Uploaded on Jul 17, 2020
The global Vascular Access Device Market size is expected to reach USD 7.72 billion by 2027 according to a new study by Polaris Market Research
Vascular Access Device Market Size Worth $7.72 Billion By 2027 | CAGR: 7.7% |
Vascular Access Device Market
Set to Exceed $7.72 Billion By 2027 | CAGR 7.7%
“Vascular Access Device Market Share, Size, Trends,
Industry Analysis Report, By Type (Central Vascular
Access Devices, Peripheral Vascular Access Devices,
Other Accessories); By Application (Fluid and
Nutrition Administration, Drug Administration, Blood
Transfusion, and Diagnostics & Testing); By End User
(Hospitals, Clinics, Ambulatory Surgical Centers, and
Other End Users); By Regions; Segment Forecast,
2020 – 2027”
Vascular Access Device Market Estimate & Forecast to 2027
The global Vascular Access Device Market size is expected to reach USD 7.72 billion by 2027
according to a new study by Polaris Market Research.
Devices that are used to access venous irrespective of their location are known as vascular
access devices (VAD). The different types of VADs include centrally inserted central catheter
(CICC), peripheral intravenous catheters, and peripheral central catheter (PICC), and other
implanted venous ports. VADs are inserted into peripheral or central vessels for the
administration of fluids, antibiotics, parenteral nutrition, and blood sampling.
The selection VADs is extremely important in treating any particular medical condition to
reduce the risk of catheter bound infections. Healthcare practitioners should be aware of
selecting VADs with least number of the lumen and small French size to minimize infections
and thrombotic complications. For instance, people suffering with chronic kidney disorder
seeking central venous access should avoid placement PICC and CICC to avoid the
complication of venous stenosis and deep vein thrombosis.
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Vascular Access Device Market Scope
By Type By Application By End-Use By Region Report Attributes
Central vascular access devices
Peripherally inserted Drug Administration Hospitals North America Historic year: 2016-2018
central catheters
Tunneled catheters Fluid and nutrition Clinics Europe Base year: 2019
Non-tunneled catheters
Implanted ports administration Ambulatory Surgical Asia Pacific Forecast Year: 2020-2027
Peripheral vascular devices
Midline catheters Blood transfusion centers Latin America Middle Revenue (USD Billion)
Midclavicular catheters
Winged Steel needles Diagnostic and testing Other end users East & Africa
Accessories
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Vascular Access Device Market Estimate & Forecast to 2027
The factors responsible for the growth of global market are rising cases of chronic kidney
disorder (CKD), increasing cases of PAD and CAD among geriatrics, and preference of
patients towards minimal invasive surgeries is contributing to the worldwide demand of
vascular devices. According to the statistics published by Center for Disease Control and
Prevention (CDC), in 2019, more than 8.5 million U.S. citizens were suffering with peripheral
artery disease (PAD). People with PAD are more susceptible to develop coronary artery
disease, which could ultimately lead to strokes or cardiac arrhythmias.
Market participants such as Smiths Medical, Inc., Becton Dickinson and Company, C.R. Bard,
Inc., Teleflex Incorporated, B. Braun Melsungen Ag, Bluegrass Vascular Technologies,
Edwards Lifesciences Corporation, Angiodynamics Inc., Biomerics, Terumo Corporation,
Romsons Scientific & Surgical Pvt. Ltd, Nipro Medical Corporation, Ameco Medical, and Prodi
med are some of the key players operating in the concerned market. These players in the
industry possess a significant share in the global market. However, these significant players
face competition from local manufacturers in several countries. They adopt competitive
pricing to consolidate their market share. These vendors provide cost-effective equipment
with limited features and functionalities.
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Vascular Access Device Market Share
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About Us
Polaris Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business research services
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