San Francisco, California, August 29, 2018: According to a recent market research report by TMR Research, the global market for continuous peripheral nerve block (cPNB) catheters has expanded at a promising pace in the past few years owing to the vast rise in prevalence of bone injuries and the consecutive rise in numbers of orthopedic procedures. With the rising number of patients suffering from bone injuries and other deformities, the global demand for cPNB catheters is also expected to rise. The report is titled “Continuous Peripheral Nerve Block (cPNB) Catheters Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018–2028.”
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The market is also driven due to the staggering rise in the world’s geriatric population over the years. Furthermore, owing to the rising popularity of cPNB catheters, conventional anesthesia techniques have taken a backseat in a number of applications. However, the negative publicity garnered by these catheters due to certain instances where these catheters have demonstrated faulty behavior could act as a restraint for the market.
From a geographical standpoint, the market for cPNB catheters in North America is presently expected to account for a significant share in the global market, chiefly owing to the thriving surgical sector in the healthcare industry in Canada and the U.S. The notable population base of people suffering from a number of orthopedic diseases in these countries as well as the high number of patients travelling to these countries for complex orthopedic surgeries are expected to keep the region considerably promising for the cPNB catheters market in the next few years as well.
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Some of the leading companies operating in the increasingly competitive market for continuous peripheral nerve block catheters are Vygon, Teleflex, and Halyard. The increased demand for durable and more effective cPNB catheters is compelling these companies to focus more on R&D activities and strategic collaboration opportunities to gain more technological prowess and innovative products in their portfolios.