Description

Vascular Access Devices Market Outline

Vascular access is a method of introducing or removing devices or chemicals from the bloodstream. Vascular access devices (VADs) are the medical devices that are inserted into veins via peripheral or central vessels for diagnostic or therapeutic reasons, such as blood sampling, central venous pressure readings, administration of medication, fluids, total parenteral nutrition (TPN) and blood transfusions.

 

Global Vascular Access Devices Market was valued at US $ XX Mn and expected to grow at 6.55% Compound Annual Growth Rate (CAGR) over the 2017 to 20

 

Vascular Access Devices Market Dynamics

Increase in the prevalence of the chronic disorders such as obesity, cardiac disorders, and diabetes are the key factors attributing the growth of the vascular access devices. Growing incidence of the kidney disorders is adding fuel for the growth of the market. The changing lifestyles resulting in various health related issues are driving the growth off the market. The technological advancements in the field of vascular access is anticipating the growth of the market. The growing government initiatives is further adding scope for the growth of the vascular access devices. However, the high cost associated with treatment is hampering the growth of the vascular access devices market.

 

Market Scope

Vascular access devices market is segmented based on the product, technology, disease indication, and distribution channel

 

Based on the product, the market is segmented into the following:

1. Central Catheters

  • Hemodialysis Catheters
  • Implantable Ports
  • Peripherally Inserted Central Catheters (PICC)
  • Central Venous Catheters (CVC)

2. Peripheral Catheters

  • Peripheral Intravenous Catheters (PIVC)
  • Midline Catheters

3. Accessories

 

Based on the application, global market is segmented into the following:

  • Transfusion of Blood Products
  • Diagnostic Testing
  • Medication Administration

 

Based on the route of insertion, global market is segmented into the following:

  • Subcutaneous
  • Intravenous

 

Based on the end user, global market is segmented into the following:

  • Hospitals
  • Ambulatory Surgery Centers
  • Others

 

Regional Analysis

Geographically, global vascular Access devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is growing due to increase in the adoption advanced technology. The increase in the government support is adding fuel for the growth of the market in this region. The rise awareness among the patient pool towards the adoption of modern treatment methods is enhancing the growth of the vascular Access devices market in this region. The Europe  falls next to that of the North America  market. The Asia Pacific is expected to grow exponentially over the forecasted period owing to the keen of the government in the development of healthcare infrastructure. The emerging markets are providing an opportunity for the growth of the vascular access devices market in this region.

 

Competition Assessment

  • Edwards Lifesciences Corporation (U.S.)
  • Terumo Corporation (Japan)
  • Vygon Ltd. (U.K.)
  • Ameco Medical (Egypt)
  • AngioDynamics (U.S.)
  • C. R. Bard, Inc. (U.S.)
  • Smiths Medical, Inc. (U.K.)
  • Teleflex Incorporated (U.S.)
  • B.Braun Melsungen AG (Germany)
  • NIPRO Medical Corporation (Japan)
  • Becton, Dickinson and Company (U.S.)

 

Notable Market Developments

  • In December 2017, B. Braun has launched Introcan Safety® Deep Access IV Catheters


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