Vascular Access Devices Market Size, Strategic Analysis, Growth Drivers, Industry Trends, Demand and Future Opportunities and Forecast Period
The market for vascular
access devices market was valued at USD 5.8 billion in 2023 and is
expected to expand at a compound annual growth rate (CAGR) of 7.2% over the
course of the forecast period. The market is expanding due to the rising
incidence of chronic illnesses such diabetes, obesity, cancer, and chronic
kidney disease. The market is seeing a major increase in demand due to
increased government assistance for improved health infrastructure. The market
is expanding at a substantial rate due to the growing number of hospitals
around the world.
Vascular access device technological developments are largely propelling market
expansion. The industry is expanding at a substantial rate due to the growing
number of elderly people and more government assistance.
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Growth Drivers
The need for these devices is increased by the move toward
long-term therapies and home healthcare options. PICC is frequently used in
parenteral feeding, chemotherapy, and long-term antibiotic treatment. The
market is driven by a rise in emergency room admissions, trauma cases, and
surgeries. The proliferation of ICUs and critical care units contributes to the
market's growth.
Increasing numbers of people who need IV feeding support due to digestive
problems and malnutrition. Fourth generation medication administration is being
driven by the growing pharmaceutical business. The market is expanding at a
substantial rate because to an increase in surgeries, trauma cases, and home
healthcare settings for IV therapy, dialysis, and chemotherapy. Patient
outcomes are improved by minimally invasive insertion techniques. Due to their
widespread use, antimicrobial-coated catheters are predicted to increase market
demand.
Segmentation
Vascular Access
Devices Product
· Short
Peripheral Intravenous Catheter (Short PIVCs)
o Safety
o Standard/ Conventional
· Huber
Needles
o Safety
o Standard/ Conventional
· Midline
Catheters
o Standard
o Power-Injectable
· Peripherally
Inserted Central Catheter (PICCs)
o Standard
o Power-Injectable
· Central
Venous Catheter (CVCs)
o Acute
o Tunneled
· Dialysis
Catheters
o Acute
o Tunneled
· Implantable
Ports
o Single-Lumen
o Dual-Lumen
Vascular Access
Devices End User
· Hospitals
· Ambulatory
care centers
· Other
end users
By Region
· Asia
Pacific
· North
America
· Latin
America
· Middle
East and Africa
· Europe
Key Players
· Becton Dickinson and Company
· Nipro
· Vygon
· Angio,Dynamics,
Inc.
· Medical
Components Inc.
· Shanghai
Puyi Medical Instruments Co. Ltd.
· Argon
Medical Devices
· B. Braun
· Cook
· Newtech
Medical Devices Pvt. Ltd.
· PolyMedicure
· Guangdong
Baihe Medical Technology Co. Ltd.
· PakuMed
Medical Components GmbH
· Healthline
Medical Products
· Other
Players
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