Global Vascular Access Device
Market Report
2024
As per Cognitive Market Research, The Vascular Access Device market was valued at USD 1.77 Billion in 2022 and will reach USD 2.49 Billion, with a CAGR of 5% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research, The Vascular Access Device market was valued at USD 1.77 Billion in 2022 and will reach USD 2.49 Billion, with a CAGR of 5% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Vascular Access Device Market Sales Revenue 2022 | $ 1.77 Billion |
Global Vascular Access Device Market Sales Revenue 2030 | $ 2.49 Billion |
Global Vascular Access Device Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Vascular Access Device Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Vascular Access Device are devices inserted into the veins through central or peripheral vessels. These devices are used for various functions like sampling blood, providing medications, and nutritional fluids, reading of venous pressure, transfusions, and parenteral nutrition delivery for other purposes. The increase in cancer prevalence, renal failure, and heart disease due to vascular access therapy has been widely increased; these are the major factors driving the market. Additionally, problems associated with chronic and non-communicable disease conditions, like hypertension, diabetes, obesity, and depression, necessarily require hospitalization and in the case of chemotherapies. North America dominates the Vascular Access Device market.
The major factor driving the vascular access device market is the increasing ratio of diabetes and cancer all over the world. The increase in cancer prevalence, renal failure, and heart disease due to vascular access therapy has been widely increased; these are the major factors driving the market. Additionally, problems associated with chronic and non-communicable disease conditions, like hypertension, diabetes, obesity, and depression, necessarily require hospitalization and in the case of chemotherapies.
The infection from the catheters hampers the growth of the market over the forecasting period. Additionally, stringent regulations, strict safety norms, and product recall restrain the growth of the vascular access device market.
COVID-19 had a negative impact on the Vascular Access Device market. This is attributed to the lockdown in many countries, as patient visits to hospitals have been reduced significantly. As a result, the number of diagnostic tests has reduced. This has further reduced the sales of peripheral vascular devices. Additionally, there are chances of medical supply and equipment shortages due to temporary production site closures.
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Merit Medical Systems, a leading global manufacturer and marketer of healthcare technology, today announced it has completed the acquisition of a portfolio of dialysis catheter products and the Bio Sentry Biopsy Tract Sealant System from AngioDynamics, Inc.
The B. Braun Medical Inc. (B. Braun), a leader in infusion therapy, announced today the launch of its new Introcan Safety 2 IV Catheter with one-time blood control. The Introcan Safety 2 IV Catheter is the latest development from B. Braun for making IV access safer for the clinician by reducing the risk of needlestick injuries and their exposure to blood.
Access Vascular, today announced that it has received U.S. FDA clearance for its HydroPICC dual-lumen catheter. Designed and constructed using the same proprietary hydrophilic biomaterial as AVI’s single-lumen HydroPICC and HydroMID catheters.
Top Companies Market Share in Vascular Access Device Industry: (In no particular order of Rank)
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On the basis of regions, the Vascular Access Device market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America dominated the market over the forecasting period. This is attributed to the presence of the existence of major players, a favorable reimbursement framework, and substantial government expenditure in the creation of cutting-edge medical devices. Additionally, increasing healthcare costs, government efforts, and increasing disposable income.
The current report Scope analyzes Vascular Access Device Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Vascular Access Device Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Vascular Access Device Industry growth. Vascular Access Device market has been segmented with the help of its Type, Application , and others. Vascular Access Device market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
On the basis of Type, the vascular access device market is segmented into short peripheral intravenous catheters (short PIVC), huber needles, midline catheters, peripherally inserted central catheters (PICC), central venous catheter (CVC), dialysis catheters, implantable ports. In terms of type, the short peripheral intravenous catheters segment has dominated the market. This is attributed to consumers preferring more expensive and safer short PIVCs than common devices.
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Based on Application, the Vascular Access Device market is segmented into Hospitals, Clinics, Ambulatory Surgery Centers, and Diagnostic Centers. The hospital segment has dominated the vascular access device market. This is attributed to the availability of highly skilled and experienced healthcare staff at hospitals, the best possible care, and improved vascular access outcomes at hospitals.
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Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Vascular Access Device Market is witnessing significant growth in the near future.
In 2023, the Short Peripheral Intravenous Catheters (Short PIVC) segment accounted for noticeable share of global Vascular Access Device Market and is projected to experience significant growth in the near future.
The Hospitals segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies BD , Smiths Medical and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Short Peripheral Intravenous Catheters (Short PIVC), Huber Needles, Midline Catheters, Peripherally Inserted Central Catheters (PICC), Central Venous Catheter (CVC), Dialysis Catheters, Implantable Ports |
Application | Hospitals, Clinics, Ambulatory Surgery Centers, Diagnostic Centers |
List of Competitors | BD, C. R. Bard, Smiths Medical, Teleflex Incorporated, B. Braun Melsungen, NIPRO Medical Corporation, Edwards Lifesciences Corporation, Terumo Corporation, Vygon, Ameco Medical, AngioDynamics, Romsons Scientific Surgical, PRODIMED, Others |
This chapter will help you gain GLOBAL Market Analysis of Vascular Access Device. Further deep in this chapter, you will be able to review Global Vascular Access Device Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Vascular Access Device market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Short Peripheral Intravenous Catheters (Short PIVC) have a significant impact on Vascular Access Device market? |
What are the key factors affecting the Short Peripheral Intravenous Catheters (Short PIVC) and Huber Needles of Vascular Access Device Market? |
What is the CAGR/Growth Rate of Hospitals during the forecast period? |
By type, which segment accounted for largest share of the global Vascular Access Device Market? |
Which region is expected to dominate the global Vascular Access Device Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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