Vascular Access Devices Market Analysis Report - Growth Insights 2028

MARKET OVERVIEW

Vascular access devices are medical devices used to establish access to the vascular system for administering fluids, medications, and nutrition. The market for these devices is expected to grow due to an aging population, a rise in chronic diseases, and technological advancements. There are various vascular access devices, such as central venous catheters, peripheral venous catheters, and arterial catheters. The central venous catheter segment is expected to hold the largest share of the vascular access devices market due to its wide range of applications in critical care and oncology.

MARKET SCOPE

The "Global Vascular Access Devices Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the vascular access devices market with detailed market segmentation by type, application, end user, and geography. The report provides key statistics on the market status of the leading vascular access devices market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• The type segment includes Central Vascular Devices and Peripheral Vascular Devices. Peripheral vascular devices segment is further subsegmented into midline catheters, midclavicular catheter, and winged steel needles. Central vascular devices segment is further subsegmented into, tunneled catheters, non-tunneled catheters, and implanted ports.
• Based on application, the market is segmented as, Fluid & Nutrition Administration, Drug Administration, Diagnostics & Testing, and Blood Transfusion.
• Based on end user, the market is classified as, Hospitals, Ambulatory Care Center and Clinics

MARKET DYNAMICS

Drivers

• Growing prevalence of lifestyle diseases.
• Increase in the number of chemotherapy procedure.

Restraints

• High Costs Involved in the Placement and Maintenance of Vascular Access Devices
• Product Recalls and Failures

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The vascular access devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the vascular access devices market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the vascular access devices market in these regions.

IMPACT OF COVID-19 ON VASCULAR ACCESS DEVICES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the vascular access devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from vascular access devices market are anticipated to lucrative growth opportunities in the future with the rising demand for vascular access devices in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vascular access devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• B Braun Melsungen AG
• NIPRO Medical Corporation
• Smiths Medical
• Becton, Dickinson, and Company
• Terumo Corporation
• Teleflex Incorporated
• Edwards Lifesciences Corporation.
• AngioDynamics
• Ameco Medical
• Vygon Ltd