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Why are the chest implants most common venous procedure device application area?
Big data and analytics will drive patient outcomes in a big way, and the coming years will witness a growing emphasis on healthcare service providers in the business of gathering and processing patient health data.Click HERE to Get Complete Synopsis of the Report- https://www.factmr.com/report/venous-procedure-devices-market
Award-winning consulting firm Fact.MR recently published a report on the global venous procedure devices market, for the forecast period 2021-2031. According to the study, the market is projected to surpass US$ 3 billion in value by the end of the aforementioned forecast period (2021 to 2031), expanding at a CAGR of around 6%. Growth is majorly influenced by an increase in vascular disease procedures.
Historically, the market posted credible gains, being valued at around US$ 2 billion in 2019. A host of established as well as incumbent market players are scrambling to secure a firm footing in the landscape. AIincreasing number of startups are capitalizing on incremental opportunities presented by key segments across the venous procedure devices market.
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Inari Medical, for instance, offers the Flow Triever catheter-based thrombectomy device shown to extract significant amounts of clot from large blood vessels. It has a self-expanding Nitinol framework designed to engage, disrupt and remove emboli from blood vessels with minimal trauma. Likewise, Silk Road Medical produces devices for Transcarotid artery revascularization (TAR) procedure for carotid artery disease. Its products include the EnRoute Transcarotid Neuroprotection and the EnRoute Stent system.
“Purpose-built venous stents offer promising growth prospects, attributed to their ability to achieve efficient arterial pulsation and mobility for treating occlusion diseases. Hence, prominent manufacturers are collaborating with medical technology consulting firms to deepen their outreach,” comments a Fact.MR analyst.
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Market Segmentation
By Product
Venous Stents
Drug Eluting Venous Stents
Non-drug Eluting Venous Stents
Catheters
Central Venous Catheters
Subcutaneous (Implanted) Ports
Peripherally Inserted Central Catheters (PICC)
Guidewires
Standard
High Support
Flexible
Chronic Total Occlusion
Others
By Application
Leg
Chest
Abdomen
Arm
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By Indication
Vascular Diseases
Chronic Deep Vein Thrombosis
Post-thrombotic Syndrome
May-Thurner Syndrome
Hemodialysis/Arteriovenous Fistulae
Others
Cancer
By End User
Hospitals
Ambulatory Surgical Centers
Specialty Clinics
Others
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Key Takeaways from Market Study
By product, central venous catheters to experience sharp incline amid greater effectiveness
By application, chest venous procedure devices to remain dominant, abdomen devices uptake expanding rapidly
Venous procedure devices for vascular diseases will experience robust incline through 2031
By end user, hospitals to remain primary source of venous procedure devices implanting
The U.S. to emerge as a potential growth hotspot amid increased prevalence of peripheral arterial disease
India to cement its dominance across the South Asian market
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Competitive Landscape
Medtronic Plc., Abbott Laboratories, Cook Medical, Cardinal Health, Becton Dickinson & Co. (BD), Terumo Corporation, Boston Scientific Corporation and Teleflex are some prominent venous procedure devices manufacturers. Most players rely on introducing new devices post regulatory approvals across key geographies, in addition to other expansion strategies such as collaborations, mergers & acquisitions and partnerships respectively.
For instance, in May 2019, Cordis, a Cardinal Health company, announced the full US launch of its RADIAL 360 portfolio, offering a complete range of products to facilitate the tranradial approach (TRA) for interventional cardiology. The portfolio consists of RAIN SheathTM Transradial Thin-Walled Introducer, RAILWAYTM Sheathless Access System and the ZEPHYR® Vascular Compression Brand among others
In April 2021, Becton Dickinson (BD) announced enrollment in its post-market studies of the WavelinQTM Arteriovenous Endovascular Fistula device which uses concomitant ulnar artery and ulnar vein in patients suffering from chronic kidney diseases, expected to enroll 280 participants through 30 days
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the venous procedure devices market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of product (stents, catheters, and others), application (leg, chest, abdomen, and arm), indication (vascular diseases and cancer), and end user (hospitals, ambulatory surgical centers, specialty clinics, and others) across five major regions of the world (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).
For More Insights: https://www.prnewswire.com/news-releases/blood-collection-tubes-for-liquid-biopsy-sales-set-to-grow-at-12-through-2021-factmr-301245568.html
Major Players operate within the market
Medtronic Plc.
Cardinal Health
Becton Dickinson & Co. (BD)
Terumo Corporation
Teleflex Incorporated
Boston Scientific Corporation
Optimed Medizinische Instrumente GmbH
Cook Medical
B. Braun Melsungen AG
Abbott Laboratories
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/6087/S
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About Fact.MR
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We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.
Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed.
Reach out to us with your goals, and we’ll be an able research partner.
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