Vascular Access Devices Market is Estimated to Grow at a CAGR of 5.7% within the forecast period of 2023-2030: Cognitive Market Research

Market Overview
- Vascular Access Devices (VADs) are medical devices that are used to establish and maintain access to a patient's bloodstream for the purpose of administering medications, fluids, and nutrition, or for withdrawing blood samples. VADs can be divided into two categories: short-term and long-term devices. Vascular access devices are used in a variety of medical settings, including hospitals, clinics, and at home. They are commonly used in patients with chronic illnesses, such as cancer, who require frequent access to their bloodstream, or in patients receiving long-term IV therapy.

Summary
- The Global Vascular Access Devices Market is projected to grow at a CAGR of 5.7% during the forecast period of 2023-2030.
- The rise in the geriatric population, the prevalence of chronic diseases, and the increasing healthcare infrastructure globally is the major driving factor for the growth of the Vascular Access Devices market.
- North America accounted for the largest market share in the Global Vascular Access Devices Market.

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Market Dynamics
- The rise in the geriatric population, the prevalence of chronic diseases and lifestyle disorders, and the increasing healthcare infrastructure globally drive the growth of the market. As vascular access procedures are widely used for intravenous antibiotic treatment, long intravenous nutritional support, and drawing of blood samples. Thus, this is anticipated to increase the demand for Vascular Access Devices. The increasing number of clinical trials conducted on the available technologies is expected to drive market growth.

Market Segmentation
By Product Type
- Short Peripheral Intravenous Catheters (Short PIVC)
- Huber Needles
- Midline Catheters
- Peripherally Inserted Central Catheters (PICC)
- Central Venous Catheter (CVC)
- Dialysis Catheters
- Implantable Ports
Based on Product type, Short Peripheral Intravenous Catheters (Short PIVC) held the major share in the year 2021 owing to the increasing number of surgeries and growing prevalence of chronic diseases worldwide.

By End-Use
- Hospitals
- Ambulatory care centers
- Other End users
Based on End-User, Hospitals accounted for a major share due to the presence of well-equipped healthcare facilities in hospitals.

- Major Players in Vascular Access Devices Market are: BD, C. R. Bard, Smiths Medical, Teleflex Incorporated, B.Braun Melsungen, NIPRO Medical Corporation, Edwards Lifesciences Corporation, Terumo Corporation, Vygon, Ameco Medical, AngioDynamics, Romsons Scientific Surgical, PRODIMED.

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- North America is a leading region of the Vascular Access Devices market.
North America held the major market share in the year 2021 owing to the presence of advanced healthcare infrastructure, an increasing number of surgical operations, and the rising prevalence of chronic illnesses in this region are accelerating the growth of the Vascular Access Devices market in North America.

News:
- ICU Medical acquired Smiths Medical from Smiths Group plc
In January 2022, ICU Medical Inc. has completed its acquisition of Smiths Medical from Smiths Group plc Summary. The acquisition added Smiths Medical syringe and ambulatory infusion devices, vascular access, and vital care products to the ICU Medical portfolio creating a leading infusion therapy company with a more robust global reach.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
1.1 Global Vascular Access Device Industry Introduction
1.2 Objectives of the Study
1.3 USP of the Report
1.4 Who is this report for?
1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
3.1 Global Vascular Access Device Market Size 2018 - 2030, (USD Million)
3.2 Global Vascular Access Device Market: Snapshot
Chapter 4 Global Vascular Access Device Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Vascular Access Device Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Vascular Access Device Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Vascular Access Device Market Regional Analysis
Chapter 11 North America Vascular Access Device Market Outlook (2018 - 2030)
Chapter 12 Europe Vascular Access Device Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Vascular Access Device Market Outlook (2018 - 2030)
Chapter 14 Latin America Vascular Access Device Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Vascular Access Device Market Outlook (2018 - 2030)
Chapter 16 Research Findings
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