growth, Trends and Forecasts (2023-2028)

The umbilical vessel catheters market is expected to register at a CAGR of 5.1% over the forecast period.

The COVID-19 pandemic had substantially impacted the umbilical vessel market. For instance, an article published by the journal Experimental and Therapeutic Medicine, in December 2021, reported that due COVID-19 lockdown, there was a shortage of umbilical catheters due to supply chain disturbance as a result the market witnessed significant challenges. However, in the current scenario due to a decrease in COVID-19 cases and the resumption of all services, the demand for umbilical catheters may increase compared to the beginning of the pandemic, and thus the market is expected to witness significant growth over the forecast period.

The factors that are driving the growth of the studied market are increasing neonatal care globally and the increasing number of premature births. For instance, an article published in the journal Seminars in Perinatology, in October 2022, reported that better access and quality of care at delivery are major determinants of the health and survival of newborn infants. Similarly, an article published by World Health Organization (WHO) in January 2022, reported the increase in facility births for providing essential newborn care and identifying and managing high-risk newborns is increasing the use of umbilical catheters in hospitals to protect the health of neonates and thus driving the growth of the studied market.

Furthermore, the increasing number of premature births is also increasing the demand for umbilical catheters. For instance, an article published by WHO in November 2022, reported that an estimated 15 million babies are born too early every year, that is more than 1 in 10 babies and approximately 1 million children die each year due to complications of preterm birth. Similarly, in November 2022, March of Dimes, the organization in mom and baby health, released its 2022 report, revealing that the U.S. preterm birth rate increased to 10.5% in 2021, a significant 4% increase from the previous year. Thus, high preterm birth is a major concern, and protect the health of newborns the demand for umbilical catheters may significantly increase, thereby driving the growth of the studied market.

Thus, due to increasing neonatal care globally and the increasing number of premature births the market is expected to witness significant growth over the forecast period. However, the high cost of catheters and the lack of skilled professionals may slow down the growth of the studied market.

Umbilical Vessel Catheters Market Trends

Umbilical Venous Catheter (UVC) is expected to register high growth in the forecast period

An umbilical venous catheter (UVC) allows fluids and medicines to be given without frequently replacing an intravenous line. A UVC may be used for premature babies, in cases where the baby has bowel problems that prevent feeding or the baby needs very strong medicines or the baby needs an exchange transfusion. The rising cases of new are increasing the demand for UVC and thus contributing to the growth of this segment. For instance, in January 2022 United Kingdom Health Statistics published a report that stated the stillbirth rate was 3.8 stillbirths per 1,000 births in the United Kingdom during 2020-2021. Similarly, an article published in the International Journal of Environment Research and Public Health in August 2022, reported that about 18% of preterm births are recorded annually in the low-income countries of South Asia and Sub-Saharan Africa (SSA). Thus, the number of preterm birth is a growing concern, and thus the demand for UVC is expected to grow over the forecast period.

The increasing bowel problems in newborns are also increasing the demand for UVC as the newborns are unable to intake food via the oral route. For instance, an article published in the journal Frontiers in Pediatrics published in August 2021, reported that increasing cases of Hirschsprung disease (HSCR) is the leading cause of neonatal functional intestinal obstruction, and globally 1 in 3,500-5,000 newborns suffer from this disease. Thus such disease condition may lead to increasing bowel problems in neonates and is expected to increase the demand for UVC, thereby driving the growth of this segment.

Thus, due to the rising cases of premature babies and the increasing bowel problems in newborns is expected to propel the segmental growth over the forecast period.

North America is Expected to Witness Significant Growth Over the Forecast Period.

The North American region is expected to witness significant growth over the forecast period due to the high incidence of preterm births recorded in the region and the rising awareness of neonatal care. For instance, in November 2022 CDC reported that in the year 2021, preterm birth affected about 1 of every 10 infants born in the United States. The preterm birth rate rose by 0.4% in 2021, from 10.1% in 2020 to 10.5% in 2021. Similarly, an article published by NCBI in May 2022 reported that 13.4 deaths per 1000 live births were recorded in Mexico during 2020-2021. Thus, a high incidence of preterm birth may increase the demand for umbilical catheters, thereby driving the growth of this market in the region.

Furthermore, in May 2022, the Canadian Paediatric Society reported that they revised the policies of the Acute Care of at-Risk Newborns (ACoRN) program that was initiated in Canada to increase awareness about preterm births and taking proper care of newborns. Such initiatives may increase awareness regarding the availability of umbilical catheters in the region, which in turn will boost the market growth over the forecast period. Thus, due to the high incidence of preterm births recorded in the region and the rising awareness of neonatal care the market is expected to witness significant growth over the forecast period.

Umbilical Vessel Catheters Market Competitor Analysis

The umbilical vessel catheter market is moderately competitive due to the presence of major companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies which hold market shares and are well-known as SURU International Pvt. Ltd., Cardinal Health, Inc., Vygon SA, Utah Medical Products, Inc., Hummingbird Medical, Sterimed Group, Angiplast Pvt Ltd., Neotech Products LLC, Hangzhou Fushan Medical Appliances Co. Ltd., Cardinal Health Inc., Ribbel International Ltd., Shree Umiya Surgical Pvt. Ltd., and Teleflex Inc.

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