Medical Health & Life Science Research News

Research details developments in the vascular access devices market

Medical Market Research

The demand in the global market for vascular access devices, which are medical devices made of hollow and flexible tubes of latex or silicone that enable an access to the bloodstream, has been consistently incrementing owing to growing number of surgeries performed each year across the world. Vascular access devices are used to perform diagnostic tests, reading central venous pressure, blood sampling, blood transfusion, and fluid infusion.

The vascular access devices market Make an Inquiry about this news is largely consolidated, with the top five players accounting for a share of over 72.0% in 2015. C.R. Bard, B. Braun Melsungen AG, Teleflex, Inc., Becton, Dickinson and Company, and Fresenius Medical Care dominated the scene that year.

Transparency Market Research finds that the vascular access devices market displays intense competitive rivalry among the existing players owing to the presence of several large global players and a few local manufacturers of implantable devices. 

View Report at…vices-market.html Make an Inquiry about this news

The global vascular access devices market is anticipated to expand at a CAGR of 6.0% from 2016 to 2024, rising from a value of US$5.1 bn in 2015 to US$8.6 bn by 2024.

By volume, the market is projected to register a 5.4% CAGR during the forecast period.

Rising Use of Vascular Access Devices in Hospitals

In terms of percentage share contribution by product, the peripheral catheters segment is expected to account for 60.3% by 2024, emerging as the leading segment by value. The segment is also projected to present highly lucrative opportunities for players in the vascular access devices market.

By application, the medication administration segment takes the lead and is expected to reflect a gain in market share by the end of the forecast period.

On the basis of route of insertion, the intravenous segment is expected to gain market share by 2024, retaining its dominance in the overall vascular access devices market. Based on end use, hospitals accounted for a major share in 2015.

The segment is expected to witness strong growth during the forecast period and retain its dominance through 2024. Geographically, North America accounted for a 40.8 % share in the global vascular access devices market in 2015 and is expected to continue its dominance during the forecast period.

Growing Incidence of Lifestyle-associated Diseases a Key Growth Driver

The incidence of lifestyle-associated diseases such as diabetes, blood pressure, and obesity has increased in the recent past and this can be attributed to factors such as unhealthy lifestyle and diet and a lack of exercise. The International Diabetes Federation (IDF) reported that in 2014, an estimated 338 mn people were diagnosed with diabetes, and the WHO found that around 1.9 bn adult population was obese or overweight in 2014.

“This growing incidence in lifestyle diseases propels the need for hospitalization, thereby driving the demand for vascular access devices,” the author of the report states.

Get accurate market forecast and analysis on the Vascular Access Devices Market. Request a sample to stay abreast on the key trends impacting this market.…S&rep_id=2200 Make an Inquiry about this news

Other factors driving the global vascular access devices market include the rise in favorable reimbursement policies, an increase in the incidence of target diseases such as cancer, the surge in per capita healthcare expenditure, growing medical tourism in several developing nations, technological innovations, and the shifting focus of the government toward providing improved healthcare facilities.

On the flip side, increasing pricing pressure, stringent regulatory approvals, and a high chance of catheter-associated risks threaten to impede the widespread adoption of vascular access devices.

This review is based on the findings of a TMR report titled “Vascular Access Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024.”

  • Global Vascular Access Devices Market, by Product
  • Peripheral Catheters
  • Peripheral Intravenous Catheters (PIVC)
  • Midline Catheters
  • Central Catheters
  • Peripherally Inserted Central Catheters (PICC)
  • Central Venous Catheters (CVC)
  • Hemodialysis Catheters
  • Implantable Ports
  • Accessories
  • Global Vascular Access Devices Market, by Application
  • Medication Administration
  • Administration of Fluids T& Nutritional Compounds
  • Transfusion of Blood Products
  • Diagnostic Testing
  • Global Vascular Access Devices Market, by Route of Insertion
  • Subcutaneous
  • Intravenous
  • Global Vascular Access Devices Market, by End-users
  • Hospitals
  • Clinics
  • Ambulatory Surgery Centers
  • Diagnostic Laboratories
  • Global Vascular Access Devices Market, by Geography
  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa


News From

Transparency Market Research - In-depth AnalysisTransparency Market Research
Category: Market Research Publishers and RetailersCompany about: TMR provides a range of marketing and business research solutions designed for your specific needs. From off-the-shelf syndicated business And market research to made-to-order custom research, we serve our clients to fulfill their immediate as well as ongoing research requirements.      We specialize in the following areas:   Syndicated Research Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemical, energy, food & beverage ...
This email address is being protected from spambots. You need JavaScript enabled to view it.

For more information:

Make an Inquiry about this report HERE!