MarketResearchNest.com adds “Global Vascular Access Devices Market 2017-2021” new reports to its research database. The report spread across 126 pages with tables and figures in it.
The analysts forecast the global vascular access devices market to grow at a CAGR of 5.65% during the period 2017-2021. VADs are used to deliver nutrients, fluids, and drugs such as antibiotics, analgesics, and antipyretics. They are also used for blood transfusion and correction of electrolyte imbalance in patients. These devices use the intravenous route of administration that allows rapid delivery of medication and fluids. The VADs include central vascular access devices also known as central venous access catheters (CVCs) and peripheral vascular access devices.
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Researcher recognizes the following companies as the key players in the global vascular access devices market: AngioDynamics, B. Braun Melsungen, Cook, C. R. Bard, Medtronic, and Teleflex.
Other Prominent Vendors in the market are: Amecath, Argon Medical Devices, BACTIGUARD, Baxter, BD, Biosensors International Group, Boston Scientific, CONMED, Edward Lifesciences, ENDOCOR, Foshan Special Medical, Guangdong Baihe Medical Technology, Intra special catheters, ISOMed, Jiangxi Sanxin Medtec, Kimal, Lepu Medical Technology (Beijing), Medical Components, Merit Medical Systems, NIPRO Medical, PLS Minimally Invasive Interventional Medical, PRODIMED, SCW MEDICATH, shenzhen Shunmei Medical, SILMAG, Smiths Medical, Terumo, TROGE MEDICAL, Xinxiang Tuoren Medical Devices, VOGT MEDICAL, Vygon, and ZOLL Medical.
Commenting on the report, an analyst team said: “One trend in the market is rising popularity of antimicrobial-coated VADs. VADs are the prominent way of facilitating fluids, medications, and intravenous nutrition for a broad range of patients, especially for people with chronic conditions such as cancer. VADs reach little longer and deeper into the major veins that are designed for long-term secure, durable IV access.”
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According to the report, one driver in the market is wide application of VADs. Vascular access for an oncology patient is of paramount importance to facilitate the infusion of chemotherapy drug directly into the bloodstream. Drug administration, blood sampling, replacement of fluids, and monitoring venous pressure are the major applications of PICC. The usage of VADs plays a key role in the management of oncology patients, as they need them in all three phases (initial phases of surgery or chemotherapy, during the advanced stage, and during the last stage for palliative measures). The high demand for VADs due to their widespread application for neonates, children, and adults is the major reason for the market growth.
Further, the report states that one challenge in the market is stringent regulations coupled with product recalls. Regulatory authorities imposed a stringent regulatory labeling and framework requirement for medical devices, especially for the devices used for cancer surgeries. These devices always pose a high risk and undergo safety examination to demonstrate medical efficacy before they get the approval. The US FDA prevents unsafe devices from entering the market. Also, long clinical trials and premarket approval applications to the US FDA are required for all Class II and Class III devices (devices that are life-sustaining or life-supporting).
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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