Vascular Access Device Market Size Worth $ 7,817.9 Million By 2026 | CAGR: 7.0%

The global Vascular Access Device market size is expected to reach USD 7,817.9 million by 2026 according to a new study by WhipSmart MI Research. The report “Vascular Access Device Market By Product (Central Catheters ( PICCs, CVCs, Dialysis Catheters, Implantable Ports), Peripheral Catheters ( PIVCs, Midline Catheters), Ultrasound Devices, Accessories); By Application (Drug Administration, Fluid & Nutrition Administration, Diagnostics and Testing, Others); By Insertion Mode (Subcutaneous, Intravenous); By End-User (Hospitals, Clinics & Ambulatory Care Centers, Others)and By Regions, Segments & Forecast, 2019 - 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Get the details about the report on the below link -
https://whipsmartmi.com/report/vascular-access-device-market/

The unique COVID impact assessor from WhipSmart MI takes inputs such as economic growth forecasts, industry outlooks, analyses churned out by various global agencies such as IMF, World Bank, OECD along with covid indicators such as infection rates, death rates, vaccine news to assess how the growth rate for markets will change over the next two years – 2020 & 2021. These dashboards are updated every quarter and are available for 4000+ markets.

Global demographics trends depict growing ageing population, inducing higher prevalence of chronic diseases and health disorders. Rising number of patient-admits for medical care in the hospitals worldwide has driven the vascular access devices market size. Growing use of medical injections for drug delivery, nutritional supply, diagnosis, therapeutics, blood transfusions and others accompanied by technological development in the vascular administration have further enhanced the product adoption.

Vascular access devices (VADs) are the thin tube catheters used to deliver fluids/medicines through veins. VADS are commonly inserted into veins through central or peripheral vessels for therapeutic and diagnostic applications. High application scope for vascular access devices in antibiotic treatment, medications, chemotherapy, nutritional support, blood sampling, dialysis and blood transfusions will propel the industry growth.
VADs allow frequent access to the blood stream through veins and are minimal likely to clot making them suitable for large number of treatments such as chemotherapy, hyperalimentation and other IV drugs. These catheters once inserted are stable in place for larger period of time in terms of weeks and months.

Technological advancements in the vascular access devices will propel the industry demand. Emergence of new technologies such as ultrasound guided catheters are expected to foster the industry growth. Introduction of new product developments including multi lumen vascular catheters will further enhance the product adoption. Increasing number of investments in R&D to develop advance vascular access catheters will drive the market growth in forecast period
spending on digitization for secure exchange of knowledge within organizations, supports the marketplace for Vascular Access Device with the most important revenue contribution.

North America holds the most important share of the worldwide vascular access systems due to the cumulative aging population and extensive technological advancement. The demand for vascular access devices has increased in the us within the past five years, with a high percentage of patients receiving some type of vascular access treatment during their hospitalization.

The key players in the market Becton, Dickinson and Company (U.S.), C. R. Bard, Inc. (U.S.), Smiths Medical, Inc. (U.K.), Teleflex Incorporated (U.S.), B.Braun Melsungen AG (Germany), NIPRO Medical Corporation (Japan), Edwards Lifesciences Corporation (U.S.), Terumo Corporation (Japan), Vygon Ltd. (U.K.), Ameco Medical (Egypt), AngioDynamics (U.S.), Romsons Scientific & Surgical Pvt. Ltd. (India), and PRODIMED (France) among others. Development of distribution channels, novel product development and aggressive marketing campaigning are some of the success factors in the industry.

WhipSmart MI Market research has segmented the Vascular Access Device market report on the basis of product, end-user, application, insertion mode and region

Vascular Access Device Product Outlook (Revenue, USD Million, 2019 – 2026)
Central Catheters
Peripherally Inserted Central Catheter (PICCs)
Central Venous Catheters (CVCs)
Dialysis Catheters
Implantable Ports
Peripheral Catheters
Peripheral Intravenous Catheter (PIVCs)
Midline Catheters
Vascular Access Ultrasound Devices
Accessories

Vascular Access Device End-User Outlook (Revenue, USD Million, 2019 – 2026)
Hospitals
Clinics & Ambulatory Care Centers
Others

Vascular Access Device Application Outlook (Revenue, USD Million, 2019 – 2026)
Drug Administration
Fluid & Nutrition Administration
Diagnostics and Testing
Others

Vascular Access Device Insertion Mode Outlook (Revenue, USD Million, 2019 – 2026)
Subcutaneous
Intravenous

Vascular Access Device Regional Outlook (Revenue, USD Million, 2019 – 2026)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Russia
Asia Pacific
Japan
Korea
Latin America
Mexico
Brazil
Colombia
Middle East & Africa
Saudi Arabia
Israel

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About Whipsmart MI:
Whipsmart MI provides fact based consulting services in the B2B and B2C domains to help assess complex VUCA developments and provide strategic intelligence to achieve transformational growth by identifying niche high growth opportunities. We facilitate the growth journey through a unique approach using a multitude of inputs to assess changes in the marketplace, disruptive trends, technologies, whitespaces and adjacencies across industries that will eventually impact respective industry domains.
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This release was published on openPR.