Vascular Access Devices Market Size, Share, Demand, Outlook, Growth Rate, Forecast To 2027 Comed B.V., Smiths Medical, Inc., Vygon SA, ARGON MEDICAL, NIPRO, Terumo Corporation
Moreover, competitive analysis gives an obvious idea about the strategies used by the major competitors in the market which perks up their penetration in the market. This market report is an excellent resource that provides current as well as upcoming technical and financial details of the Medical Devices industry to 2027. The market drivers and restraints have been explained here using SWOT analysis. Market shares of key players in the major areas of the globe such as Europe, North America, Asia Pacific, South America, Middle East and Africa is also studied in this Vascular Access Devices Market report. No stone is left unturned while preparing this Vascular Access Devices Market research report and others.
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Global Vascular Access Devices Market is expected to account to USD 8.52 billion by 2027 expanding at a rate of 7.0% in the forecast period of 2020 to 2027. With significant shifts witnessed across the populated regions worldwide, the prevalence of lifestyle disorders have experienced a steady rise which is driving the global growth for vascular access devices market.
Major players covered in the report are:
Fresenius Medical Care AG & Co. KGaA,
B. Braun Melsungen AG,
Smiths Medical, Inc.,
Romsons among other players domestic and global.
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Vascular access devices are the diagnostic or therapeutic medical products inserted in the veins through central or peripheral vessels. These devices are majorly focused on sampling of blood, reading of venous pressure, providing medications, nutritional fluids, transfusions and parenteral nutrition delivery amongst other purposes.
There has been a directly positive impact on chemotherapy procedures with a considerable rise in cancer prevalence worldwide, which is one of the major factors behind the growth of vascular access devices market. There has been a renewed demand rate for these devices with the emergence of their wide-scale application in paediatric patients health care services. Increasing the preference of patients to participate in medical tourism is enhancing the demand rate for these devices from the various developing regions worldwide.
Various complications experienced with the usage of different catheters which has resulted in the product recalls from major market players amid the failure of their offerings, increasing stringency in regulations for product approval and commercialization have resulted in these factors restricting the growth of vascular access devices market in the forecasted period of 2020 to 2027.
This market report provides details of market share, new developments, product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Vascular Access Devices Market Country Level Analysis
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa as a part of Middle East & Africa, Brazil, Argentina and Rest of South America as part of South America.
North America will dominate the vascular access devices market due to the significant prevalence of cardiovascular disease and cancer cases throughout the United States, this has induced high consumption for vascular access devices while the authorities and major market players collaborate on advancing the existing technologies. Asia-Pacific will contribute to the vascular access devices market while witnessing the highest growth rate with the major authorities of the region focusing on developing advanced healthcare infrastructure in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Global Vascular Access Devices Market Scope and Market Size
Vascular access devices market is segmented on the basis of type, mode of insertion, application and end user. Each individual segment’s growth is analysed and these insights are subsequently considered before providing you with the market overview which can help you in understanding and identification of your core applications in the broad market.
On the basis of type, vascular access devices market has been segmented into central vascular access devices, peripheral vascular access devices and accessories. Central vascular access devices have been sub-segmented into peripherally inserted central catheters, tunnelled catheters, non-tunneled catheters and implanted ports. Peripheral vascular access devices are sub-segmented into midline catheter (short) devices/peripheral short devices, midclavicular catheter (midline) devices/peripheral midline devices and butterfly/winged steel needles.
On the basis of mode of insertion, market has been segmented into intravenous and subcutaneous.
Based on application, vascular access devices market has been segmented into drug administration, fluid & nutrition administration, blood transfusion and diagnostics & testing.
Vascular access devices market has been segmented on the basis of end user into hospitals, clinics & ambulatory care centers and others.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Vascular access devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for vascular access devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the vascular access devices market. The data is available for historic period 2010 to 2018.
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