Vascular Access Devices Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Medtronic plc, Siemens Healthineers, Fresenius Medical Care AG & Co. KGaA, Becton Dickinson and Company (BD)

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The Business Research Company offers in-depth market insights through Vascular Access Devices Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The vascular access devices market size has grown strongly in recent years. It will grow from $5.3 billion in 2023 to $5.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to rising chronic diseases, aging population, healthcare infrastructure growth, increasing surgical procedures, awareness and training.

The vascular access devices market size is expected to see strong growth in the next few years. It will grow to $7.48 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to advancements in material science, rise in ambulatory care, globalization of healthcare, telemedicine and remote, focus on infection control. Major trends in the forecast period include focus on infection prevention and antimicrobial technologies, surge in demand for specialty vascular access devices, emphasis on training and education for healthcare professionals, collaborative efforts for product development and market expansion..

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Market Segmentation:
The main types of vascular access devices are central vascular access devices and peripheral vascular access devices. Central vascular access devices are medical devices designed for inserting catheters into larger veins, typically located near the body's center. They are used for various applications including drug administration, fluid and nutrition administration, blood transfusion, and diagnostics and testing by various end-users such as hospitals, clinics, ambulatory care centers, and others.

Major Driver - Lifestyle Diseases Fueling Growth in the Vascular Access Devices Market
The growing prevalence of lifestyle diseases is expected to propel the growth of the vascular access devices market going forward. Lifestyle diseases, also known as non-communicable diseases (NCDs) or chronic diseases, are a group of health conditions that are primarily caused by unhealthy lifestyle choices and behaviors rather than infectious agents. These diseases often require ongoing treatment and care, making vascular access devices essential for the safe and effective delivery of medications and therapies. For instance, in September 2022, according to the World Health Organization, a Switzerland-based intergovernmental organization, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases every year globally. There were 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Therefore, the growing prevalence of lifestyle diseases is driving the growth of the vascular access devices market.

Competitive Landscape:
Major companies operating in the vascular access devices market report are Medtronic plc, Siemens Healthineers, Fresenius Medical Care AG & Co. KGaA, Becton Dickinson and Company (BD), Baxter International Inc., Boston Scientific Corporation, Medline Industries LP, Terumo Corporation, Edwards Lifesciences Corp., B. Braun Melsungen AG, Teleflex Incorporated, ICU Medical Inc., Cook Medical, Merit Medical Systems Inc., Biotronik Inc., AngioDynamics Inc., Argon Medical Devices Inc., Nipro Medical Corporation, pfm medical ag, Amecath Medical Technologies, Romsons Group, Medical Components Inc., Access Vascular Inc., Newtech Medical Devices Pvt. Ltd., Vygon USA

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Top Trend - Innovative Vascular Access Devices Revolutionize Care with TipTracker Technology
Major companies operating in the vascular access devices market are increasing their focus on developing more efficient devices using advanced technologies such as TipTracker technology to gain a competitive edge in the market. The TipTracker Technology provides real-time visual navigation, tracing the catheter pathway on a color screen, and helps confirm final tip placement. For instance, in May 2023, Teleflex Incorporated, a US-based producer of medical devices, launched two new devices VPS Rhythm and DLX Device. This incorporates TipTracker technology, which eliminates the need for confirmatory X-rays, streamlining the peripherally inserted central catheter (PICC) insertion process. Additionally, this ensures enhanced PICC advancement into the superior vena cava (SVC) for successful insertion. The launch of the VPS Rhythm and DLX Device adds value by improving patient care, expanding treatment options, enhancing efficiency, and contributing to medical advancements.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Vascular Access Devices Market Characteristics
3. Vascular Access Devices Market Trends And Strategies
4. Vascular Access Devices Market - Macro Economic Scenario
5. Vascular Access Devices Market Size And Growth
…..
27. Vascular Access Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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