- Report ID: BMRC 508 | Number of pages: 199 | Publish Date: Jan 2020
Status: Published | Category: Healthcare | Delivery Timeline:
Vascular Access Device Market is valued at USD 5209.3 Million in 2018 and expected to reach USD 8095.2 Million by 2025 with CAGR of 5.66% over the forecast period.
Vascular access device (VAD) are inserted into veins through peripheral or central vessels for diagnostic or some therapeutic reason such as blood sampling central venous pressure readings, administration of medication, fluids, total parenteral nutrition (TPN) and blood transfusions. Major factors driving the market growth are changing lifestyle in several parts of the world are associated with chronic diseases such as, cardiac diseases, obesity and diabetes and due to this, adoption of technologically advanced equipment for disease diagnosis and therapeutics become necessary. Vascular access devices include intravascular devices which inserted into peripheral veins, peripheral arterial devices, central venous catheters and peripherally inserted central catheters (PICC lines). These devices allow the easy administration of fluids, blood products and medications; and can permit monitoring of hemodynamic function, dialysis and collecting of blood specimens.
Global vascular access device market report is segmented on the basis of product, application, rout of insertion, end-user industry and region & country level. Based upon product, global vascular access device market is segmented into peripheral catheter, peripheral intravenous, medline catheters, peripherally inserted central catheter, central venous catheters, hemodialysis catheters and accessories. Based on application, the vascular access device market is segmented into medication administration, administration of fluids t& nutritional compound, transfusion of blood product and diagnostic testing. Based on rout of insertion, the Vascular access device market is segmented into subcutaneous and intravenous. Based on end-user industry, the vascular access device market is segmented into hospitals, clinics, ambulatory surgery center and diagnostic laboratories.
The regions covered in this Global Vascular Access Device Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of vascular access device is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Betcon, Dickinson and Company, C.R. Bard, Inc., Smiths Medical, Inc., Teleflex Incorporated, NIPRO Medical Corporation, Edwards Lifesciences Corporation, Romsons Scientific & Surgical Pvt. Ltd., PRODIMED and others.
Increasing Adoption of Technologically Advanced Equipment for Disease Diagnosis and Therapeutics is the Key Factor Driving the Market Growth
Vascular access devices are medical apparatus used to gain access to the bloodstream into blood vessels which are flexible and hollow tubes. These tubes made by silicon, latex and other materials that introduce in veins to deliver medicine, nutritional compounds, administer fluids and some blood products and blood. The expansion of this market is attributed to increasing geriatric population and the rising frequency of kidney failure, diabetes, cancer and many other diseases. In the expansion of new and an inventive product includes drug coated catheters and anti-microbial coated catheters which minimized the occurrence of catheter related infections and complications is the result of technical development in the field of vascular device market. The favorable action of government towards reimbursement policies is also supplementing the market growth. However, lack of regulatory may hamper market growth. In spite of that, increasing investment in research and development can provide some opportunities in vascular device market growth.
North America is Expected to Dominate the Global Vascular Access Device Market
Geographically, the report shows the opportunities available in the global vascular access devices market in the regions of North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. But currently, North America is the lucrative region for this market owing to rising prevalence of lifestyle inflicted diseases, growing cancer and diabetes cases, robust healthcare infrastructure in countries such as the U.S. and Canada. In addition, high adoptability rate of new technology also foster the demand for vascular access devices due to a high percentage of patients receiving some sort of vascular access treatment during their hospitalization in this region. On the other hand, Asia Pacific is also projected to expand the demand consistently throughout the forecast period as emerging economies such as India, Japan, South Korea, China, and Malaysia are improving their healthcare facilities and these regions contain the half of world’s population and leading players of the market are investing in these countries to expand their product reach.
Key Benefits for Market Report–
By Rout of Insertion:
By End-User Industry:
By Regional & Country Analysis:
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Vascular Access Devices Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025