Insightace Analytics Pvt. Ltd. announces the release of a market assessment report on the “Global Vascular Access Device Market- by Product (Portal Access Needles, Implantable Ports, Sheath Introducer, IV Safety Catheters, Central Venous Catheter, Peripherally Inserted Central Catheter and Catheter Stabilization), End-User (General Anesthesia, Regional Anesthesia, Oncology, Pain Management, Adult Critical Care, Neo Critical Care and Home and Alternate Care), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by Insightace Analytics, the global Vascular Access Device Market Size is valued at 1500.0 Million in 2022 and is predicted to reach 2498.4 Million by the year 2031 at a 5.9 % CAGR during the forecast period for 2023-2031.
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Vascular access devices (VADs) play a crucial role in various diagnostic and therapeutic procedures, including measuring central venous pressure, administering fluids, drawing blood samples, monitoring total parenteral nutrition, and conducting blood transfusions. These devices are typically inserted into veins through peripheral vessels, providing a reliable method for accessing the bloodstream.
The massive increase in cancer prevalence is one of the key factors propelling the market for vascular access devices over the forecast mentioned above. Additionally, the widespread use of these devices in pediatric patient health care services has increased demand for these devices, which has boosted the market’s overall growth. The market will expand faster widespread as people choose medical tourism in more significant numbers. The market’s expansion is hampered by factors like the many issues associated with using various catheters, which have led to product recalls from leading industry players due to the failure of their offerings.
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North America is anticipated to be the major contributor to the vascular access device market over the forecast years due to the rising incidence of cancer cases and the prevalence of cardiovascular disorders. Additionally, the number of vascular access device clinical trials and occurrences of diseases linked to lifestyle are both fueling market expansion in the area. In addition, the Asia Pacific Vascular Access Device market is expected to grow significantly during the forecast period.
Major market players operating in the vascular access device market include
Teleflex Incorporated, Districlass medical, Guangdong Baihe Medical Technology, HEKA Srl, F.B. Medical, I beg – Instituto de Bioengenharia Erasto Gaertner, Smiths Medical, Inc., B Braun Melsungen AG, COOK Medical, Angiodynamics (Navilyst Medical, Inc), PakuMed medical products, Perouse Medical, Vygon S.A., Edwards Lifesciences Corporation, Ameco Medical, Romsons Scientific & Surgical Pvt. Ltd., Terumo Corporation, Nipro Medical Corporation, Merit Medical Systems, Inc., and Prodimed.
Recent collaborations and agreements in the market:
- In July 2022, the new Introcan Safety 2 IV Catheter from B. Braun Medical Inc. (B. Braun) has a one-time blood control. The newest innovation from B. Braun makes IV access safer for the clinician by lowering the possibility of needlestick injuries and their exposure to blood with the Introcan Safety 2 IV Catheter.
- In June 2021, a needle-free vascular access solution was introduced by medK. The needle-free connection typically decreases the risk of needle sticking, which typically provides access to the fluid lines.
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Market Segments
Global Vascular Access Device Market, by Product, 2023-2031 (Value US$ Mn)
- Portal Access Needles
- Implantable Ports
- Sheath Introducer
- IV Safety Catheters
- Central Venous Catheter
- Peripherally Inserted Central Catheter
- Catheter Stabilization
Global Vascular Access Device Market, by End-User, 2023-2031 (Value US$ Mn)
- General Anesthesia
- Regional Anesthesia
- Oncology
- Pain Management
- Adult Critical Care
- Neo Critical Care
- Home and Alternate Care
Global Vascular Access Device Market, by Region, 2023-2031 (Value US$ Mn)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America Vascular Access Device Market, by Country, 2023-2031 (Value US$ Mn)
- S.
- Canada
Europe Vascular Access Device Market, by Country, 2023-2031 (Value US$ Mn)
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific Vascular Access Device Market, by Country, 2023-2031 (Value US$ Mn)
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America Vascular Access Device Market, by Country, 2023-2031 (Value US$ Mn)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa Vascular Access Device Market, by Country, 2023-2031 (Value US$ Mn)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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