Market Trends of Umbilical Vessel Catheters Industry
This section covers the major market trends shaping the Umbilical Vessel Catheters Market according to our research experts:
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.
