by The catheter related blood stream infection treatment market focuses on preventing and treating infections which occur due to the insertion of catheters into patients undergoing prolonged intravenous therapy. Catheters are medical devices inserted into a patient’s blood stream to deliver medication, fluids, nutrition or for blood transfusions. However, this insertion can introduce microbes which can spread through the catheter and cause infections. Such infections are difficult to treat as the pathogens gain access to the blood stream through the catheter directly. The increasing incidence of hospital acquired infections as well as rising number of complex surgeries and chronic diseases has augmented demand for catheters. However, the prolonged usage also increases risk of blood infections. The treatment involves use of appropriate antibiotics as well as removing and replacing the infected catheter to stop further spread of pathogens.
The global Catheter Related Blood Stream Infection Market is estimated to be valued at US$ 1627.61 Mn in 2023 and is expected to exhibit a CAGR of 16.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising rates of multidrug resistance to common antibiotics used for treatment has emerged as one of the major challenges faced by healthcare professionals in this market. There is an urgent need to develop new generation antibiotics which are effective against drug-resistant strains. Companies are investing heavily in research and development of novel antibacterial drugs with new mechanisms of action to overcome this issue. Furthermore, technologies focused on coating catheters with antibacterial materials to prevent microbial adhesion and subsequent infections also witnessed significant growth. Silver ion coated catheters demonstrated lower infection rates compared to conventionally coated ones. Advancements in catheter design and materials to increase safety also gained attention.
Porter’s Analysis
Threat of new entrants: Low capital requirements and established industry players make it difficult for new players to enter the market.
Bargaining power of buyers: Large number of market players differentiates products and services.
Bargaining power of suppliers: Strict guidelines and regulations leave less room for innovation and differentiation.
Threat of new substitutes: Alternate disinfection methods and awareness about prevention offer some substitution.
Competitive rivalry: Significant R&D investments and intensive focus on new product pipelines increase competition.
Key Takeaways
The Global Catheter Related Blood Stream Infection Market Size is expected to witness high growth. The global Catheter Related Blood Stream Infection Market is estimated to be valued at US$ 1627.61 Mn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030.
The North American region currently dominates the market due to increasing geriatric population and high awareness levels. Rise in hospital acquired infections in the U.S. and Canada also contributes to market growth. The Asia Pacific region is expected to grow at the fastest pace during the forecast period. Developing healthcare infrastructure and improving access are driving the market in countries like China, India and South Korea. Rapid economic growth has enabled greater investments towards advanced disinfection products and technologies in the region.
Key players operating in the Catheter Related Blood Stream Infection market are Air2Water LLC, Ray Agua, Akyo Atmospheric Water Systems Pvt Ltd, Eshara Water, Canadian Dew Technologies Inc, Shenzhen FND Air & Water Technology Development, and Atmospheric Water Solutions, InC. Majority of these players focus on developing novel product formulations for prevention as well as accelerated disinfection processes. Partnerships with healthcare providers help strengthen their presence across global markets.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
