Vascular Access Device Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Becton, Dickinson and Company (U.S.), C. R. Bard, Inc. (U.S.), Smiths Medical, Inc. (U.K.)

Registering a CAGR of 6.6% over the forecast period, the market value of Vascular Access Device is expected to reach US$ 6240 million in the year 2027.

Vascular Access Device Market Overview

Vascular Access Devices are useful for safely and directly delivering medicines and solutions into the bloodstream. Certain medications and solutions can be delivered directly into the large vein, allowing for faster delivery while avoiding damage to smaller veins due to their strength. The device can be used to enter the bloodstream to deliver medicines, introduce fluids and nutritional components, and collect blood vessels and related products. Vascular Access Devices are typically made of latex, silicone, and other materials. It is mostly used for patients who require extremely long-term treatments, such as chemotherapy.

The healthcare industry is attracting significant investments around the world in order to improve healthcare infrastructure and develop technologically advanced medical devices. Changing consumer lifestyles increased awareness of diseases such as cancer and diabetes, and increased demand from developing countries are some of the factors driving the market growth. Governments around the world are enacting stringent healthcare regulations, encouraging market participants to create effective and patient-friendly vascular access devices.

The rapidly increasing prevalence of lifestyle diseases is driving the growth of the global vascular access devices market. The increase in the number of chemotherapy procedures is expected to drive the global vascular access devices market even further over the forecast period. Vascular access devices are increasingly being used in pediatric patients, and as a result, the global vascular access devices market is thriving. Biocompatibility, flexibility, and the use of novel materials are influencing demand dynamics in the vascular access devices (VAD) market. Catheter distal tips have also advanced dramatically in recent years, allowing VAD specialists to plan and execute complex surgeries. The use of VAD has eventually improved patient survival and quality of life.

The report aspects discussed the profile of the top manufacturers of the global Vascular Access Device market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Vascular Access Device Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in the Vascular Access Device Market?

The global Vascular Access Device includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Becton, Dickinson and Company (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), Edwards Lifesciences Corporation (U.S.), Terumo Corporation (Japan), Vygon Ltd. (U.K.), Ameco Medical (Egypt), AngioDynamics (U.S.), Romsons Scientific & Surgical Pvt. Ltd. (India), PRODIMED (France) and others.

Industry News and Updates:

• On June 02, 2021, medK introduced a needle-free vascular access solution. The needle-free connection allows access to the fluid lines, lowering the risk of needle sticks.


• On May 13, 2020, Smiths Medical acquired the Access Scientific, LLC business, expanding its portfolio of vascular access offerings. The Vascular Access Device market will grow significantly during the forecast period due to market development in terms of products and expansions.

What are the major Applications, Types, and Regions for the Vascular Access Device Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Central Vascular Access Devices


• Peripheral Vascular Access Devices


• Accessories

By Application, it is segmented into

• Drug administration


• Fluid and nutrition administration


• Blood transfusion


• Diagnostics & testing

Key Market Trends

Administration of Drugs is Expected to Show a Large Share in the Application Segment

The drug administration segment is expected to account for the largest share of the market due to the widespread use of vascular access devices for drug administration in the treatment of infections, cancer, and other diseases. Catheters are used for a variety of purposes, including drug administration, blood collection, and specialized treatments such as hemodialysis. Vascular access catheters can be inserted peripherally in a patient's arm or centrally, such as in the jugular vein.

Vascular Access Device Market Regional Analysis

In terms of revenue share, North America currently leads the global market and is expected to maintain this position throughout the forecast period. However, North America's dominance will be prominently challenged by the European market. This dominance is attributed to rising cancer rates, an increase in the number of cases involving end-stage renal disease, and an increase in the prevalence of cardiovascular disorders.

Some of the factors attributed to the growth of this regional segment include the increasing occurrence of cardiovascular diseases, increased research and development activities, and technological advancements. The region's growth is being driven by an established healthcare infrastructure, rising cancer-related causes, and increased investments in research and clinical trials. The region's demand for vascular access devices has increased due to changing lifestyles and an increase in cases of lifestyle-related diseases.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Vascular Access Device Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Vascular Access Device Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Vascular Access Device Market report scope?

Scope of the Report covers Vascular Access Device Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Vascular Access Device Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Report Attributes	Report Details
Report Title	Vascular Access Device Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Becton, Dickinson and Company (U.S.), C. R. Bard, Inc. (U.S.), Smiths Medical, Inc. (U.K.)
Forecast Period 2022 to 2027 CAGR	CAGR of 6.6% over the forecast period (2022-2027)
By Type	Central Vascular Access Devices Peripheral Vascular Access Devices Accessories
By Application	Drug administration Fluid and nutrition administration Blood transfusion Diagnostics & testing
By Companies	Becton, Dickinson and Company (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), Edwards Lifesciences Corporation (U.S.), Terumo Corporation (Japan), Vygon Ltd. (U.K.), Ameco Medical (Egypt), AngioDynamics (U.S.), Romsons Scientific & Surgical Pvt. Ltd. (India), PRODIMED (France)
Regions Covered	North America Europe Asia-Pacific Rest of the World
Countries Covered	US Canada Germany France UK Italy Spain Rest of Europe China Japan India Australia South Korea Rest of Asia-Pacific Middle East & Africa Latin America
Base Year	2022
Historical Year	2017 to 2021
Forecast Year	2022 to 2027
Number of Pages	116
Customization Available	Yes, the report can be customized as per your needs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key Takeaways from this Vascular Access Device Report

• Evaluate Vascular Access Device market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Vascular Access Device market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Vascular Access Device Market is studied from 2017 - 2027.

What is the growth rate of the Vascular Access Device Market?

The Vascular Access Device Market is growing at a CAGR of 6.6% over the next 5 years.

Who are the key players in Vascular Access Device Market?

Becton, Dickinson and Company (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), Edwards Lifesciences Corporation (U.S.), Terumo Corporation (Japan), Vygon Ltd. (U.K.), Ameco Medical (Egypt), AngioDynamics (U.S.), Romsons Scientific & Surgical Pvt. Ltd. (India), PRODIMED (France)

What regions does this Vascular Access Device Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Vascular Access Device Market?

Central Vascular Access Devices, Peripheral Vascular Access Devices, Accessories

What are the major end-use applications of Vascular Access Device Market?

Drug administration, Fluid and nutrition administration, Blood transfusion, Diagnostics & testing

 

All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.