Global Vascular Access Devices Market, By Type (Central Vascular Access Devices, Peripheral Vascular Access Devices, Accessories), Mode of Insertion (Intravenous, Subcutaneous), Application (Drug Administration, Fluid and Nutrition Administration, Blood Transfusion, Diagnostics and Testing), End User (Hospitals, Clinics and Ambulatory Care Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Vascular Access Devices Market
Vascular access devices market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 7.0% in the above-mentioned forecast period.
Vascular access devices are the medical products which are basically inserted in the veins through central or peripheral vessels. They are generally focused on various functions such as the sampling of blood, providing medications, reading of venous pressure, nutritional fluids, transfusions and parenteral nutrition delivery amongst other purposes.
The considerable rise in cancer prevalence are the significant factors responsible for driving the growth of the vascular access devices market in the above-mentioned forecast period. Additionally, the renewed demand rate for these devices with the emergence of their wide-scale application in pediatric patient health care services also heighten the overall growth of the market. The increasing the preference of patients to participate in medical tourism will boosts the overall growth of the market. However, the factors such as the various complications experienced with the usage of different catheters which has resulted in the product recalls from major market players amid the failure of their offerings obstruct the market’s growth in the forecast period of 2022 to 2029. Moreover, the regulations regarding the commercialization is projected to hamper the market’s growth within the forecasted period.
The innovation and advancements by various market players are expected to generate profitable opportunities for the market. On the other hand, the increasing stringency in regulations for product approval have the potential to challenge for the market’s growth in the forecast period of 2022 to 2029.
This vascular access devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research vascular access devices market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Vascular Access Devices Market Scope and Market Size
Vascular access devices market is segmented on the basis of type, mode of insertion, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the vascular access devices market has been segmented into central vascular access devices, peripheral vascular access devices and accessories. The central vascular access devices is sub-segmented into peripherally inserted central catheters (PICC), tunneled catheters, non-tunneled catheters and implanted ports. The peripheral vascular access devices is sub-segmented into midline catheter (short) devices, midclavicular catheter (midline) devices and winged steel needles.
- On the basis of mode of insertion, the vascular access devices market has been segmented into intravenous and subcutaneous.
- Vascular access devices market has been segmented on the basis of application into drug administration, fluid and nutrition administration, blood transfusion and diagnostics and testing.
- On the basis of end user, the vascular access devices market has been segmented into hospitals, clinics and ambulatory care centers, others.
Vascular Access Devices Market Country Level Analysis
Vascular access devices market is segmented on the basis of type, mode of insertion, application and end user.
The countries covered in the vascular access devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market due to the significant prevalence of cardiovascular disease and cancer cases throughout the United States, this has induced high consumption for vascular access devices while the authorities and major market players collaborate on advancing the existing technologies in the forecast period of 2022 to 2029. Asia-Pacific, on the other hand, is expected to show a rapid and lucrative growth rate in the forecast period owing to the focusing on developing advanced healthcare infrastructure in the region.
The country section of the vascular access devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Vascular access devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for vascular access devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the vascular access devices market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Vascular Access Devices Market Share Analysis
Vascular access devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to vascular access devices market.
Some of the major players operating in the vascular access devices market report are BD, Fresenius Medical Care AG & Co. KGaA, B. Braun Melsungen AG, Cook, Baxter, Medtronic, AngioDynamics, Teleflex Incorporated, Kimal., Smiths Medical., Vygon SA, Terumo Medical Corporation, BD, Cardinal Health, Abbott, Boston Scientific Corporation, Q3 Medical Devices Limited., SCITECH, BIOTRONIK, Inc., ARGON MEDICAL, NIPRO, Terumo Corporation, and Romsons Medsource among others.
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