Vascular Access Devices Market Size Outlook by 2030

Vascular Access Devices Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Short Peripheral Intravenous Catheters, Midline Catheters, PICC, Central Catheter, Implantable Ports, and Accessories), Application (Drug Administration, Administration of Fluid and Nutrition, Transfusion of Blood Products, and Others), Route of Insertion (Subcutaneous and Intravenous), End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Others), and Geography

Publication Month : Mar 2024

  • Report Code : TIPHE100000983
  • Category : Medical Device
  • Status : Data Released
  • No. of Pages : 150
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[Research Report] The vascular access devices market was valued at US$ 5.62 billion in 2022 and is projected to reach US$ 10.29 billion by 2030. It is expected to register a CAGR of 7.9% during 2022–2030.

Market Insights and Analyst View:

Vascular access devices are placed using a number of anatomic sites to access the superior or inferior vena cava—internal jugular vein, subclavian vein, external jugular vein, and femoral vein. The growing vascular access devices market size is driven by the rising prevalence of chronic diseases and the rising need for chemotherapy procedures. In addition, strategic initiatives by companies to stay competitive in the market fuel the market growth. A significant increase in the use of AI-enabled robotic venous access devices is likely to bring new vascular access device market trends during the forecast period.

Growth Drivers and Challenges:

Chemotherapy is a primary treatment or adjuvant treatment used to shrink or eliminate tumors through the administration of powerful drugs. Thus, increasing cases of cancer fuel the demand for chemotherapy procedures. As per the estimates by the International Agency for Research on Cancer (IARC), 19.3 million new cancer cases were reported globally in 2020, and ~10 million deaths occurred due to the disease. According to the National Cancer Registry (NCR), in South Africa, about 110,000 new cancer cases were diagnosed, with over 56,000 cancer-related deaths in 2020. Moreover, the disease burden is projected to increase in the coming decades, with new cancer cases estimated to rise to 138,000 and 175,000 by 2030 and 2040, respectively, while cancer-related mortality will rise to 73,000 and 94,000 in the said years. Thus, the rising prevalence of cancer drives the vascular access devices market growth.

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Vascular Access Devices Market: Strategic Insights

vascular-access-devices-market
Market Size Value inUS$ 5.62 billion in 2022
Market Size Value byUS$ 10.29 billion by 2030
Growth rateCAGR of 7.9% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Report Segmentation and Scope:

The vascular access devices market analysis has been carried out by considering the following segments: product type, application, route of insertion, end user, and geography. The market, by product type, is segmented into short peripheral intravenous catheters, midline catheters, PICC (peripherally inserted central catheters), central catheters, implantable ports, and accessories. The market for the central catheter segment is further segmented into CICC (centrally inserted central catheter), FICC (femorally inserted central catheter), and others. Based on application, the vascular access devices market is segmented into drug administration, administration of fluid and nutrition, transfusion of blood products, and others.  Based on the route of insertion, the market is bifurcated into subcutaneous and intravenous. Based on end users, the market is segmented into hospitals and clinics, ambulatory surgical centers, and others. The scope of the vascular access devices market report entails North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, Japan, India, Australia, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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Segmental Analysis:

The vascular access devices market, by product type is segmented into short peripheral intravenous catheters, midline catheters, PICC (peripherally inserted central catheters), central catheters, implantable ports, and accessories. The market for the central catheter segment is sub segmented into CICC (centrally inserted central catheter), FICC (femorally inserted central catheter), and others. In 2022, the short peripheral intravenous catheter segment accounted for the largest vascular access devices market share, and the same segment is expected to record the highest CAGR during 2022–2030.

Based on application, the vascular access devices market is segmented into drug administration, administration of fluid and nutrition, transfusion of blood products, and others. In 2022, the drug administration segment held the largest share and is projected to register the highest CAGR during 2022–2030.

Based on the route of insertion, the vascular access devices market is bifurcated into subcutaneous and intravenous. The intravenous segment held a larger market share in 2022 and is anticipated to record a higher CAGR during 2022–2030.

By end user, the market is segmented into hospitals and clinics, ambulatory surgical centers, and others. The vascular access devices market for the hospitals and clinics segment is likely to grow during 2022–2030.

