Vascular Access Devices Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025– Increasing adoption of technologically advanced equipment for disease diagnosis and therapeutics is the key factor driving the growth of Global Vascular Access Device Market.
Vascular Access Device Market is valued at USD 5209.3 Million in 2018 and expected to reach USD 8095.2 Million by 2025 with the CAGR of 5.66 % over the forecast period.
Vascular access device (VAD) are inserted into veins through peripheral or central vessels for diagnostic or some therapeutic reason such as blood sampling central venous pressure readings, administration of medication, fluids, total parenteral nutrition (TPN) and blood transfusions. Major factors driving the market growth are changing lifestyle in several parts of the world are associated with chronic diseases such as, cardiac diseases, obesity and diabetes and due to this, adoption of technologically advanced equipment for disease diagnosis and therapeutics become necessary. Vascular access devices include intravascular devices which inserted into peripheral veins, peripheral arterial devices, central venous catheters and peripherally inserted central catheters (PICC lines). These devices allow the easy administration of fluids, blood products and medications; and can permit monitoring of hemodynamic function, dialysis and collecting of blood specimens.
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Global vascular access device market report is segmented on the basis of product, application, rout of insertion, end-user industry and region & country level. Based upon product, global vascular access device market is segmented into peripheral catheter, peripheral intravenous, medline catheters, peripherally inserted central catheter, central venous catheters, hemodialysis catheters and accessories. Based on application, the vascular access device market is segmented into medication administration, administration of fluids t& nutritional compound, transfusion of blood product and diagnostic testing. Based on rout of insertion, the Vascular access device market is segmented into subcutaneous and intravenous. Based on end-user industry, the vascular access device market is segmented into hospitals, clinics, ambulatory surgery center and diagnostic laboratories.
The regions covered in this Global Vascular Access Device Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of vascular access device is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Vascular Access Devices Market Report-
Betcon, Dickinson and Company, C.R. Bard, Inc., Smiths Medical, Inc., Teleflex Incorporated, NIPRO Medical Corporation, Edwards Lifesciences Corporation, Romsons Scientific & Surgical Pvt. Ltd., PRODIMED and others.
Tack Endovascular System Launched in the USA, First Commercial Use Announced.
May 07, 2019; Intact vascular is a privately held medical device company that develops minimally invasive peripheral balloon angioplasty. Intact vascular launched its new device Tack Endovascular System in multiple sites across the USA. Recently FDA-approved for above-the-knee interventions, the first-of-its-kind dissection repair device is implanted post angioplasty to resolve dissections in patients with peripheral arterial disease (PAD). The Tack Endovascular System is designed to repair dissections in peripheral balloon angioplasty. Additionally, the Tack Endovascular system is designed to minimize vessel inflammation, promote healing, improve outcomes and preserve future treatment options for peripheral arterial disease patients. Nicolas. W. Shammas, founder and research director at Midwest Cardiovascular Research Foundation in Davenport, USA Stated that, Dissection are an unavoidable consequence of balloon angioplasty but now with the Tack Endovascular System, we have an effective minimal metal solution to treat dissections above-the-knee, further improving its angioplasty outcomes.
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Increasing Adoption of Technologically Advanced Equipment for Disease Diagnosis and Therapeutics is the Key Factor Driving the Market Growth
Vascular access devices are medical apparatus used to gain access to the bloodstream into blood vessels which are flexible and hollow tubes. These tubes made by silicon, latex and other materials that introduce in veins to deliver medicine, nutritional compounds, administer fluids and some blood products and blood. The expansion of this market is attributed to increasing geriatric population and the rising frequency of kidney failure, diabetes, cancer and many other diseases. In the expansion of new and an inventive product includes drug coated catheters and anti-microbial coated catheters which minimized the occurrence of catheter related infections and complications is the result of technical development in the field of vascular device market. The favorable action of government towards reimbursement policies is also supplementing the market growth. However, lack of regulatory may hamper market growth. In spite of that, increasing investment in research and development can provide some opportunities in vascular device market growth.
North America is Expected to Dominate the Global Vascular Access Device Market
Geographically, the report shows the opportunities available in the global vascular access devices market in the regions of North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. But currently, North America is the lucrative region for this market owing to rising prevalence of lifestyle inflicted diseases, growing cancer and diabetes cases, robust healthcare infrastructure in countries such as the U.S. and Canada. In addition, high adoptability rate of new technology also foster the demand for vascular access devices due to a high percentage of patients receiving some sort of vascular access treatment during their hospitalization in this region. On the other hand, Asia Pacific is also projected to expand the demand consistently throughout the forecast period as emerging economies such as India, Japan, South Korea, China, and Malaysia are improving their healthcare facilities and these regions contain the half of world’s population and leading players of the market are investing in these countries to expand their product reach.
Key Benefits for Global Vascular Access Device Market Report–
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
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Vascular Access Device Market Segmentation: –
- Peripheral Catheter
- Peripheral Intravenous
- Peripherally Inserted Central Catheter
- Medline Catheters
- Hemodialysis Catheters
- Central venous Catheters
- Medication Administration
- Transfusion of blood product
- Diagnostic Testing
- Administration of fluids T & Nutritional Compound
By Rout of Insertion:
By End-User Industry:
- Ambulatory Surgery Center
- Diagnostic Laboratories
By Regional & Country Analysis:
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
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