The global vascular access device market size was valued at US$ 3,744.2 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2020 to 2028. The vascular access device is defined as a device that allows easy administration of fluids, blood products, and medications into veins via peripheral or central vessels to permit monitoring of haemodynamic function, dialysis, and collecting of blood specimens. It contains intravascular devices inserted into peripheral veins, peripheral intravenous cannula (PIVC), peripheral arterial devices, central venous catheters, and peripherally inserted central catheters (PICC lines).
The industry is expected to be driven by the growing number of chronic diseases along with the rising geriatric population. The speedily growing healthcare industry as well as increasing per capita expenditure in developing countries is anticipated to boost the demand of this segment over the forecast period. The increasing Number of Chemotherapy Procedures and technological advancements are the factors expected to have a positive impact on the market growth in upcoming years.
The Global Vascular Access Device market is categorized on the basis of product, end-user, and region. On the basis of product type, the market is segmented into Portal Access Needles, Implantable Ports, Sheath Introducer, IV Safety Catheters, Central Venous Catheter, Peripherally Inserted Central Catheter, and Catheter Stabilization. On the basis of end-user, the market is segmented into General Anesthesia, Regional Anesthesia, Oncology, Pain Management, Adult Critical Care, Neo Critical Care, and Home and Alternate Care. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. Among all, North America is expected to dominate the market during the analysis of the forecast period.
The key players of this market include Teleflex Incorporated, Smiths Medical, Inc., B Braun Melsungen AG, COOK Medical, Angiodynamics (Navilyst Medical, Inc), Districlass medical, Guangdong Baihe Medical Technology, HEKA Srl, F.B. Medical, I beg – Instituto de Bioengenharia Erasto Gaertner, PakuMed medical products, Perouse Medical, Terumo Corporation, Nipro Medical Corporation, Merit Medical Systems, Inc., Vygon S.A., Edwards Lifesciences Corporation, Ameco Medical, Romsons Scientific & Surgical Pvt. Ltd., and Prodimed.
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
info@insightaceanalytic.com