Vascular Access Devices Market Share, by Route of Insertion – 2022 and 2030

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Regional Analysis:

North America is the biggest contributor to the global vascular access devices market growth. Asia Pacific is predicted to register the highest CAGR in the market during 2022–2030. North America held the largest share of the global market in 2022 owing to the growing prevalence of chronic disorders, increasing geriatric population, presence of key market players involved in new and existing product developments, and rising technological advancements. In North America, the US held the largest market share in 2022.

Industry Developments and Future Opportunities:

The vascular access devices market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases. According to the press releases published by the key market players, a few strategies are listed below:

  • In November 2023, BD (Becton, Dickinson, and Company) launched new needle-free blood draw technology, which is compatible with integrated catheters, helping to enable the company's vision of a "One-Stick Hospital Stay." The PIVO Pro Needle-free Blood Collection Device features design improvements to achieve compatibility with integrated and long peripheral IV catheters, which include the new Nexiva Closed IV Catheter System with NearPort IV Access.
  • In May 2023, Teleflex Inc. launched two new devices—Arrow VPS Rhythm DLX Device and NaviCurve Stylet—designed to enhance the PICC insertion procedures and reduce the chance of complications. The VPS Rhythm DLX Device provides real-time catheter tip location information by using the patient’s cardiac electrical activity. The NaviCurve Stylet features an anatomical curve and flexible tip that are designed to self-orient to patient anatomy for enhanced PICC advancement into the superior vena cava (SVC) for successful insertion.

Competitive Landscape and Key Companies:

Teleflex Inc, BD, B. Braun SE, Terumo Medical Corporation, Medtronic, Fresenius Kabi, Baxter, Vygon SAS, Kimal, and Access Vascular Inc are among the prominent players profiled in the vascular access devices market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. These companies focus on geographic expansions and new product launches to fulfill the growing demand from consumers across the world and increase their product range in specialty portfolios. Their global presence allows them to serve a large customer base, subsequently facilitating market expansion.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type, Application, Route of Insertion, End User, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is vascular access devices?

Vascular access devices are placed using a number of anatomic sites to access the superior or inferior vena cava: the internal jugular vein, subclavian vein, external jugular vein, and femoral vein. The growing market size is attributed to the increasing prevalence of chronic diseases and increasing chemotherapy procedures. In addition, strategic initiatives by companies to stay competitive in the market are fueling the market growth. Significant increase in use of AI-enabled robotic venous access devices is likely to bring new vascular access devices market trends during the forecast period.

What are the driving and restraining factors for the vascular access devices market?

The increasing cases of chronic disorders and growing demand of chemotherapy procedures are factors predominently driving the vascular access devices market size. However, the high cost associated with placement of vascular access devices hinders the market growth.

Who are the major players in market the vascular access devices market?

The vascular access devices market majorly consists of the players such Teleflex Inc, BD, B. Braun SE, Terumo Medical Corporation, Medtronic, Fresenius Kabi, Baxter, Vygon SAS, Kimal, and Access Vascular Inc

Which segment is dominating the vascular access devices market?

The vascular access devices market, by treatment type, is segmented into short peripheral intravenous catheters, midline catheters, PICC (peripherally inserted central catheters), central catheter, implantable ports, and accessories. Central catheter is further divided into CICC (centrally inserted central catheter), FICC (femorally inserted central catheter), and others. In 2022, the short peripheral intravenous catheter segment held the largest vascular access devices market share and is expected to record the highest CAGR during 2022–2030.
Based on application, the market is segmented into drug administration, administration of fluid & nutrition, transfusion of blood products, and others. In 2022, the drug administration segment held the largest vascular access devices market share and is projected to record the highest CAGR during 2022–2030.
Based on route of insertion, the market is bifurcated into subcutaneous and intravenous. The intravenous segment held a larger share of the vascular access devices market in 2022 and is anticipated to record a higher CAGR during 2022–2030.
Based on end user, the market is divided into hospitals and clinics, ambulatory surgical center, and others. The vascular access devices market size for the hospitals and clinics segment is likely to surge during 2022–2030.

Which region is dominating the vascular access devices market?

Based on geography, the vascular access devices market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). North America is the largest contributor to the growth of the global vascular access devices market. Asia Pacific is expected to register the highest CAGR in the vascular access devices market during 2022–2030.

The List of Companies - Vascular Access Devices Market

  1. Teleflex Inc
  2. BD
  3. B. Braun SE
  4. Terumo Medical Corporation
  5. Medtronic
  6. Fresenius Kabi
  7. Baxter
  8. Vygon SAS
  9. Kimal
  10. Access Vascular Inc

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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