The Global Vascular Access Device Market size is projected to grow from USD 3,500 million in 2021 to USD X, XXX million by 2028. The growth of the market can be attributed to the rising incidence rates of chronic diseases and increasing prevalence of cardiovascular diseases coupled with a high adoption rate of endovascular procedures for treatment.
Vascular Access Device (VAD) is a medical device that provides vascular access for intravenous therapy. Vascular access allows the administration of fluids and medications, as well as drawing blood samples from veins. The benefits of using vascular access devices include Improved patient outcomes and satisfaction – improved medication administration, reduced treatment time, and better management of chronic disease. Reduced costs for medical care providers (hospitals, clinics, etc.) – savings in the form of reduced staff/technician training hours required to use alternatives such as IV pumps or syringe drivers; lower labor costs due to increased compliance with related procedures because there is no need for experienced operators to be present during nursing shift changes. These factors lead to an overall reduction in the cost per procedure which results in a decrease in total expenditure over time by healthcare providers. Improved patient comfort and satisfaction. By removing the requirement for a needle to be inserted in most cases, patients can avoid some of the pain or discomfort associated with long-term IV therapy which leads to better compliance levels and less stress for both staff and patients during treatment.
On the basis of Type, the global vascular access device market is segmented into Central Vascular Access Devices, Peripheral Vascular Access Devices, and Accessories.
Central vascular access devices (CVAD), also known as central venous catheters, are used for the intravenous delivery of fluids and medications. They provide long-term or frequent infusions than other forms of IV lines. Central line types include peripherally inserted central catheter (PICC) which is placed in the upper arm to provide long-term antibiotic therapy; tunneled cuffed catheter that provides short-to mid-term chemotherapy treatments; Broviac, Hickman, or Portacath placement may place a port into the chest wall with tubing running under the skin to another location on the body surface where it can be accessed through a sterile needle insertion site called a non-coring cannula, Groshong provides more than one access point for fluid administration. Central lines can be placed in various locations on the body to provide different routes of access called "placement sites." These include subclavian, internal jugular, and femoral veins.
Peripheral Vascular Access Device (PVAD) is defined as a device that enables access to the peripheral circulation in order to perform various procedures such as blood withdrawal, IV infusion, and intra-arterial pressure monitoring. They include arterial catheters (single or multiple lumen), percutaneous central venous catheters (central lines), and peripherally inserted central catheters (PICC). Features: - Improve patient safety during initial vascular access creation - Decrease treatment time with faster procedures - Reduce complications and improve device performance.
The Accessories vascular access device is a non-tunneled implantable port that can be used for intravenous administration of medications, fluids, and blood products. These devices are available in different sizes where the larger ones have longer-lasting effects than smaller size implants. They are available in different sizes, which allow customization for each patient. These devices can be used with most major brands of needles and catheter introducers. They are available with or without tubing. They are available with a wide range of safety features. The safety features help prevent needle stick injuries and blood spillage, which can lead to infection.
On the basis of Application, the global vascular access device market is segmented into Hospitals, Clinics and Ambulatory Care Centers, and Others.
Vascular access devices are used for intravenous insertion, blood collection, and treatment of people in hospitals. For example, needleless connectors allow the easy transition between administration sets (devices) and containers (stands), heparin locks that prevent coagulation inside catheters to avoid complications like thrombosis or infiltration; vascular closure devices designed to minimize bleeding after puncturing a vein.
There are various applications of vascular access devices. Clinics use the devices for treatment and diagnosis such as dialysis, chemotherapy administration, blood transfusions, fluid resuscitation, and parenteral nutrition among others. The vascular access device is widely used across Ambulatory Care Centers such as emergency departments, pediatrician’s offices, etc., where it supports clinicians with improved patient care by increasing treatment options without inconvenience which ultimately helps them reduce the length of stay (LOS) along with increased revenue stream from outpatient treatments.
On the basis of Region, the global vascular access device market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Latin American vascular access device market is expected to grow at a significant rate from 2020. The growth of this market can be attributed to the increasing prevalence of chronic diseases such as hypertension, diabetes, and coronary artery disease in these regions. The market for European vascular access devices is expected to grow during the forecast period. A rise in the number of surgeries and catheterization procedures are the major drivers that will help this market grow. The market for vascular access devices in the Asia Pacific is expected to grow at a CAGR of around 14% during the forecast period. This growth can be attributed to factors such as the rising geriatric population, increasing incidence of chronic diseases, and a growing number of surgeries among others. The Middle East & Africa vascular access device market is expected to grow at the CAGR of 13% over the period 2018-2028.
The factors driving the growth of The global vascular access device market include the increasing prevalence and incidence rate of diabetes, a growing number of hemodialysis patients across the world, rising demand for minimally invasive surgeries such as laparoscopic surgery (key factor fuelling the adoption rates), etc. Further, the growth of the global vascular access device market is propelled by factors such as the increasing geriatric population, rising prevalence of chronic diseases, growing preference for minimally invasive surgeries, and technological advancements.
Up Market Research published a new report titled “Vascular Access Device Market research report which is segmented by Types (Central Vascular Access Devices, Peripheral Vascular Access Devices, Accessories), By Applications (Hospitals, Clinics and Ambulatory Care Centers, Others), By Players/Companies BD, C.R.Bard, Teleflex, Smiths Medical, B Braun, Angiodynamics, Terumo, Nipro, Edwards, Amecath, Romsons, Plastimed”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Vascular Access Device Market Research Report |
By Type | Central Vascular Access Devices, Peripheral Vascular Access Devices, Accessories |
By Application | Hospitals, Clinics and Ambulatory Care Centers, Others |
By Companies | BD, C.R.Bard, Teleflex, Smiths Medical, B Braun, Angiodynamics, Terumo, Nipro, Edwards, Amecath, Romsons, Plastimed |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 228 |
Number of Tables & Figures | 160 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Central Vascular Access Devices, Peripheral Vascular Access Devices, Accessories and By Application Hospitals, Clinics and Ambulatory Care Centers, Others.
Some of the companies that are profiled in this report are:
Vascular Access Device Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Vascular Access Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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