Global Vascular Access Devices Market 2024 Opportunity Assessment, Size, Growth Rate And Forecast To 2033

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..

Market Overview -
Vascular access devices (VADs) are medical devices that provide access to the bloodstream for a number of tasks, including giving drugs, administering fluids or blood products, or performing diagnostic tests. These devices are used to avoid the need for repeated needle punctures in patients, making it more convenient for both healthcare providers and patients.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=13554&type=smp

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

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.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/vascular-access-devices-global-market-report

Key Segments -
The vascular access devices market covered in this report is segmented -
1) By Device Type: Central Vascular Access Devices, Peripheral Vascular Access Devices
2) By Application: Drug Administration, Fluid And Nutrition Administration, Blood Transfusion, Diagnostics And Testing
3) By End User: Hospitals, Clinics, Ambulatory Care Centers, Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model "

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.