Vascular Access Device Market Analysis | 2023-2028

Vascular Access Device Market Analysis | 2023-2028

Vascular Access Device Market Analysis | 2023-2028
Report code - SR1678 Delivery - 2 Weeks
Vascular Access Device Market Size, Share, Trends, Dynamics, Forecast, & Growth Analys See more...

Market Insights

The vascular access device market was estimated at USD 4.26 billion in 2022 and is likely to grow at a CAGR of 7% during 2023-2028 to reach USD 6.41 billion in 2028.

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Market Dynamics

Introduction

Vascular access devices are referred to as medical equipment that are used to ingress the bloodstream to administer fluids, supply medicines, and nutritional components, and collection of blood vessels and their products. These vascular access tubes are made from silicon, latex, and other substances.

COVID-19 Impact

The COVID-19 pandemic has moderately affected the vascular access device industry. The rapid spread of COVID-19 has led to several thousands of hospital admissions. The focus of healthcare professionals has been shifted toward the treatment of COVID-19-infected patients, which affected the treatment of non-emergency medical conditions, amid the pandemic.

Market Drivers

Rapidly growing incidence of lifestyle diseases across the globe and technological developments in medical therapies are likely to boost the market growth. Also, the surge in the number of chemotherapy procedures on account of soaring cancer cases worldwide further augments product usage. Moreover, vascular access devices are being widely used in pediatric patients further offering immense growth opportunities to the industry players.

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Key Players

Key players operating in the market are:

  • BD (US)
  • C.R.Bard (US)
  • Teleflex (US)
  • Smiths Medical (US)
  • B Braun (Germany)
  • Angiodynamics (US)
  • Terumo (Japan)
  • Nipro (Japan)
  • Edwards (US)
  • Amecath (US)

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

Segmentations

List of Sub-Segments

Segments with High Growth Opportunity

Device Type Analysis

Central Vascular Access Devices, Peripheral Vascular Access Devices

The central vascular access devices segment held the largest market share in 2022 and is likely to grow at a considered CAGR during the forecast period.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

North American market held a significant market share in 2022 and is projected to grow at a healthy CAGR in the coming years.

By Device Type

Based on device type, the vascular access device market has been classified into central vascular access devices and peripheral vascular access devices. Under these, the central vascular access devices segment held the largest market share in 2022 and is likely to grow at a considered CAGR during the forecast period. Central vascular access devices are being extensively used in chemotherapy as well as for the treatment of cardiovascular & chronic kidney disorders, thus bolstering the segment growth.

Regional Insights

By region, the North American market held a significant market share in 2022 and is projected to grow at a healthy CAGR in the coming years. Rising healthcare expenditure, favorable reimbursement scenario, as well as a growing number of product approvals are likely to boost the market growth in the region. Also, a surge in the number of cancer cases and the growing prevalence of cardiovascular diseases further augments the regional market growth.

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Research Methodology

  • This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s vascular access device market realities and future market possibilities for the forecast period.
  • The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
  • The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
  • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
  • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
  • We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
  • COVID-19 impact and its recovery curve
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The vascular access device market is segmented into the following categories:

By Device Type

  • Central Vascular Access Device
  • Peripheral Vascular Access Device

By End-Use Type

  • Hospitals
  • Clinics and Ambulatory Care Centers

By Region

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
  • Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to three players)
  • SWOT analysis of key players (up to three players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

Frequently Asked Questions (FAQs)

Vascular access devices are referred to as medical equipment that are used to ingress the bloodstream to administer fluids, supply medicines, and nutritional components, and collection of blood vessels and their products. These vascular access tubes are made from silicon, latex, and other substances.

The vascular access device market was estimated at USD 4.26 billion in 2022.

The vascular access device market is likely to reach USD 6.41 billion in 2028.

The vascular access device market is likely to grow at a CAGR of 7% during 2023-2028.

BD (US), C.R.Bard (US), Teleflex (US), Smiths Medical (US), B Braun (Germany), Angiodynam-ics (US), Terumo (Japan), Nipro (Japan), Edwards (US), and Amecath (US) are among the top players in the market.

The central vascular access devices segment held the largest share of the market in 2022.

North America is expected to grow at a healthy CAGR in the market in the next five years.

Vascular Access Device companies, Vascular Access Device distributors, Medical companies, Government organizations are the target audience in the market.