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Tip Location Devices Market 2015-2025: North America and Europe Most Lucrative Region According to FMI

Tip Location Devices Market 2015-2025: North America and Europe Most Lucrative Region According to FMI

A catheter is a thin tube medical device which can be inserted into the human body during surgical procedures. This process is known as catheterization. Catherization and cannulation often results in complications such as hematoma, infiltration, phlebitis or embolism. During catherization and cannulation, catheters and cannulas get malpositioned. Proper placement of catheters is an essential prerequisite in central venous catheters. Cather malpositioning is commonly observed in the technique of peripherally inserted central catheters (PICCs). The solution for such complications is the use of tip location devices and systems.

Tip Location Devices Market: Drivers & Restraints           

The issue of malpositioning of central venous catheters can be solved by determining the catheter position. This catheter position determination can be done by chest X-ray when aspiration of blood is not possible.  The determination of catheter position with chest X-ray is a time consuming process, provides poor image quality and often needs more than one chest X-ray to give right location. The use of tip locator devices reduces the incidences of catheter malpositioning by around 10 % to 16%. Tip locator devices improve patient compliance and reduce the cost of catheterization owing to the lesser incidences of catheter malpositioning.  Tip location device have microsensors which indicate the right and wrong direction for the catheter as well as the exact location to reach in real time. Tip location devices reduce vein damage and spasms. The traditional chest x-ray technique may act as a potential hurdle for the growth of the global tip locating devices market.

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Tip Location Devices Market: Segmentation

Tip Location Systems

Tip Location Devices Market: Overview

Simple body movements such as respiration can also cause the catheter tips to move away from the ideal location, increasing the risk of severe complications. For instance, abduction and adduction of the arms moves the catheter tip 2cm to 4cm away from the optimal location of placement. Tip location devices can be classified under vascular access device market. The global tip location devices is a niche market and in the introductory phase. The global tip location devices market is projected to be the most rapidly growing segment in the global vascular access device market. Tip location devices have 98% accuracy in navigation and targeting for the catheter. Owing to the advantages of tip location devices and the increasing awareness of tip location devices, the global tip location devices market is expected to grow threefold.

Tip Location Devices Market: Region-wise Outlook

Depending on geographic regions, global Tip Location Devices market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. The developed regions of the world such as North America and Europe are fairly introduced to the tip location devices but the developing regions still require advances in medical devices market to overcome the conventional chest x-rays for locating catheters.

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Tip Location Devices Market: Key Players

The tip location device manufacturing companies have priced their products at a premium as compared to radiology alternatives and are selling other products with tip location devices in a bundle to ensure higher per-patient revenue. Some of the key market players in the global tip location devices market are AngioDynamics, Teleflex Incorporated and C.R. Bard, Inc.

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