Vascular Access Device Trends and Forecast
The future of the global vascular access device market looks promising with opportunities in the hospital, and clinics and ambulatory care center markets. The global vascular access device market is expected to reach an estimated $8.8 billion by 2030 with a CAGR of 6.9% from 2024 to 2030. The major drivers for this market are the rising number of chemotherapy operations, growing number of pediatric patients using vascular access devices, and increasing rates of illnesses linked to a lifestyle.Vascular Access Device by Segment
The study includes a forecast for the global vascular access device by type, application, end use, and region.Vascular Access Device Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Central Vascular Access Device
- Tunneled Catheters
- Non-Tunneled Catheters
- Implanted Ports
- Peripherally Inserted Central Catheters
- Peripheral Vascular Access Device
- Peripheral Midlines Devices
- Peripheral Short Devices
- Butterfly/Winged Steel Needles
Vascular Access Device Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Drug Administration
- Fluid and Nutrition Administration
- Blood Transfusion
- Diagnostics and Testing
- Others
Vascular Access Device Market by End Use [Shipment Analysis by Value from 2018 to 2030]
- Hospital
- Clinics and Ambulatory Care Centers
- Others
Vascular Access Device Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Vascular Access Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies vascular access device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the vascular access device companies profiled in this report include-- ICU Medical
- Teleflex
- B. Braun
- AngioDynamics
- Terumo Corporation
- Nipro Medical
- Medtronic
- Amecath
- Romsons
- Cook Medical
Vascular Access Device Market Insights
The publisher forecasts that drug administration will remain the largest segment over the forecast period due to increased use of vascular access devices for medication delivery, especially in the context of cancer and infection treatments.North America is expected to witness highest growth over the forecast period due to a favorable reimbursement system and large government expenditures on state-of-the-art medical equipment.
Features of the Global Vascular Access Device Market
- Market Size Estimates: Vascular access device market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Vascular access device market size by type, application, end use, and region in terms of value ($B).
- Regional Analysis: Vascular access device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, application, end use, and regions for the vascular access device market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the vascular access device market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the vascular access device market size?Answer: The global vascular access device market is expected to reach an estimated $8.8 billion by 2030.
Q2. What is the growth forecast for vascular access device market?
Answer: The global vascular access device market is expected to grow with a CAGR of 6.9% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the vascular access device market?
Answer: The major drivers for this market are the rising number of chemotherapy operations, growing number of pediatric patients using vascular access devices, and increasing rates of illnesses linked to a lifestyle.
Q4. What are the major segments for vascular access device market?
Answer: The future of the global vascular access device market looks promising with opportunities in the hospital, and clinics and ambulatory care center markets.
Q5. Who are the key vascular access device market companies?
Answer: Some of the key vascular access device companies are as follows:
- ICU Medical
- Teleflex
- B. Braun
- AngioDynamics
- Terumo Corporation
- Nipro Medical
- Medtronic
- Amecath
- Romsons
- Cook Medical
Answer: The publisher forecasts that drug administration will remain the largest segment over the forecast period due to increased use of vascular access devices for medication delivery, especially in the context of cancer and infection treatments.
Q7. In vascular access device market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to a favorable reimbursement system and large government expenditures on state-of-the-art medical equipment.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the vascular access device market by type (central vascular access device, tunneled catheters, non-tunneled catheters, implanted ports, peripherally inserted central catheters, peripheral vascular access device, peripheral midlines devices, peripheral short devices, and butterfly/winged steel needles), application (drug administration, fluid and nutrition administration, blood transfusion, diagnostics and testing, and others), end use (hospital, clinics and ambulatory care centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Vascular Access Device Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ICU Medical
- Teleflex
- B. Braun
- AngioDynamics
- Terumo Corporation
- Nipro Medical
- Medtronic
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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