Vascular Access Device Market Estimated to Rise Profitably with CAGR of 6.5% during 2019 – 2023 (B. Braun Melsungen AG, Baxter, Medtronic PLC, Nipro Medical, Smiths Medical, Terumo)

Marketprognosis.com Publish a New Market Research Report On “Global Vascular Access Device Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Vascular Access Device Market:

The Global Vascular Access Device Market is expected to register a CAGR of nearly 6.5% during the forecast period of 2019 - 2023.

With the rising number of surgeries being performed in hospitals worldwide, the demand for vascular access device market is mounting, as it is used to enable easy access to the bloodstream through hollow and flexible tubes of latex or silicone. The regional analysis shows that North America is highly lucrative region for companies growth due to the well-established healthcare infrastructure, high adoption rate of new technologies and increasing lifestyle-related disorders.

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The rising prevalence of lifestyle related to disorders is one of the primary factors driving the vascular access device market. These include diseases such as cardiovascular diseases, diabetes, and obesity, amongst others. Obesity and overweight are the most common diseases among youth globally. As per the 2017 study published in the Scientific Research Publication, the rate and risk of cancers among students in Europe and North America are similar and increasing at a significant rate. A substantial difference in cancer rate was observed in Western countries and developing countries with less incidence rate. However, over 61% of annual deaths in India are due to lifestyle or non-communicable diseases (NCDs) particularly due to shortage of technical advancement and workforce potential in the hospitals. Thus, with the increased rate of hospitalizations, the global demand for vascular access device advances.

The high risk of diseases associated with the long use of catheters is one of the major factors restricting the growth of this market. In certain patients, the poor veins make them unsuitable for the placement of the catheter, and in others, long-term access to the veins raises the risk of vein damages. Also, catheter-related bloodstream infection (CRBSI) is among the most common, lethal and high cost associated complications of the central venous catheterization. This increases both intensive care unit (ICU) stay and mortality rate. Therefore, these factors lead to impedance of vascular access devices market.

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The Asia-Pacific region is expected to grow at a healthy CAGR between the periods 2019 to 2023 and should provide huge investment opportunities for the vascular device companies in countries, such as India, China, and Japan. These countries have shown a high rate of economic growth in recent years and have a large population with diversified patient pool. With improving healthcare facilities due to the involvement of private sectors companies collaborating with multinational companies and government authorities.

Major Key Players:

1 B. Braun Melsungen AG

2 Baxter

3 Becton, Dickinson and Company

4 Fresenius Medical Care AG & Co. KGaA

5 Medtronic PLC

6 Nipro Medical Corporation

7 Siemens Healthineers

8 Smiths Medical, Inc.

9 Teleflex Incorporated

10 Terumo Corporation

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Vascular Access Device Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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