The global demand for Vascular Access Device Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028.
The vascular access device, also called a line, a catheter is a flexible, hollow tube inserted into a vein for therapeutic or diagnostic reasons, such as administration of medicines, fluids, blood sampling, parenteral nutrition, or blood transfusions directly into the bloodstream. These tubes are made from latex, silicone, and other substances. It is safe, reliable, and vital to understand the therapy option and counsel the patient. It is one of the basic components and essential aspects of medical care and patient care in ambulatory patient settings and hospitals.
Market Dynamics
An aging population, a growing prevalence of lifestyle diseases, and an increasing number of chemotherapy procedures drive the demand for vascular access devices. Growing tobacco and cigarette use, junk foods, overweight, and obesity encourage lifestyle disease burden globally, and thus vascular access device sales. However, the threat of infection, high costs involved in the placement and maintenance of devices is observed to restrain the global vascular access device market's growth. Noticing the consequences of contamination and threat of infections, market players are working to bring a no touch access device that will eventually reduce the risk of infections.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of vascular access device.
Market Segmentation
This section of the vascular access device market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.
By Type
- Peripheral IV Catheter
- Midline Catheter
- PICC (Peripherally Inserted Central Catheter)
- Central Venous Catheter (CVC)
- Tunnelled Central Venous Catheter CVC
- Implanted Port
By Application
- Drug Administration
- Fluid and Nutrition Administration
- Blood Transfusion
- Diagnostics & Testing
By End User
- Hospitals
- Clinics and Ambulatory Care Centers
- Other End Users
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for Vascular Access Device market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Vascular Access Device Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the vascular access device market include Becton, Dickinson and Company, C.R.Bard, Inc., Teleflex Incorporated, Smiths Medical, Inc., B Braun Melsungen AG, Angiodynamics, Terumo Corporation, Nipro Medical Corporation, Edwards Lifesciences Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.