October 31, 2019
According to the latest study titled ‘Vascular Access Device Market: World Market Analysis By Type (PICC, CVC, Implantable Ports, Others), By Mode of Insertion (Intravenous, Subcutaneous), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, APAC, ROW), By Country (U.S, Canada, UK, Germany, China, Japan, India, Brazil, Mexico)’ available at Market Study Report LLC, the vascular access device market is projected to record substantial growth by 2024.
Vascular access devices are used for diagnostic or therapeutic reasons like blood sampling, central total parental nutrition, venous pressure readings, administration of medication and blood transfusion. These devices are inserted into the veins through the peripheral vessels. Increasing incidence of chronic diseases, coupled with surge in medical tourism, are fostering growth in vascular access device market.
As per the report, vascular access device market was worth USD 6.7 billion in 2018, and is slated to register lucrative growth over the forecast time period. The increasing use of vascular access devices can be attributed to the fact that through VADs patients can avoid using needles repeatedly and have a painless way to deliver medication.
Based on product type, the vascular access device market is segmented into central venous catheters, peripherally inserted central catheters, and implantable ports among others. While based on mode of insertion, the industry is divided into subcutaneous and intravenous.
The report studies the market landscape for revenue shares of each segment and offers growth forecasts. It identifies and analyses the emerging trends along with challenges, drivers, and growth opportunities that are influencing vascular access device market.
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Considering the geographical landscape, the global vascular access device market is fragmented into regions including North America, Europe, APAC, and rest of the world, with key focus on countries like United Kingdom, Canada, U.S, China, Germany, Japan, Brazil, and India.
The key players of vascular access device market are B.Braun Melsungen, Becton, Dickinson and Company, Fresenius Medical Care, Teleflex, Inc., ICU Medical, Smiths Medical Inc., AngioDynamics Inc., Vygon, Medcomp, and Argon Medical Device, Inc.
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